OPPG vs. GDE

Last updated Aug 5, 2026

OPPG (WisdomTree GeoAlpha Opportunities Fund) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - OPPG is a Global Equities fund tracking the WisdomTree GeoAlpha Opportunities Index, while GDE is a Gold fund actively managed by WisdomTree. OPPG is passively managed, while GDE is actively managed. Their 0.35 correlation means their historical movements had little consistent relationship. OPPG charges 0.58%/yr vs 0.20%/yr for GDE.

Performance

OPPG vs. GDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree GeoAlpha Opportunities Fund (OPPG) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

OPPG

• 1D: 1.90%
• 1M: 2.90%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

GDE

• 1D: 1.88%
• 1M: 2.00%
• 6M: -8.97%
• YTD: 2.73%
• 1Y: 35.94%
• 3Y*: 41.01%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 30.04%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	$5.84M	$8.57M	$9.76M
OPPG WisdomTree GeoAlpha Opportunities Fund	$169.47K	$79.83K	$79.83K

OPPG vs. GDE - Yearly Performance Comparison

	2026 (YTD)
OPPG WisdomTree GeoAlpha Opportunities Fund	2.90%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	2.00%

Correlation

The correlation between OPPG and GDE is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 6, 2026	0.35

Return for Risk

OPPG vs. GDE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

OPPG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GDE

GDE Risk / Return Rank: 39
GDE Sharpe Ratio Rank: 41
GDE Sortino Ratio Rank: 38
GDE Omega Ratio Rank: 41
GDE Calmar Ratio Rank: 41
GDE Martin Ratio Rank: 33

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

OPPG vs. GDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree GeoAlpha Opportunities Fund (OPPG) 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.

	OPPG	GDE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.16	—
Sortino ratio: Return per unit of downside risk	—	1.57	—
Omega ratio: Gain probability vs. loss probability	—	1.22	—
Calmar ratio: Return relative to maximum drawdown	—	1.59	—
Martin ratio: Return relative to average drawdown	—	3.46	—

Drawdowns

OPPG vs. GDE - Drawdown Comparison

The maximum OPPG drawdown since its inception was -3.61%, smaller than the maximum GDE drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for OPPG and GDE.

Drawdown Indicators

	OPPG	GDE	Difference
Max Drawdown Largest peak-to-trough decline	-3.61%	-32.01%	+28.40%
Max Drawdown (1Y) Largest decline over 1 year	—	-22.66%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.66%	—
Current Drawdown Current decline from peak	0.00%	-16.89%	+16.89%
Average Drawdown Average peak-to-trough decline	-1.19%	-8.27%	+7.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.42%	—

Volatility

Volatility by Period

	OPPG	GDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.98%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.94%	31.13%	-16.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	27.12%	-12.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.94%	27.12%	-12.18%

OPPG vs. GDE - Expense Ratio Comparison

OPPG has a 0.58% expense ratio, which is higher than GDE's 0.20% expense ratio.

Dividends

OPPG vs. GDE - Dividend Comparison

OPPG has not paid dividends to shareholders, while GDE's dividend yield for the trailing twelve months is around 4.21%.

Position	TTM	2025	2024	2023	2022
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	4.21%	4.32%	7.14%	2.22%	0.81%
OPPG WisdomTree GeoAlpha Opportunities Fund	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OPPG and GDE in my portfolio?

OPPG and GDE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OPPG or GDE?

On fees, GDE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OPPG or GDE?

GDE is cheaper with a 0.20% expense ratio, compared with 0.58% for OPPG.

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

GDE has the higher dividend yield at 4.21%, compared with 0.00% for OPPG.

What is the main difference between OPPG and GDE?

OPPG is categorized as Global Equities, while GDE is Gold. Their fees differ too: 0.58% for OPPG and 0.20% for GDE.