GDMN vs SPY
GDMN vs SPY
WisdomTree Efficient Gold Plus Gold Miners Strategy Fund ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. GDMN delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | GDMN | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.09% | |
| AUM | $140M | $789.1B | |
| Dividend Yield | 3.47% | 1.01% | |
| Holdings | 63 | 505 | |
| YTD Return | -3.98% | +13.79% | |
| 1Y Return | +62.05% | +23.66% | |
| 3Y Return (annualized) | +66.47% | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 47.7% | 15.3% | |
| Max Drawdown | -52.8% | -56.5% | |
| Fund Family | WisdomTree Investments | State Street Investment Management | |
| Category | Commodity | Equity | |
| Inception | Dec 14, 2021 | Jan 22, 1993 |
GDMN vs SPY Performance
WisdomTree Efficient Gold Plus Gold Miners Strategy Fund ETF (GDMN) is a ETF from WisdomTree Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year GDMN returned +62.05% while SPY returned +23.66%. Year to date, GDMN is down 3.98% versus a gain of 13.79% for SPY.
Over three years, GDMN compounded at +66.47% per year against +21.40% for SPY. Across the full 5-year window we track, GDMN has the edge at +36.31% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GDMN has been the more volatile fund, with annualized monthly volatility of 47.7% compared with 15.3% 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 -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.23. They move independently enough that combining them can meaningfully diversify a portfolio.
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 3.47% against 1.01% for SPY.
Holdings Overlap
GDMN and SPY share 1 holdings out of 558 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GDMN | Weight in SPY | Difference |
|---|---|---|---|
| NEM | 12.55% | 0.16% | 12.39% |
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. On a $10,000 investment, that is $36 per year of difference.
Which performed better, GDMN or SPY?
Over the past year GDMN returned +62.05% vs +23.66% for SPY, so GDMN leads on 1-year performance. Over the longest common window we track (5 years), GDMN annualized +36.31% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, GDMN or SPY?
GDMN has been the more volatile fund at 47.7% annualized versus 15.3% for SPY. Worst drawdown: GDMN -52.8% vs SPY -56.5%.
Should I hold both GDMN and SPY?
GDMN and SPY have a monthly-return correlation of 0.23, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GDMN and SPY?
GDMN and SPY share 1 common holdings with a 0.2% weight overlap. Combined, they hold 558 unique securities.
Which pays a higher dividend, GDMN or SPY?
GDMN yields 3.47% while SPY yields 1.01%, so GDMN currently pays the higher dividend yield.
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