HEFT vs. GDE

Last updated Apr 2, 2026

Compare and contrast key facts about Hedgeye Fourth Turning ETF (HEFT) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE).

HEFT and GDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEFT is an actively managed fund by Hedgeye. It was launched on Nov 20, 2025. GDE is an actively managed fund by WisdomTree. It was launched on Mar 15, 2022.

Performance

HEFT vs. GDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hedgeye Fourth Turning ETF (HEFT) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). The values are adjusted to include any dividend payments, if applicable.

HEFT vs. GDE - Yearly Performance Comparison

	2026 (YTD)	2025
HEFT Hedgeye Fourth Turning ETF	5.26%	0.98%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	3.73%	8.95%

Returns By Period

In the year-to-date period, HEFT achieves a 5.26% return, which is significantly higher than GDE's 3.73% return.

HEFT

• 1D: -0.04%
• 1M: -3.48%
• YTD: 5.26%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDE

• 1D: 1.62%
• 1M: -13.97%
• YTD: 3.73%
• 6M: 15.80%
• 1Y: 62.68%
• 3Y*: 44.97%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HEFT vs. GDE - Expense Ratio Comparison

HEFT has a 0.70% expense ratio, which is higher than GDE's 0.20% expense ratio.

HEFT

Hedgeye Fourth Turning ETF

GDE

WisdomTree Efficient Gold Plus Equity Strategy Fund

Return for Risk

HEFT vs. GDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GDE

GDE Risk / Return Rank: 88
GDE Sharpe Ratio Rank: 89
GDE Sortino Ratio Rank: 88
GDE Omega Ratio Rank: 88
GDE Calmar Ratio Rank: 87
GDE Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HEFT vs. GDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hedgeye Fourth Turning ETF (HEFT) 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.

Sharpe Ratios by Period

	HEFT	GDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.95	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	1.13	+0.30

Correlation

The correlation between HEFT and GDE is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

HEFT vs. GDE - Dividend Comparison

HEFT's dividend yield for the trailing twelve months is around 0.02%, less than GDE's 4.16% yield.

	TTM	2025	2024	2023	2022
HEFT Hedgeye Fourth Turning ETF	0.02%	0.02%	0.00%	0.00%	0.00%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	4.16%	4.32%	7.14%	2.22%	0.81%

Drawdowns

HEFT vs. GDE - Drawdown Comparison

The maximum HEFT drawdown since its inception was -6.57%, smaller than the maximum GDE drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for HEFT and GDE.

Drawdown Indicators

	HEFT	GDE	Difference
Max Drawdown Largest peak-to-trough decline	-6.57%	-32.01%	+25.44%
Max Drawdown (1Y) Largest decline over 1 year	—	-22.66%	—
Current Drawdown Current decline from peak	-5.03%	-16.07%	+11.04%
Average Drawdown Average peak-to-trough decline	-2.00%	-7.75%	+5.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.84%	—

Volatility

Volatility by Period

	HEFT	GDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.37%	32.25%	-18.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.37%	26.19%	-12.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.37%	26.19%	-12.82%