USE vs. GDMN

Last updated Jun 6, 2026

USE (USCF Energy Commodity Strategy Absolute Return Fund) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both Commodities funds. Both are actively managed. Over the past 3 years, USE returned 15.57%/yr vs 55.50%/yr for GDMN. At a 0.04 correlation, their price movements are largely independent. USE charges 0.79%/yr vs 0.45%/yr for GDMN.

Performance

USE vs. GDMN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF Energy Commodity Strategy Absolute Return Fund (USE) 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, USE achieves a 40.44% return, which is significantly higher than GDMN's -12.60% return.

USE

• 1D: -2.97%
• 1M: -1.03%
• YTD: 40.44%
• 6M: 44.80%
• 1Y: 32.58%
• 3Y*: 15.57%
• 5Y*: —
• 10Y*: —

GDMN

• 1D: -10.79%
• 1M: -19.50%
• YTD: -12.60%
• 6M: -6.38%
• 1Y: 61.89%
• 3Y*: 55.50%
• 5Y*: —
• 10Y*: —

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

USE vs. GDMN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USE USCF Energy Commodity Strategy Absolute Return Fund	40.44%	-14.97%	22.58%	9.98%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	-12.60%	237.09%	28.23%	-14.72%

Correlation

The correlation between USE and GDMN is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (All Time) Calculated using the full available price history since May 5, 2023	0.04

The correlation between USE and GDMN shifts across timeframes, from -0.16 (1 year) to 0.04 (3 years), reflecting how their relationship changes across market environments.

USE vs. GDMN - Sectors Allocation Comparison

Sectors	USE	GDMN
Financial Services	23.5%	-
Basic Materials	-	100.0%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

USE vs. GDMN — Risk / Return Rank

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

USE

USE Risk / Return Rank: 28
USE Sharpe Ratio Rank: 31
USE Sortino Ratio Rank: 32
USE Omega Ratio Rank: 30
USE Calmar Ratio Rank: 27
USE Martin Ratio Rank: 21

GDMN

GDMN Risk / Return Rank: 29
GDMN Sharpe Ratio Rank: 29
GDMN Sortino Ratio Rank: 28
GDMN Omega Ratio Rank: 32
GDMN Calmar Ratio Rank: 31
GDMN Martin Ratio Rank: 27

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.

USE vs. GDMN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF Energy Commodity Strategy Absolute Return Fund (USE) 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.

	USE	GDMN	Difference
Sharpe ratio: Return per unit of total volatility	1.03	1.00	+0.03
Sortino ratio: Return per unit of downside risk	1.60	1.46	+0.15
Omega ratio: Gain probability vs. loss probability	1.19	1.21	-0.02
Calmar ratio: Return relative to maximum drawdown	1.25	1.46	-0.21
Martin ratio: Return relative to average drawdown	2.45	3.68	-1.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USE vs. GDMN - Sharpe Ratio Comparison

The current USE Sharpe Ratio is 1.03, which is comparable to the GDMN Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of USE 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

	USE	GDMN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	1.00	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.74	-0.12

Drawdowns

USE vs. GDMN - Drawdown Comparison

The maximum USE drawdown since its inception was -26.24%, smaller than the maximum GDMN drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for USE and GDMN.

Drawdown Indicators

	USE	GDMN	Difference
Max Drawdown Largest peak-to-trough decline	-26.24%	-52.82%	+26.58%
Max Drawdown (1Y) Largest decline over 1 year	-26.24%	-42.63%	+16.39%
Max Drawdown (3Y) Largest decline over 3 years	-26.24%	-42.63%	+16.39%
Current Drawdown Current decline from peak	-9.74%	-42.63%	+32.89%
Average Drawdown Average peak-to-trough decline	-7.96%	-18.92%	+10.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.34%	16.88%	-3.54%

Volatility

USE vs. GDMN - Volatility Comparison

The current volatility for USCF Energy Commodity Strategy Absolute Return Fund (USE) is 10.19%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 18.84%. This indicates that USE 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

	USE	GDMN	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.19%	18.84%	-8.65%
Volatility (6M) Calculated over the trailing 6-month period	26.18%	53.03%	-26.85%
Volatility (1Y) Calculated over the trailing 1-year period	31.73%	62.34%	-30.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.12%	47.84%	-20.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.12%	47.84%	-20.72%

USE vs. GDMN - Expense Ratio Comparison

USE has a 0.79% expense ratio, which is higher than GDMN's 0.45% expense ratio.

Dividends

USE vs. GDMN - Dividend Comparison

USE's dividend yield for the trailing twelve months is around 2.18%, less than GDMN's 3.09% yield.

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%
USE USCF Energy Commodity Strategy Absolute Return Fund	2.18%	3.06%	38.65%	4.83%	0.00%

Frequently Asked Questions

Can I hold both USE and GDMN in my portfolio?

USE and GDMN have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USE or GDMN?

GDMN has higher volatility (18.84%) compared to USE (10.19%). In terms of maximum drawdown, USE dropped -26.24% vs GDMN's -52.82%.

Which ETF is better, USE or GDMN?

On 3-year performance, GDMN leads with 55.50% vs 15.57% for USE. On fees, GDMN is cheaper at 0.45% per year. On volatility, USE has been the lower-risk option at 10.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USE or GDMN?

Over the 3-year period, GDMN has performed better with a 55.50% return vs 15.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USE or GDMN?

GDMN is cheaper with a 0.45% expense ratio, compared with 0.79% for USE.

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

GDMN has the higher dividend yield at 3.09%, compared with 2.18% for USE.

What is the main difference between USE and GDMN?

They also come from different issuers: USCF and WisdomTree. Their fees differ too: 0.79% for USE and 0.45% for GDMN.

Which has better risk-adjusted returns?

USE currently has the higher Sharpe Ratio (1.03 vs 1.00), 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.