GDT vs. ELM

Last updated Jun 4, 2026

GDT (WisdomTree Efficient TIPS Plus Gold Fund) and ELM (Elm Market Navigator ETF) are both Tactical Allocation funds. Both are actively managed. At a 0.47 correlation, their price movements are largely independent. GDT charges 0.30%/yr vs 0.24%/yr for ELM.

Performance

GDT vs. ELM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Efficient TIPS Plus Gold Fund (GDT) and Elm Market Navigator ETF (ELM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GDT

• 1D: -0.85%
• 1M: -1.71%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ELM

• 1D: -0.58%
• 1M: 2.88%
• YTD: 7.56%
• 6M: 8.51%
• 1Y: 19.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GDT vs. ELM - Yearly Performance Comparison

	2026 (YTD)
GDT WisdomTree Efficient TIPS Plus Gold Fund	-8.05%
ELM Elm Market Navigator ETF	4.92%

Correlation

The correlation between GDT and ELM is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 23, 2026	0.47

Return for Risk

GDT vs. ELM — Risk / Return Rank

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

ELM

ELM Risk / Return Rank: 63
ELM Sharpe Ratio Rank: 64
ELM Sortino Ratio Rank: 66
ELM Omega Ratio Rank: 67
ELM Calmar Ratio Rank: 54
ELM Martin Ratio Rank: 62

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.

GDT vs. ELM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient TIPS Plus Gold Fund (GDT) and Elm Market Navigator ETF (ELM). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GDT	ELM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.63	1.49	-2.12

Drawdowns

GDT vs. ELM - Drawdown Comparison

The maximum GDT drawdown since its inception was -18.06%, which is greater than ELM's maximum drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for GDT and ELM.

Drawdown Indicators

	GDT	ELM	Difference
Max Drawdown Largest peak-to-trough decline	-18.06%	-9.02%	-9.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.52%	—
Current Drawdown Current decline from peak	-16.07%	-0.58%	-15.49%
Average Drawdown Average peak-to-trough decline	-9.90%	-1.32%	-8.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.81%	—

Volatility

Volatility by Period

	GDT	ELM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	33.36%	9.38%	+23.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.36%	10.27%	+23.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.36%	10.27%	+23.09%

GDT vs. ELM - Expense Ratio Comparison

GDT has a 0.30% expense ratio, which is higher than ELM's 0.24% expense ratio.

Dividends

GDT vs. ELM - Dividend Comparison

GDT's dividend yield for the trailing twelve months is around 1.77%, less than ELM's 2.52% yield.

Position	TTM	2025
ELM Elm Market Navigator ETF	2.52%	2.71%
GDT WisdomTree Efficient TIPS Plus Gold Fund	1.77%	0.00%

Frequently Asked Questions

Can I hold both GDT and ELM in my portfolio?

GDT and ELM have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GDT or ELM?

On fees, ELM is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GDT or ELM?

ELM is cheaper with a 0.24% expense ratio, compared with 0.30% for GDT.

Which ETF pays a higher dividend yield, GDT or ELM?

ELM has the higher dividend yield at 2.52%, compared with 1.77% for GDT.

What is the main difference between GDT and ELM?

They also come from different issuers: WisdomTree and Elm. Their fees differ too: 0.30% for GDT and 0.24% for ELM.