QQQE vs. GDE
QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index, while GDE is a Gold fund actively managed by WisdomTree. QQQE is passively managed, while GDE is actively managed. Over the past 3 years, QQQE returned 17.04%/yr vs 42.64%/yr for GDE. A 0.61 correlation means they provide meaningful diversification when combined. QQQE charges 0.35%/yr vs 0.20%/yr for GDE.
Performance
QQQE vs. GDE - Performance Comparison
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Returns By Period
In the year-to-date period, QQQE achieves a 17.14% return, which is significantly higher than GDE's 3.16% return.
QQQE
- 1D
- 1.18%
- 1M
- 5.18%
- YTD
- 17.14%
- 6M
- 16.29%
- 1Y
- 26.96%
- 3Y*
- 17.04%
- 5Y*
- 9.60%
- 10Y*
- 15.61%
GDE
- 1D
- 0.67%
- 1M
- -9.22%
- YTD
- 3.16%
- 6M
- 4.00%
- 1Y
- 40.98%
- 3Y*
- 42.64%
- 5Y*
- —
- 10Y*
- —
QQQE vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 17.14% | 14.58% | 6.98% | 33.76% | -12.62% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 3.16% | 73.76% | 44.79% | 33.85% | -8.58% |
Correlation
The correlation between QQQE and GDE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.61 |
The correlation between QQQE and GDE shifts across timeframes, from 0.51 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QQQE vs. GDE — Risk / Return Rank
QQQE
GDE
QQQE vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) 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.
| QQQE | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.26 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 1.83 | +0.82 |
| Martin ratioReturn relative to average drawdown | 8.95 | 5.36 | +3.59 |
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Drawdowns
QQQE vs. GDE - Drawdown Comparison
The maximum QQQE drawdown since its inception was -32.14%, roughly equal to the maximum GDE drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for QQQE and GDE.
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Drawdown Indicators
| QQQE | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.14% | -32.01% | -0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -22.66% | +13.25% |
Max Drawdown (3Y)Largest decline over 3 years | -21.38% | -22.66% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -32.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.14% | — | — |
Current DrawdownCurrent decline from peak | -1.76% | -16.53% | +14.77% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -7.93% | +2.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 7.73% | -4.94% |
Volatility
QQQE vs. GDE - Volatility Comparison
The current volatility for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) is 7.04%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 10.77%. This indicates that QQQE experiences smaller price fluctuations and is considered to be less risky 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
| QQQE | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.04% | 10.77% | -3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 25.97% | -13.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.28% | 29.88% | -14.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.45% | 27.09% | -6.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.79% | 27.09% | -6.30% |
QQQE vs. GDE - Expense Ratio Comparison
QQQE has a 0.35% expense ratio, which is higher than GDE's 0.20% expense ratio.
Dividends
QQQE vs. GDE - Dividend Comparison
QQQE's dividend yield for the trailing twelve months is around 0.53%, less than GDE's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.19% | 4.32% | 7.14% | 2.22% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.53% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
Frequently Asked Questions
QQQE and GDE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDE has higher volatility (10.77%) compared to QQQE (7.04%). In terms of maximum drawdown, QQQE dropped -32.14% vs GDE's -32.01%.
On 3-year performance, GDE leads with 42.64% vs 17.04% for QQQE. On fees, GDE is cheaper at 0.20% per year. On volatility, QQQE has been the lower-risk option at 7.04%. 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 42.64% return vs 17.04%. 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 0.35% for QQQE.
GDE has the higher dividend yield at 4.19%, compared with 0.53% for QQQE.
QQQE is categorized as Nasdaq-100, while GDE is Gold. They also come from different issuers: Direxion and WisdomTree. Their fees differ too: 0.35% for QQQE and 0.20% for GDE.
QQQE currently has the higher Sharpe Ratio (1.63 vs 1.39), 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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