PKB vs. GDE
PKB (Invesco Dynamic Building & Construction ETF) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - PKB is a Building & Construction fund tracking the Dynamic Building & Construction Intellidex Index, while GDE is a Gold fund actively managed by WisdomTree. PKB is passively managed, while GDE is actively managed. Over the past 3 years, PKB returned 29.75%/yr vs 46.68%/yr for GDE. A 0.51 correlation means they provide meaningful diversification when combined. PKB charges 0.60%/yr vs 0.20%/yr for GDE.
Performance
PKB vs. GDE - Performance Comparison
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Returns By Period
In the year-to-date period, PKB achieves a 13.11% return, which is significantly higher than GDE's 9.79% return.
PKB
- 1D
- 0.48%
- 1M
- -2.15%
- YTD
- 13.11%
- 6M
- 10.44%
- 1Y
- 34.15%
- 3Y*
- 29.75%
- 5Y*
- 15.65%
- 10Y*
- 15.37%
GDE
- 1D
- -1.35%
- 1M
- 1.88%
- YTD
- 9.79%
- 6M
- 11.87%
- 1Y
- 53.13%
- 3Y*
- 46.68%
- 5Y*
- —
- 10Y*
- —
PKB vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PKB Invesco Dynamic Building & Construction ETF | 13.11% | 22.47% | 20.24% | 55.29% | -12.22% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 9.79% | 73.76% | 44.79% | 33.85% | -18.67% |
Correlation
The correlation between PKB and GDE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.51 |
The correlation between PKB and GDE has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.
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Return for Risk
PKB vs. GDE — Risk / Return Rank
PKB
GDE
PKB vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Building & Construction ETF (PKB) 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.
| PKB | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.34 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.36 | -0.13 |
| Martin ratioReturn relative to average drawdown | 7.21 | 7.34 | -0.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PKB | GDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 1.88 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 1.15 | -0.78 |
Drawdowns
PKB vs. GDE - Drawdown Comparison
The maximum PKB drawdown since its inception was -65.21%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for PKB and GDE.
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Drawdown Indicators
| PKB | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.21% | -32.01% | -33.20% |
Max Drawdown (1Y)Largest decline over 1 year | -15.41% | -22.66% | +7.25% |
Max Drawdown (3Y)Largest decline over 3 years | -29.75% | -22.66% | -7.09% |
Max Drawdown (5Y)Largest decline over 5 years | -34.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.29% | — | — |
Current DrawdownCurrent decline from peak | -5.33% | -11.17% | +5.84% |
Average DrawdownAverage peak-to-trough decline | -15.77% | -7.88% | -7.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 7.26% | -2.51% |
Volatility
PKB vs. GDE - Volatility Comparison
Invesco Dynamic Building & Construction ETF (PKB) has a higher volatility of 7.61% compared to WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) at 6.65%. This indicates that PKB's price experiences larger fluctuations and is considered to be riskier 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
| PKB | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.61% | 6.65% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 17.84% | 24.24% | -6.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.04% | 28.39% | -5.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.69% | 26.12% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.24% | 26.12% | +1.12% |
PKB vs. GDE - Expense Ratio Comparison
PKB has a 0.60% expense ratio, which is higher than GDE's 0.20% expense ratio.
Dividends
PKB vs. GDE - Dividend Comparison
PKB's dividend yield for the trailing twelve months is around 0.14%, less than GDE's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 3.94% | 4.32% | 7.14% | 2.22% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PKB Invesco Dynamic Building & Construction ETF | 0.14% | 0.14% | 0.23% | 0.33% | 0.43% | 0.25% | 0.30% | 0.37% | 0.54% | 0.17% | 0.31% | 0.11% |
Frequently Asked Questions
PKB and GDE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PKB has higher volatility (7.61%) compared to GDE (6.65%). In terms of maximum drawdown, PKB dropped -65.21% vs GDE's -32.01%.
On 3-year performance, GDE leads with 46.68% vs 29.75% for PKB. On fees, GDE is cheaper at 0.20% per year. On volatility, GDE has been the lower-risk option at 6.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GDE has performed better with a 46.68% return vs 29.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDE is cheaper with a 0.20% expense ratio, compared with 0.60% for PKB.
GDE has the higher dividend yield at 3.94%, compared with 0.14% for PKB.
PKB is categorized as Building & Construction, while GDE is Gold. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.60% for PKB and 0.20% for GDE.
GDE currently has the higher Sharpe Ratio (1.88 vs 1.49), 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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