GDE
WisdomTree Efficient Gold Plus Equity Strategy Fund
stock BATS ETF

I’ve been experimenting with a portfolio of Global Equities, Trend and Bonds.
No matter how I cut it, adding Gold always seems to improve CAGR and reduce drawdown.
I don’t know if this is a side effect of having trend vs not, or the testing periods I’m picking (last X years + total since inception):
[https://testfol.io/?s=3C77EEn0Cw9](https://testfol.io/?s=3C77EEn0Cw9)
I am not a fan of gold in a portfolio, but when paired with stocks, bonds and trend, it seems to always be a good choice?
When return stacked with something daily rebalanced like GDE, which allows for the same equity exposure with a US tilt, it does just as well but doesn’t manage the drawdown as much:
[https://testfol.io/?s=hiaZKYHzqdG](https://testfol.io/?s=hiaZKYHzqdG)
What am I missing? Is gold a no brainer?

You can check out some strategies at this website: https://bestfolio.app/leaderboard
With a fixed unleveraged buy-and-hold allocation the best risk adjusted returns (highest Sharpe) is the ‘Golden Ratio’ portfolio with CAGR 9,7%. Allocation to VUG, AVUV, VGLT, GLD, DBMF and BIL.
For a buy and hold strategy with leverage, the ‘Return Stacked Quartet’ is better with a CAGR 13,9%. Allocation to NTSX, GDE, RSST and ZROZ.
If you want to use different sleeves and indicators to allocate dynamically ‘Hybrid Asset Allocation’. There are different versions of it but the one with the best Sharpe gives 24,9% CAGR with max -27% drawdown with 52 years of data.
If low drawdown is your priority, ‘Defensive Asset Allocation’ may also be an option. It’s also a dynamic allocation strategy with CAGR 13% and max drawdown -16,6% (version with gold and managed futures).

I’ve been experimenting with a portfolio of Global Equities, Trend and Bonds.
No matter how I cut it, adding Gold always seems to improve CAGR and reduce drawdown.
I don’t know if this is a side effect of having trend vs not, or the testing periods I’m picking (last X years + total since inception):
[https://testfol.io/?s=3C77EEn0Cw9](https://testfol.io/?s=3C77EEn0Cw9)
I am not a fan of gold in a portfolio, but when paired with stocks, bonds and trend, it seems to always be a good choice?
When return stacked with something daily rebalanced like GDE, which allows for the same equity exposure with a US tilt, it does just as well but doesn’t manage the drawdown as much:
[https://testfol.io/?s=hiaZKYHzqdG](https://testfol.io/?s=hiaZKYHzqdG)
What am I missing? Is gold a no brainer?

You can check out some strategies at this website: https://bestfolio.app/leaderboard
With a fixed unleveraged buy-and-hold allocation the best risk adjusted returns (highest Sharpe) is the ‘Golden Ratio’ portfolio with CAGR 9,7%. Allocation to VUG, AVUV, VGLT, GLD, DBMF and BIL.
For a buy and hold strategy with leverage, the ‘Return Stacked Quartet’ is better with a CAGR 13,9%. Allocation to NTSX, GDE, RSST and ZROZ.
If you want to use different sleeves and indicators to allocate dynamically ‘Hybrid Asset Allocation’. There are different versions of it but the one with the best Sharpe gives 24,9% CAGR with max -27% drawdown with 52 years of data.
If low drawdown is your priority, ‘Defensive Asset Allocation’ may also be an option. It’s also a dynamic allocation strategy with CAGR 13% and max drawdown -16,6% (version with gold and managed futures).