NOA vs. GDE
NOA (North American Construction Group Ltd) is a stock, while GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) is Gold fund actively managed by WisdomTree. Over the past 3 years, NOA returned -10.48%/yr vs 39.47%/yr for GDE. At a 0.30 correlation, their price movements are largely independent.
Performance
NOA vs. GDE - Performance Comparison
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Returns By Period
In the year-to-date period, NOA achieves a -5.16% return, which is significantly lower than GDE's -3.38% return.
NOA
- 1D
- -0.30%
- 1M
- -8.48%
- YTD
- -5.16%
- 6M
- -1.46%
- 1Y
- -17.67%
- 3Y*
- -10.48%
- 5Y*
- -2.34%
- 10Y*
- 18.25%
GDE
- 1D
- -2.89%
- 1M
- -12.63%
- YTD
- -3.38%
- 6M
- -7.83%
- 1Y
- 34.32%
- 3Y*
- 39.47%
- 5Y*
- —
- 10Y*
- —
NOA vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NOA North American Construction Group Ltd | -5.16% | -31.98% | 5.16% | 58.49% | -4.25% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | -3.38% | 73.76% | 44.79% | 33.85% | -8.58% |
Correlation
The correlation between NOA and GDE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.30 |
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Return for Risk
NOA vs. GDE — Risk / Return Rank
NOA
GDE
NOA vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for North American Construction Group Ltd (NOA) 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.
| NOA | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.22 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 1.52 | -2.15 |
| Martin ratioReturn relative to average drawdown | -1.25 | 4.18 | -5.43 |
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Drawdowns
NOA vs. GDE - Drawdown Comparison
The maximum NOA drawdown since its inception was -93.59%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for NOA and GDE.
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Drawdown Indicators
| NOA | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.59% | -32.01% | -61.58% |
Max Drawdown (1Y)Largest decline over 1 year | -28.32% | -22.66% | -5.66% |
Max Drawdown (3Y)Largest decline over 3 years | -50.67% | -22.66% | -28.01% |
Max Drawdown (5Y)Largest decline over 5 years | -50.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -68.41% | — | — |
Current DrawdownCurrent decline from peak | -44.44% | -21.82% | -22.62% |
Average DrawdownAverage peak-to-trough decline | -55.64% | -7.99% | -47.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.19% | 8.23% | +5.96% |
Volatility
NOA vs. GDE - Volatility Comparison
The current volatility for North American Construction Group Ltd (NOA) is 9.53%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 11.66%. This indicates that NOA 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.
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Volatility by Period
| NOA | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.53% | 11.66% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 41.02% | 26.64% | +14.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.03% | 30.45% | +20.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.84% | 27.18% | +14.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.88% | 27.18% | +18.70% |
Dividends
NOA vs. GDE - Dividend Comparison
NOA's dividend yield for the trailing twelve months is around 2.57%, less than GDE's 4.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.47% | 4.32% | 7.14% | 2.22% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOA North American Construction Group Ltd | 2.57% | 2.39% | 1.42% | 1.54% | 1.84% | 0.85% | 1.21% | 0.74% | 0.73% | 1.62% | 2.08% | 4.62% |
Frequently Asked Questions
NOA and GDE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDE has higher volatility (11.66%) compared to NOA (9.53%). In terms of maximum drawdown, NOA dropped -93.59% vs GDE's -32.01%.
GDE currently has the higher Sharpe Ratio (1.13 vs -0.35), 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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