EQTY vs GDE
Kovitz Core Equity ETF vs WisdomTree Efficient Gold Plus Equity Strategy Fund
Which is better, EQTY or GDE?
Each has led over a different period.
GDE has a lower expense ratio. EQTY led over 1Y, GDE over 3Y and the full window. GDE is less concentrated, with 38.0% of the fund in its ten largest positions against 42.9%.
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 | EQTY | GDE |
|---|---|---|
| Expense Ratio | 0.99% | 0.20%Best |
| AUM | $1.4B | $381M |
| Dividend Yield | 0.02% | 17.11% |
| Holdings | 77 | 1,017 |
| YTD Return | +12.60%Best | -15.20% |
| 1Y Return | +16.37%Best | -12.23% |
| 3Y Return (annualized) | +19.06% | +34.03%Best |
| Volatility (annualized) | 12.8%Best | 23.2% |
| Max Drawdown | -17.3%Best | -32.9% |
| $10,000 over 3.9 years | $18,669 | $27,846Best |
| Top 10 Weight | 42.9% | 38.0%Best |
| Fund Family | Kovitz Investment Group | WisdomTree Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Dec 28, 2011 | Mar 17, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Dec 12, 2022 to Nov 11, 2026 (3.9 years).
EQTY vs GDE 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 3.9 years both funds cover.
EQTY vs GDE Performance
Kovitz Core Equity ETF (EQTY) is an ETF from Kovitz Investment Group and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) is an ETF from WisdomTree Investments. Over the past year EQTY returned +16.37% while GDE returned -12.23%. Year to date, EQTY is up 12.60% versus a loss of 15.20% for GDE.
Over three years, EQTY compounded at +19.06% per year against +34.03% for GDE. Across the full 4-year window we track, GDE has the edge at +30.03% annualized vs +17.36%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GDE has been the more volatile fund, with annualized monthly volatility of 23.2% compared with 12.8% for EQTY. 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 -17.3% for EQTY and -32.9% for GDE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.51. They move together some of the time, and apart the rest.
Fees and Cost Over Time
EQTY charges 0.99% per year while GDE charges 0.20%. On a $10,000 position that is $99 vs $20 annually, a gap of $79 per year that compounds over a long holding period. On income, EQTY currently yields 0.02% against 17.11% for GDE.
Holdings Overlap
73.4% of EQTY's money is in holdings GDE also owns. 26.5% of GDE's money is in holdings EQTY also owns.
Most of EQTY is already inside GDE. Owning both mostly buys the same companies twice.
27 positions in common, counted across the 37 positions we hold weights for in EQTY and 492 in GDE, against full books of 77 and 1,017.
What only one of them owns
Our book lists 443 positions for GDE that do not appear in our book for EQTY (69.8% of the fund), and 9 for EQTY that do not appear in GDE (19.9%).
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 EQTY | Weight in GDE | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.24% | 6.08% | 0.84% |
| AAPLApple Inc | 1.72% | 7.89% | 6.17% |
| AMZNAmazon.Com Inc | 3.14% | 3.99% | 0.85% |
| VVisa Inc Class A | 4.89% | 1.21% | 3.68% |
| PMPhilip Morris International Inc. | 4.17% | 0.48% | 3.69% |
| SCHWSchwab Strategic T | 4.30% | 0.23% | 4.07% |
| ICEInterContinental Hotels Group PLC Ord Gbp0.208521303 | 4.29% | 0.13% | 4.16% |
| WATWaters Corp. | 4.30% | 0.06% | 4.24% |
| ADIAnalog Devices | 3.97% | 0.28% | 3.69% |
| AONAon Public Limited Company Cl. A | 3.99% | 0.03% | 3.96% |
73.4% of EQTY is already inside GDE.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EQTY or GDE?
EQTY has an expense ratio of 0.99% while GDE charges 0.20%. GDE is the cheaper option, by $79 a year on a $10,000 investment.
Which performed better, EQTY or GDE?
Over the past year EQTY returned +16.37% vs -12.23% for GDE, so EQTY leads on 1-year performance. Over the longest common window we track (4 years), EQTY annualized +17.36% vs +30.03% for GDE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EQTY or GDE?
GDE has been the more volatile fund at 23.2% annualized versus 12.8% for EQTY. Worst drawdown: EQTY -17.3% vs GDE -32.9%.
Should I hold both EQTY and GDE?
EQTY and GDE have a monthly-return correlation of 0.51, 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 EQTY and GDE?
73.4% of EQTY's money is in holdings GDE also owns. 26.5% of GDE's is in holdings EQTY also owns. They hold 27 positions in common, counted across the 37 positions we hold weights for in EQTY and 492 in GDE.
Which pays a higher dividend, EQTY or GDE?
EQTY yields 0.02% while GDE yields 17.11%, so GDE currently pays the higher dividend yield.
Is GDE better than EQTY?
GDE has a lower expense ratio. EQTY led over 1Y, GDE over 3Y and the full window. GDE is less concentrated, with 38.0% of the fund in its ten largest positions against 42.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.