GOLY vs. GDMN
GOLY (Strategy Shares Gold-Hedged Bond ETF) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - GOLY is a Nontraditional Bonds fund tracking the Solactive Gold-Backed Bond Index, while GDMN is a Commodities fund actively managed by WisdomTree. GOLY is passively managed, while GDMN is actively managed. Over the past 3 years, GOLY returned 16.55%/yr vs 59.33%/yr for GDMN. A 0.78 correlation means they provide meaningful diversification when combined. GOLY charges 0.79%/yr vs 0.45%/yr for GDMN.
Performance
GOLY vs. GDMN - Performance Comparison
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Returns By Period
In the year-to-date period, GOLY achieves a -20.76% return, which is significantly lower than GDMN's -7.24% return.
GOLY
- 1D
- 2.90%
- 1M
- -4.38%
- YTD
- -20.76%
- 6M
- -20.23%
- 1Y
- -1.82%
- 3Y*
- 16.55%
- 5Y*
- 5.95%
- 10Y*
- —
GDMN
- 1D
- 7.58%
- 1M
- -7.37%
- YTD
- -7.24%
- 6M
- -6.40%
- 1Y
- 63.42%
- 3Y*
- 59.33%
- 5Y*
- —
- 10Y*
- —
GOLY vs. GDMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | -20.76% | 57.98% | 19.82% | 12.74% | -19.96% | 2.93% |
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | -7.24% | 237.09% | 28.23% | 12.97% | -14.62% | 6.93% |
Correlation
The correlation between GOLY and GDMN is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021 | 0.78 |
The correlation between GOLY and GDMN has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.
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Return for Risk
GOLY vs. GDMN — Risk / Return Rank
GOLY
GDMN
GOLY vs. GDMN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GOLY) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN). 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 | GDMN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.21 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.31 | -1.36 |
| Martin ratioReturn relative to average drawdown | -0.13 | 3.52 | -3.65 |
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Drawdowns
GOLY vs. GDMN - Drawdown Comparison
The maximum GOLY drawdown since its inception was -36.08%, smaller than the maximum GDMN drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for GOLY and GDMN.
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Drawdown Indicators
| GOLY | GDMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.08% | -52.82% | +16.74% |
Max Drawdown (1Y)Largest decline over 1 year | -36.08% | -48.76% | +12.68% |
Max Drawdown (3Y)Largest decline over 3 years | -36.08% | -48.76% | +12.68% |
Max Drawdown (5Y)Largest decline over 5 years | -36.08% | — | — |
Current DrawdownCurrent decline from peak | -31.62% | -39.10% | +7.48% |
Average DrawdownAverage peak-to-trough decline | -11.98% | -19.04% | +7.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.24% | 18.18% | -3.94% |
Volatility
GOLY vs. GDMN - Volatility Comparison
The current volatility for Strategy Shares Gold-Hedged Bond ETF (GOLY) is 9.83%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 23.53%. This indicates that GOLY experiences smaller price fluctuations and is considered to be less risky than GDMN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOLY | GDMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.83% | 23.53% | -13.70% |
Volatility (6M)Calculated over the trailing 6-month period | 30.46% | 54.66% | -24.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.73% | 63.80% | -30.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.57% | 48.17% | -25.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.41% | 48.17% | -25.76% |
GOLY vs. GDMN - Expense Ratio Comparison
GOLY has a 0.79% expense ratio, which is higher than GDMN's 0.45% expense ratio.
Dividends
GOLY vs. GDMN - Dividend Comparison
GOLY's dividend yield for the trailing twelve months is around 9.29%, more than GDMN's 2.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 2.91% | 2.70% | 9.44% | 7.69% | 1.44% | 0.00% |
GOLY Strategy Shares Gold-Hedged Bond ETF | 9.29% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% |
Frequently Asked Questions
GOLY and GDMN have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDMN has higher volatility (23.53%) compared to GOLY (9.83%). In terms of maximum drawdown, GOLY dropped -36.08% vs GDMN's -52.82%.
On 3-year performance, GDMN leads with 59.33% vs 16.55% for GOLY. On fees, GDMN is cheaper at 0.45% per year. On volatility, GOLY has been the lower-risk option at 9.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GDMN has performed better with a 59.33% return vs 16.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDMN is cheaper with a 0.45% expense ratio, compared with 0.79% for GOLY.
GOLY has the higher dividend yield at 9.29%, compared with 2.91% for GDMN.
GOLY is categorized as Nontraditional Bonds, while GDMN is Commodities. They also come from different issuers: Strategy Shares and WisdomTree. Their fees differ too: 0.79% for GOLY and 0.45% for GDMN.
GDMN currently has the higher Sharpe Ratio (1.00 vs -0.05), 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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