NTSE vs. GDMN

Last updated Jun 5, 2026

NTSE (WisdomTree Emerging Markets Efficient Core Fund) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - NTSE is a Diversified Portfolio fund actively managed by WisdomTree, while GDMN is a Commodities fund actively managed by WisdomTree. Both are actively managed. Over the past 3 years, NTSE returned 24.55%/yr vs 61.52%/yr for GDMN. At a 0.45 correlation, their price movements are largely independent. NTSE charges 0.38%/yr vs 0.45%/yr for GDMN.

Performance

NTSE vs. GDMN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Efficient Core Fund (NTSE) 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, NTSE achieves a 30.29% return, which is significantly higher than GDMN's -2.03% return.

NTSE

• 1D: -1.31%
• 1M: 7.69%
• YTD: 30.29%
• 6M: 33.64%
• 1Y: 59.40%
• 3Y*: 24.55%
• 5Y*: 6.15%
• 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)

NTSE vs. GDMN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NTSE WisdomTree Emerging Markets Efficient Core Fund	30.29%	36.29%	4.42%	9.47%	-26.31%	1.03%
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 NTSE and GDMN is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021	0.45

NTSE vs. GDMN - Sectors Allocation Comparison

Sectors	NTSE	GDMN
Consumer Cyclical	2.2%	-
Financial Services	2.1%	-
Communication Services	1.8%	-
Technology	0.8%	-
Basic Materials	0.5%	100.0%
Consumer Defensive	0.3%	-
Industrials	0.2%	-
Healthcare	0.2%	-
Energy	0.1%	-
Real Estate	0.1%	-
Utilities	0.0%	-

Return for Risk

NTSE vs. GDMN — Risk / Return Rank

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

NTSE

NTSE Risk / Return Rank: 85
NTSE Sharpe Ratio Rank: 87
NTSE Sortino Ratio Rank: 86
NTSE Omega Ratio Rank: 87
NTSE Calmar Ratio Rank: 81
NTSE Martin Ratio Rank: 82

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.

NTSE vs. GDMN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Efficient Core Fund (NTSE) 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.

	NTSE	GDMN	Difference
Sharpe ratio: Return per unit of total volatility	2.88	1.33	+1.55
Sortino ratio: Return per unit of downside risk	3.82	1.73	+2.09
Omega ratio: Gain probability vs. loss probability	1.53	1.25	+0.28
Calmar ratio: Return relative to maximum drawdown	4.21	2.09	+2.12
Martin ratio: Return relative to average drawdown	16.27	4.88	+11.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NTSE vs. GDMN - Sharpe Ratio Comparison

The current NTSE Sharpe Ratio is 2.88, which is higher than the GDMN Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of NTSE 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

	NTSE	GDMN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.88	1.33	+1.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.82	-0.45

Drawdowns

NTSE vs. GDMN - Drawdown Comparison

The maximum NTSE drawdown since its inception was -42.84%, smaller than the maximum GDMN drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for NTSE and GDMN.

Drawdown Indicators

	NTSE	GDMN	Difference
Max Drawdown Largest peak-to-trough decline	-42.84%	-52.82%	+9.98%
Max Drawdown (1Y) Largest decline over 1 year	-14.20%	-39.03%	+24.83%
Max Drawdown (3Y) Largest decline over 3 years	-18.73%	-39.03%	+20.30%
Max Drawdown (5Y) Largest decline over 5 years	-42.84%	—	—
Current Drawdown Current decline from peak	-2.47%	-35.69%	+33.22%
Average Drawdown Average peak-to-trough decline	-19.72%	-18.90%	-0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	16.66%	-13.00%

Volatility

NTSE vs. GDMN - Volatility Comparison

The current volatility for WisdomTree Emerging Markets Efficient Core Fund (NTSE) is 9.12%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 18.05%. This indicates that NTSE 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

	NTSE	GDMN	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.12%	18.05%	-8.93%
Volatility (6M) Calculated over the trailing 6-month period	18.25%	51.78%	-33.53%
Volatility (1Y) Calculated over the trailing 1-year period	20.79%	61.34%	-40.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.26%	47.58%	-28.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.24%	47.58%	-28.34%

NTSE vs. GDMN - Expense Ratio Comparison

NTSE has a 0.38% expense ratio, which is lower than GDMN's 0.45% expense ratio.

Dividends

NTSE vs. GDMN - Dividend Comparison

NTSE's dividend yield for the trailing twelve months is around 2.54%, less than GDMN's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	2.76%	2.70%	9.44%	7.69%	1.44%	0.00%
NTSE WisdomTree Emerging Markets Efficient Core Fund	2.54%	3.35%	3.23%	2.44%	3.22%	2.10%

Frequently Asked Questions

Can I hold both NTSE and GDMN in my portfolio?

NTSE and GDMN have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NTSE or GDMN?

GDMN has higher volatility (18.05%) compared to NTSE (9.12%). In terms of maximum drawdown, NTSE dropped -42.84% vs GDMN's -52.82%.

Which ETF is better, NTSE or GDMN?

On 3-year performance, GDMN leads with 61.52% vs 24.55% for NTSE. On fees, NTSE is cheaper at 0.38% per year. On volatility, NTSE has been the lower-risk option at 9.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NTSE or GDMN?

Over the 3-year period, GDMN has performed better with a 61.52% return vs 24.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NTSE or GDMN?

NTSE is cheaper with a 0.38% expense ratio, compared with 0.45% for GDMN.

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

GDMN has the higher dividend yield at 2.76%, compared with 2.54% for NTSE.

What is the main difference between NTSE and GDMN?

NTSE is categorized as Diversified Portfolio, while GDMN is Commodities. Their fees differ too: 0.38% for NTSE and 0.45% for GDMN.

Which has better risk-adjusted returns?

NTSE currently has the higher Sharpe Ratio (2.88 vs 1.33), 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.