MID vs. GDE

Last updated Jun 5, 2026

MID (American Century Mid Cap Growth Impact ETF) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - MID is a Mid Cap Growth Equities fund actively managed by American Century, while GDE is a Gold fund actively managed by WisdomTree. Both are actively managed. Over the past 3 years, MID returned 14.75%/yr vs 47.08%/yr for GDE. A 0.56 correlation means they provide meaningful diversification when combined. MID charges 0.45%/yr vs 0.20%/yr for GDE.

Performance

MID vs. GDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Mid Cap Growth Impact ETF (MID) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MID achieves a 6.22% return, which is significantly lower than GDE's 11.25% return.

MID

• 1D: 0.71%
• 1M: 4.09%
• YTD: 6.22%
• 6M: 2.98%
• 1Y: 7.13%
• 3Y*: 14.75%
• 5Y*: 6.40%
• 10Y*: —

GDE

• 1D: 1.33%
• 1M: 2.08%
• YTD: 11.25%
• 6M: 13.51%
• 1Y: 54.50%
• 3Y*: 47.08%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MID vs. GDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MID American Century Mid Cap Growth Impact ETF	6.22%	8.22%	19.40%	22.20%	-13.79%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	11.25%	73.76%	44.79%	33.85%	-18.67%

Correlation

The correlation between MID and GDE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022	0.56

The correlation between MID and GDE shifts across timeframes, from 0.43 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MID vs. GDE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MID

MID Risk / Return Rank: 16
MID Sharpe Ratio Rank: 16
MID Sortino Ratio Rank: 16
MID Omega Ratio Rank: 15
MID Calmar Ratio Rank: 16
MID Martin Ratio Rank: 17

GDE

GDE Risk / Return Rank: 52
GDE Sharpe Ratio Rank: 58
GDE Sortino Ratio Rank: 49
GDE Omega Ratio Rank: 58
GDE Calmar Ratio Rank: 50
GDE Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MID vs. GDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Mid Cap Growth Impact ETF (MID) 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.

	MID	GDE	Difference
Sharpe ratio: Return per unit of total volatility	0.43	1.93	-1.50
Sortino ratio: Return per unit of downside risk	0.71	2.36	-1.65
Omega ratio: Gain probability vs. loss probability	1.08	1.35	-0.26
Calmar ratio: Return relative to maximum drawdown	0.52	2.42	-1.90
Martin ratio: Return relative to average drawdown	1.53	7.50	-5.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MID vs. GDE - Sharpe Ratio Comparison

The current MID Sharpe Ratio is 0.43, which is lower than the GDE Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of MID and GDE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MID	GDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.43	1.93	-1.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	1.17	-0.75

Drawdowns

MID vs. GDE - Drawdown Comparison

The maximum MID drawdown since its inception was -40.15%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for MID and GDE.

Drawdown Indicators

	MID	GDE	Difference
Max Drawdown Largest peak-to-trough decline	-40.15%	-32.01%	-8.14%
Max Drawdown (1Y) Largest decline over 1 year	-13.89%	-22.66%	+8.77%
Max Drawdown (3Y) Largest decline over 3 years	-23.92%	-22.66%	-1.26%
Max Drawdown (5Y) Largest decline over 5 years	-40.15%	—	—
Current Drawdown Current decline from peak	0.00%	-9.99%	+9.99%
Average Drawdown Average peak-to-trough decline	-13.43%	-7.89%	-5.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.66%	7.29%	-2.63%

Volatility

MID vs. GDE - Volatility Comparison

The current volatility for American Century Mid Cap Growth Impact ETF (MID) is 4.90%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 6.68%. This indicates that MID 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.

Volatility by Period

	MID	GDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.90%	6.68%	-1.78%
Volatility (6M) Calculated over the trailing 6-month period	13.02%	24.27%	-11.25%
Volatility (1Y) Calculated over the trailing 1-year period	16.69%	28.41%	-11.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.62%	26.12%	-2.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.91%	26.12%	-2.21%

MID vs. GDE - Expense Ratio Comparison

MID has a 0.45% expense ratio, which is higher than GDE's 0.20% expense ratio.

Dividends

MID vs. GDE - Dividend Comparison

MID's dividend yield for the trailing twelve months is around 0.15%, less than GDE's 3.88% yield.

Position	TTM	2025	2024	2023	2022
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	3.88%	4.32%	7.14%	2.22%	0.81%
MID American Century Mid Cap Growth Impact ETF	0.15%	0.18%	0.17%	0.02%	0.00%

Frequently Asked Questions

Can I hold both MID and GDE in my portfolio?

MID and GDE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MID or GDE?

GDE has higher volatility (6.68%) compared to MID (4.90%). In terms of maximum drawdown, MID dropped -40.15% vs GDE's -32.01%.

Which ETF is better, MID or GDE?

On 3-year performance, GDE leads with 47.08% vs 14.75% for MID. On fees, GDE is cheaper at 0.20% per year. On volatility, MID has been the lower-risk option at 4.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MID or GDE?

Over the 3-year period, GDE has performed better with a 47.08% return vs 14.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MID or GDE?

GDE is cheaper with a 0.20% expense ratio, compared with 0.45% for MID.

Which ETF pays a higher dividend yield, MID or GDE?

GDE has the higher dividend yield at 3.88%, compared with 0.15% for MID.

What is the main difference between MID and GDE?

MID is categorized as Mid Cap Growth Equities, while GDE is Gold. They also come from different issuers: American Century and WisdomTree. Their fees differ too: 0.45% for MID and 0.20% for GDE.

Which has better risk-adjusted returns?

GDE currently has the higher Sharpe Ratio (1.93 vs 0.43), 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.