GDE vs. MAGS

Last updated Jul 21, 2026

GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) and MAGS (Roundhill Magnificent Seven ETF) are both exchange-traded funds - GDE is a Gold fund actively managed by WisdomTree, while MAGS is a Technology Equities fund actively managed by Roundhill. Both are actively managed. Over the past 3 years, GDE returned 39.14%/yr vs 31.30%/yr for MAGS. At a 0.47 correlation, their price movements are largely independent. GDE charges 0.20%/yr vs 0.29%/yr for MAGS.

Performance

GDE vs. MAGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and Roundhill Magnificent Seven ETF (MAGS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDE achieves a -1.30% return, which is significantly lower than MAGS's 1.47% return.

GDE

• 1D: -0.20%
• 1M: -4.95%
• 6M: -7.43%
• YTD: -1.30%
• 1Y: 32.45%
• 3Y*: 39.14%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 29.17%

MAGS

• 1D: 0.03%
• 1M: 2.28%
• 6M: 3.13%
• YTD: 1.47%
• 1Y: 18.75%
• 3Y*: 31.30%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 36.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GDE vs. MAGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	-1.30%	73.76%	44.79%	16.25%
MAGS Roundhill Magnificent Seven ETF	1.47%	22.99%	63.97%	35.74%

Correlation

The correlation between GDE and MAGS is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (All Time) Calculated using the full available price history since Apr 11, 2023	0.47

The correlation between GDE and MAGS has been stable across timeframes, ranging from 0.47 to 0.51 - a consistent structural relationship.

Return for Risk

GDE vs. MAGS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GDE

GDE Risk / Return Rank: 36
GDE Sharpe Ratio Rank: 39
GDE Sortino Ratio Rank: 35
GDE Omega Ratio Rank: 40
GDE Calmar Ratio Rank: 37
GDE Martin Ratio Rank: 31

MAGS

MAGS Risk / Return Rank: 30
MAGS Sharpe Ratio Rank: 32
MAGS Sortino Ratio Rank: 31
MAGS Omega Ratio Rank: 30
MAGS Calmar Ratio Rank: 28
MAGS Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GDE vs. MAGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and Roundhill Magnificent Seven ETF (MAGS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GDE	MAGS	Difference
Sharpe ratio: Return per unit of total volatility	1.06	0.88	+0.18
Sortino ratio: Return per unit of downside risk	1.46	1.31	+0.15
Omega ratio: Gain probability vs. loss probability	1.21	1.16	+0.05
Calmar ratio: Return relative to maximum drawdown	1.44	1.01	+0.43
Martin ratio: Return relative to average drawdown	3.38	3.11	+0.27

GDE vs. MAGS - Sharpe Ratio Comparison

The current GDE Sharpe Ratio is 1.06, which is comparable to the MAGS Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of GDE and MAGS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GDE vs. MAGS - Drawdown Comparison

The maximum GDE drawdown since its inception was -32.01%, which is greater than MAGS's maximum drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for GDE and MAGS.

Drawdown Indicators

	GDE	MAGS	Difference
Max Drawdown Largest peak-to-trough decline	-32.01%	-29.91%	-2.10%
Max Drawdown (1Y) Largest decline over 1 year	-22.66%	-18.62%	-4.04%
Max Drawdown (3Y) Largest decline over 3 years	-22.66%	-29.91%	+7.25%
Current Drawdown Current decline from peak	-20.14%	-5.65%	-14.49%
Average Drawdown Average peak-to-trough decline	-8.16%	-4.81%	-3.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.62%	6.04%	+3.58%

Volatility

GDE vs. MAGS - Volatility Comparison

WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and Roundhill Magnificent Seven ETF (MAGS) have volatilities of 7.43% and 7.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDE	MAGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.43%	7.49%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	26.34%	16.68%	+9.66%
Volatility (1Y) Calculated over the trailing 1-year period	30.85%	21.47%	+9.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.10%	26.00%	+1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.10%	26.00%	+1.10%

GDE vs. MAGS - Expense Ratio Comparison

GDE has a 0.20% expense ratio, which is lower than MAGS's 0.29% expense ratio.

Dividends

GDE vs. MAGS - Dividend Comparison

GDE's dividend yield for the trailing twelve months is around 4.38%, more than MAGS's 1.46% yield.

Position	TTM	2025	2024	2023	2022
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	4.38%	4.32%	7.14%	2.22%	0.81%
MAGS Roundhill Magnificent Seven ETF	1.46%	1.48%	0.81%	0.44%	0.00%

Frequently Asked Questions

Can I hold both GDE and MAGS in my portfolio?

GDE and MAGS have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDE or MAGS?

MAGS has higher volatility (7.49%) compared to GDE (7.43%). In terms of maximum drawdown, GDE dropped -32.01% vs MAGS's -29.91%.

Which ETF is better, GDE or MAGS?

On 3-year performance, GDE leads with 39.14% vs 31.30% for MAGS. On fees, GDE is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDE or MAGS?

Over the 3-year period, GDE has performed better with a 39.14% return vs 31.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDE or MAGS?

GDE is cheaper with a 0.20% expense ratio, compared with 0.29% for MAGS.

Which ETF pays a higher dividend yield, GDE or MAGS?

GDE has the higher dividend yield at 4.38%, compared with 1.46% for MAGS.

What is the main difference between GDE and MAGS?

GDE is categorized as Gold, while MAGS is Technology Equities. They also come from different issuers: WisdomTree and Roundhill. Their fees differ too: 0.20% for GDE and 0.29% for MAGS.

Which has better risk-adjusted returns?

GDE currently has the higher Sharpe Ratio (1.06 vs 0.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.