GOLY vs. GDE
GOLY (Strategy Shares Gold Enhanced Yield ETF) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - GOLY is a Nontraditional Bonds fund actively managed by Strategy Shares, while GDE is a Gold fund actively managed by WisdomTree. Both are actively managed. Over the past 3 years, GOLY returned 14.14%/yr vs 38.84%/yr for GDE. Their 0.66 correlation means they have sometimes moved together and sometimes differently. GOLY charges 0.79%/yr vs 0.20%/yr for GDE.
Performance
GOLY vs. GDE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GOLY achieves a -26.54% return, which is significantly lower than GDE's -0.84% return.
GOLY
- 1D
- -0.68%
- 1M
- -2.80%
- 6M
- -24.07%
- YTD
- -26.54%
- 1Y
- -9.02%
- 3Y*
- 14.14%
- 5Y*
- 4.37%
- 10Y*
- —
- ALL TIME*
- 4.18%
GDE
- 1D
- -0.71%
- 1M
- -1.55%
- 6M
- -11.26%
- YTD
- -0.84%
- 1Y
- 33.38%
- 3Y*
- 38.84%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 29.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.75M | $8.80M | $9.79M | |
| $645.25K | $545.45K | $1.00M |
GOLY vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GOLY Strategy Shares Gold Enhanced Yield ETF | -26.54% | 57.98% | 19.82% | 12.74% | -16.54% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | -0.84% | 73.76% | 44.79% | 33.85% | -8.58% |
Correlation
The correlation between GOLY and GDE is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.66 |
The correlation between GOLY and GDE shifts across timeframes, from 0.66 (all time) to 0.79 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GOLY vs. GDE — Risk / Return Rank
GOLY
GDE
GOLY vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold Enhanced Yield ETF (GOLY) 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.
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.
| GOLY | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.21 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 1.49 | -1.64 |
| Martin ratioReturn relative to average drawdown | -0.30 | 3.27 | -3.57 |
Loading charts...
Drawdowns
GOLY vs. GDE - Drawdown Comparison
The maximum GOLY drawdown since its inception was -37.99%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for GOLY and GDE.
Loading charts...
Drawdown Indicators
| GOLY | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.99% | -32.01% | -5.98% |
Max Drawdown (1Y)Largest decline over 1 year | -37.99% | -22.66% | -15.33% |
Max Drawdown (3Y)Largest decline over 3 years | -37.99% | -22.66% | -15.33% |
Max Drawdown (5Y)Largest decline over 5 years | -37.99% | — | — |
Current DrawdownCurrent decline from peak | -36.62% | -19.77% | -16.85% |
Average DrawdownAverage peak-to-trough decline | -12.56% | -8.25% | -4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.14% | 10.30% | +8.84% |
Volatility
GOLY vs. GDE - Volatility Comparison
The current volatility for Strategy Shares Gold Enhanced Yield ETF (GOLY) is 6.91%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 7.99%. This indicates that GOLY 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.
Loading charts...
Volatility by Period
| GOLY | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 7.99% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 30.03% | 26.11% | +3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.02% | 31.06% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.76% | 27.12% | -4.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.43% | 27.12% | -4.69% |
GOLY vs. GDE - Expense Ratio Comparison
GOLY has a 0.79% expense ratio, which is higher than GDE's 0.20% expense ratio.
Dividends
GOLY vs. GDE - Dividend Comparison
GOLY's dividend yield for the trailing twelve months is around 9.40%, more than GDE's 4.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.36% | 4.32% | 7.14% | 2.22% | 0.81% | 0.00% |
GOLY Strategy Shares Gold Enhanced Yield ETF | 9.40% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% |
Frequently Asked Questions
GOLY and GDE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDE has higher volatility (7.99%) compared to GOLY (6.91%). In terms of maximum drawdown, GOLY dropped -37.99% vs GDE's -32.01%.
On 3-year performance, GDE leads with 38.84% vs 14.14% for GOLY. On fees, GDE is cheaper at 0.20% per year. On volatility, GOLY has been the lower-risk option at 6.91%. 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 38.84% return vs 14.14%. 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 0.79% for GOLY.
GOLY has the higher dividend yield at 9.40%, compared with 4.36% for GDE.
GOLY is categorized as Nontraditional Bonds, while GDE is Gold. They also come from different issuers: Strategy Shares and WisdomTree. Their fees differ too: 0.79% for GOLY and 0.20% for GDE.
GDE currently has the higher Sharpe Ratio (1.09 vs -0.17), 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.
Find the right allocation for GOLY and GDE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer