GDMN vs SPY
WisdomTree Efficient Gold Plus Gold Miners Strategy Fund ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, GDMN or SPY?
Gold against Large Cap Blend.
SPY has a lower expense ratio. GDMN led over 3Y and the full window, SPY over 1Y. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 60.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GDMN | SPY |
|---|---|---|
| Expense Ratio | 0.45% | 0.09%Best |
| AUM | $214M | $823.2B |
| Dividend Yield | 3.02% | 0.99% |
| Holdings | 63 | 1,515 |
| YTD Return | -15.97% | +13.53%Best |
| 1Y Return | -6.56% | +17.47%Best |
| 3Y Return (annualized) | +60.32%Best | +22.36% |
| 5Y Return (annualized) | - | +13.21% |
| Volatility (annualized) | 49.2% | 15.6%Best |
| Max Drawdown | -52.8% | -24.5%Best |
| $10,000 over 4.8 years | $36,578Best | $17,586 |
| Top 10 Weight | 60.5% | 38.2%Best |
| Fund Family | WisdomTree Investments | State Street Investment Management |
| Category | Commodity | Equity |
| Style | Gold | Large Cap Blend |
| Inception | Dec 16, 2021 | Jan 22, 1993 |
Volatility and max drawdown, and the $10,000 over 4.8 years row, are measured over the window both funds cover: Dec 16, 2021 to Oct 14, 2026 (4.8 years).
GDMN vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.8 years both funds cover.
GDMN vs SPY Performance
WisdomTree Efficient Gold Plus Gold Miners Strategy Fund ETF (GDMN) is an ETF from WisdomTree Investments and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year GDMN returned -6.56% while SPY returned +17.47%. Year to date, GDMN is down 15.97% versus a gain of 13.53% for SPY.
Over three years, GDMN compounded at +60.32% per year against +22.36% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GDMN has been the more volatile fund, with annualized monthly volatility of 49.2% compared with 15.6% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -52.8% for GDMN and -24.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.22. They move largely independently of each other.
Fees and Cost Over Time
GDMN charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, GDMN currently yields 3.02% against 0.99% for SPY.
Holdings Overlap
11.8% of GDMN's money is in holdings SPY also owns. 0.2% of SPY's money is in holdings GDMN also owns.
GDMN and SPY share little of their money.
1 positions in common, counted across the 56 positions we hold weights for in GDMN and 504 in SPY, against full books of 63 and 1,515.
What only one of them owns
Our book lists 495 positions for SPY that do not appear in our book for GDMN (98.9% of the fund), and 5 for GDMN that do not appear in SPY (16.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in GDMN | Weight in SPY | Difference |
|---|---|---|---|
| NEMNewmont Corp Common | 11.83% | 0.20% | 11.63% |
You are not choosing between two funds in isolation.
Whichever of GDMN and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GDMN or SPY?
GDMN has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, GDMN or SPY?
Over the past year GDMN returned -6.56% vs +17.47% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GDMN or SPY?
GDMN has been the more volatile fund at 49.2% annualized versus 15.6% for SPY. Worst drawdown: GDMN -52.8% vs SPY -24.5%.
Should I hold both GDMN and SPY?
GDMN and SPY have a monthly-return correlation of 0.22, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GDMN and SPY?
11.8% of GDMN's money is in holdings SPY also owns. 0.2% of SPY's is in holdings GDMN also owns. They hold 1 positions in common, counted across the 56 positions we hold weights for in GDMN and 504 in SPY.
Which pays a higher dividend, GDMN or SPY?
GDMN yields 3.02% while SPY yields 0.99%, so GDMN currently pays the higher dividend yield.
Is SPY better than GDMN?
SPY has a lower expense ratio. GDMN led over 3Y and the full window, SPY over 1Y. SPY is less concentrated, with 38.2% of the fund in its ten largest positions against 60.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.