GDMN vs SLVP

GDMNCWisdomTree Efficient Gold Plus Gold Miners Strategy Fund

SLVPBiShares MSCI Global Silver and Metals Miners ETF

In short

GDMN Gold or the miners? GDMN declines to choose. For every $100 it aims to hold roughly $90 of global gold miners plus gold futures worth about $90 more in notional terms, stacking two gold trades into one ticker.

SLVP About 40 global silver and metals miners in one ticker, priced below the typical precious-metals miner fund. Running since 2012, and read the 'metals miners' part of the name: the index reaches past pure silver plays.

Stated mandate

GDMN The Fund seeks total return by investing in U.S.-listed gold futures contracts and global equity securities of companies deriving at least 50% of their revenue from gold mining. Gold futures are used to enhance capital efficiency.

SLVP The fund is designed to follow an index of worldwide companies whose principal business is silver exploration or metals mining.

Why people hold it

• GDMN Return stacking in an ETF wrapper: about 90% of net assets in gold miner equities, with U.S.-listed gold futures adding roughly 90% of notional exposure on top.sec.govwisdomtree.com
• The 0.45% fee sits under the typical precious-metals miner fund and below GDX's 0.51%, even with the futures sleeve doing extra work.
• Discipline is written into the design: when exposure drifts 5% or more from the 90/90 target, the fund is expected to rebalance back toward it.sec.gov
• Actively run, but measured against the NYSE Arca Gold Miners Index, the same benchmark behind AUAU, so the equity sleeve is judged on familiar ground.

• SLVP 0.39% a year undercuts the 0.52% median for precious-metals miner funds, and matches the fee on the iShares gold-miner sibling, RING.
• Global mandate, not a US-listing screen: the MSCI ACWI Select Silver Miners IMI covers worldwide companies whose principal business is silver exploration or metals mining.
• Trading since 2012, one of the longer-running silver miner funds on the shelf, and it stands among the stronger implementations in its precious-metals mining peer group.

Worth knowing

• GDMN The stack cuts both ways. Roughly 180% gold-linked exposure magnifies losses as well as gains, and the prospectus flags higher volatility than an unlevered version.sec.govwisdomtree.com
• It trades lightly next to the category's heavyweights, which can mean wider spreads and more care needed on size.
• Gold exposure runs through a wholly-owned Cayman subsidiary, routine for commodity futures in a fund but more machinery than a plain miners basket.sec.gov

• SLVP Roughly 40 stocks, so individual miners carry real weight and the whole basket keys off one metal's fortunes.
• "And Metals Miners" is doing work in the name: the mandate covers silver exploration or metals mining, so diversified miners can sit beside pure silver plays.
• Not the cheapest silver miner ticket: AGMI lists at 0.35%, though it lacks SLVP's record back to 2012.

Full GDMN profile⁠

Full SLVP profile⁠