SPYG vs. GDE
SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - SPYG is a S&P 500 fund tracking the S&P 500 Growth Index, while GDE is a Gold fund actively managed by WisdomTree. SPYG is passively managed, while GDE is actively managed. Over the past 3 years, SPYG returned 25.85%/yr vs 42.64%/yr for GDE. A 0.61 correlation means they provide meaningful diversification when combined. SPYG charges 0.04%/yr vs 0.20%/yr for GDE.
Performance
SPYG vs. GDE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYG achieves a 9.70% return, which is significantly higher than GDE's 3.16% return.
SPYG
- 1D
- 0.41%
- 1M
- -1.24%
- YTD
- 9.70%
- 6M
- 10.60%
- 1Y
- 29.17%
- 3Y*
- 25.85%
- 5Y*
- 14.92%
- 10Y*
- 17.91%
GDE
- 1D
- 0.67%
- 1M
- -9.22%
- YTD
- 3.16%
- 6M
- 4.00%
- 1Y
- 40.98%
- 3Y*
- 42.64%
- 5Y*
- —
- 10Y*
- —
SPYG vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 9.70% | 22.09% | 35.99% | 30.02% | -18.61% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 3.16% | 73.76% | 44.79% | 33.85% | -8.58% |
Correlation
The correlation between SPYG and GDE is 0.53, 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 | 0.53 |
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 SPYG and GDE has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.
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Return for Risk
SPYG vs. GDE — Risk / Return Rank
SPYG
GDE
SPYG vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) 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.
| SPYG | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.26 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 1.83 | +0.18 |
| Martin ratioReturn relative to average drawdown | 8.08 | 5.36 | +2.72 |
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Drawdowns
SPYG vs. GDE - Drawdown Comparison
The maximum SPYG drawdown since its inception was -67.63%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for SPYG and GDE.
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Drawdown Indicators
| SPYG | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.63% | -32.01% | -35.62% |
Max Drawdown (1Y)Largest decline over 1 year | -13.76% | -22.66% | +8.90% |
Max Drawdown (3Y)Largest decline over 3 years | -22.14% | -22.66% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -32.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.67% | — | — |
Current DrawdownCurrent decline from peak | -4.65% | -16.53% | +11.88% |
Average DrawdownAverage peak-to-trough decline | -24.30% | -7.93% | -16.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 7.73% | -4.31% |
Volatility
SPYG vs. GDE - Volatility Comparison
The current volatility for State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) is 6.33%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 10.77%. This indicates that SPYG 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
| SPYG | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 10.77% | -4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 25.97% | -12.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.81% | 29.88% | -13.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.27% | 27.09% | -5.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.70% | 27.09% | -6.39% |
SPYG vs. GDE - Expense Ratio Comparison
SPYG has a 0.04% expense ratio, which is lower than GDE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYG vs. GDE - Dividend Comparison
SPYG's dividend yield for the trailing twelve months is around 0.48%, 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% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.48% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
Frequently Asked Questions
SPYG and GDE have a correlation of 0.53, 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 SPYG (6.33%). In terms of maximum drawdown, SPYG dropped -67.63% vs GDE's -32.01%.
On 3-year performance, GDE leads with 42.64% vs 25.85% for SPYG. On fees, SPYG is cheaper at 0.04% per year. On volatility, SPYG has been the lower-risk option at 6.33%. 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 25.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPYG is cheaper with a 0.04% expense ratio, compared with 0.20% for GDE.
GDE has the higher dividend yield at 4.19%, compared with 0.48% for SPYG.
SPYG is categorized as S&P 500, while GDE is Gold. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.04% for SPYG and 0.20% for GDE.
SPYG currently has the higher Sharpe Ratio (1.65 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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