SHAG vs. GDMN

Last updated Jun 5, 2026

SHAG (WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - SHAG is a Short-Term Bond fund tracking the Bloomberg U.S. Short Aggregate Enhanced Yield Index, while GDMN is a Commodities fund actively managed by WisdomTree. SHAG is passively managed, while GDMN is actively managed. Over the past 3 years, SHAG returned 4.72%/yr vs 61.52%/yr for GDMN. At a 0.34 correlation, their price movements are largely independent. SHAG charges 0.12%/yr vs 0.45%/yr for GDMN.

Performance

SHAG vs. GDMN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) 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, SHAG achieves a 0.48% return, which is significantly higher than GDMN's -2.03% return.

SHAG

• 1D: 0.07%
• 1M: 0.03%
• YTD: 0.48%
• 6M: 0.81%
• 1Y: 3.73%
• 3Y*: 4.72%
• 5Y*: 1.61%
• 10Y*: —

GDMN

• 1D: 2.19%
• 1M: -1.33%
• YTD: -2.03%
• 6M: 4.80%
• 1Y: 80.97%
• 3Y*: 61.52%
• 5Y*: —
• 10Y*: —

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

SHAG vs. GDMN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF	0.48%	6.27%	4.30%	4.61%	-6.37%	-0.11%
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 SHAG and GDMN is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021	0.34

Return for Risk

SHAG vs. GDMN — Risk / Return Rank

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

SHAG

SHAG Risk / Return Rank: 63
SHAG Sharpe Ratio Rank: 63
SHAG Sortino Ratio Rank: 72
SHAG Omega Ratio Rank: 67
SHAG Calmar Ratio Rank: 55
SHAG Martin Ratio Rank: 56

GDMN

GDMN Risk / Return Rank: 37
GDMN Sharpe Ratio Rank: 38
GDMN Sortino Ratio Rank: 34
GDMN Omega Ratio Rank: 39
GDMN Calmar Ratio Rank: 43
GDMN Martin Ratio Rank: 33

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.

SHAG vs. GDMN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) 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.

	SHAG	GDMN	Difference
Sharpe ratio: Return per unit of total volatility	2.05	1.33	+0.73
Sortino ratio: Return per unit of downside risk	3.21	1.73	+1.49
Omega ratio: Gain probability vs. loss probability	1.40	1.25	+0.14
Calmar ratio: Return relative to maximum drawdown	2.72	2.09	+0.63
Martin ratio: Return relative to average drawdown	9.70	4.88	+4.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHAG vs. GDMN - Sharpe Ratio Comparison

The current SHAG Sharpe Ratio is 2.05, which is higher than the GDMN Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of SHAG 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

	SHAG	GDMN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	1.33	+0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.82	+0.02

Drawdowns

SHAG vs. GDMN - Drawdown Comparison

The maximum SHAG drawdown since its inception was -9.62%, smaller than the maximum GDMN drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for SHAG and GDMN.

Drawdown Indicators

	SHAG	GDMN	Difference
Max Drawdown Largest peak-to-trough decline	-9.62%	-52.82%	+43.20%
Max Drawdown (1Y) Largest decline over 1 year	-1.38%	-39.03%	+37.65%
Max Drawdown (3Y) Largest decline over 3 years	-1.38%	-39.03%	+37.65%
Max Drawdown (5Y) Largest decline over 5 years	-9.62%	—	—
Current Drawdown Current decline from peak	-0.54%	-35.69%	+35.15%
Average Drawdown Average peak-to-trough decline	-1.87%	-18.90%	+17.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.39%	16.66%	-16.27%

Volatility

SHAG vs. GDMN - Volatility Comparison

The current volatility for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) is 0.60%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 18.05%. This indicates that SHAG 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

	SHAG	GDMN	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.60%	18.05%	-17.45%
Volatility (6M) Calculated over the trailing 6-month period	1.31%	51.78%	-50.47%
Volatility (1Y) Calculated over the trailing 1-year period	1.84%	61.34%	-59.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.75%	47.58%	-44.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.58%	47.58%	-45.00%

SHAG vs. GDMN - Expense Ratio Comparison

SHAG has a 0.12% expense ratio, which is lower than GDMN's 0.45% expense ratio.

Dividends

SHAG vs. GDMN - Dividend Comparison

SHAG's dividend yield for the trailing twelve months is around 4.28%, more than GDMN's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	2.76%	2.70%	9.44%	7.69%	1.44%	0.00%	0.00%	0.00%	0.00%	0.00%
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF	4.28%	4.33%	4.49%	3.04%	1.38%	0.92%	2.33%	2.71%	2.56%	0.77%

Frequently Asked Questions

Can I hold both SHAG and GDMN in my portfolio?

SHAG and GDMN have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHAG or GDMN?

GDMN has higher volatility (18.05%) compared to SHAG (0.60%). In terms of maximum drawdown, SHAG dropped -9.62% vs GDMN's -52.82%.

Which ETF is better, SHAG or GDMN?

On 3-year performance, GDMN leads with 61.52% vs 4.72% for SHAG. On fees, SHAG is cheaper at 0.12% per year. On volatility, SHAG has been the lower-risk option at 0.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHAG or GDMN?

Over the 3-year period, GDMN has performed better with a 61.52% return vs 4.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHAG or GDMN?

SHAG is cheaper with a 0.12% expense ratio, compared with 0.45% for GDMN.

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

SHAG has the higher dividend yield at 4.28%, compared with 2.76% for GDMN.

What is the main difference between SHAG and GDMN?

SHAG is categorized as Short-Term Bond, while GDMN is Commodities. Their fees differ too: 0.12% for SHAG and 0.45% for GDMN.

Which has better risk-adjusted returns?

SHAG currently has the higher Sharpe Ratio (2.05 vs 1.33), 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.