WGLD.DE vs. GDMN
WGLD.DE (WisdomTree Core Physical Gold) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - WGLD.DE is a Precious Metals fund tracking the Gold, while GDMN is a Commodities fund actively managed by WisdomTree. WGLD.DE is passively managed, while GDMN is actively managed. Over the past 3 years, WGLD.DE returned 28.03%/yr vs 57.22%/yr for GDMN. A 0.69 correlation means they provide meaningful diversification when combined. WGLD.DE charges 0.12%/yr vs 0.45%/yr for GDMN.
Performance
WGLD.DE vs. GDMN - Performance Comparison
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Different Trading Currencies
WGLD.DE is traded in EUR, while GDMN is traded in USD. To make them comparable, the GDMN values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, WGLD.DE achieves a 2.75% return, which is significantly higher than GDMN's -0.92% return.
WGLD.DE
- 1D
- 0.59%
- 1M
- -1.57%
- YTD
- 2.75%
- 6M
- 6.40%
- 1Y
- 30.17%
- 3Y*
- 28.03%
- 5Y*
- 19.71%
- 10Y*
- —
GDMN
- 1D
- 2.04%
- 1M
- -0.67%
- YTD
- -0.92%
- 6M
- 5.08%
- 1Y
- 77.93%
- 3Y*
- 57.22%
- 5Y*
- —
- 10Y*
- —
WGLD.DE vs. GDMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WGLD.DE WisdomTree Core Physical Gold | 2.75% | 49.08% | 34.17% | 9.39% | 7.07% | 0.02% |
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | -0.92% | 197.09% | 36.70% | 9.58% | -9.33% | 4.76% |
Correlation
The correlation between WGLD.DE and GDMN is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.69 |
The correlation between WGLD.DE and GDMN has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.
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Return for Risk
WGLD.DE vs. GDMN — Risk / Return Rank
WGLD.DE
GDMN
WGLD.DE vs. GDMN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Physical Gold (WGLD.DE) 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.
| WGLD.DE | GDMN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.05 | -0.24 |
| Martin ratioReturn relative to average drawdown | 4.60 | 4.78 | -0.18 |
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
| WGLD.DE | GDMN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.32 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 0.85 | +0.42 |
Drawdowns
WGLD.DE vs. GDMN - Drawdown Comparison
The maximum WGLD.DE drawdown since its inception was -16.58%, smaller than the maximum GDMN drawdown of -47.07%. Use the drawdown chart below to compare losses from any high point for WGLD.DE and GDMN.
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Drawdown Indicators
| WGLD.DE | GDMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.58% | -47.07% | +30.49% |
Max Drawdown (1Y)Largest decline over 1 year | -16.58% | -38.22% | +21.64% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -38.22% | +21.64% |
Max Drawdown (5Y)Largest decline over 5 years | -16.58% | — | — |
Current DrawdownCurrent decline from peak | -14.99% | -35.08% | +20.09% |
Average DrawdownAverage peak-to-trough decline | -4.27% | -18.31% | +14.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 16.35% | -9.81% |
Volatility
WGLD.DE vs. GDMN - Volatility Comparison
The current volatility for WisdomTree Core Physical Gold (WGLD.DE) is 5.05%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 17.06%. This indicates that WGLD.DE 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.
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Volatility by Period
| WGLD.DE | GDMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 17.06% | -12.01% |
Volatility (6M)Calculated over the trailing 6-month period | 20.18% | 49.98% | -29.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 59.36% | -36.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 44.77% | -28.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 44.77% | -28.89% |
WGLD.DE vs. GDMN - Expense Ratio Comparison
WGLD.DE has a 0.12% expense ratio, which is lower than GDMN's 0.45% expense ratio.
Dividends
WGLD.DE vs. GDMN - Dividend Comparison
WGLD.DE has not paid dividends to shareholders, while GDMN's dividend yield for the trailing twelve months is around 2.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 2.76% | 2.70% | 9.44% | 7.69% | 1.44% |
WGLD.DE WisdomTree Core Physical Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WGLD.DE and GDMN have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WGLD.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WGLD.DE is cheaper with a 0.12% expense ratio, compared with 0.45% for GDMN.
WGLD.DE is categorized as Precious Metals, while GDMN is Commodities. Their fees differ too: 0.12% for WGLD.DE and 0.45% for GDMN.
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