GDE vs. QQQE
GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - GDE is a Gold fund actively managed by WisdomTree, while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. GDE is actively managed, while QQQE is passively managed. Over the past 3 years, GDE returned 42.64%/yr vs 17.04%/yr for QQQE. A 0.61 correlation means they provide meaningful diversification when combined. GDE charges 0.20%/yr vs 0.35%/yr for QQQE.
Performance
GDE vs. QQQE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GDE achieves a 3.16% return, which is significantly lower than QQQE's 17.14% return.
GDE
- 1D
- 0.67%
- 1M
- -9.22%
- YTD
- 3.16%
- 6M
- 4.00%
- 1Y
- 40.98%
- 3Y*
- 42.64%
- 5Y*
- —
- 10Y*
- —
QQQE
- 1D
- 1.18%
- 1M
- 5.18%
- YTD
- 17.14%
- 6M
- 16.29%
- 1Y
- 26.96%
- 3Y*
- 17.04%
- 5Y*
- 9.60%
- 10Y*
- 15.61%
GDE vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 3.16% | 73.76% | 44.79% | 33.85% | -8.58% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 17.14% | 14.58% | 6.98% | 33.76% | -12.62% |
Correlation
The correlation between GDE and QQQE 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 | 0.56 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.61 |
The correlation between GDE and QQQE shifts across timeframes, from 0.51 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GDE vs. QQQE — Risk / Return Rank
GDE
QQQE
GDE vs. QQQE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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 | QQQE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.65 | -0.82 |
| Martin ratioReturn relative to average drawdown | 5.36 | 8.95 | -3.59 |
Loading charts...
Drawdowns
GDE vs. QQQE - Drawdown Comparison
The maximum GDE drawdown since its inception was -32.01%, roughly equal to the maximum QQQE drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for GDE and QQQE.
Loading charts...
Drawdown Indicators
| GDE | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.01% | -32.14% | +0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -22.66% | -9.41% | -13.25% |
Max Drawdown (3Y)Largest decline over 3 years | -22.66% | -21.38% | -1.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.14% | — |
Current DrawdownCurrent decline from peak | -16.53% | -1.76% | -14.77% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -5.16% | -2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 2.79% | +4.94% |
Volatility
GDE vs. QQQE - Volatility Comparison
WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a higher volatility of 10.77% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 7.04%. This indicates that GDE's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GDE | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.77% | 7.04% | +3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 25.97% | 12.12% | +13.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.88% | 15.28% | +14.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.09% | 20.45% | +6.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.09% | 20.79% | +6.30% |
GDE vs. QQQE - Expense Ratio Comparison
GDE has a 0.20% expense ratio, which is lower than QQQE's 0.35% expense ratio.
Dividends
GDE vs. QQQE - Dividend Comparison
GDE's dividend yield for the trailing twelve months is around 4.19%, more than QQQE's 0.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.19% | 4.32% | 7.14% | 2.22% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.53% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
Frequently Asked Questions
GDE and QQQE 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.
GDE has higher volatility (10.77%) compared to QQQE (7.04%). In terms of maximum drawdown, GDE dropped -32.01% vs QQQE's -32.14%.
On 3-year performance, GDE leads with 42.64% vs 17.04% for QQQE. On fees, GDE is cheaper at 0.20% per year. On volatility, QQQE has been the lower-risk option at 7.04%. 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 42.64% return vs 17.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDE is cheaper with a 0.20% expense ratio, compared with 0.35% for QQQE.
GDE has the higher dividend yield at 4.19%, compared with 0.53% for QQQE.
GDE is categorized as Gold, while QQQE is Nasdaq-100. They also come from different issuers: WisdomTree and Direxion. Their fees differ too: 0.20% for GDE and 0.35% for QQQE.
QQQE currently has the higher Sharpe Ratio (1.63 vs 1.39), 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.
Find the right allocation for GDE and QQQE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer