MTGP vs. GDMN

Last updated Jun 5, 2026

MTGP (WisdomTree Mortgage Plus Bond Fund) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - MTGP is a Mortgage Backed Securities fund actively managed by WisdomTree, while GDMN is a Commodities fund actively managed by WisdomTree. Both are actively managed. Over the past 3 years, MTGP returned 4.36%/yr vs 61.52%/yr for GDMN. At a 0.26 correlation, their price movements are largely independent. Both charge a 0.45% expense ratio.

Performance

MTGP vs. GDMN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Mortgage Plus Bond Fund (MTGP) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MTGP achieves a 0.37% return, which is significantly higher than GDMN's -2.03% return.

MTGP

• 1D: 0.16%
• 1M: 0.22%
• YTD: 0.37%
• 6M: 0.65%
• 1Y: 5.62%
• 3Y*: 4.36%
• 5Y*: 0.33%
• 10Y*: —

GDMN

• 1D: 2.19%
• 1M: -1.33%
• YTD: -2.03%
• 6M: 4.80%
• 1Y: 80.97%
• 3Y*: 61.52%
• 5Y*: —
• 10Y*: —

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

MTGP vs. GDMN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MTGP WisdomTree Mortgage Plus Bond Fund	0.37%	7.57%	2.48%	3.96%	-11.29%	-0.30%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	-2.03%	237.09%	28.23%	12.97%	-14.62%	5.11%

Correlation

The correlation between MTGP and GDMN is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021	0.26

Return for Risk

MTGP vs. GDMN — Risk / Return Rank

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

MTGP

MTGP Risk / Return Rank: 37
MTGP Sharpe Ratio Rank: 34
MTGP Sortino Ratio Rank: 33
MTGP Omega Ratio Rank: 34
MTGP Calmar Ratio Rank: 46
MTGP Martin Ratio Rank: 39

GDMN

GDMN Risk / Return Rank: 37
GDMN Sharpe Ratio Rank: 38
GDMN Sortino Ratio Rank: 34
GDMN Omega Ratio Rank: 39
GDMN Calmar Ratio Rank: 43
GDMN Martin Ratio Rank: 33

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.

MTGP vs. GDMN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Mortgage Plus Bond Fund (MTGP) 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.

	MTGP	GDMN	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.33	-0.14
Sortino ratio: Return per unit of downside risk	1.71	1.73	-0.02
Omega ratio: Gain probability vs. loss probability	1.22	1.25	-0.03
Calmar ratio: Return relative to maximum drawdown	2.24	2.09	+0.15
Martin ratio: Return relative to average drawdown	5.93	4.88	+1.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MTGP vs. GDMN - Sharpe Ratio Comparison

The current MTGP Sharpe Ratio is 1.19, which is comparable to the GDMN Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of MTGP and GDMN, 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

	MTGP	GDMN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	1.33	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.82	-0.63

Drawdowns

MTGP vs. GDMN - Drawdown Comparison

The maximum MTGP drawdown since its inception was -16.63%, smaller than the maximum GDMN drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for MTGP and GDMN.

Drawdown Indicators

	MTGP	GDMN	Difference
Max Drawdown Largest peak-to-trough decline	-16.63%	-52.82%	+36.19%
Max Drawdown (1Y) Largest decline over 1 year	-2.53%	-39.03%	+36.50%
Max Drawdown (3Y) Largest decline over 3 years	-6.46%	-39.03%	+32.57%
Max Drawdown (5Y) Largest decline over 5 years	-16.63%	—	—
Current Drawdown Current decline from peak	-1.37%	-35.69%	+34.32%
Average Drawdown Average peak-to-trough decline	-5.11%	-18.90%	+13.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	16.66%	-15.71%

Volatility

MTGP vs. GDMN - Volatility Comparison

The current volatility for WisdomTree Mortgage Plus Bond Fund (MTGP) is 1.31%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 18.05%. This indicates that MTGP 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.

Volatility by Period

	MTGP	GDMN	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	18.05%	-16.74%
Volatility (6M) Calculated over the trailing 6-month period	3.09%	51.78%	-48.69%
Volatility (1Y) Calculated over the trailing 1-year period	4.77%	61.34%	-56.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.79%	47.58%	-41.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.25%	47.58%	-42.33%

MTGP vs. GDMN - Expense Ratio Comparison

Both MTGP and GDMN have an expense ratio of 0.45%.

Dividends

MTGP vs. GDMN - Dividend Comparison

MTGP's dividend yield for the trailing twelve months is around 4.32%, more than GDMN's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	2.76%	2.70%	9.44%	7.69%	1.44%	0.00%	0.00%
MTGP WisdomTree Mortgage Plus Bond Fund	4.32%	4.19%	4.05%	3.02%	2.47%	1.64%	2.61%

Frequently Asked Questions

Can I hold both MTGP and GDMN in my portfolio?

MTGP and GDMN have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MTGP or GDMN?

GDMN has higher volatility (18.05%) compared to MTGP (1.31%). In terms of maximum drawdown, MTGP dropped -16.63% vs GDMN's -52.82%.

Which ETF is better, MTGP or GDMN?

On 3-year performance, GDMN leads with 61.52% vs 4.36% for MTGP. Both ETFs have the same 0.45% expense ratio. On volatility, MTGP has been the lower-risk option at 1.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MTGP or GDMN?

Over the 3-year period, GDMN has performed better with a 61.52% return vs 4.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MTGP or GDMN?

MTGP and GDMN have the same expense ratio: 0.45% per year.

Which ETF pays a higher dividend yield, MTGP or GDMN?

MTGP has the higher dividend yield at 4.32%, compared with 2.76% for GDMN.

What is the main difference between MTGP and GDMN?

MTGP is categorized as Mortgage Backed Securities, while GDMN is Commodities.

Which has better risk-adjusted returns?

GDMN currently has the higher Sharpe Ratio (1.33 vs 1.19), 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.