GDMN vs. AUMI

Last updated Jun 24, 2026

GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) and AUMI (Themes Gold Miners ETF) are both exchange-traded funds - GDMN is a Commodities fund actively managed by WisdomTree, while AUMI is a Gold fund tracking the Solactive Global Pure Gold Miners Index. GDMN is actively managed, while AUMI is passively managed. Over the past year, GDMN returned 50.67% vs 42.36% for AUMI. Their correlation of 0.91 suggests significant overlap in exposure. GDMN charges 0.45%/yr vs 0.35%/yr for AUMI.

Performance

GDMN vs. AUMI - 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 Themes Gold Miners ETF (AUMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDMN achieves a -17.89% return, which is significantly lower than AUMI's -13.29% return.

GDMN

• 1D: -5.34%
• 1M: -15.68%
• YTD: -17.89%
• 6M: -24.58%
• 1Y: 50.67%
• 3Y*: 56.12%
• 5Y*: —
• 10Y*: —

AUMI

• 1D: -4.42%
• 1M: -8.75%
• YTD: -13.29%
• 6M: -17.30%
• 1Y: 42.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GDMN vs. AUMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	-17.89%	237.09%	28.23%	11.94%
AUMI Themes Gold Miners ETF	-13.29%	164.18%	30.61%	10.23%

Correlation

The correlation between GDMN and AUMI is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023	0.91

The correlation between GDMN and AUMI has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

GDMN vs. AUMI - Sectors Allocation Comparison

Sectors	GDMN	AUMI
Basic Materials	100.0%	99.3%
Communication Services	-	0.2%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

GDMN vs. AUMI — Risk / Return Rank

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

GDMN

GDMN Risk / Return Rank: 24
GDMN Sharpe Ratio Rank: 23
GDMN Sortino Ratio Rank: 24
GDMN Omega Ratio Rank: 28
GDMN Calmar Ratio Rank: 23
GDMN Martin Ratio Rank: 22

AUMI

AUMI Risk / Return Rank: 25
AUMI Sharpe Ratio Rank: 25
AUMI Sortino Ratio Rank: 25
AUMI Omega Ratio Rank: 26
AUMI Calmar Ratio Rank: 23
AUMI Martin Ratio Rank: 24

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. AUMI - 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 Themes Gold Miners ETF (AUMI). 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	AUMI	Difference
Sharpe ratio: Return per unit of total volatility	0.79	0.85	-0.05
Sortino ratio: Return per unit of downside risk	1.29	1.32	-0.02
Omega ratio: Gain probability vs. loss probability	1.18	1.18	+0.01
Calmar ratio: Return relative to maximum drawdown	1.04	1.08	-0.04
Martin ratio: Return relative to average drawdown	2.68	2.97	-0.30

GDMN vs. AUMI - Sharpe Ratio Comparison

The current GDMN Sharpe Ratio is 0.79, which is comparable to the AUMI Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of GDMN and AUMI, 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. AUMI - Drawdown Comparison

The maximum GDMN drawdown since its inception was -52.82%, which is greater than AUMI's maximum drawdown of -39.28%. Use the drawdown chart below to compare losses from any high point for GDMN and AUMI.

Drawdown Indicators

	GDMN	AUMI	Difference
Max Drawdown Largest peak-to-trough decline	-52.82%	-39.28%	-13.54%
Max Drawdown (1Y) Largest decline over 1 year	-48.76%	-39.28%	-9.48%
Max Drawdown (3Y) Largest decline over 3 years	-48.76%	—	—
Current Drawdown Current decline from peak	-46.10%	-34.76%	-11.34%
Average Drawdown Average peak-to-trough decline	-19.14%	-7.57%	-11.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.00%	14.30%	+4.70%

Volatility

GDMN vs. AUMI - Volatility Comparison

WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a higher volatility of 22.22% compared to Themes Gold Miners ETF (AUMI) at 18.19%. This indicates that GDMN's price experiences larger fluctuations and is considered to be riskier than AUMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDMN	AUMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.22%	18.19%	+4.03%
Volatility (6M) Calculated over the trailing 6-month period	55.20%	41.34%	+13.86%
Volatility (1Y) Calculated over the trailing 1-year period	64.10%	50.13%	+13.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.22%	42.46%	+5.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.22%	42.46%	+5.76%

GDMN vs. AUMI - Expense Ratio Comparison

GDMN has a 0.45% expense ratio, which is higher than AUMI's 0.35% expense ratio.

Dividends

GDMN vs. AUMI - Dividend Comparison

GDMN's dividend yield for the trailing twelve months is around 3.29%, more than AUMI's 1.00% yield.

Position	TTM	2025	2024	2023	2022
AUMI Themes Gold Miners ETF	1.00%	0.86%	1.84%	0.00%	0.00%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	3.29%	2.70%	9.44%	7.69%	1.44%

Frequently Asked Questions

Can I hold both GDMN and AUMI in my portfolio?

With a correlation of 0.94, GDMN and AUMI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, GDMN or AUMI?

GDMN has higher volatility (22.22%) compared to AUMI (18.19%). In terms of maximum drawdown, GDMN dropped -52.82% vs AUMI's -39.28%.

Which ETF is better, GDMN or AUMI?

On 1-year performance, GDMN leads with 50.67% vs 42.36% for AUMI. On fees, AUMI is cheaper at 0.35% per year. On volatility, AUMI has been the lower-risk option at 18.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDMN or AUMI?

Over the 1-year period, GDMN has performed better with a 50.67% return vs 42.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDMN or AUMI?

AUMI is cheaper with a 0.35% expense ratio, compared with 0.45% for GDMN.

Which ETF pays a higher dividend yield, GDMN or AUMI?

GDMN has the higher dividend yield at 3.29%, compared with 1.00% for AUMI.

What is the main difference between GDMN and AUMI?

GDMN is categorized as Commodities, while AUMI is Gold. They also come from different issuers: WisdomTree and Themes. Their fees differ too: 0.45% for GDMN and 0.35% for AUMI.

Which has better risk-adjusted returns?

AUMI currently has the higher Sharpe Ratio (0.85 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.