GDE vs SPYM
WisdomTree Efficient Gold Plus Equity Strategy Fund vs State Street SPDR Portfolio S&P 500 ETF
Which is better, GDE or SPYM?
Each has led over a different period.
SPYM has a lower expense ratio. GDE led over 3Y and the full window, SPYM over 1Y. GDE is less concentrated, with 38.0% of the fund in its ten largest positions against 38.8%.
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 | GDE | SPYM |
|---|---|---|
| Expense Ratio | 0.20% | 0.02%Best |
| AUM | $381M | $178.8B |
| Dividend Yield | 17.11% | 1.02% |
| Holdings | 1,017 | 1,017 |
| YTD Return | -15.20% | +12.12%Best |
| 1Y Return | -12.23% | +12.53%Best |
| 3Y Return (annualized) | +34.03%Best | +21.53% |
| 5Y Return (annualized) | - | +11.93% |
| Volatility (annualized) | 24.5% | 15.5%Best |
| Max Drawdown | -32.9% | -22.1%Best |
| $10,000 over 4.7 years | $23,421Best | $18,512 |
| Top 10 Weight | 38.0%Best | 38.8% |
| Fund Family | WisdomTree Investments | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 17, 2022 | Nov 8, 2005 |
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Mar 17, 2022 to Nov 11, 2026 (4.7 years).
GDE vs SPYM 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 4.7 years both funds cover.
GDE vs SPYM Performance
WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) is an ETF from WisdomTree Investments and State Street SPDR Portfolio S&P 500 ETF (SPYM) is an ETF from State Street Investment Management. Over the past year GDE returned -12.23% while SPYM returned +12.53%. Year to date, GDE is down 15.20% versus a gain of 12.12% for SPYM.
Over three years, GDE compounded at +34.03% per year against +21.53% for SPYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GDE has been the more volatile fund, with annualized monthly volatility of 24.5% compared with 15.5% for SPYM. 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 -32.9% for GDE and -22.1% for SPYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GDE charges 0.20% per year while SPYM charges 0.02%. On a $10,000 position that is $20 vs $2 annually, a gap of $18 per year that compounds over a long holding period. On income, GDE currently yields 17.11% against 1.02% for SPYM.
Holdings Overlap
90.3% of GDE's money is in holdings SPYM also owns. 88.1% of SPYM's money is in holdings GDE also owns.
Most of GDE is already inside SPYM. Owning both mostly buys the same companies twice.
406 positions in common, counted across the 492 positions we hold weights for in GDE and 505 in SPYM, against full books of 1,017 and 1,017.
What only one of them owns
Our book lists 96 positions for SPYM that do not appear in our book for GDE (11.5% of the fund), and 68 for GDE that do not appear in SPYM (5.7%).
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 GDE | Weight in SPYM | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.25% | 8.05% | 0.20% |
| AAPLApple Inc | 7.89% | 7.52% | 0.37% |
| MSFTMicrosoft Corp | 6.08% | 5.95% | 0.13% |
| AMZNAmazon.Com Inc | 3.99% | 3.75% | 0.24% |
| AVGOBroadcom Inc | 2.32% | 2.47% | 0.15% |
| LLYEli Lilly & Co | 1.87% | 1.45% | 0.42% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.72% | 1.47% | 0.25% |
| TSLATesla Inc | 1.62% | 1.55% | 0.07% |
| MUMicron Technology, Inc. | 1.53% | 1.55% | 0.02% |
| AMDAdvanced Micro Devices Inc | 1.42% | 1.40% | 0.02% |
90.3% of GDE is already inside SPYM.
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, GDE or SPYM?
GDE has an expense ratio of 0.20% while SPYM charges 0.02%. SPYM is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, GDE or SPYM?
Over the past year GDE returned -12.23% vs +12.53% for SPYM, so SPYM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GDE or SPYM?
GDE has been the more volatile fund at 24.5% annualized versus 15.5% for SPYM. Worst drawdown: GDE -32.9% vs SPYM -22.1%.
Should I hold both GDE and SPYM?
GDE and SPYM have a monthly-return correlation of 0.68, 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 GDE and SPYM?
90.3% of GDE's money is in holdings SPYM also owns. 88.1% of SPYM's is in holdings GDE also owns. They hold 406 positions in common, counted across the 492 positions we hold weights for in GDE and 505 in SPYM.
Which pays a higher dividend, GDE or SPYM?
GDE yields 17.11% while SPYM yields 1.02%, so GDE currently pays the higher dividend yield.
Is SPYM better than GDE?
SPYM has a lower expense ratio. GDE led over 3Y and the full window, SPYM over 1Y. GDE is less concentrated, with 38.0% of the fund in its ten largest positions against 38.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.