OGC.TO vs. GDMN

Last updated Jun 5, 2026

OGC.TO (OceanaGold Corporation) 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, OGC.TO returned 66.68%/yr vs 63.36%/yr for GDMN. A 0.71 correlation means they provide meaningful diversification when combined.

Performance

OGC.TO vs. GDMN - Performance Comparison

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

Different Trading Currencies

OGC.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, OGC.TO achieves a 1.52% return, which is significantly higher than GDMN's -0.68% return.

OGC.TO

• 1D: 1.11%
• 1M: -1.89%
• YTD: 1.52%
• 6M: 11.27%
• 1Y: 104.40%
• 3Y*: 66.68%
• 5Y*: 39.55%
• 10Y*: 12.74%

GDMN

• 1D: 2.29%
• 1M: 0.78%
• YTD: -0.68%
• 6M: 4.45%
• 1Y: 84.05%
• 3Y*: 63.36%
• 5Y*: —
• 10Y*: —

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

OGC.TO vs. GDMN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
OGC.TO OceanaGold Corporation	1.52%	228.81%	58.12%	-0.52%	17.27%	1.38%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	-0.68%	221.63%	39.25%	10.48%	-8.54%	4.04%

Correlation

The correlation between OGC.TO and GDMN is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021	0.71

The correlation between OGC.TO and GDMN has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.

Return for Risk

OGC.TO vs. GDMN — Risk / Return Rank

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

OGC.TO

OGC.TO Risk / Return Rank: 84
OGC.TO Sharpe Ratio Rank: 89
OGC.TO Sortino Ratio Rank: 81
OGC.TO Omega Ratio Rank: 82
OGC.TO Calmar Ratio Rank: 84
OGC.TO Martin Ratio Rank: 83

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.

OGC.TO vs. GDMN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OceanaGold Corporation (OGC.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.

	OGC.TO	GDMN	Difference
Sharpe ratio: Return per unit of total volatility	2.11	1.41	+0.70
Sortino ratio: Return per unit of downside risk	2.41	1.79	+0.62
Omega ratio: Gain probability vs. loss probability	1.32	1.26	+0.06
Calmar ratio: Return relative to maximum drawdown	3.19	2.19	+1.00
Martin ratio: Return relative to average drawdown	7.66	5.16	+2.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OGC.TO vs. GDMN - Sharpe Ratio Comparison

The current OGC.TO Sharpe Ratio is 2.11, which is higher than the GDMN Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of OGC.TO 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

	OGC.TO	GDMN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	1.41	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.92	-0.80

Drawdowns

OGC.TO vs. GDMN - Drawdown Comparison

The maximum OGC.TO drawdown since its inception was -96.53%, which is greater than GDMN's maximum drawdown of -49.27%. Use the drawdown chart below to compare losses from any high point for OGC.TO and GDMN.

Drawdown Indicators

	OGC.TO	GDMN	Difference
Max Drawdown Largest peak-to-trough decline	-96.53%	-49.27%	-47.26%
Max Drawdown (1Y) Largest decline over 1 year	-32.91%	-38.65%	+5.74%
Max Drawdown (3Y) Largest decline over 3 years	-32.91%	-38.65%	+5.74%
Max Drawdown (5Y) Largest decline over 5 years	-46.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-77.77%	—	—
Current Drawdown Current decline from peak	-32.17%	-34.39%	+2.22%
Average Drawdown Average peak-to-trough decline	-39.45%	-17.06%	-22.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.68%	16.35%	-2.67%

Volatility

OGC.TO vs. GDMN - Volatility Comparison

OceanaGold Corporation (OGC.TO) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) have volatilities of 18.01% and 17.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OGC.TO	GDMN	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.01%	17.70%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	39.33%	50.33%	-11.00%
Volatility (1Y) Calculated over the trailing 1-year period	49.72%	59.93%	-10.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.47%	45.13%	+4.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.52%	45.13%	+7.39%

Dividends

OGC.TO vs. GDMN - Dividend Comparison

OGC.TO's dividend yield for the trailing twelve months is around 0.84%, less than GDMN's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	2.76%	2.70%	9.44%	7.69%	1.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OGC.TO OceanaGold Corporation	0.84%	0.43%	0.68%	1.10%	0.00%	0.00%	0.00%	0.51%	0.78%	0.80%	1.38%	1.89%

Frequently Asked Questions

Can I hold both OGC.TO and GDMN in my portfolio?

OGC.TO and GDMN have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.