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GDMN vs. EPU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GDMN vs. EPU

Last updated Jun 13, 2026

GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) and EPU (iShares MSCI Peru ETF) are both exchange-traded funds - GDMN is a Commodities fund actively managed by WisdomTree, while EPU is a Mid Cap Blend Equities fund tracking the MSCI All Peru Capped Index. GDMN is actively managed, while EPU is passively managed. Over the past 3 years, GDMN returned 56.30%/yr vs 46.38%/yr for EPU. A 0.61 correlation means they provide meaningful diversification when combined. GDMN charges 0.45%/yr vs 0.59%/yr for EPU.

Performance

GDMN vs. EPU - 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 iShares MSCI Peru ETF (EPU). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GDMN achieves a -13.77% return, which is significantly lower than EPU's 21.02% return.

GDMN

1D
2.11%
1M
-21.24%
YTD
-13.77%
6M
-13.73%
1Y
51.90%
3Y*
56.30%
5Y*
—
10Y*
—

EPU

1D
2.12%
1M
4.37%
YTD
21.02%
6M
26.87%
1Y
85.51%
3Y*
46.38%
5Y*
28.15%
10Y*
15.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GDMN vs. EPU - Yearly Performance Comparison

2026 (YTD)20252024202320222021
GDMN
WisdomTree Efficient Gold Plus Gold Miners Strategy Fund		-13.77%237.09%28.23%12.97%-14.62%6.93%
EPU
iShares MSCI Peru ETF		21.02%86.87%21.73%25.34%2.05%9.14%

Correlation

The correlation between GDMN and EPU is 0.68, 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

0.68

Correlation (3Y)
Calculated over the trailing 3-year period

0.65

Correlation (All Time)
Calculated using the full available price history since Dec 16, 2021

0.61

The correlation between GDMN and EPU has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.

GDMN vs. EPU - Sectors Allocation Comparison

Sectors
GDMN
EPU

Basic Materials

100.0%
52.7%

Communication Services

-

1.6%

Consumer Cyclical

-

4.1%

Consumer Defensive

-

3.0%

Energy

-

-

Financial Services

-

28.8%

Healthcare

-

1.2%

Industrials

-

2.8%

Real Estate

-

3.2%

Technology

-

-

Utilities

-

2.8%

Basic Materials

GDMN
100.0%
EPU
52.7%

Communication Services

GDMN

-

EPU
1.6%

Consumer Cyclical

GDMN

-

EPU
4.1%

Consumer Defensive

GDMN

-

EPU
3.0%

Energy

GDMN

-

EPU

-

Financial Services

GDMN

-

EPU
28.8%

Healthcare

GDMN

-

EPU
1.2%

Industrials

GDMN

-

EPU
2.8%

Real Estate

GDMN

-

EPU
3.2%

Technology

GDMN

-

EPU

-

Utilities

GDMN

-

EPU
2.8%

Compare stocks, funds, or ETFs

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WisdomTree Efficient Gold Plus Gold Miners Strategy Fund

iShares MSCI Peru ETF

Often compared with GDMN:
GDMN vs. GDXGDMN vs. GDEGDMN vs. GldGDMN vs. GLDGDMN vs. IAUMGDMN vs. IAUGDMN vs. AUMI
Often compared with EPU:
EPU vs. ECHEPU vs. ILFEPU vs. ARGTEPU vs. EISEPU vs. EVXEPU vs. EWSEPU vs. EPI

Return for Risk

GDMN vs. EPU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GDMN
GDMN Risk / Return Rank: 2929
Overall Rank
GDMN Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
GDMN Sortino Ratio Rank: 2828
Sortino Ratio Rank
GDMN Omega Ratio Rank: 3333
Omega Ratio Rank
GDMN Calmar Ratio Rank: 2727
Calmar Ratio Rank
GDMN Martin Ratio Rank: 2626
Martin Ratio Rank
EPU
EPU Risk / Return Rank: 8282
Overall Rank
EPU Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
EPU Sortino Ratio Rank: 8181
Sortino Ratio Rank
EPU Omega Ratio Rank: 8383
Omega Ratio Rank
EPU Calmar Ratio Rank: 8585
Calmar Ratio Rank
EPU Martin Ratio Rank: 7272
Martin Ratio Rank
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. EPU - 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 iShares MSCI Peru ETF (EPU). 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.

