IAUM vs. GDMN
IAUM (iShares Gold Trust Micro) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - IAUM is a Gold fund tracking the LBMA Gold Price PM, while GDMN is a Commodities fund actively managed by WisdomTree. IAUM is passively managed, while GDMN is actively managed. Over the past 3 years, IAUM returned 27.83%/yr vs 53.36%/yr for GDMN. Their correlation of 0.90 suggests significant overlap in exposure. IAUM charges 0.09%/yr vs 0.45%/yr for GDMN.
Performance
IAUM vs. GDMN - Performance Comparison
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Returns By Period
In the year-to-date period, IAUM achieves a -6.65% return, which is significantly higher than GDMN's -21.74% return.
IAUM
- 1D
- 1.01%
- 1M
- -10.66%
- YTD
- -6.65%
- 6M
- -10.14%
- 1Y
- 20.69%
- 3Y*
- 27.83%
- 5Y*
- —
- 10Y*
- —
GDMN
- 1D
- 2.18%
- 1M
- -22.46%
- YTD
- -21.74%
- 6M
- -27.72%
- 1Y
- 48.92%
- 3Y*
- 53.36%
- 5Y*
- —
- 10Y*
- —
IAUM vs. GDMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | -6.65% | 64.27% | 27.04% | 13.12% | -0.49% | 2.92% |
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | -21.74% | 237.09% | 28.23% | 12.97% | -14.62% | 6.93% |
Correlation
The correlation between IAUM and GDMN is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021 | 0.90 |
The correlation between IAUM and GDMN has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.
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Return for Risk
IAUM vs. GDMN — Risk / Return Rank
IAUM
GDMN
IAUM vs. GDMN - 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 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.
| IAUM | GDMN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.18 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 0.99 | -0.19 |
| Martin ratioReturn relative to average drawdown | 2.22 | 2.52 | -0.30 |
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Drawdowns
IAUM vs. GDMN - Drawdown Comparison
The maximum IAUM drawdown since its inception was -26.14%, smaller than the maximum GDMN drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for IAUM and GDMN.
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Drawdown Indicators
| IAUM | GDMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.14% | -52.82% | +26.68% |
Max Drawdown (1Y)Largest decline over 1 year | -26.14% | -49.72% | +23.58% |
Max Drawdown (3Y)Largest decline over 3 years | -26.14% | -49.72% | +23.58% |
Current DrawdownCurrent decline from peak | -25.40% | -48.62% | +23.22% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -19.19% | +13.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.34% | 19.48% | -10.14% |
Volatility
IAUM vs. GDMN - Volatility Comparison
The current volatility for iShares Gold Trust Micro (IAUM) is 8.67%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 22.75%. This indicates that IAUM 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
| IAUM | GDMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.67% | 22.75% | -14.08% |
Volatility (6M)Calculated over the trailing 6-month period | 24.21% | 55.39% | -31.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.41% | 64.36% | -36.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 48.30% | -30.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.15% | 48.30% | -30.15% |
IAUM vs. GDMN - Expense Ratio Comparison
IAUM has a 0.09% expense ratio, which is lower than GDMN's 0.45% expense ratio.
Dividends
IAUM vs. GDMN - Dividend Comparison
IAUM has not paid dividends to shareholders, while GDMN's dividend yield for the trailing twelve months is around 3.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 3.45% | 2.70% | 9.44% | 7.69% | 1.44% |
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, IAUM and GDMN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GDMN has higher volatility (22.75%) compared to IAUM (8.67%). In terms of maximum drawdown, IAUM dropped -26.14% vs GDMN's -52.82%.
On 3-year performance, GDMN leads with 53.36% vs 27.83% for IAUM. On fees, IAUM is cheaper at 0.09% per year. On volatility, IAUM has been the lower-risk option at 8.67%. 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 53.36% return vs 27.83%. 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 0.45% for GDMN.
GDMN has the higher dividend yield at 3.45%, compared with 0.00% for IAUM.
IAUM is categorized as Gold, while GDMN is Commodities. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.09% for IAUM and 0.45% for GDMN.
GDMN currently has the higher Sharpe Ratio (0.76 vs 0.76), 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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