GDMN vs. RLY
GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) and RLY (State Street Multi-Asset Real Return ETF) are both exchange-traded funds - GDMN is a Commodities fund actively managed by WisdomTree, while RLY is a Global Allocation fund tracking the Bloomberg U.S. Government Inflation-Linked Bond Index. GDMN is actively managed, while RLY is passively managed. Over the past 3 years, GDMN returned 54.79%/yr vs 12.93%/yr for RLY. Their 0.54 correlation means they have sometimes moved together and sometimes differently. GDMN charges 0.45%/yr vs 0.50%/yr for RLY.
Performance
GDMN vs. RLY - Performance Comparison
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Returns By Period
In the year-to-date period, GDMN achieves a -21.29% return, which is significantly lower than RLY's 15.29% return.
GDMN
- 1D
- 1.66%
- 1M
- -4.40%
- 6M
- -30.05%
- YTD
- -21.29%
- 1Y
- 49.41%
- 3Y*
- 54.79%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 31.15%
RLY
- 1D
- -0.42%
- 1M
- 3.64%
- 6M
- 8.40%
- YTD
- 15.29%
- 1Y
- 27.11%
- 3Y*
- 12.93%
- 5Y*
- 10.64%
- 10Y*
- 8.16%
- ALL TIME*
- 4.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.47M | $2.23M | $3.42M | |
| $5.13M | $7.99M | $7.88M |
GDMN vs. RLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | -21.29% | 237.09% | 28.23% | 12.97% | -14.62% | 6.93% |
RLY State Street Multi-Asset Real Return ETF | 15.29% | 20.26% | 2.53% | 2.56% | 7.86% | 2.60% |
Correlation
The correlation between GDMN and RLY is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021 | 0.54 |
The correlation between GDMN and RLY has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.
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Return for Risk
GDMN vs. RLY — Risk / Return Rank
GDMN
RLY
GDMN vs. RLY - 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 State Street Multi-Asset Real Return ETF (RLY). 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 | RLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.47 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 3.61 | -2.66 |
| Martin ratioReturn relative to average drawdown | 1.99 | 12.56 | -10.57 |
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Drawdowns
GDMN vs. RLY - Drawdown Comparison
The maximum GDMN drawdown since its inception was -52.82%, which is greater than RLY's maximum drawdown of -37.75%. Use the drawdown chart below to compare losses from any high point for GDMN and RLY.
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Drawdown Indicators
| GDMN | RLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.82% | -37.75% | -15.07% |
Max Drawdown (1Y)Largest decline over 1 year | -52.02% | -7.54% | -44.48% |
Max Drawdown (3Y)Largest decline over 3 years | -52.02% | -10.08% | -41.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.17% | — |
Current DrawdownCurrent decline from peak | -48.33% | -3.15% | -45.18% |
Average DrawdownAverage peak-to-trough decline | -19.85% | -9.40% | -10.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.95% | 2.16% | +22.79% |
Volatility
GDMN vs. RLY - Volatility Comparison
WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a higher volatility of 14.93% compared to State Street Multi-Asset Real Return ETF (RLY) at 2.61%. This indicates that GDMN's price experiences larger fluctuations and is considered to be riskier than RLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDMN | RLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.93% | 2.61% | +12.32% |
Volatility (6M)Calculated over the trailing 6-month period | 49.31% | 8.06% | +41.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.05% | 10.61% | +54.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.34% | 13.46% | +34.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.34% | 13.80% | +34.54% |
GDMN vs. RLY - Expense Ratio Comparison
GDMN has a 0.45% expense ratio, which is lower than RLY's 0.50% expense ratio.
Dividends
GDMN vs. RLY - Dividend Comparison
GDMN's dividend yield for the trailing twelve months is around 3.43%, more than RLY's 3.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 3.43% | 2.70% | 9.44% | 7.69% | 1.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RLY State Street Multi-Asset Real Return ETF | 3.07% | 3.24% | 3.31% | 3.71% | 5.66% | 12.15% | 2.16% | 3.45% | 2.76% | 1.85% | 2.07% | 1.80% |
Frequently Asked Questions
GDMN and RLY have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDMN has higher volatility (14.93%) compared to RLY (2.61%). In terms of maximum drawdown, GDMN dropped -52.82% vs RLY's -37.75%.
On 3-year performance, GDMN leads with 54.79% vs 12.93% for RLY. On fees, GDMN is cheaper at 0.45% per year. On volatility, RLY has been the lower-risk option at 2.61%. 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 54.79% return vs 12.93%. 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 0.50% for RLY.
GDMN has the higher dividend yield at 3.43%, compared with 3.07% for RLY.
GDMN is categorized as Commodities, while RLY is Global Allocation. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.45% for GDMN and 0.50% for RLY.
RLY currently has the higher Sharpe Ratio (2.57 vs 0.76), 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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