QHY vs. GDMN

Last updated Jun 3, 2026

QHY (WisdomTree U.S. Short-Term Corporate Bond Fund) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - QHY is a High Yield Bonds fund tracking the WisdomTree U.S. High Yield Corporate Bond Index, while GDMN is a Commodities fund actively managed by WisdomTree. QHY is passively managed, while GDMN is actively managed. Over the past 3 years, QHY returned 8.13%/yr vs 60.95%/yr for GDMN. At a 0.29 correlation, their price movements are largely independent. QHY charges 0.38%/yr vs 0.45%/yr for GDMN.

Performance

QHY vs. GDMN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) 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, QHY achieves a 1.54% return, which is significantly higher than GDMN's -4.13% return.

QHY

• 1D: 0.08%
• 1M: 0.33%
• YTD: 1.54%
• 6M: 1.94%
• 1Y: 7.59%
• 3Y*: 8.13%
• 5Y*: 3.29%
• 10Y*: 4.97%

GDMN

• 1D: -3.68%
• 1M: -2.43%
• YTD: -4.13%
• 6M: 2.73%
• 1Y: 76.93%
• 3Y*: 60.95%
• 5Y*: —
• 10Y*: —

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

QHY vs. GDMN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QHY WisdomTree U.S. Short-Term Corporate Bond Fund	1.54%	9.61%	5.92%	10.12%	-11.81%	0.73%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	-4.13%	237.09%	28.23%	12.97%	-14.62%	5.11%

Correlation

The correlation between QHY and GDMN is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021	0.29

Return for Risk

QHY vs. GDMN — Risk / Return Rank

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

QHY

QHY Risk / Return Rank: 63
QHY Sharpe Ratio Rank: 61
QHY Sortino Ratio Rank: 67
QHY Omega Ratio Rank: 67
QHY Calmar Ratio Rank: 54
QHY Martin Ratio Rank: 67

GDMN

GDMN Risk / Return Rank: 34
GDMN Sharpe Ratio Rank: 34
GDMN Sortino Ratio Rank: 30
GDMN Omega Ratio Rank: 36
GDMN Calmar Ratio Rank: 39
GDMN Martin Ratio Rank: 31

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.

QHY vs. GDMN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) 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.

	QHY	GDMN	Difference
Sharpe ratio Return per unit of total volatility	2.09	1.26	+0.83
Sortino ratio Return per unit of downside risk	3.17	1.68	+1.49
Omega ratio Gain probability vs. loss probability	1.41	1.25	+0.17
Calmar ratio Return relative to maximum drawdown	2.73	1.98	+0.75
Martin ratio Return relative to average drawdown	12.45	4.68	+7.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QHY vs. GDMN - Sharpe Ratio Comparison

The current QHY Sharpe Ratio is 2.09, which is higher than the GDMN Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of QHY 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

	QHY	GDMN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	1.26	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.80	-0.19

Drawdowns

QHY vs. GDMN - Drawdown Comparison

The maximum QHY drawdown since its inception was -22.74%, smaller than the maximum GDMN drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for QHY and GDMN.

Drawdown Indicators

	QHY	GDMN	Difference
Max Drawdown Largest peak-to-trough decline	-22.74%	-52.82%	+30.08%
Max Drawdown (1Y) Largest decline over 1 year	-2.77%	-39.03%	+36.26%
Max Drawdown (3Y) Largest decline over 3 years	-4.58%	-39.03%	+34.45%
Max Drawdown (5Y) Largest decline over 5 years	-16.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-22.74%	—	—
Current Drawdown Current decline from peak	0.00%	-37.06%	+37.06%
Average Drawdown Average peak-to-trough decline	-2.75%	-18.89%	+16.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.61%	16.51%	-15.90%

Volatility

QHY vs. GDMN - Volatility Comparison

The current volatility for WisdomTree U.S. Short-Term Corporate Bond Fund (QHY) is 1.12%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 17.94%. This indicates that QHY 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

	QHY	GDMN	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.12%	17.94%	-16.82%
Volatility (6M) Calculated over the trailing 6-month period	2.87%	51.79%	-48.92%
Volatility (1Y) Calculated over the trailing 1-year period	3.64%	61.32%	-57.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.57%	47.59%	-40.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.20%	47.59%	-39.39%

QHY vs. GDMN - Expense Ratio Comparison

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

Dividends

QHY vs. GDMN - Dividend Comparison

QHY's dividend yield for the trailing twelve months is around 6.25%, more than GDMN's 2.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	2.82%	2.70%	9.44%	7.69%	1.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QHY WisdomTree U.S. Short-Term Corporate Bond Fund	6.25%	6.26%	6.40%	6.11%	5.44%	4.09%	4.80%	5.21%	5.93%	6.47%	4.39%

Frequently Asked Questions

Can I hold both QHY and GDMN in my portfolio?

QHY and GDMN have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QHY or GDMN?

GDMN has higher volatility (17.94%) compared to QHY (1.12%). In terms of maximum drawdown, QHY dropped -22.74% vs GDMN's -52.82%.

Which ETF is better, QHY or GDMN?

On 3-year performance, GDMN leads with 60.95% vs 8.13% for QHY. On fees, QHY is cheaper at 0.38% per year. On volatility, QHY has been the lower-risk option at 1.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QHY or GDMN?

Over the 3-year period, GDMN has performed better with a 60.95% return vs 8.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QHY or GDMN?

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

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

QHY has the higher dividend yield at 6.25%, compared with 2.82% for GDMN.

What is the main difference between QHY and GDMN?

QHY is categorized as High Yield Bonds, while GDMN is Commodities. Their fees differ too: 0.38% for QHY and 0.45% for GDMN.

Which has better risk-adjusted returns?

QHY currently has the higher Sharpe Ratio (2.09 vs 1.26), 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.