IBIT vs. GDE
IBIT (iShares Bitcoin Trust ETF) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while GDE is a Gold fund actively managed by WisdomTree. IBIT is passively managed, while GDE is actively managed. Over the past year, IBIT returned -39.67% vs 40.98% for GDE. At a 0.31 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.20%/yr for GDE.
Performance
IBIT vs. GDE - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.41% return, which is significantly lower than GDE's 3.16% return.
IBIT
- 1D
- -0.03%
- 1M
- -19.59%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDE
- 1D
- 0.67%
- 1M
- -9.22%
- YTD
- 3.16%
- 6M
- 4.00%
- 1Y
- 40.98%
- 3Y*
- 42.64%
- 5Y*
- —
- 10Y*
- —
IBIT vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 3.16% | 73.76% | 47.21% |
Correlation
The correlation between IBIT and GDE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.31 |
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Return for Risk
IBIT vs. GDE — Risk / Return Rank
IBIT
GDE
IBIT vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.
| IBIT | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.26 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 1.83 | -2.61 |
| Martin ratioReturn relative to average drawdown | -1.37 | 5.36 | -6.73 |
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Drawdowns
IBIT vs. GDE - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for IBIT and GDE.
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Drawdown Indicators
| IBIT | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -32.01% | -20.10% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -22.66% | -29.45% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.66% | — |
Current DrawdownCurrent decline from peak | -49.45% | -16.53% | -32.92% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -7.93% | -8.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 7.73% | +21.91% |
Volatility
IBIT vs. GDE - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.07% compared to WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) at 10.77%. This indicates that IBIT'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
| IBIT | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 10.77% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 25.97% | +8.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 29.88% | +14.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 27.09% | +23.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 27.09% | +23.17% |
IBIT vs. GDE - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is higher than GDE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBIT vs. GDE - Dividend Comparison
IBIT has not paid dividends to shareholders, while GDE's dividend yield for the trailing twelve months is around 4.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.19% | 4.32% | 7.14% | 2.22% | 0.81% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBIT and GDE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.07%) compared to GDE (10.77%). In terms of maximum drawdown, IBIT dropped -52.11% vs GDE's -32.01%.
On 1-year performance, GDE leads with 40.98% vs -39.67% for IBIT. On fees, GDE is cheaper at 0.20% per year. On volatility, GDE has been the lower-risk option at 10.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GDE has performed better with a 40.98% return vs -39.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDE is cheaper with a 0.20% expense ratio, compared with 0.25% for IBIT.
GDE has the higher dividend yield at 4.19%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while GDE is Gold. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.25% for IBIT and 0.20% for GDE.
GDE currently has the higher Sharpe Ratio (1.39 vs -0.92), 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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