GDMA vs. GDE

Last updated Jun 21, 2026

GDMA (Gadsden Dynamic Multi-Asset ETF) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - GDMA is a Hedge Fund fund actively managed by Gadsden, while GDE is a Gold fund actively managed by WisdomTree. Both are actively managed. Over the past 3 years, GDMA returned 17.60%/yr vs 42.06%/yr for GDE. At a 0.36 correlation, their price movements are largely independent. GDMA charges 0.77%/yr vs 0.20%/yr for GDE.

Performance

GDMA vs. GDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gadsden Dynamic Multi-Asset ETF (GDMA) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDMA achieves a 12.94% return, which is significantly higher than GDE's 3.84% return.

GDMA

• 1D: 2.76%
• 1M: 5.60%
• YTD: 12.94%
• 6M: 14.08%
• 1Y: 34.59%
• 3Y*: 17.60%
• 5Y*: 9.29%
• 10Y*: —

GDE

• 1D: 0.29%
• 1M: -6.36%
• YTD: 3.84%
• 6M: 3.05%
• 1Y: 45.48%
• 3Y*: 42.06%
• 5Y*: —
• 10Y*: —

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

GDMA vs. GDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
GDMA Gadsden Dynamic Multi-Asset ETF	12.94%	25.29%	7.44%	1.72%	-2.17%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	3.84%	73.76%	44.79%	33.85%	-8.58%

Correlation

The correlation between GDMA and GDE is 0.58, 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	0.58
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	0.36

Over the past year, GDMA and GDE have become more correlated (0.58) than their long-term average of 0.36, meaning their price movements have been converging.

Return for Risk

GDMA vs. GDE — Risk / Return Rank

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

GDMA

GDMA Risk / Return Rank: 74
GDMA Sharpe Ratio Rank: 74
GDMA Sortino Ratio Rank: 66
GDMA Omega Ratio Rank: 77
GDMA Calmar Ratio Rank: 85
GDMA Martin Ratio Rank: 67

GDE

GDE Risk / Return Rank: 42
GDE Sharpe Ratio Rank: 45
GDE Sortino Ratio Rank: 39
GDE Omega Ratio Rank: 45
GDE Calmar Ratio Rank: 42
GDE Martin Ratio Rank: 38

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.

GDMA vs. GDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gadsden Dynamic Multi-Asset ETF (GDMA) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). 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.

	GDMA	GDE	Difference
Sharpe ratio: Return per unit of total volatility	2.24	1.51	+0.73
Sortino ratio: Return per unit of downside risk	2.89	1.93	+0.96
Omega ratio: Gain probability vs. loss probability	1.43	1.28	+0.15
Calmar ratio: Return relative to maximum drawdown	4.41	2.01	+2.39
Martin ratio: Return relative to average drawdown	11.72	5.72	+6.01

GDMA vs. GDE - Sharpe Ratio Comparison

The current GDMA Sharpe Ratio is 2.24, which is higher than the GDE Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of GDMA and GDE, 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

GDMA vs. GDE - Drawdown Comparison

The maximum GDMA drawdown since its inception was -16.66%, smaller than the maximum GDE drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for GDMA and GDE.

Drawdown Indicators

	GDMA	GDE	Difference
Max Drawdown Largest peak-to-trough decline	-16.66%	-32.01%	+15.35%
Max Drawdown (1Y) Largest decline over 1 year	-7.53%	-22.66%	+15.13%
Max Drawdown (3Y) Largest decline over 3 years	-7.53%	-22.66%	+15.13%
Max Drawdown (5Y) Largest decline over 5 years	-12.74%	—	—
Current Drawdown Current decline from peak	0.00%	-15.99%	+15.99%
Average Drawdown Average peak-to-trough decline	-3.78%	-7.95%	+4.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	7.96%	-5.13%

Volatility

GDMA vs. GDE - Volatility Comparison

The current volatility for Gadsden Dynamic Multi-Asset ETF (GDMA) is 7.94%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 11.30%. This indicates that GDMA experiences smaller price fluctuations and is considered to be less risky than GDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDMA	GDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.94%	11.30%	-3.36%
Volatility (6M) Calculated over the trailing 6-month period	12.27%	26.31%	-14.04%
Volatility (1Y) Calculated over the trailing 1-year period	14.83%	30.16%	-15.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.09%	27.12%	-17.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.25%	27.12%	-15.87%

GDMA vs. GDE - Expense Ratio Comparison

GDMA has a 0.77% expense ratio, which is higher than GDE's 0.20% expense ratio.

Dividends

GDMA vs. GDE - Dividend Comparison

GDMA's dividend yield for the trailing twelve months is around 2.47%, less than GDE's 4.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	4.16%	4.32%	7.14%	2.22%	0.81%	0.00%	0.00%	0.00%
GDMA Gadsden Dynamic Multi-Asset ETF	2.47%	2.79%	2.32%	4.14%	1.18%	2.10%	0.62%	3.17%

Frequently Asked Questions

Can I hold both GDMA and GDE in my portfolio?

GDMA and GDE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDMA or GDE?

GDE has higher volatility (11.30%) compared to GDMA (7.94%). In terms of maximum drawdown, GDMA dropped -16.66% vs GDE's -32.01%.

Which ETF is better, GDMA or GDE?

On 3-year performance, GDE leads with 42.06% vs 17.60% for GDMA. On fees, GDE is cheaper at 0.20% per year. On volatility, GDMA has been the lower-risk option at 7.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDMA or GDE?

Over the 3-year period, GDE has performed better with a 42.06% return vs 17.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDMA or GDE?

GDE is cheaper with a 0.20% expense ratio, compared with 0.77% for GDMA.

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

GDE has the higher dividend yield at 4.16%, compared with 2.47% for GDMA.

What is the main difference between GDMA and GDE?

GDMA is categorized as Hedge Fund, while GDE is Gold. They also come from different issuers: Gadsden and WisdomTree. Their fees differ too: 0.77% for GDMA and 0.20% for GDE.

Which has better risk-adjusted returns?

GDMA currently has the higher Sharpe Ratio (2.24 vs 1.51), 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.