LUG.TO vs. GDE
LUG.TO (Lundin Gold Inc.) is a stock, while GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) is Gold fund actively managed by WisdomTree. Over the past 3 years, LUG.TO returned 79.74%/yr vs 44.78%/yr for GDE. At a 0.49 correlation, their price movements are largely independent.
Performance
LUG.TO vs. GDE - Performance Comparison
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Different Trading Currencies
LUG.TO is traded in CAD, while GDE is traded in USD. To make them comparable, the GDE values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LUG.TO achieves a -26.40% return, which is significantly lower than GDE's 5.26% return.
LUG.TO
- 1D
- 1.08%
- 1M
- -4.54%
- YTD
- -26.40%
- 6M
- -24.67%
- 1Y
- 16.11%
- 3Y*
- 79.74%
- 5Y*
- 53.19%
- 10Y*
- 32.69%
GDE
- 1D
- 0.85%
- 1M
- -7.45%
- YTD
- 5.26%
- 6M
- 5.48%
- 1Y
- 44.88%
- 3Y*
- 44.78%
- 5Y*
- —
- 10Y*
- —
LUG.TO vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LUG.TO Lundin Gold Inc. | -26.40% | 291.22% | 91.60% | 29.55% | 31.61% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 5.26% | 65.83% | 57.05% | 30.67% | -2.35% |
Correlation
The correlation between LUG.TO and GDE is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.49 |
The correlation between LUG.TO and GDE shifts across timeframes, from 0.49 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LUG.TO vs. GDE — Risk / Return Rank
LUG.TO
GDE
LUG.TO vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lundin Gold Inc. (LUG.TO) 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.
| LUG.TO | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.28 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 2.09 | -1.63 |
| Martin ratioReturn relative to average drawdown | 1.23 | 6.21 | -4.98 |
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Drawdowns
LUG.TO vs. GDE - Drawdown Comparison
The maximum LUG.TO drawdown since its inception was -94.74%, which is greater than GDE's maximum drawdown of -25.43%. Use the drawdown chart below to compare losses from any high point for LUG.TO and GDE.
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Drawdown Indicators
| LUG.TO | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.74% | -25.43% | -69.31% |
Max Drawdown (1Y)Largest decline over 1 year | -37.89% | -21.40% | -16.49% |
Max Drawdown (3Y)Largest decline over 3 years | -37.89% | -21.40% | -16.49% |
Max Drawdown (5Y)Largest decline over 5 years | -37.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.84% | — | — |
Current DrawdownCurrent decline from peak | -34.73% | -14.19% | -20.54% |
Average DrawdownAverage peak-to-trough decline | -67.67% | -6.01% | -61.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.24% | 7.19% | +7.05% |
Volatility
LUG.TO vs. GDE - Volatility Comparison
Lundin Gold Inc. (LUG.TO) has a higher volatility of 17.86% compared to WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) at 10.85%. This indicates that LUG.TO'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
| LUG.TO | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.86% | 10.85% | +7.01% |
Volatility (6M)Calculated over the trailing 6-month period | 42.07% | 25.86% | +16.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.97% | 29.68% | +26.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.54% | 27.69% | +18.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.40% | 27.69% | +15.71% |
Dividends
LUG.TO vs. GDE - Dividend Comparison
LUG.TO's dividend yield for the trailing twelve months is around 6.79%, more than GDE's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.19% | 4.32% | 7.14% | 2.22% | 0.81% |
LUG.TO Lundin Gold Inc. | 6.79% | 3.35% | 2.69% | 3.26% | 1.97% |
Frequently Asked Questions
LUG.TO and GDE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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