GDMNEPUDifference
Sharpe ratioReturn per unit of total volatility
0.90
2.73

-1.84

Sortino ratioReturn per unit of downside risk
1.38
3.14

-1.77

Omega ratioGain probability vs. loss probability

1.20

1.43

-0.23

Calmar ratioReturn relative to maximum drawdown

1.17

4.07

-2.90

Martin ratioReturn relative to average drawdown

3.15

11.73

-8.58

GDMN vs. EPU - Sharpe Ratio Comparison

The current GDMN Sharpe Ratio is 0.90, which is lower than the EPU Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of GDMN and EPU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

GDMN vs. EPU - Drawdown Comparison

The maximum GDMN drawdown since its inception was -52.82%, smaller than the maximum EPU drawdown of -60.62%. Use the drawdown chart below to compare losses from any high point for GDMN and EPU.

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Drawdown Indicators

GDMNEPUDifference

Max Drawdown

Largest peak-to-trough decline

-52.82%

-60.62%

+7.80%

Max Drawdown (1Y)

Largest decline over 1 year

-48.76%

-20.85%

-27.91%

Max Drawdown (3Y)

Largest decline over 3 years

-48.76%

-20.85%

-27.91%

Max Drawdown (5Y)

Largest decline over 5 years

—

-35.59%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-50.97%

—

Current Drawdown

Current decline from peak

-43.39%

-6.69%

-36.70%

Average Drawdown

Average peak-to-trough decline

-19.02%

-18.81%

-0.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

18.01%

7.22%

+10.79%

Volatility

GDMN vs. EPU - Volatility Comparison

WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a higher volatility of 21.98% compared to iShares MSCI Peru ETF (EPU) at 13.52%. This indicates that GDMN's price experiences larger fluctuations and is considered to be riskier than EPU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GDMNEPUDifference

Volatility (1M)

Calculated over the trailing 1-month period

21.98%

13.52%

+8.46%

Volatility (6M)

Calculated over the trailing 6-month period

54.30%

26.94%

+27.36%

Volatility (1Y)

Calculated over the trailing 1-year period

63.44%

31.04%

+32.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

48.07%

25.11%

+22.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

48.07%

23.64%

+24.43%

GDMN vs. EPU - Expense Ratio Comparison

GDMN has a 0.45% expense ratio, which is lower than EPU's 0.59% expense ratio.

Dividends

GDMN vs. EPU - Dividend Comparison

GDMN's dividend yield for the trailing twelve months is around 3.13%, more than EPU's 1.35% yield.

PositionTTM20252024202320222021202020192018201720162015
EPU
iShares MSCI Peru ETF		1.35%1.63%5.78%4.17%5.56%3.13%1.91%2.67%1.53%3.30%0.85%1.90%
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

GDMN and EPU have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GDMN has higher volatility (21.98%) compared to EPU (13.52%). In terms of maximum drawdown, GDMN dropped -52.82% vs EPU's -60.62%.

On 3-year performance, GDMN leads with 56.30% vs 46.38% for EPU. On fees, GDMN is cheaper at 0.45% per year. On volatility, EPU has been the lower-risk option at 13.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, GDMN has performed better with a 56.30% return vs 46.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

GDMN is cheaper with a 0.45% expense ratio, compared with 0.59% for EPU.

GDMN has the higher dividend yield at 3.13%, compared with 1.35% for EPU.

GDMN is categorized as Commodities, while EPU is Mid Cap Blend Equities. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for GDMN and 0.59% for EPU.

EPU currently has the higher Sharpe Ratio (2.73 vs 0.90), 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.

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