Correlation
The correlation between GDMN and GDE is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
GDMN vs. GDE
Compare and contrast key facts about WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE).
GDMN and GDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDMN is an actively managed fund by WisdomTree. It was launched on Dec 16, 2021. GDE is an actively managed fund by WisdomTree. It was launched on Mar 15, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDMN or GDE.
Performance
GDMN vs. GDE - Performance Comparison
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Key characteristics
GDMN:
1.93
GDE:
1.75
GDMN:
2.03
GDE:
2.08
GDMN:
1.26
GDE:
1.28
GDMN:
2.89
GDE:
2.39
GDMN:
7.03
GDE:
9.83
GDMN:
10.32%
GDE:
4.00%
GDMN:
46.81%
GDE:
26.74%
GDMN:
-52.82%
GDE:
-32.01%
GDMN:
-4.56%
GDE:
-0.60%
Returns By Period
In the year-to-date period, GDMN achieves a 75.19% return, which is significantly higher than GDE's 21.46% return.
GDMN
75.19%
3.71%
62.80%
86.55%
29.20%
N/A
N/A
GDE
21.46%
6.20%
19.46%
44.95%
31.50%
N/A
N/A
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GDMN vs. GDE - Expense Ratio Comparison
GDMN has a 0.45% expense ratio, which is higher than GDE's 0.20% expense ratio.
Risk-Adjusted Performance
GDMN vs. GDE — Risk-Adjusted Performance Rank
GDMN
GDE
GDMN vs. GDE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) 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.
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Dividends
GDMN vs. GDE - Dividend Comparison
GDMN's dividend yield for the trailing twelve months is around 5.39%, less than GDE's 5.87% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 5.39% | 9.44% | 7.69% | 1.44% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 5.87% | 7.14% | 2.22% | 0.81% |
Drawdowns
GDMN vs. GDE - Drawdown Comparison
The maximum GDMN drawdown since its inception was -52.82%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for GDMN and GDE.
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Volatility
GDMN vs. GDE - Volatility Comparison
WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a higher volatility of 19.59% compared to WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) at 6.38%. This indicates that GDMN's price experiences larger fluctuations and is considered to be riskier than GDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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