WisdomTree Efficient Gold Plus Gold Miners Strategy Fund

GDMN

Market cap $254M

The WisdomTree Efficient Gold Plus Gold Miners Strategy Fund ETF (GDMN) has delivered 230% return year-to-date. But that stellar performance, comes with strings attached and some important considerations for equity investors. The GDMN could serve a very different role as part of an all-equity portfolio to what direct gold exposure does.

With just a couple of weeks left in 2025, it's clear gold will rank as one of this year's best-performing assets. It set more than 50 record highs this year and there's time left to add to that tally.

The WisdomTree Efficient Gold Plus Gold Miners ETF offers capital-efficient exposure to both gold and gold miners through responsible leverage using futures. GDMN enables investors to achieve 1.8x combined exposure to gold and miners with less capital, freeing up funds for other portfolio allocations. While GDMN has delivered strong returns, short-term volatility is expected; long-term holders may benefit most from its capital efficiency.

Physical gold ETFs retreated over the past week. That situation has been particularly onerous for gold mining equities and ETFs.

The WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) offers combined exposure to gold and gold miners in a single ETF. GDMN employs a capital-efficient, leveraged structure by stacking gold mining stocks and gold futures, amplifying both gains and losses. The fund provides diversified access to major global miners and direct gold price exposure, appealing to investors with a strong bullish gold outlook.

WisdomTree Efficient Gold Plus Gold Miners Strategy Fund has surged 244% since March 2024, outperforming gold, GDX, and GDE. GDMN offers leveraged exposure to gold miners and gold futures, but its high volatility and liquidity risks warrant caution and smaller position sizing. Despite strong momentum and a solid valuation, GDMN is technically overbought, with a potential short-term pullback to the $57 support zone likely.

Independent recognition. Innovative strategies.

It may not be the end of the quarter yet, but we have made it through summer, and that seems like a good checkpoint to evaluate the top ETF investment themes YTD. Let's take a moment to look in this year's thematic ETF rearview mirror.

September is one of the worst months of the year for stocks. October is infamous in its own right.

The largest ETF backed by physical holdings of gold has more than tripled YTD returns of the S&P 500. Some investors may interpret that as meaning bullion's upside from here could be capped.