Distance measures between graphs are important primitives for a variety of learning tasks. In this work, we describe an unsupervised, optimal transport based approach to define a distance between graphs. Our idea is to derive representations of graphs as Gaussian mixture models, fitted to distributions of sampled node embeddings over the same space. The Wasserstein distance between these Gaussian mixture distributions then yields an interpretable and easily computable distance measure, which can further be tailored for the comparison at hand by choosing appropriate embeddings. We propose two embeddings for this framework and show that under certain assumptions about the shape of the resulting Gaussian mixture components, further computational improvements of this Wasserstein distance can be achieved. An empirical validation of our findings on synthetic data and real-world Functional Brain Connectivity networks shows promising performance compared to existing embedding methods.