VALIX vs. GDE

Last updated Jun 4, 2026

VALIX (Value Line Capital Appreciation Fund, Inc.) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both funds - VALIX is a Diversified Portfolio fund managed by T. Rowe Price, while GDE is a Gold fund actively managed by WisdomTree. Over the past 3 years, VALIX returned 23.59%/yr vs 46.68%/yr for GDE. A 0.60 correlation means they provide meaningful diversification when combined. VALIX charges 1.07%/yr vs 0.20%/yr for GDE.

Performance

VALIX vs. GDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Value Line Capital Appreciation Fund, Inc. (VALIX) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VALIX achieves a 13.49% return, which is significantly higher than GDE's 9.79% return.

VALIX

• 1D: -0.61%
• 1M: 9.60%
• YTD: 13.49%
• 6M: 12.04%
• 1Y: 30.34%
• 3Y*: 23.59%
• 5Y*: 9.99%
• 10Y*: 13.21%

GDE

• 1D: -1.35%
• 1M: 1.88%
• YTD: 9.79%
• 6M: 11.87%
• 1Y: 53.13%
• 3Y*: 46.68%
• 5Y*: —
• 10Y*: —

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

VALIX vs. GDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VALIX Value Line Capital Appreciation Fund, Inc.	13.49%	20.76%	21.20%	34.45%	-20.93%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	9.79%	73.76%	44.79%	33.85%	-18.67%

Correlation

The correlation between VALIX and GDE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022	0.60

The correlation between VALIX and GDE shifts across timeframes, from 0.48 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VALIX vs. GDE — Risk / Return Rank

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

VALIX

VALIX Risk / Return Rank: 49
VALIX Sharpe Ratio Rank: 58
VALIX Sortino Ratio Rank: 53
VALIX Omega Ratio Rank: 52
VALIX Calmar Ratio Rank: 45
VALIX Martin Ratio Rank: 39

GDE

GDE Risk / Return Rank: 49
GDE Sharpe Ratio Rank: 54
GDE Sortino Ratio Rank: 45
GDE Omega Ratio Rank: 54
GDE Calmar Ratio Rank: 47
GDE Martin Ratio Rank: 44

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.

VALIX vs. GDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Value Line Capital Appreciation Fund, Inc. (VALIX) 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.

	VALIX	GDE	Difference
Sharpe ratio: Return per unit of total volatility	2.24	1.88	+0.36
Sortino ratio: Return per unit of downside risk	3.08	2.32	+0.76
Omega ratio: Gain probability vs. loss probability	1.40	1.34	+0.06
Calmar ratio: Return relative to maximum drawdown	2.54	2.36	+0.19
Martin ratio: Return relative to average drawdown	8.43	7.34	+1.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VALIX vs. GDE - Sharpe Ratio Comparison

The current VALIX Sharpe Ratio is 2.24, which is comparable to the GDE Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of VALIX and GDE, 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

	VALIX	GDE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	1.88	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	1.15	-0.57

Drawdowns

VALIX vs. GDE - Drawdown Comparison

The maximum VALIX drawdown since its inception was -35.14%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for VALIX and GDE.

Drawdown Indicators

	VALIX	GDE	Difference
Max Drawdown Largest peak-to-trough decline	-35.14%	-32.01%	-3.13%
Max Drawdown (1Y) Largest decline over 1 year	-12.36%	-22.66%	+10.30%
Max Drawdown (3Y) Largest decline over 3 years	-17.62%	-22.66%	+5.04%
Max Drawdown (5Y) Largest decline over 5 years	-35.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.14%	—	—
Current Drawdown Current decline from peak	-0.61%	-11.17%	+10.56%
Average Drawdown Average peak-to-trough decline	-6.57%	-7.88%	+1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.71%	7.26%	-3.55%

Volatility

VALIX vs. GDE - Volatility Comparison

The current volatility for Value Line Capital Appreciation Fund, Inc. (VALIX) is 4.93%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 6.65%. This indicates that VALIX 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.

Volatility by Period

	VALIX	GDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	6.65%	-1.72%
Volatility (6M) Calculated over the trailing 6-month period	11.09%	24.24%	-13.15%
Volatility (1Y) Calculated over the trailing 1-year period	14.03%	28.39%	-14.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.16%	26.12%	-6.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.89%	26.12%	-7.23%

VALIX vs. GDE - Expense Ratio Comparison

VALIX has a 1.07% expense ratio, which is higher than GDE's 0.20% expense ratio.

Dividends

VALIX vs. GDE - Dividend Comparison

VALIX's dividend yield for the trailing twelve months is around 5.31%, more than GDE's 3.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund	3.94%	4.32%	7.14%	2.22%	0.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VALIX Value Line Capital Appreciation Fund, Inc.	5.31%	6.03%	0.79%	0.75%	11.01%	10.83%	5.49%	9.79%	8.28%	5.57%	5.75%	6.86%

Frequently Asked Questions

Can I hold both VALIX and GDE in my portfolio?

VALIX and GDE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VALIX or GDE?

GDE has higher volatility (6.65%) compared to VALIX (4.93%). In terms of maximum drawdown, VALIX dropped -35.14% vs GDE's -32.01%.

Which has better risk-adjusted returns?

VALIX currently has the higher Sharpe Ratio (2.24 vs 1.88), 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.