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ETFs

WisdomTree Efficient Gold Plus Gold Miners Strategy Fund

GDMN
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Dec 16 2021
Expense Ratio
0.45%
Type
Global Diversified
Fund Owner
Wisdom Tree
Volume (1m avg. daily)
$33,165
AUM
$6,920,101
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No

Top 10 Holdings

NEM
Newmont Corp
9.43%
GOLD
Barrick Gold Corp.
8.87%
GDMN
WisdomTree Trust - WisdomTree Efficient Gold Plus Gold Miners Strategy Fund
8.14%
FNV
Franco-Nevada Corporation
8.06%
AEM
Agnico Eagle Mines Ltd
6.20%
NST
Northern Star Resources Ltd
4.38%
GFI
Gold Fields Ltd - ADR - Level II
4.24%
WPM
Wheaton Precious Metals Corp
4.12%
NCM
Newcrest Mining
4.03%
AU
Anglogold Ashanti-Spon ADR
3.95%
Invest with GDMN

What is GDMN?

The Fund is actively managed using a models-based approach. The Fund seeks to achieve its investment objective by investing, either directly or through a wholly-owned subsidiary, in a portfolio comprised of (i) U.S.-listed gold futures contracts and (ii) global equity securities issued by companies that derive at least 50% of their revenue from the gold mining business ( Gold Miners ). The Fund uses U.S.-listed gold futures contracts to enhance the capital efficiency of the Fund. Capital efficiency is the ability for an investment to gain exposure to a particular market while using fewer assets. Under normal circumstances, the Fund will have approximately equal exposure to U.S.-listed gold futures contracts and global equity securities issued by Gold Miners. The Fund generally will invest approximately 90% of its net assets in global equity securities issued by Gold Miners, while the Fund s aggregate U.S.-listed gold futures contracts positions typically will represent a notional exposure (i.e., the total underlying amount of exposure created by a derivatives trade) of approximately 90% of the Fund s net assets. To the extent exposure of the Fund deviates from this targeted allocation by 5% or greater, it is anticipated that the Fund will be rebalanced to more closely align with the original target allocations.

ETFs related toGDMN

ETFs correlated to GDMN include GDX, NUGT, GDXU

GDMN
WisdomTree Trust - WisdomTree Efficient Gold Plus Gold Miners Strategy Fund
GDX
VanEck ETF Trust - VanEck Gold Miners ETF
NUGT
Direxion Shares ETF Trust - Direxion Daily Gold Miners Index Bull 2X Shares
GDXU
Bank of Montreal - MicroSectors Gold Miners 3X Leveraged ETN
RING
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Gold Miners ETF
JNUG
Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bull 2X Shares
GDXJ
VanEck ETF Trust - VanEck Junior Gold Miners ETF
SIL
Global X Funds - Global X Silver Miners ETF
SILJ
ETF Managers Group LLC - ETFMG Prime Junior Silver Miners ETF
GLD
SSgA Active Trust - SPDR Gold Shares ETF
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toGDMN

#DGD

Diversify with Gold & the Dollar

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Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

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Risk Rating

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Create your own algorithmic trading strategy with GDMN using Composer

FAQ

GDMN is a Global Diversified ETF. The Fund is actively managed using a models-based approach. The Fund seeks to achieve its investment objective by investing, either directly or through a wholly-owned subsidiary, in a portfolio comprised of (i) U.S.-listed gold futures contracts and (ii) global equity securities issued by companies that derive at least 50% of their revenue from the gold mining business ( Gold Miners ). The Fund uses U.S.-listed gold futures contracts to enhance the capital efficiency of the Fund. Capital efficiency is the ability for an investment to gain exposure to a particular market while using fewer assets. Under normal circumstances, the Fund will have approximately equal exposure to U.S.-listed gold futures contracts and global equity securities issued by Gold Miners. The Fund generally will invest approximately 90% of its net assets in global equity securities issued by Gold Miners, while the Fund s aggregate U.S.-listed gold futures contracts positions typically will represent a notional exposure (i.e., the total underlying amount of exposure created by a derivatives trade) of approximately 90% of the Fund s net assets. To the extent exposure of the Fund deviates from this targeted allocation by 5% or greater, it is anticipated that the Fund will be rebalanced to more closely align with the original target allocations.

Yes, GDMN is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, GDMN is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GDMN is -0.0083%. This is the percent change in the value of GDMN over the most recent 1-month period. The 3-month return on GDMN is -0.0675%. This is the percent change in the value of GDMN over the most recent 3-month period.

The standard deviation of GDMN for the past year is 0.4243%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GDMN include AOR, DRSK, and FPEI.

ETFs correlated to GDMN include GDX, NUGT, and GDXU.

ETFs that are inversely correlated to GDMN include DUST, GDXD, and JDST.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.