GLDN vs. GDE
GLDN (Nicholas Gold Income ETF) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both Gold funds. Both are actively managed. Their correlation of 0.86 suggests significant overlap in exposure. GLDN charges 1.07%/yr vs 0.20%/yr for GDE.
Performance
GLDN vs. GDE - Performance Comparison
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Returns By Period
GLDN
- 1D
- -6.72%
- 1M
- -12.29%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDE
- 1D
- -5.84%
- 1M
- -7.30%
- YTD
- 4.75%
- 6M
- 6.10%
- 1Y
- 46.80%
- 3Y*
- 43.91%
- 5Y*
- —
- 10Y*
- —
GLDN vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GLDN Nicholas Gold Income ETF | -21.20% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | -7.03% |
Correlation
The correlation between GLDN and GDE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 19, 2026 | 0.86 |
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Return for Risk
GLDN vs. GDE — Risk / Return Rank
GLDN
GDE
GLDN vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Gold Income ETF (GLDN) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). 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.
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Sharpe Ratios by Period
| GLDN | GDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.33 | 1.09 | -2.41 |
Drawdowns
GLDN vs. GDE - Drawdown Comparison
The maximum GLDN drawdown since its inception was -28.04%, smaller than the maximum GDE drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for GLDN and GDE.
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Drawdown Indicators
| GLDN | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.04% | -32.01% | +3.97% |
Max Drawdown (1Y)Largest decline over 1 year | — | -22.66% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.66% | — |
Current DrawdownCurrent decline from peak | -28.04% | -15.24% | -12.80% |
Average DrawdownAverage peak-to-trough decline | -15.70% | -7.89% | -7.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.35% | — |
Volatility
GLDN vs. GDE - Volatility Comparison
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Volatility by Period
| GLDN | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.15% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 25.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.85% | 29.04% | +12.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.85% | 26.27% | +15.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.85% | 26.27% | +15.58% |
GLDN vs. GDE - Expense Ratio Comparison
GLDN has a 1.07% expense ratio, which is higher than GDE's 0.20% expense ratio.
Dividends
GLDN vs. GDE - Dividend Comparison
GLDN's dividend yield for the trailing twelve months is around 4.42%, more than GDE's 4.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.12% | 4.32% | 7.14% | 2.22% | 0.81% |
GLDN Nicholas Gold Income ETF | 4.42% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLDN and GDE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GDE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GDE is cheaper with a 0.20% expense ratio, compared with 1.07% for GLDN.
GLDN has the higher dividend yield at 4.42%, compared with 4.12% for GDE.
They also come from different issuers: Nicholas and WisdomTree. Their fees differ too: 1.07% for GLDN and 0.20% for GDE.
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