GDE vs. QQQ
GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - GDE is a Gold fund actively managed by WisdomTree, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. GDE is actively managed, while QQQ is passively managed. Over the past 3 years, GDE returned 39.14%/yr vs 23.54%/yr for QQQ. A 0.61 correlation means they provide meaningful diversification when combined. GDE charges 0.20%/yr vs 0.18%/yr for QQQ.
Performance
GDE vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, GDE achieves a -1.30% return, which is significantly lower than QQQ's 13.58% 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%
QQQ
- 1D
- 0.10%
- 1M
- -5.91%
- 6M
- 12.30%
- YTD
- 13.58%
- 1Y
- 24.61%
- 3Y*
- 23.54%
- 5Y*
- 14.68%
- 10Y*
- 20.72%
- ALL TIME*
- 10.70%
GDE vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | -1.30% | 73.76% | 44.79% | 33.85% | -8.58% |
QQQ Invesco QQQ ETF | 13.58% | 20.77% | 25.58% | 54.86% | -21.18% |
Correlation
The correlation between GDE and QQQ is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.61 |
The correlation between GDE and QQQ has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.
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Return for Risk
GDE vs. QQQ — Risk / Return Rank
GDE
QQQ
GDE vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.23 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 2.07 | -0.63 |
| Martin ratioReturn relative to average drawdown | 3.38 | 7.22 | -3.84 |
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Drawdowns
GDE vs. QQQ - Drawdown Comparison
The maximum GDE drawdown since its inception was -32.01%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for GDE and QQQ.
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Drawdown Indicators
| GDE | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.01% | -82.97% | +50.96% |
Max Drawdown (1Y)Largest decline over 1 year | -22.66% | -11.96% | -10.70% |
Max Drawdown (3Y)Largest decline over 3 years | -22.66% | -22.77% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -20.14% | -6.61% | -13.53% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -32.65% | +24.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.62% | 3.42% | +6.20% |
Volatility
GDE vs. QQQ - Volatility Comparison
WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and Invesco QQQ ETF (QQQ) have volatilities of 7.43% and 7.41%, 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.
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Volatility by Period
| GDE | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 7.41% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 26.34% | 15.55% | +10.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.85% | 18.78% | +12.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.10% | 22.81% | +4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.10% | 22.45% | +4.65% |
GDE vs. QQQ - Expense Ratio Comparison
GDE has a 0.20% expense ratio, which is higher than QQQ's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GDE vs. QQQ - Dividend Comparison
GDE's dividend yield for the trailing twelve months is around 4.38%, more than QQQ's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.38% | 4.32% | 7.14% | 2.22% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.44% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
GDE and QQQ have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDE has higher volatility (7.43%) compared to QQQ (7.41%). In terms of maximum drawdown, GDE dropped -32.01% vs QQQ's -82.97%.
On 3-year performance, GDE leads with 39.14% vs 23.54% for QQQ. On fees, QQQ is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GDE has performed better with a 39.14% return vs 23.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.20% for GDE.
GDE has the higher dividend yield at 4.38%, compared with 0.44% for QQQ.
GDE is categorized as Gold, while QQQ is Nasdaq-100. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.20% for GDE and 0.18% for QQQ.
QQQ currently has the higher Sharpe Ratio (1.32 vs 1.06), 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.
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