WTMF vs. GXDW
WTMF (WisdomTree Managed Futures Strategy Fund) and GXDW (Global X Dorsey Wright Thematic ETF) are both Systematic Trend funds - WTMF tracks the WisdomTree Managed Futures Index while GXDW tracks the Nasdaq Dorsey Wright Thematic Rotation Total Return Index. Both are passively managed. Over the past 5 years, WTMF returned 6.09%/yr vs -13.25%/yr for GXDW. Their 0.30 correlation means their historical movements had little consistent relationship. WTMF charges 0.65%/yr vs 0.50%/yr for GXDW.
Performance
WTMF vs. GXDW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WTMF achieves a 8.10% return, which is significantly higher than GXDW's -3.37% return.
WTMF
- 1D
- -0.05%
- 1M
- 0.96%
- 6M
- 8.70%
- YTD
- 8.10%
- 1Y
- 18.77%
- 3Y*
- 9.32%
- 5Y*
- 6.09%
- 10Y*
- 3.47%
- ALL TIME*
- 1.16%
GXDW
- 1D
- -1.04%
- 1M
- -8.67%
- 6M
- -7.01%
- YTD
- -3.37%
- 1Y
- -8.01%
- 3Y*
- -5.28%
- 5Y*
- -13.25%
- 10Y*
- —
- ALL TIME*
- -0.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $66.28K | $83.18K | $192.33K | |
| $1.17M | $1.17M | $1.11M |
WTMF vs. GXDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WTMF WisdomTree Managed Futures Strategy Fund | 8.10% | 12.17% | 3.20% | 16.72% | -6.52% | 9.48% | 0.48% | 0.23% |
GXDW Global X Dorsey Wright Thematic ETF | -3.37% | 3.52% | -3.55% | 10.26% | -48.08% | 3.21% | 61.07% | 4.74% |
Correlation
The correlation between WTMF and GXDW is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2019 | 0.30 |
Over the past year, WTMF and GXDW have become more correlated (0.57) than their long-term average of 0.30, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WTMF vs. GXDW — Risk / Return Rank
WTMF
GXDW
WTMF vs. GXDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Managed Futures Strategy Fund (WTMF) and Global X Dorsey Wright Thematic ETF (GXDW). 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.
| WTMF | GXDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.25 | ||
| Sortino ratioReturn per unit of downside risk | +2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.97 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 4.38 | -0.34 | +4.72 |
| Martin ratioReturn relative to average drawdown | 16.87 | -0.78 | +17.65 |
Loading charts...
Drawdowns
WTMF vs. GXDW - Drawdown Comparison
The maximum WTMF drawdown since its inception was -30.79%, smaller than the maximum GXDW drawdown of -67.81%. Use the drawdown chart below to compare losses from any high point for WTMF and GXDW.
Loading charts...
Drawdown Indicators
| WTMF | GXDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.79% | -67.81% | +37.02% |
Max Drawdown (1Y)Largest decline over 1 year | -4.04% | -29.14% | +25.10% |
Max Drawdown (3Y)Largest decline over 3 years | -9.93% | -29.14% | +19.21% |
Max Drawdown (5Y)Largest decline over 5 years | -13.21% | -61.17% | +47.96% |
Max Drawdown (10Y)Largest decline over 10 years | -14.83% | — | — |
Current DrawdownCurrent decline from peak | -0.87% | -61.80% | +60.93% |
Average DrawdownAverage peak-to-trough decline | -17.53% | -43.41% | +25.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 12.56% | -11.51% |
Volatility
WTMF vs. GXDW - Volatility Comparison
The current volatility for WisdomTree Managed Futures Strategy Fund (WTMF) is 2.19%, while Global X Dorsey Wright Thematic ETF (GXDW) has a volatility of 13.48%. This indicates that WTMF experiences smaller price fluctuations and is considered to be less risky than GXDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WTMF | GXDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 13.48% | -11.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.17% | 25.74% | -18.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.13% | 31.49% | -22.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.37% | 28.73% | -19.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.12% | 30.13% | -22.01% |
WTMF vs. GXDW - Expense Ratio Comparison
WTMF has a 0.65% expense ratio, which is higher than GXDW's 0.50% expense ratio.
Dividends
WTMF vs. GXDW - Dividend Comparison
WTMF's dividend yield for the trailing twelve months is around 2.82%, more than GXDW's 1.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GXDW Global X Dorsey Wright Thematic ETF | 1.55% | 1.40% | 1.08% | 1.99% | 1.48% | 1.56% | 0.48% | 0.31% | 0.00% |
WTMF WisdomTree Managed Futures Strategy Fund | 2.82% | 3.04% | 3.57% | 4.74% | 5.29% | 14.71% | 0.47% | 1.63% | 3.59% |
Frequently Asked Questions
WTMF and GXDW have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GXDW has higher volatility (13.48%) compared to WTMF (2.19%). In terms of maximum drawdown, WTMF dropped -30.79% vs GXDW's -67.81%.
On 5-year performance, WTMF leads with 6.09% vs -13.25% for GXDW. On fees, GXDW is cheaper at 0.50% per year. On volatility, WTMF has been the lower-risk option at 2.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, WTMF has performed better with a 6.09% return vs -13.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GXDW is cheaper with a 0.50% expense ratio, compared with 0.65% for WTMF.
WTMF has the higher dividend yield at 2.82%, compared with 1.55% for GXDW.
WTMF tracks WisdomTree Managed Futures Index, while GXDW tracks Nasdaq Dorsey Wright Thematic Rotation Total Return Index. They also come from different issuers: WisdomTree and Global X. Their fees differ too: 0.65% for WTMF and 0.50% for GXDW.
WTMF currently has the higher Sharpe Ratio (1.94 vs -0.31), 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.
Find the right allocation for WTMF and GXDW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer