WDGF vs. GDMN

Last updated Jun 4, 2026

WDGF (WisdomTree Global Defense Fund) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - WDGF is a Aerospace & Defense fund tracking the WisdomTree Global Defense Index, while GDMN is a Commodities fund actively managed by WisdomTree. WDGF is passively managed, while GDMN is actively managed. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.45% expense ratio.

Performance

WDGF vs. GDMN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Global Defense Fund (WDGF) 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, WDGF achieves a 3.03% return, which is significantly higher than GDMN's -4.13% return.

WDGF

• 1D: -1.45%
• 1M: -3.36%
• YTD: 3.03%
• 6M: 8.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDMN

• 1D: -3.68%
• 1M: -2.43%
• YTD: -4.13%
• 6M: 2.73%
• 1Y: 76.93%
• 3Y*: 60.95%
• 5Y*: —
• 10Y*: —

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

WDGF vs. GDMN - Yearly Performance Comparison

	2026 (YTD)	2025
WDGF WisdomTree Global Defense Fund	3.03%	-0.25%
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	-4.13%	36.69%

Correlation

The correlation between WDGF and GDMN is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 15, 2025	0.39

Return for Risk

WDGF vs. GDMN — Risk / Return Rank

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

GDMN

GDMN Risk / Return Rank: 34
GDMN Sharpe Ratio Rank: 34
GDMN Sortino Ratio Rank: 30
GDMN Omega Ratio Rank: 36
GDMN Calmar Ratio Rank: 39
GDMN Martin Ratio Rank: 31

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.

WDGF vs. GDMN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global Defense Fund (WDGF) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	WDGF	GDMN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.80	-0.63

Drawdowns

WDGF vs. GDMN - Drawdown Comparison

The maximum WDGF drawdown since its inception was -14.36%, smaller than the maximum GDMN drawdown of -52.82%. Use the drawdown chart below to compare losses from any high point for WDGF and GDMN.

Drawdown Indicators

	WDGF	GDMN	Difference
Max Drawdown Largest peak-to-trough decline	-14.36%	-52.82%	+38.46%
Max Drawdown (1Y) Largest decline over 1 year	—	-39.03%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-39.03%	—
Current Drawdown Current decline from peak	-12.77%	-37.06%	+24.29%
Average Drawdown Average peak-to-trough decline	-5.46%	-18.89%	+13.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.51%	—

Volatility

Volatility by Period

	WDGF	GDMN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.94%	—
Volatility (6M) Calculated over the trailing 6-month period	—	51.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.41%	61.32%	-38.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.41%	47.59%	-25.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.41%	47.59%	-25.18%

WDGF vs. GDMN - Expense Ratio Comparison

Both WDGF and GDMN have an expense ratio of 0.45%.

Dividends

WDGF vs. GDMN - Dividend Comparison

WDGF's dividend yield for the trailing twelve months is around 0.05%, less than GDMN's 2.82% yield.

Position	TTM	2025	2024	2023	2022
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund	2.82%	2.70%	9.44%	7.69%	1.44%
WDGF WisdomTree Global Defense Fund	0.05%	0.05%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WDGF and GDMN in my portfolio?

WDGF and GDMN have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WDGF or GDMN?

Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WDGF or GDMN?

WDGF and GDMN have the same expense ratio: 0.45% per year.

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

GDMN has the higher dividend yield at 2.82%, compared with 0.05% for WDGF.

What is the main difference between WDGF and GDMN?

WDGF is categorized as Aerospace & Defense, while GDMN is Commodities.