SGOL vs. GDMN
SGOL (abrdn Physical Gold Shares ETF) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - SGOL is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while GDMN is a Commodities fund actively managed by WisdomTree. SGOL is passively managed, while GDMN is actively managed. Over the past 3 years, SGOL returned 31.48%/yr vs 61.52%/yr for GDMN. Their correlation of 0.90 suggests significant overlap in exposure. SGOL charges 0.17%/yr vs 0.45%/yr for GDMN.
Performance
SGOL vs. GDMN - Performance Comparison
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Returns By Period
In the year-to-date period, SGOL achieves a 3.85% return, which is significantly higher than GDMN's -2.03% return.
SGOL
- 1D
- 0.85%
- 1M
- -1.66%
- YTD
- 3.85%
- 6M
- 6.30%
- 1Y
- 32.57%
- 3Y*
- 31.48%
- 5Y*
- 18.60%
- 10Y*
- 13.40%
GDMN
- 1D
- 2.19%
- 1M
- -1.33%
- YTD
- -2.03%
- 6M
- 4.80%
- 1Y
- 80.97%
- 3Y*
- 61.52%
- 5Y*
- —
- 10Y*
- —
SGOL vs. GDMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SGOL abrdn Physical Gold Shares ETF | 3.85% | 63.99% | 26.90% | 12.99% | -0.51% | 1.68% |
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | -2.03% | 237.09% | 28.23% | 12.97% | -14.62% | 5.11% |
Correlation
The correlation between SGOL and GDMN is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.90 |
The correlation between SGOL and GDMN has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.
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Return for Risk
SGOL vs. GDMN — Risk / Return Rank
SGOL
GDMN
SGOL vs. GDMN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Gold Shares ETF (SGOL) 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.
| SGOL | GDMN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 2.09 | -0.38 |
| Martin ratioReturn relative to average drawdown | 4.20 | 4.88 | -0.68 |
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
| SGOL | GDMN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.33 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.82 | -0.26 |
Drawdowns
SGOL vs. GDMN - Drawdown Comparison
The maximum SGOL drawdown since its inception was -45.51%, smaller than the maximum GDMN drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for SGOL and GDMN.
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Drawdown Indicators
| SGOL | GDMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.51% | -52.82% | +7.31% |
Max Drawdown (1Y)Largest decline over 1 year | -19.14% | -39.03% | +19.89% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -39.03% | +19.89% |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.56% | — | — |
Current DrawdownCurrent decline from peak | -17.02% | -35.69% | +18.67% |
Average DrawdownAverage peak-to-trough decline | -18.41% | -18.90% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.78% | 16.66% | -8.88% |
Volatility
SGOL vs. GDMN - Volatility Comparison
The current volatility for abrdn Physical Gold Shares ETF (SGOL) is 5.47%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 18.05%. This indicates that SGOL 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.
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Volatility by Period
| SGOL | GDMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 18.05% | -12.58% |
Volatility (6M)Calculated over the trailing 6-month period | 22.94% | 51.78% | -28.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.32% | 61.34% | -35.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.88% | 47.58% | -29.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.91% | 47.58% | -31.67% |
SGOL vs. GDMN - Expense Ratio Comparison
SGOL has a 0.17% expense ratio, which is lower than GDMN's 0.45% expense ratio.
Dividends
SGOL vs. GDMN - Dividend Comparison
SGOL has not paid dividends to shareholders, while GDMN's dividend yield for the trailing twelve months is around 2.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 2.76% | 2.70% | 9.44% | 7.69% | 1.44% |
SGOL abrdn Physical Gold Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, SGOL and GDMN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
GDMN has higher volatility (18.05%) compared to SGOL (5.47%). In terms of maximum drawdown, SGOL dropped -45.51% vs GDMN's -52.82%.
On 3-year performance, GDMN leads with 61.52% vs 31.48% for SGOL. On fees, SGOL is cheaper at 0.17% per year. On volatility, SGOL has been the lower-risk option at 5.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GDMN has performed better with a 61.52% return vs 31.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOL is cheaper with a 0.17% expense ratio, compared with 0.45% for GDMN.
GDMN has the higher dividend yield at 2.76%, compared with 0.00% for SGOL.
SGOL is categorized as Gold, while GDMN is Commodities. They also come from different issuers: abrdn and WisdomTree. Their fees differ too: 0.17% for SGOL and 0.45% for GDMN.
GDMN currently has the higher Sharpe Ratio (1.33 vs 1.24), 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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