GDMN vs. AEM

Last updated Jun 13, 2026

GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) is Commodities fund actively managed by WisdomTree, while AEM (Agnico Eagle Mines Limited) is a stock. Over the past 3 years, GDMN returned 56.30%/yr vs 50.92%/yr for AEM. Their correlation of 0.88 suggests significant overlap in exposure.

Performance

GDMN vs. AEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) and Agnico Eagle Mines Limited (AEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDMN achieves a -13.77% return, which is significantly lower than AEM's -3.66% return.

GDMN

• 1D: 2.11%
• 1M: -23.27%
• YTD: -13.77%
• 6M: -13.73%
• 1Y: 56.55%
• 3Y*: 56.30%
• 5Y*: —
• 10Y*: —

AEM

• 1D: 3.09%
• 1M: -16.80%
• YTD: -3.66%
• 6M: -2.93%
• 1Y: 34.46%
• 3Y*: 50.92%
• 5Y*: 20.78%
• 10Y*: 14.70%

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

GDMN vs. AEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	-13.77%	237.09%	28.23%	12.97%	-14.62%	6.93%
AEM Agnico Eagle Mines Limited	-3.66%	119.53%	46.04%	8.98%	1.08%	8.58%

Correlation

The correlation between GDMN and AEM is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021	0.88

The correlation between GDMN and AEM has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.

Return for Risk

GDMN vs. AEM — Risk / Return Rank

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

GDMN

GDMN Risk / Return Rank: 29
GDMN Sharpe Ratio Rank: 28
GDMN Sortino Ratio Rank: 28
GDMN Omega Ratio Rank: 33
GDMN Calmar Ratio Rank: 27
GDMN Martin Ratio Rank: 26

AEM

AEM Risk / Return Rank: 64
AEM Sharpe Ratio Rank: 69
AEM Sortino Ratio Rank: 61
AEM Omega Ratio Rank: 62
AEM Calmar Ratio Rank: 61
AEM Martin Ratio Rank: 65

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.

GDMN vs. AEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) and Agnico Eagle Mines Limited (AEM). 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.

	GDMN	AEM	Difference
Sharpe ratio: Return per unit of total volatility	0.90	0.79	+0.11
Sortino ratio: Return per unit of downside risk	1.38	1.22	+0.16
Omega ratio: Gain probability vs. loss probability	1.20	1.16	+0.03
Calmar ratio: Return relative to maximum drawdown	1.17	0.88	+0.29
Martin ratio: Return relative to average drawdown	3.15	2.48	+0.67

GDMN vs. AEM - Sharpe Ratio Comparison

The current GDMN Sharpe Ratio is 0.90, which is comparable to the AEM Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of GDMN and AEM, 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

GDMN vs. AEM - Drawdown Comparison

The maximum GDMN drawdown since its inception was -52.82%, smaller than the maximum AEM drawdown of -90.49%. Use the drawdown chart below to compare losses from any high point for GDMN and AEM.

Drawdown Indicators

	GDMN	AEM	Difference
Max Drawdown Largest peak-to-trough decline	-52.82%	-90.49%	+37.67%
Max Drawdown (1Y) Largest decline over 1 year	-48.76%	-39.39%	-9.37%
Max Drawdown (3Y) Largest decline over 3 years	-48.76%	-39.39%	-9.37%
Max Drawdown (5Y) Largest decline over 5 years	—	-45.03%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-53.86%	—
Current Drawdown Current decline from peak	-43.39%	-35.35%	-8.04%
Average Drawdown Average peak-to-trough decline	-19.02%	-46.65%	+27.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.01%	13.93%	+4.08%

Volatility

GDMN vs. AEM - Volatility Comparison

WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a higher volatility of 21.98% compared to Agnico Eagle Mines Limited (AEM) at 15.31%. This indicates that GDMN's price experiences larger fluctuations and is considered to be riskier than AEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDMN	AEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.98%	15.31%	+6.67%
Volatility (6M) Calculated over the trailing 6-month period	54.30%	36.02%	+18.28%
Volatility (1Y) Calculated over the trailing 1-year period	63.44%	44.06%	+19.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.07%	37.06%	+11.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.07%	37.35%	+10.72%

Dividends

GDMN vs. AEM - Dividend Comparison

GDMN's dividend yield for the trailing twelve months is around 3.13%, more than AEM's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AEM Agnico Eagle Mines Limited	1.05%	0.94%	2.05%	2.92%	3.08%	2.63%	2.36%	0.89%	1.09%	0.89%	0.86%	1.22%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	3.13%	2.70%	9.44%	7.69%	1.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GDMN and AEM in my portfolio?

GDMN and AEM have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDMN or AEM?

GDMN has higher volatility (21.98%) compared to AEM (15.31%). In terms of maximum drawdown, GDMN dropped -52.82% vs AEM's -90.49%.

Which has better risk-adjusted returns?

GDMN currently has the higher Sharpe Ratio (0.90 vs 0.79), 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.