GDMN vs. GOLY
GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) and GOLY (Strategy Shares Gold-Hedged Bond ETF) are both exchange-traded funds - GDMN is a Commodities fund actively managed by WisdomTree, while GOLY is a Nontraditional Bonds fund tracking the Solactive Gold-Backed Bond Index. GDMN is actively managed, while GOLY is passively managed. Over the past 3 years, GDMN returned 59.33%/yr vs 16.55%/yr for GOLY. A 0.78 correlation means they provide meaningful diversification when combined. GDMN charges 0.45%/yr vs 0.79%/yr for GOLY.
Performance
GDMN vs. GOLY - Performance Comparison
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Returns By Period
In the year-to-date period, GDMN achieves a -7.24% return, which is significantly higher than GOLY's -20.76% return.
GDMN
- 1D
- 7.58%
- 1M
- -7.37%
- YTD
- -7.24%
- 6M
- -6.40%
- 1Y
- 63.42%
- 3Y*
- 59.33%
- 5Y*
- —
- 10Y*
- —
GOLY
- 1D
- 2.90%
- 1M
- -4.38%
- YTD
- -20.76%
- 6M
- -20.23%
- 1Y
- -1.82%
- 3Y*
- 16.55%
- 5Y*
- 5.95%
- 10Y*
- —
GDMN vs. GOLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | -7.24% | 237.09% | 28.23% | 12.97% | -14.62% | 6.93% |
GOLY Strategy Shares Gold-Hedged Bond ETF | -20.76% | 57.98% | 19.82% | 12.74% | -19.96% | 2.93% |
Correlation
The correlation between GDMN and GOLY is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021 | 0.78 |
The correlation between GDMN and GOLY has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.
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Return for Risk
GDMN vs. GOLY — Risk / Return Rank
GDMN
GOLY
GDMN vs. GOLY - 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 Strategy Shares Gold-Hedged Bond ETF (GOLY). 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 | GOLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.02 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | -0.05 | +1.36 |
| Martin ratioReturn relative to average drawdown | 3.52 | -0.13 | +3.65 |
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Drawdowns
GDMN vs. GOLY - Drawdown Comparison
The maximum GDMN drawdown since its inception was -52.82%, which is greater than GOLY's maximum drawdown of -36.08%. Use the drawdown chart below to compare losses from any high point for GDMN and GOLY.
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Drawdown Indicators
| GDMN | GOLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.82% | -36.08% | -16.74% |
Max Drawdown (1Y)Largest decline over 1 year | -48.76% | -36.08% | -12.68% |
Max Drawdown (3Y)Largest decline over 3 years | -48.76% | -36.08% | -12.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.08% | — |
Current DrawdownCurrent decline from peak | -39.10% | -31.62% | -7.48% |
Average DrawdownAverage peak-to-trough decline | -19.04% | -11.98% | -7.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.18% | 14.24% | +3.94% |
Volatility
GDMN vs. GOLY - Volatility Comparison
WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a higher volatility of 23.53% compared to Strategy Shares Gold-Hedged Bond ETF (GOLY) at 9.83%. This indicates that GDMN's price experiences larger fluctuations and is considered to be riskier than GOLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDMN | GOLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.53% | 9.83% | +13.70% |
Volatility (6M)Calculated over the trailing 6-month period | 54.66% | 30.46% | +24.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.80% | 33.73% | +30.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.17% | 22.57% | +25.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.17% | 22.41% | +25.76% |
GDMN vs. GOLY - Expense Ratio Comparison
GDMN has a 0.45% expense ratio, which is lower than GOLY's 0.79% expense ratio.
Dividends
GDMN vs. GOLY - Dividend Comparison
GDMN's dividend yield for the trailing twelve months is around 2.91%, less than GOLY's 9.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 2.91% | 2.70% | 9.44% | 7.69% | 1.44% | 0.00% |
GOLY Strategy Shares Gold-Hedged Bond ETF | 9.29% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% |
Frequently Asked Questions
GDMN and GOLY have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDMN has higher volatility (23.53%) compared to GOLY (9.83%). In terms of maximum drawdown, GDMN dropped -52.82% vs GOLY's -36.08%.
On 3-year performance, GDMN leads with 59.33% vs 16.55% for GOLY. On fees, GDMN is cheaper at 0.45% per year. On volatility, GOLY has been the lower-risk option at 9.83%. 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 59.33% return vs 16.55%. 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 0.79% for GOLY.
GOLY has the higher dividend yield at 9.29%, compared with 2.91% for GDMN.
GDMN is categorized as Commodities, while GOLY is Nontraditional Bonds. They also come from different issuers: WisdomTree and Strategy Shares. Their fees differ too: 0.45% for GDMN and 0.79% for GOLY.
GDMN currently has the higher Sharpe Ratio (1.00 vs -0.05), 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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