IAUM vs. GDE
IAUM (iShares Gold Trust Micro) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both Gold funds. IAUM is passively managed, while GDE is actively managed. Over the past 3 years, IAUM returned 31.59%/yr vs 47.08%/yr for GDE. A 0.73 correlation means they provide meaningful diversification when combined. IAUM charges 0.09%/yr vs 0.20%/yr for GDE.
Performance
IAUM vs. GDE - Performance Comparison
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Returns By Period
In the year-to-date period, IAUM achieves a 3.84% return, which is significantly lower than GDE's 11.25% return.
IAUM
- 1D
- 0.81%
- 1M
- -1.65%
- YTD
- 3.84%
- 6M
- 6.39%
- 1Y
- 32.66%
- 3Y*
- 31.59%
- 5Y*
- —
- 10Y*
- —
GDE
- 1D
- 1.33%
- 1M
- 2.08%
- YTD
- 11.25%
- 6M
- 13.51%
- 1Y
- 54.50%
- 3Y*
- 47.08%
- 5Y*
- —
- 10Y*
- —
IAUM vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | 3.84% | 64.27% | 27.04% | 13.12% | -5.91% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 11.25% | 73.76% | 44.79% | 33.85% | -18.67% |
Correlation
The correlation between IAUM and GDE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.73 |
The correlation between IAUM and GDE shifts across timeframes, from 0.73 (all time) to 0.86 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IAUM vs. GDE — Risk / Return Rank
IAUM
GDE
IAUM vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) 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.
| IAUM | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 2.42 | -0.70 |
| Martin ratioReturn relative to average drawdown | 4.21 | 7.50 | -3.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IAUM | GDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.93 | -0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 1.17 | 0.00 |
Drawdowns
IAUM vs. GDE - Drawdown Comparison
The maximum IAUM drawdown since its inception was -20.87%, smaller than the maximum GDE drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for IAUM and GDE.
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Drawdown Indicators
| IAUM | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.87% | -32.01% | +11.14% |
Max Drawdown (1Y)Largest decline over 1 year | -19.15% | -22.66% | +3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -19.15% | -22.66% | +3.51% |
Current DrawdownCurrent decline from peak | -17.01% | -9.99% | -7.02% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -7.89% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.78% | 7.29% | +0.49% |
Volatility
IAUM vs. GDE - Volatility Comparison
The current volatility for iShares Gold Trust Micro (IAUM) is 5.49%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 6.68%. This indicates that IAUM 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.
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Volatility by Period
| IAUM | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 6.68% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 22.90% | 24.27% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.30% | 28.41% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 26.12% | -8.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 26.12% | -8.26% |
IAUM vs. GDE - Expense Ratio Comparison
IAUM has a 0.09% expense ratio, which is lower than GDE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IAUM vs. GDE - Dividend Comparison
IAUM has not paid dividends to shareholders, while GDE's dividend yield for the trailing twelve months is around 3.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 3.88% | 4.32% | 7.14% | 2.22% | 0.81% |
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IAUM and GDE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDE has higher volatility (6.68%) compared to IAUM (5.49%). In terms of maximum drawdown, IAUM dropped -20.87% vs GDE's -32.01%.
On 3-year performance, GDE leads with 47.08% vs 31.59% for IAUM. On fees, IAUM is cheaper at 0.09% per year. On volatility, IAUM has been the lower-risk option at 5.49%. 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 47.08% return vs 31.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAUM is cheaper with a 0.09% expense ratio, compared with 0.20% for GDE.
GDE has the higher dividend yield at 3.88%, compared with 0.00% for IAUM.
They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.09% for IAUM and 0.20% for GDE.
GDE currently has the higher Sharpe Ratio (1.93 vs 1.25), 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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