GDE vs. SMH
Compare and contrast key facts about WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and VanEck Vectors Semiconductor ETF (SMH).
GDE and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDE is an actively managed fund by WisdomTree. It was launched on Mar 15, 2022. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDE or SMH.
Key characteristics
| GDE | SMH | |
|---|---|---|
| YTD Return | 44.97% | 41.61% |
| 1Y Return | 59.90% | 54.65% |
| Sharpe Ratio | 3.17 | 1.73 |
| Sortino Ratio | 3.78 | 2.24 |
| Omega Ratio | 1.52 | 1.30 |
| Calmar Ratio | 5.91 | 2.39 |
| Martin Ratio | 21.72 | 6.56 |
| Ulcer Index | 2.92% | 9.05% |
| Daily Std Dev | 20.00% | 34.39% |
| Max Drawdown | -32.01% | -95.73% |
| Current Drawdown | -4.24% | -11.96% |
Correlation
The correlation between GDE and SMH is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GDE vs. SMH - Performance Comparison
In the year-to-date period, GDE achieves a 44.97% return, which is significantly higher than SMH's 41.61% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GDE vs. SMH - Expense Ratio Comparison
GDE has a 0.20% expense ratio, which is lower than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
GDE vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and VanEck Vectors Semiconductor ETF (SMH). 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.
Dividends
GDE vs. SMH - Dividend Comparison
GDE's dividend yield for the trailing twelve months is around 7.02%, more than SMH's 0.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 7.02% | 2.22% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.42% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
GDE vs. SMH - Drawdown Comparison
The maximum GDE drawdown since its inception was -32.01%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for GDE and SMH. For additional features, visit the drawdowns tool.
Volatility
GDE vs. SMH - Volatility Comparison
The current volatility for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) is 5.90%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 7.71%. This indicates that GDE experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.