GDMN vs. XGD.TO

Last updated Jun 13, 2026

GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) and XGD.TO (iShares S&P/TSX Global Gold Index ETF) are both exchange-traded funds - GDMN is a Commodities fund actively managed by WisdomTree, while XGD.TO is a Precious Metals fund tracking the S&P/TSX Global Gold Index. GDMN is actively managed, while XGD.TO is passively managed. Over the past 3 years, GDMN returned 56.30%/yr vs 39.72%/yr for XGD.TO. Their correlation of 0.89 suggests significant overlap in exposure. GDMN charges 0.45%/yr vs 0.61%/yr for XGD.TO.

Performance

GDMN vs. XGD.TO - 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 iShares S&P/TSX Global Gold Index ETF (XGD.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GDMN is traded in USD, while XGD.TO is traded in CAD. To make them comparable, the XGD.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GDMN achieves a -13.77% return, which is significantly lower than XGD.TO's -4.25% return.

GDMN

• 1D: 2.11%
• 1M: -23.27%
• YTD: -13.77%
• 6M: -13.73%
• 1Y: 56.55%
• 3Y*: 56.30%
• 5Y*: —
• 10Y*: —

XGD.TO

• 1D: 2.69%
• 1M: -16.52%
• YTD: -4.25%
• 6M: -3.04%
• 1Y: 55.75%
• 3Y*: 39.72%
• 5Y*: 17.61%
• 10Y*: 13.23%

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

GDMN vs. XGD.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	-13.77%	237.09%	28.23%	12.97%	-14.62%	6.93%
XGD.TO iShares S&P/TSX Global Gold Index ETF	-4.25%	156.14%	10.29%	6.44%	-8.90%	9.24%

Correlation

The correlation between GDMN and XGD.TO is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021	0.89

The correlation between GDMN and XGD.TO has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

GDMN vs. XGD.TO - Sectors Allocation Comparison

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

Return for Risk

GDMN vs. XGD.TO — Risk / Return Rank

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

GDMN

GDMN Risk / Return Rank: 29
GDMN Sharpe Ratio Rank: 28
GDMN Sortino Ratio Rank: 28
GDMN Omega Ratio Rank: 33
GDMN Calmar Ratio Rank: 27
GDMN Martin Ratio Rank: 26

XGD.TO

XGD.TO Risk / Return Rank: 40
XGD.TO Sharpe Ratio Rank: 43
XGD.TO Sortino Ratio Rank: 38
XGD.TO Omega Ratio Rank: 43
XGD.TO Calmar Ratio Rank: 41
XGD.TO Martin Ratio Rank: 36

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. XGD.TO - 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 iShares S&P/TSX Global Gold Index ETF (XGD.TO). 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	XGD.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.90	1.26	-0.36
Sortino ratio: Return per unit of downside risk	1.38	1.67	-0.30
Omega ratio: Gain probability vs. loss probability	1.20	1.24	-0.04
Calmar ratio: Return relative to maximum drawdown	1.17	1.63	-0.46
Martin ratio: Return relative to average drawdown	3.15	4.60	-1.45

GDMN vs. XGD.TO - Sharpe Ratio Comparison

The current GDMN Sharpe Ratio is 0.90, which is comparable to the XGD.TO Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of GDMN and XGD.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GDMN vs. XGD.TO - Drawdown Comparison

The maximum GDMN drawdown since its inception was -52.82%, smaller than the maximum XGD.TO drawdown of -80.30%. Use the drawdown chart below to compare losses from any high point for GDMN and XGD.TO.

Drawdown Indicators

	GDMN	XGD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-52.82%	-80.30%	+27.48%
Max Drawdown (1Y) Largest decline over 1 year	-48.76%	-34.40%	-14.36%
Max Drawdown (3Y) Largest decline over 3 years	-48.76%	-34.40%	-14.36%
Max Drawdown (5Y) Largest decline over 5 years	—	-44.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.12%	—
Current Drawdown Current decline from peak	-43.39%	-29.21%	-14.18%
Average Drawdown Average peak-to-trough decline	-19.02%	-40.83%	+21.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.01%	12.14%	+5.87%

Volatility

GDMN vs. XGD.TO - Volatility Comparison

WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a higher volatility of 21.98% compared to iShares S&P/TSX Global Gold Index ETF (XGD.TO) at 16.16%. This indicates that GDMN's price experiences larger fluctuations and is considered to be riskier than XGD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDMN	XGD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.98%	16.16%	+5.82%
Volatility (6M) Calculated over the trailing 6-month period	54.30%	36.18%	+18.12%
Volatility (1Y) Calculated over the trailing 1-year period	63.44%	44.61%	+18.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.07%	33.65%	+14.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.07%	34.19%	+13.88%

GDMN vs. XGD.TO - Expense Ratio Comparison

GDMN has a 0.45% expense ratio, which is lower than XGD.TO's 0.61% expense ratio.

Dividends

GDMN vs. XGD.TO - Dividend Comparison

GDMN's dividend yield for the trailing twelve months is around 3.13%, more than XGD.TO's 0.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	3.13%	2.70%	9.44%	7.69%	1.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XGD.TO iShares S&P/TSX Global Gold Index ETF	0.64%	0.62%	0.93%	1.49%	1.77%	1.38%	0.35%	0.54%	0.25%	0.14%	0.10%	0.57%

Frequently Asked Questions

Can I hold both GDMN and XGD.TO in my portfolio?

With a correlation of 0.90, GDMN and XGD.TO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GDMN or XGD.TO?

On fees, GDMN is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GDMN or XGD.TO?

GDMN is cheaper with a 0.45% expense ratio, compared with 0.61% for XGD.TO.

What is the main difference between GDMN and XGD.TO?

GDMN is categorized as Commodities, while XGD.TO is Precious Metals. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.45% for GDMN and 0.61% for XGD.TO.