SPUC vs. GDE
Compare and contrast key facts about Simplify US Equity PLUS Upside Convexity ETF (SPUC) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE).
SPUC and GDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPUC is an actively managed fund by Simplify. It was launched on Sep 3, 2020. GDE is an actively managed fund by WisdomTree. It was launched on Mar 15, 2022.
Performance
SPUC vs. GDE - Performance Comparison
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SPUC vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPUC Simplify US Equity PLUS Upside Convexity ETF | -3.92% | 22.64% | 25.37% | 27.50% | -15.59% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 3.73% | 73.76% | 44.79% | 33.85% | -18.67% |
Returns By Period
In the year-to-date period, SPUC achieves a -3.92% return, which is significantly lower than GDE's 3.73% return.
SPUC
- 1D
- 1.11%
- 1M
- -4.13%
- YTD
- -3.92%
- 6M
- -4.78%
- 1Y
- 25.70%
- 3Y*
- 20.70%
- 5Y*
- 12.13%
- 10Y*
- —
GDE
- 1D
- 1.62%
- 1M
- -13.97%
- YTD
- 3.73%
- 6M
- 15.80%
- 1Y
- 62.68%
- 3Y*
- 44.97%
- 5Y*
- —
- 10Y*
- —
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SPUC vs. GDE - Expense Ratio Comparison
SPUC has a 0.29% expense ratio, which is higher than GDE's 0.20% expense ratio.
Return for Risk
SPUC vs. GDE — Risk / Return Rank
SPUC
GDE
SPUC vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS Upside Convexity ETF (SPUC) 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.
| SPUC | GDE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.95 | -0.98 |
Sortino ratioReturn per unit of downside risk | 1.51 | 2.47 | -0.96 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.77 | -1.15 |
Martin ratioReturn relative to average drawdown | 6.14 | 10.77 | -4.63 |
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
| SPUC | GDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.95 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 1.13 | -0.49 |
Correlation
The correlation between SPUC and GDE is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SPUC vs. GDE - Dividend Comparison
SPUC's dividend yield for the trailing twelve months is around 8.08%, more than GDE's 4.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPUC Simplify US Equity PLUS Upside Convexity ETF | 8.08% | 7.70% | 0.94% | 1.33% | 1.53% | 2.00% | 0.75% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.16% | 4.32% | 7.14% | 2.22% | 0.81% | 0.00% | 0.00% |
Drawdowns
SPUC vs. GDE - Drawdown Comparison
The maximum SPUC drawdown since its inception was -29.20%, smaller than the maximum GDE drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for SPUC and GDE.
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Drawdown Indicators
| SPUC | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.20% | -32.01% | +2.81% |
Max Drawdown (1Y)Largest decline over 1 year | -16.09% | -22.66% | +6.57% |
Max Drawdown (5Y)Largest decline over 5 years | -29.20% | — | — |
Current DrawdownCurrent decline from peak | -7.89% | -16.07% | +8.18% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -7.75% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.26% | 5.84% | -1.58% |
Volatility
SPUC vs. GDE - Volatility Comparison
The current volatility for Simplify US Equity PLUS Upside Convexity ETF (SPUC) is 5.63%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 12.02%. This indicates that SPUC 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
| SPUC | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 12.02% | -6.39% |
Volatility (6M)Calculated over the trailing 6-month period | 13.47% | 25.26% | -11.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.54% | 32.25% | -5.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.05% | 26.19% | -4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.71% | 26.19% | -4.48% |