LUG.TO vs. GDMN
LUG.TO (Lundin Gold Inc.) is a stock, while GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) is Commodities fund actively managed by WisdomTree. Over the past 3 years, LUG.TO returned 83.92%/yr vs 60.36%/yr for GDMN. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
LUG.TO vs. GDMN - Performance Comparison
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Different Trading Currencies
LUG.TO is traded in CAD, while GDMN is traded in USD. To make them comparable, the GDMN 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 -24.79% return, which is significantly lower than GDMN's -8.69% return.
LUG.TO
- 1D
- -2.45%
- 1M
- -2.78%
- YTD
- -24.79%
- 6M
- -24.57%
- 1Y
- 20.51%
- 3Y*
- 83.92%
- 5Y*
- 55.25%
- 10Y*
- 32.91%
GDMN
- 1D
- -1.84%
- 1M
- -8.26%
- YTD
- -8.69%
- 6M
- -11.55%
- 1Y
- 70.50%
- 3Y*
- 60.36%
- 5Y*
- —
- 10Y*
- —
LUG.TO vs. GDMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LUG.TO Lundin Gold Inc. | -24.79% | 291.22% | 91.60% | 29.55% | 30.60% | 14.51% |
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | -8.69% | 221.70% | 39.09% | 10.28% | -9.21% | 6.16% |
Correlation
The correlation between LUG.TO and GDMN is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2021 | 0.69 |
The correlation between LUG.TO and GDMN has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.
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Return for Risk
LUG.TO vs. GDMN — Risk / Return Rank
LUG.TO
GDMN
LUG.TO vs. GDMN - 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 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.
| LUG.TO | GDMN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.22 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 1.45 | -0.88 |
| Martin ratioReturn relative to average drawdown | 1.44 | 3.76 | -2.32 |
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Drawdowns
LUG.TO vs. GDMN - Drawdown Comparison
The maximum LUG.TO drawdown since its inception was -94.74%, which is greater than GDMN's maximum drawdown of -49.51%. Use the drawdown chart below to compare losses from any high point for LUG.TO and GDMN.
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Drawdown Indicators
| LUG.TO | GDMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.74% | -49.51% | -45.23% |
Max Drawdown (1Y)Largest decline over 1 year | -37.89% | -47.54% | +9.65% |
Max Drawdown (3Y)Largest decline over 3 years | -37.89% | -47.54% | +9.65% |
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 | -33.30% | -39.77% | +6.47% |
Average DrawdownAverage peak-to-trough decline | -67.68% | -17.03% | -50.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.85% | 18.22% | -3.37% |
Volatility
LUG.TO vs. GDMN - Volatility Comparison
The current volatility for Lundin Gold Inc. (LUG.TO) is 18.11%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 22.04%. This indicates that LUG.TO 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
| LUG.TO | GDMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.11% | 22.04% | -3.93% |
Volatility (6M)Calculated over the trailing 6-month period | 42.93% | 54.88% | -11.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.26% | 63.69% | -7.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.22% | 48.33% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.49% | 48.33% | -4.84% |
Dividends
LUG.TO vs. GDMN - Dividend Comparison
LUG.TO's dividend yield for the trailing twelve months is around 6.64%, more than GDMN's 3.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 3.05% | 2.70% | 9.44% | 7.69% | 1.44% |
LUG.TO Lundin Gold Inc. | 6.64% | 3.35% | 2.69% | 3.26% | 1.97% |
Frequently Asked Questions
LUG.TO and GDMN have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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