GWRE vs. GDE
GWRE (Guidewire Software, Inc.) is a stock, while GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) is Gold fund actively managed by WisdomTree. Over the past 3 years, GWRE returned 21.17%/yr vs 39.54%/yr for GDE. At a 0.40 correlation, their price movements are largely independent.
Performance
GWRE vs. GDE - Performance Comparison
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Returns By Period
In the year-to-date period, GWRE achieves a -30.20% return, which is significantly lower than GDE's -1.12% return.
GWRE
- 1D
- 3.07%
- 1M
- 14.48%
- 6M
- -22.45%
- YTD
- -30.20%
- 1Y
- -36.27%
- 3Y*
- 21.17%
- 5Y*
- 5.22%
- 10Y*
- 8.35%
GDE
- 1D
- -3.15%
- 1M
- -4.15%
- 6M
- -7.79%
- YTD
- -1.12%
- 1Y
- 32.65%
- 3Y*
- 39.54%
- 5Y*
- —
- 10Y*
- —
GWRE vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GWRE Guidewire Software, Inc. | -30.20% | 19.24% | 54.60% | 74.30% | -28.45% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | -1.12% | 73.76% | 44.79% | 33.85% | -8.58% |
Correlation
The correlation between GWRE and GDE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.40 |
Over the past year, the correlation between GWRE and GDE has dropped to 0.15 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
GWRE vs. GDE — Risk / Return Rank
GWRE
GDE
GWRE vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guidewire Software, Inc. (GWRE) 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.
| GWRE | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.21 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 1.45 | -2.05 |
| Martin ratioReturn relative to average drawdown | -1.05 | 3.55 | -4.60 |
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Drawdowns
GWRE vs. GDE - Drawdown Comparison
The maximum GWRE drawdown since its inception was -60.79%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for GWRE and GDE.
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Drawdown Indicators
| GWRE | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.79% | -32.01% | -28.78% |
Max Drawdown (1Y)Largest decline over 1 year | -60.79% | -22.66% | -38.13% |
Max Drawdown (3Y)Largest decline over 3 years | -60.79% | -22.66% | -38.13% |
Max Drawdown (5Y)Largest decline over 5 years | -60.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -60.79% | — | — |
Current DrawdownCurrent decline from peak | -46.42% | -20.00% | -26.42% |
Average DrawdownAverage peak-to-trough decline | -15.84% | -8.11% | -7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.48% | 9.22% | +25.26% |
Volatility
GWRE vs. GDE - Volatility Comparison
Guidewire Software, Inc. (GWRE) has a higher volatility of 16.85% compared to WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) at 9.33%. This indicates that GWRE's price experiences larger fluctuations and is considered to be riskier 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
| GWRE | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.85% | 9.33% | +7.52% |
Volatility (6M)Calculated over the trailing 6-month period | 45.23% | 26.26% | +18.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.98% | 30.73% | +22.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.14% | 27.13% | +13.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.02% | 27.13% | +8.89% |
Dividends
GWRE vs. GDE - Dividend Comparison
GWRE has not paid dividends to shareholders, while GDE's dividend yield for the trailing twelve months is around 4.37%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.37% | 4.32% | 7.14% | 2.22% | 0.81% |
GWRE Guidewire Software, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GWRE and GDE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GWRE has higher volatility (16.85%) compared to GDE (9.33%). In terms of maximum drawdown, GWRE dropped -60.79% vs GDE's -32.01%.
GDE currently has the higher Sharpe Ratio (1.07 vs -0.69), 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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