S7XE.DE vs. GDMN
S7XE.DE (Invesco EURO STOXX Optimised Banks UCITS ETF) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - S7XE.DE is a Financials Equities fund tracking the EURO STOXX® Optimised Banks, while GDMN is a Commodities fund actively managed by WisdomTree. S7XE.DE is passively managed, while GDMN is actively managed. Over the past 3 years, S7XE.DE returned 44.23%/yr vs 51.69%/yr for GDMN. At a 0.08 correlation, their price movements are largely independent. S7XE.DE charges 0.30%/yr vs 0.45%/yr for GDMN.
Performance
S7XE.DE vs. GDMN - Performance Comparison
Loading charts...
Different Trading Currencies
S7XE.DE is traded in EUR, while GDMN is traded in USD. To make them comparable, the GDMN values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, S7XE.DE achieves a 4.99% return, which is significantly higher than GDMN's -10.88% return.
S7XE.DE
- 1D
- 1.09%
- 1M
- 2.40%
- YTD
- 4.99%
- 6M
- 12.49%
- 1Y
- 36.30%
- 3Y*
- 44.23%
- 5Y*
- 28.00%
- 10Y*
- 14.41%
GDMN
- 1D
- -10.07%
- 1M
- -17.92%
- YTD
- -10.88%
- 6M
- -5.40%
- 1Y
- 60.82%
- 3Y*
- 51.69%
- 5Y*
- —
- 10Y*
- —
S7XE.DE vs. GDMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | 4.99% | 86.82% | 30.66% | 28.83% | 0.46% | 3.11% |
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | -10.88% | 197.09% | 36.70% | 9.58% | -9.33% | 4.76% |
Correlation
The correlation between S7XE.DE and GDMN is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.08 |
The correlation between S7XE.DE and GDMN shifts across timeframes, from 0.08 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
S7XE.DE vs. GDMN — Risk / Return Rank
S7XE.DE
GDMN
S7XE.DE vs. GDMN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) 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.
| S7XE.DE | GDMN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 1.47 | +0.73 |
| Martin ratioReturn relative to average drawdown | 6.92 | 3.68 | +3.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| S7XE.DE | GDMN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.01 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.08 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.77 | -0.54 |
Drawdowns
S7XE.DE vs. GDMN - Drawdown Comparison
The maximum S7XE.DE drawdown since its inception was -65.33%, which is greater than GDMN's maximum drawdown of -47.07%. Use the drawdown chart below to compare losses from any high point for S7XE.DE and GDMN.
Loading charts...
Drawdown Indicators
| S7XE.DE | GDMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.33% | -47.07% | -18.26% |
Max Drawdown (1Y)Largest decline over 1 year | -17.42% | -41.62% | +24.20% |
Max Drawdown (3Y)Largest decline over 3 years | -19.82% | -41.62% | +21.80% |
Max Drawdown (5Y)Largest decline over 5 years | -35.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.10% | — | — |
Current DrawdownCurrent decline from peak | -2.02% | -41.62% | +39.60% |
Average DrawdownAverage peak-to-trough decline | -23.01% | -18.33% | -4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 16.56% | -11.02% |
Volatility
S7XE.DE vs. GDMN - Volatility Comparison
The current volatility for Invesco EURO STOXX Optimised Banks UCITS ETF (S7XE.DE) is 6.10%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 17.74%. This indicates that S7XE.DE 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.
Loading charts...
Volatility by Period
| S7XE.DE | GDMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 17.74% | -11.64% |
Volatility (6M)Calculated over the trailing 6-month period | 19.27% | 51.09% | -31.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.08% | 60.26% | -36.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.60% | 45.01% | -19.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.66% | 45.01% | -16.35% |
S7XE.DE vs. GDMN - Expense Ratio Comparison
S7XE.DE has a 0.30% expense ratio, which is lower than GDMN's 0.45% expense ratio.
Dividends
S7XE.DE vs. GDMN - Dividend Comparison
S7XE.DE has not paid dividends to shareholders, while GDMN's dividend yield for the trailing twelve months is around 3.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 3.09% | 2.70% | 9.44% | 7.69% | 1.44% |
S7XE.DE Invesco EURO STOXX Optimised Banks UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
S7XE.DE and GDMN have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, S7XE.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
S7XE.DE is cheaper with a 0.30% expense ratio, compared with 0.45% for GDMN.
S7XE.DE is categorized as Financials Equities, while GDMN is Commodities. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.30% for S7XE.DE and 0.45% for GDMN.
Find the right allocation for S7XE.DE and GDMN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer