Do GDMN and GOAU hold the same stocks?

By their latest filings, 27% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, GDMN or GOAU?

GDMN has 12% of its weight in S&P 500 names and GOAU has 3%, so GDMN differs more from the index.

Which is cheaper, GDMN or GOAU?

GDMN charges 0.45% a year and GOAU charges 0.60%, so GDMN is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GDMN vs GOAU: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, GDMN returned +11.8% to GOAU's +19.2%; 27% of their weight is in the same names.

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Net assets: $221m on Aug 31, 2026 for WisdomTree Efficient Gold Plus Gold Miners Strategy Fund, and $165m on Jun 30, 2026 for US Global GO Gold and Precious Metal Miners ETF.

GDMN on its own →GOAU on its own →

At a glance

11.7%

GDMN in the S&P 500

2.8%

GOAU in the S&P 500

+11.8%

GDMN total return, 1 year

+19.2%

GOAU total return, 1 year

GDMN · 1 year to Nov 4, 2026 88% of its weight is outside the S&P 500

12% of GDMN's weight is in S&P 500 companies and 88% is outside the index. Holdings as of Aug 31, 2026.

GOAU · 1 year to Nov 4, 2026 97% of its weight is outside the S&P 500

3% of GOAU's weight is in S&P 500 companies and 97% is outside the index. Holdings as of Jun 30, 2026.

Pair scorecard

GDMN costs 0.15 points a year less; their one-year returns differ by 7.4 points.

GDMN vs GOAU: Holdings Overlap & Returns
Measure	GDMN	GOAU
Return
Measure	GDMN	GOAU
Total return, 1 year	+11.8%	+19.2%
Drawdown
Measure	GDMN	GOAU
Below its all-time high	44.7%, high on Jan 28, 2026	26.7%, high on Feb 27, 2026
Benchmark
Measure	GDMN	GOAU
What it tracks	Gold miners	Miners and metals
Cost and size
Measure	GDMN	GOAU
Expense ratio	0.45%	0.60%
Net assets, GDMN as of Aug 31, 2026 and GOAU as of Jun 30, 2026	$221m	$165m
Holdings
Measure	GDMN	GOAU
Holdings in common	27%

Method

Risk and return

Dec 23, 2021 to Oct 30, 2026 · 253 weekly returns

GDMN GOAU

Return

Total return edge GDMN +219.2% +126.1%

Annualized edge GDMN +26.9% +18.3%

Price return edge GDMN +142.4% +114.0%

Risk

Volatility edge GOAU 49.2% 39.1%

Max drawdown edge GOAU (slight) −50.9% −46.7%

Risk-adjusted

Sharpe edge GDMN 0.65 0.52

Sortino edge GDMN 1.02 0.81

Calmar edge GDMN 0.53 0.39

Reading

From Dec 2021 to Oct 2026, GDMN returned more: +219.2% to +126.1%. GOAU swung less: 39.1% to 49.2%. GOAU fell slightly less at its worst: −46.7% to −50.9%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: GDMN vs GOAU: Holdings Overlap & Returns
Measure	GDMN	GOAU	Edge	How it is measured
Return
Total return	+219.2%	+126.1%	GDMN	Price change plus distributions, reinvested.
Annualized	+26.9%	+18.3%	GDMN	Total return as a yearly rate.
Price return	+142.4%	+114.0%	GDMN	Price change alone, distributions left out.
Risk
Volatility	49.2%	39.1%	GOAU	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	31.2%	24.9%	GOAU	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−50.9%	−46.7%	GOAU (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.65	0.52	GDMN	Return above Treasury bills per unit of volatility.
Sortino	1.02	0.81	GDMN	Return above Treasury bills per unit of downside deviation.
Calmar	0.53	0.39	GDMN	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 253 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

27%

By the books each fund has filed, GDMN and GOAU hold 27% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

27% in common

Positions both hold · largest shared weight first GDMN GOAU

WHEATON PRECIOUS METALS CORP 4.04% 9.50%

FRANCO-NEVADA CORP 3.75% 9.93%

EVOLUTION MINING LTD 3.19% 3.13%

NEWMONT CORP 11.66% 2.82%

PAN AMERICAN SILVER CORP 2.93% 2.80%

ENDEAVOUR MINING PLC 1.83% 3.80%

HARMONY GOLD MINING COMPANY LTD 1.64% 3.96%

IAMGOLD CORP 1.51% 2.92%

DPM METALS INC 1.39% 2.04%

PERSEUS MINING LTD 0.96% 2.03%

OR ROYALTIES INC 0.90% 9.56%

K92 MINING INC 0.75% 1.94%

Only in one fund ↓

Only in GDMN

AGNICO EAGLE MINES LTD 7.23%

BARRICK MINING CORP 7.09%

ANGLOGOLD ASHANTI PLC 5.95%

KINROSS GOLD CORP 4.82%

GOLD FIELDS LTD 4.58%

NORTHERN STAR RESOURCES LTD 3.07%

ROYAL GOLD INC 2.65%

ALAMOS GOLD INC 2.26%

Only in GOAU

Aya Gold & Silver Inc 4.02%

Endeavour Silver Corp 3.76%

Capricorn Metals Ltd 3.31%

West African Resources Ltd 2.80%

Pan African Resources PLC 2.69%

Hochschild Mining PLC 2.61%

Emerald Resources NL 2.18%

Triple Flag Precious Metals Co 2.04%

Check overlap with more funds →

Window by window

Window by window: GDMN vs GOAU: Holdings Overlap & Returns
	Total return
Window	GDMN	GOAU
3 months	−5.4%	−0.2%
6 months	−22.4%	−6.8%
1 year	+11.8%	+19.2%
3 years	+294.4%	+167.4%
Since launchNot the same days: GDMN Dec 2021 · GOAU Jun 2017	+269.7%	+270.9%

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Side by side

GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund · Holds 54 stocks in gold miners, 12% of its weight in S&P 500 companies GOAU US Global GO Gold and Precious Metal Miners ETF · Holds 29 stocks in miners and metals, 3% of its weight in S&P 500 companies

Issuer WisdomTree U.S. Global

Theme Gold miners Miners and metals

In the S&P 500 11.7% 2.8%

Active share vs the S&P 500 99.8% 99.8%

In the Nasdaq-100 0.0% 0.0%

Holdings 54 29

Top ten, share of the fund 55.4% 54.9%

Expense ratio 0.45% 0.60%

Fee for the differing part 0.45% 0.60%

Total return, 1 year +11.8% +19.2%

vs its benchmark not measured not measured

Below its high −44.7% −26.7%

Net assets, GDMN as of Aug 31, 2026 and GOAU as of Jun 30, 2026 $221m $165m

As of Nov 4, 2026. Source: ETFIQ.

27% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

GDMN

By weight, 12% of GDMN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 55% of the fund across 54 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +11.8% with distributions reinvested. It sits 44.7% below its all-time high of Jan 28, 2026.

GOAU

By weight, 3% of GOAU's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 55% of the fund across 29 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +19.2% with distributions reinvested. It sits 26.7% below its all-time high of Feb 27, 2026.

Questions people ask

Do GDMN and GOAU hold the same stocks?: By their latest filings, 27% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, GDMN or GOAU?: GDMN has 12% of its weight in S&P 500 names and GOAU has 3%, so GDMN differs more from the index.
Which is cheaper, GDMN or GOAU?: GDMN charges 0.45% a year and GOAU charges 0.60%, so GDMN is cheaper. Fees come from each fund's prospectus.

Other comparisons

GDMN vs SLX GDMN vs METL GDMN vs NIKL GDMN vs PICK GOAU vs SGDJ GOAU vs SGDM GOAU vs RING GOAU vs GDXJ

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →GDMN on its own →GOAU on its own →GDMN dividend history →GDMN holdings →GOAU dividend history →GOAU holdings →Method →Standards and sources →

Sources and dates

GDMN filings on SEC EDGAR ↗

GDMN prospectus with the expense ratio (SEC) ↗

WisdomTree page for GDMN ↗

GOAU filings on SEC EDGAR ↗

GOAU prospectus with the expense ratio (SEC) ↗

U.S. Global website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, GDMN against GOAU, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gdmn-vs-goau

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