GDMN vs. USE

Last updated Jun 4, 2026

GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) and USE (USCF Energy Commodity Strategy Absolute Return Fund) are both Commodities funds. Both are actively managed. Over the past 3 years, GDMN returned 60.95%/yr vs 17.85%/yr for USE. At a 0.04 correlation, their price movements are largely independent. GDMN charges 0.45%/yr vs 0.79%/yr for USE.

Performance

GDMN vs. USE - 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 USCF Energy Commodity Strategy Absolute Return Fund (USE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDMN achieves a -4.13% return, which is significantly lower than USE's 48.69% return.

GDMN

• 1D: -3.68%
• 1M: -2.43%
• YTD: -4.13%
• 6M: 2.73%
• 1Y: 76.93%
• 3Y*: 60.95%
• 5Y*: —
• 10Y*: —

USE

• 1D: 2.75%
• 1M: -2.96%
• YTD: 48.69%
• 6M: 51.72%
• 1Y: 41.25%
• 3Y*: 17.85%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GDMN vs. USE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	-4.13%	237.09%	28.23%	-14.72%
USE USCF Energy Commodity Strategy Absolute Return Fund	48.69%	-14.97%	22.58%	9.98%

Correlation

The correlation between GDMN and USE is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (All Time) Calculated using the full available price history since May 5, 2023	0.04

The correlation between GDMN and USE shifts across timeframes, from -0.17 (1 year) to 0.04 (3 years), reflecting how their relationship changes across market environments.

GDMN vs. USE - Sectors Allocation Comparison

Sectors	GDMN	USE
Basic Materials	100.0%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	23.5%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

GDMN vs. USE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GDMN

GDMN Risk / Return Rank: 34
GDMN Sharpe Ratio Rank: 34
GDMN Sortino Ratio Rank: 30
GDMN Omega Ratio Rank: 36
GDMN Calmar Ratio Rank: 39
GDMN Martin Ratio Rank: 31

USE

USE Risk / Return Rank: 33
USE Sharpe Ratio Rank: 37
USE Sortino Ratio Rank: 38
USE Omega Ratio Rank: 35
USE Calmar Ratio Rank: 32
USE Martin Ratio Rank: 24

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. USE - 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 USCF Energy Commodity Strategy Absolute Return Fund (USE). 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.

	GDMN	USE	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.32	-0.06
Sortino ratio: Return per unit of downside risk	1.68	1.94	-0.26
Omega ratio: Gain probability vs. loss probability	1.25	1.23	+0.01
Calmar ratio: Return relative to maximum drawdown	1.98	1.58	+0.40
Martin ratio: Return relative to average drawdown	4.68	3.10	+1.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GDMN vs. USE - Sharpe Ratio Comparison

The current GDMN Sharpe Ratio is 1.26, which is comparable to the USE Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of GDMN and USE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GDMN	USE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	1.32	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.70	+0.10

Drawdowns

GDMN vs. USE - Drawdown Comparison

The maximum GDMN drawdown since its inception was -52.82%, which is greater than USE's maximum drawdown of -26.24%. Use the drawdown chart below to compare losses from any high point for GDMN and USE.

Drawdown Indicators

	GDMN	USE	Difference
Max Drawdown Largest peak-to-trough decline	-52.82%	-26.24%	-26.58%
Max Drawdown (1Y) Largest decline over 1 year	-39.03%	-26.24%	-12.79%
Max Drawdown (3Y) Largest decline over 3 years	-39.03%	-26.24%	-12.79%
Current Drawdown Current decline from peak	-37.06%	-4.44%	-32.62%
Average Drawdown Average peak-to-trough decline	-18.89%	-7.96%	-10.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.51%	13.32%	+3.19%

Volatility

GDMN vs. USE - Volatility Comparison

WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a higher volatility of 17.94% compared to USCF Energy Commodity Strategy Absolute Return Fund (USE) at 11.11%. This indicates that GDMN's price experiences larger fluctuations and is considered to be riskier than USE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDMN	USE	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.94%	11.11%	+6.83%
Volatility (6M) Calculated over the trailing 6-month period	51.79%	25.86%	+25.93%
Volatility (1Y) Calculated over the trailing 1-year period	61.32%	31.46%	+29.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.59%	27.06%	+20.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.59%	27.06%	+20.53%

GDMN vs. USE - Expense Ratio Comparison

GDMN has a 0.45% expense ratio, which is lower than USE's 0.79% expense ratio.

Dividends

GDMN vs. USE - Dividend Comparison

GDMN's dividend yield for the trailing twelve months is around 2.82%, more than USE's 2.06% yield.

Position	TTM	2025	2024	2023	2022
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	2.82%	2.70%	9.44%	7.69%	1.44%
USE USCF Energy Commodity Strategy Absolute Return Fund	2.06%	3.06%	38.65%	4.83%	0.00%

Frequently Asked Questions

Can I hold both GDMN and USE in my portfolio?

GDMN and USE have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDMN or USE?

GDMN has higher volatility (17.94%) compared to USE (11.11%). In terms of maximum drawdown, GDMN dropped -52.82% vs USE's -26.24%.

Which ETF is better, GDMN or USE?

On 3-year performance, GDMN leads with 60.95% vs 17.85% for USE. On fees, GDMN is cheaper at 0.45% per year. On volatility, USE has been the lower-risk option at 11.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDMN or USE?

Over the 3-year period, GDMN has performed better with a 60.95% return vs 17.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDMN or USE?

GDMN is cheaper with a 0.45% expense ratio, compared with 0.79% for USE.

Which ETF pays a higher dividend yield, GDMN or USE?

GDMN has the higher dividend yield at 2.82%, compared with 2.06% for USE.

What is the main difference between GDMN and USE?

They also come from different issuers: WisdomTree and USCF. Their fees differ too: 0.45% for GDMN and 0.79% for USE.

Which has better risk-adjusted returns?

USE currently has the higher Sharpe Ratio (1.32 vs 1.26), 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.