GMF vs. GDE
GMF (SPDR S&P Emerging Asia Pacific ETF) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - GMF is a Asia Pacific Equities fund tracking the S&P Asia Pacific Emerging BMI Index, while GDE is a Gold fund actively managed by WisdomTree. GMF is passively managed, while GDE is actively managed. Over the past 3 years, GMF returned 19.48%/yr vs 47.08%/yr for GDE. A 0.54 correlation means they provide meaningful diversification when combined. GMF charges 0.49%/yr vs 0.20%/yr for GDE.
Performance
GMF vs. GDE - Performance Comparison
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Returns By Period
In the year-to-date period, GMF achieves a 13.96% return, which is significantly higher than GDE's 11.25% return.
GMF
- 1D
- 0.29%
- 1M
- 4.32%
- YTD
- 13.96%
- 6M
- 14.78%
- 1Y
- 31.46%
- 3Y*
- 19.48%
- 5Y*
- 5.49%
- 10Y*
- 10.11%
GDE
- 1D
- 1.33%
- 1M
- 2.08%
- YTD
- 11.25%
- 6M
- 13.51%
- 1Y
- 54.50%
- 3Y*
- 47.08%
- 5Y*
- —
- 10Y*
- —
GMF vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GMF SPDR S&P Emerging Asia Pacific ETF | 13.96% | 21.99% | 16.55% | 8.20% | -10.75% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 11.25% | 73.76% | 44.79% | 33.85% | -18.67% |
Correlation
The correlation between GMF and GDE is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.54 |
The correlation between GMF and GDE has been stable across timeframes, ranging from 0.51 to 0.54 - a consistent structural relationship.
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Return for Risk
GMF vs. GDE — Risk / Return Rank
GMF
GDE
GMF vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Emerging Asia Pacific ETF (GMF) 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.
| GMF | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.35 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.42 | +0.09 |
| Martin ratioReturn relative to average drawdown | 9.27 | 7.50 | +1.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GMF | GDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 1.93 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 1.17 | -0.87 |
Drawdowns
GMF vs. GDE - Drawdown Comparison
The maximum GMF drawdown since its inception was -67.18%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for GMF and GDE.
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Drawdown Indicators
| GMF | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.18% | -32.01% | -35.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.62% | -22.66% | +10.04% |
Max Drawdown (3Y)Largest decline over 3 years | -21.43% | -22.66% | +1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -35.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.18% | — | — |
Current DrawdownCurrent decline from peak | -1.01% | -9.99% | +8.98% |
Average DrawdownAverage peak-to-trough decline | -16.59% | -7.89% | -8.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 7.29% | -3.89% |
Volatility
GMF vs. GDE - Volatility Comparison
The current volatility for SPDR S&P Emerging Asia Pacific ETF (GMF) is 6.11%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 6.68%. This indicates that GMF experiences smaller price fluctuations and is considered to be less risky than GDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMF | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 6.68% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 13.65% | 24.27% | -10.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.50% | 28.41% | -11.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.52% | 26.12% | -7.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.19% | 26.12% | -6.93% |
GMF vs. GDE - Expense Ratio Comparison
GMF has a 0.49% expense ratio, which is higher than GDE's 0.20% expense ratio.
Dividends
GMF vs. GDE - Dividend Comparison
GMF's dividend yield for the trailing twelve months is around 1.31%, less than GDE's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 3.88% | 4.32% | 7.14% | 2.22% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GMF SPDR S&P Emerging Asia Pacific ETF | 1.31% | 1.49% | 1.92% | 2.75% | 2.54% | 2.71% | 1.32% | 1.75% | 2.26% | 1.70% | 2.49% | 3.76% |
Frequently Asked Questions
GMF and GDE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDE has higher volatility (6.68%) compared to GMF (6.11%). In terms of maximum drawdown, GMF dropped -67.18% vs GDE's -32.01%.
On 3-year performance, GDE leads with 47.08% vs 19.48% for GMF. On fees, GDE is cheaper at 0.20% per year. On volatility, GMF has been the lower-risk option at 6.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GDE has performed better with a 47.08% return vs 19.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDE is cheaper with a 0.20% expense ratio, compared with 0.49% for GMF.
GDE has the higher dividend yield at 3.88%, compared with 1.31% for GMF.
GMF is categorized as Asia Pacific Equities, while GDE is Gold. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.49% for GMF and 0.20% for GDE.
GDE currently has the higher Sharpe Ratio (1.93 vs 1.92), 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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