GDE vs. SPMO
Compare and contrast key facts about WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and Invesco S&P 500® Momentum ETF (SPMO).
GDE and SPMO 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. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDE or SPMO.
Performance
GDE vs. SPMO - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with GDE having a 48.27% return and SPMO slightly lower at 46.30%.
GDE
48.27%
-0.82%
23.33%
60.38%
N/A
N/A
SPMO
46.30%
1.75%
17.41%
54.73%
20.23%
N/A
Key characteristics
| GDE | SPMO | |
|---|---|---|
| Sharpe Ratio | 2.94 | 3.08 |
| Sortino Ratio | 3.55 | 4.01 |
| Omega Ratio | 1.48 | 1.55 |
| Calmar Ratio | 5.54 | 4.16 |
| Martin Ratio | 19.73 | 17.24 |
| Ulcer Index | 3.01% | 3.17% |
| Daily Std Dev | 20.22% | 17.74% |
| Max Drawdown | -32.01% | -30.95% |
| Current Drawdown | -2.06% | -1.41% |
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GDE vs. SPMO - Expense Ratio Comparison
GDE has a 0.20% expense ratio, which is higher than SPMO's 0.13% 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%.
Correlation
The correlation between GDE and SPMO 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.
Risk-Adjusted Performance
GDE vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) and Invesco S&P 500® Momentum ETF (SPMO). 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. SPMO - Dividend Comparison
GDE's dividend yield for the trailing twelve months is around 6.86%, more than SPMO's 0.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 6.86% | 2.22% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.45% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
GDE vs. SPMO - Drawdown Comparison
The maximum GDE drawdown since its inception was -32.01%, roughly equal to the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for GDE and SPMO. For additional features, visit the drawdowns tool.
Volatility
GDE vs. SPMO - Volatility Comparison
WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a higher volatility of 6.78% compared to Invesco S&P 500® Momentum ETF (SPMO) at 5.07%. This indicates that GDE's price experiences larger fluctuations and is considered to be riskier than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.