Correlation
The correlation between GDMN and GDX is 0.21, 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. GDX
Compare and contrast key facts about WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) and VanEck Vectors Gold Miners ETF (GDX).
GDMN and GDX 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. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDMN or GDX.
Performance
GDMN vs. GDX - Performance Comparison
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Key characteristics
GDMN:
1.78
GDX:
1.30
GDMN:
2.15
GDX:
1.72
GDMN:
1.28
GDX:
1.22
GDMN:
3.10
GDX:
0.95
GDMN:
7.52
GDX:
4.54
GDMN:
10.35%
GDX:
9.24%
GDMN:
46.60%
GDX:
34.24%
GDMN:
-52.82%
GDX:
-80.57%
GDMN:
-6.26%
GDX:
-13.59%
Returns By Period
In the year-to-date period, GDMN achieves a 72.07% return, which is significantly higher than GDX's 49.37% return.
GDMN
72.07%
8.39%
56.23%
83.54%
30.29%
N/A
N/A
GDX
49.37%
7.58%
36.07%
45.17%
18.63%
9.56%
10.95%
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GDMN vs. GDX - Expense Ratio Comparison
GDMN has a 0.45% expense ratio, which is lower than GDX's 0.53% expense ratio.
Risk-Adjusted Performance
GDMN vs. GDX — Risk-Adjusted Performance Rank
GDMN
GDX
GDMN vs. GDX - 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 VanEck Vectors Gold Miners ETF (GDX). 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. GDX - Dividend Comparison
GDMN's dividend yield for the trailing twelve months is around 5.48%, more than GDX's 0.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 5.48% | 9.44% | 7.69% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GDX VanEck Vectors Gold Miners ETF | 0.80% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% |
Drawdowns
GDMN vs. GDX - Drawdown Comparison
The maximum GDMN drawdown since its inception was -52.82%, smaller than the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for GDMN and GDX.
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Volatility
GDMN vs. GDX - Volatility Comparison
WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a higher volatility of 19.47% compared to VanEck Vectors Gold Miners ETF (GDX) at 12.77%. This indicates that GDMN's price experiences larger fluctuations and is considered to be riskier than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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