HFGM vs. GDE

Last updated Apr 3, 2026

Compare and contrast key facts about Unlimited HFGM Global Macro ETF (HFGM) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE).

HFGM and GDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HFGM is an actively managed fund by Unlimited. It was launched on Apr 14, 2025. GDE is an actively managed fund by WisdomTree. It was launched on Mar 15, 2022.

Performance

HFGM vs. GDE - Performance Comparison

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

HFGM vs. GDE - Yearly Performance Comparison

	2026 (YTD)	2025
HFGM Unlimited HFGM Global Macro ETF	11.82%	26.63%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	2.45%	58.08%

Returns By Period

In the year-to-date period, HFGM achieves a 11.82% return, which is significantly higher than GDE's 2.45% return.

HFGM

• 1D: -0.83%
• 1M: -1.94%
• YTD: 11.82%
• 6M: 12.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDE

• 1D: -1.24%
• 1M: -10.19%
• YTD: 2.45%
• 6M: 14.49%
• 1Y: 59.03%
• 3Y*: 43.74%
• 5Y*: —
• 10Y*: —

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

HFGM vs. GDE - Expense Ratio Comparison

HFGM has a 0.95% expense ratio, which is higher than GDE's 0.20% expense ratio.

HFGM

Unlimited HFGM Global Macro ETF

GDE

WisdomTree Efficient Gold Plus Equity Strategy Fund

Return for Risk

HFGM 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: 83
GDE Sharpe Ratio Rank: 86
GDE Sortino Ratio Rank: 84
GDE Omega Ratio Rank: 84
GDE Calmar Ratio Rank: 81
GDE Martin Ratio Rank: 82

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.

HFGM vs. GDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Unlimited HFGM Global Macro ETF (HFGM) 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

	HFGM	GDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.90	1.12	+0.78

Correlation

The correlation between HFGM and GDE is 0.68, 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

HFGM vs. GDE - Dividend Comparison

HFGM's dividend yield for the trailing twelve months is around 10.05%, more than GDE's 4.22% yield.

	TTM	2025	2024	2023	2022
HFGM Unlimited HFGM Global Macro ETF	10.05%	11.23%	0.00%	0.00%	0.00%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	4.22%	4.32%	7.14%	2.22%	0.81%

Drawdowns

HFGM vs. GDE - Drawdown Comparison

The maximum HFGM drawdown since its inception was -10.66%, smaller than the maximum GDE drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for HFGM and GDE.

Drawdown Indicators

	HFGM	GDE	Difference
Max Drawdown Largest peak-to-trough decline	-10.66%	-32.01%	+21.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-22.66%	—
Current Drawdown Current decline from peak	-7.86%	-17.11%	+9.25%
Average Drawdown Average peak-to-trough decline	-2.36%	-7.76%	+5.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.93%	—

Volatility

Volatility by Period

	HFGM	GDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.02%	32.28%	-9.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.02%	26.18%	-3.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.02%	26.18%	-3.16%