ARAW.DE vs. GDXJ

Last updated Jun 4, 2026

ARAW.DE (abrdn Future Raw Materials UCITS ETF) and GDXJ (VanEck Junior Gold Miners ETF) are both exchange-traded funds - ARAW.DE is a Materials fund actively managed by abrdn, while GDXJ is a Gold fund tracking the MVIS Global Junior Gold Miners Index. ARAW.DE is actively managed, while GDXJ is passively managed. Over the past year, ARAW.DE returned 148.79% vs 61.83% for GDXJ. At a 0.44 correlation, their price movements are largely independent. ARAW.DE charges 0.45%/yr vs 0.52%/yr for GDXJ.

Performance

ARAW.DE vs. GDXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in abrdn Future Raw Materials UCITS ETF (ARAW.DE) and VanEck Junior Gold Miners ETF (GDXJ). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ARAW.DE is traded in EUR, while GDXJ is traded in USD. To make them comparable, the GDXJ values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ARAW.DE achieves a 28.98% return, which is significantly higher than GDXJ's -1.38% return.

ARAW.DE

• 1D: -2.13%
• 1M: 5.03%
• YTD: 28.98%
• 6M: 39.99%
• 1Y: 148.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDXJ

• 1D: -4.19%
• 1M: -1.25%
• YTD: -1.38%
• 6M: 6.85%
• 1Y: 61.83%
• 3Y*: 42.25%
• 5Y*: 18.57%
• 10Y*: 12.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARAW.DE vs. GDXJ - Yearly Performance Comparison

	2026 (YTD)	2025
ARAW.DE abrdn Future Raw Materials UCITS ETF	28.98%	94.76%
GDXJ VanEck Junior Gold Miners ETF	-1.38%	86.95%

Correlation

The correlation between ARAW.DE and GDXJ is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since May 14, 2025	0.44

Return for Risk

ARAW.DE vs. GDXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARAW.DE

ARAW.DE Risk / Return Rank: 94
ARAW.DE Sharpe Ratio Rank: 97
ARAW.DE Sortino Ratio Rank: 94
ARAW.DE Omega Ratio Rank: 93
ARAW.DE Calmar Ratio Rank: 94
ARAW.DE Martin Ratio Rank: 94

GDXJ

GDXJ Risk / Return Rank: 35
GDXJ Sharpe Ratio Rank: 36
GDXJ Sortino Ratio Rank: 32
GDXJ Omega Ratio Rank: 35
GDXJ Calmar Ratio Rank: 39
GDXJ Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARAW.DE vs. GDXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Future Raw Materials UCITS ETF (ARAW.DE) and VanEck Junior Gold Miners ETF (GDXJ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ARAW.DE	GDXJ	Difference
Sharpe ratio: Return per unit of total volatility	4.73	1.30	+3.43
Sortino ratio: Return per unit of downside risk	4.78	1.72	+3.06
Omega ratio: Gain probability vs. loss probability	1.64	1.24	+0.40
Calmar ratio: Return relative to maximum drawdown	7.25	1.96	+5.29
Martin ratio: Return relative to average drawdown	27.98	4.88	+23.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARAW.DE vs. GDXJ - Sharpe Ratio Comparison

The current ARAW.DE Sharpe Ratio is 4.73, which is higher than the GDXJ Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of ARAW.DE and GDXJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARAW.DE	GDXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.73	1.30	+3.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.49	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.51	0.10	+4.41

Drawdowns

ARAW.DE vs. GDXJ - Drawdown Comparison

The maximum ARAW.DE drawdown since its inception was -20.41%, smaller than the maximum GDXJ drawdown of -85.64%. Use the drawdown chart below to compare losses from any high point for ARAW.DE and GDXJ.

Drawdown Indicators

	ARAW.DE	GDXJ	Difference
Max Drawdown Largest peak-to-trough decline	-20.41%	-85.64%	+65.23%
Max Drawdown (1Y) Largest decline over 1 year	-20.41%	-31.72%	+11.31%
Max Drawdown (3Y) Largest decline over 3 years	—	-31.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-42.28%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-53.91%	—
Current Drawdown Current decline from peak	-2.44%	-27.97%	+25.53%
Average Drawdown Average peak-to-trough decline	-3.15%	-55.64%	+52.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.30%	12.70%	-7.40%

Volatility

ARAW.DE vs. GDXJ - Volatility Comparison

The current volatility for abrdn Future Raw Materials UCITS ETF (ARAW.DE) is 11.28%, while VanEck Junior Gold Miners ETF (GDXJ) has a volatility of 15.78%. This indicates that ARAW.DE experiences smaller price fluctuations and is considered to be less risky than GDXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARAW.DE	GDXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.28%	15.78%	-4.50%
Volatility (6M) Calculated over the trailing 6-month period	25.88%	39.47%	-13.59%
Volatility (1Y) Calculated over the trailing 1-year period	31.31%	47.80%	-16.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.63%	38.32%	-7.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.63%	41.97%	-11.34%

ARAW.DE vs. GDXJ - Expense Ratio Comparison

ARAW.DE has a 0.45% expense ratio, which is lower than GDXJ's 0.52% expense ratio.

Dividends

ARAW.DE vs. GDXJ - Dividend Comparison

ARAW.DE has not paid dividends to shareholders, while GDXJ's dividend yield for the trailing twelve months is around 2.39%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARAW.DE abrdn Future Raw Materials UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GDXJ VanEck Junior Gold Miners ETF	2.39%	2.33%	2.61%	0.72%	0.51%	1.78%	1.58%	0.39%	0.45%	0.03%	4.78%	0.72%

Frequently Asked Questions

Can I hold both ARAW.DE and GDXJ in my portfolio?

ARAW.DE and GDXJ have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ARAW.DE or GDXJ?

On fees, ARAW.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARAW.DE or GDXJ?

ARAW.DE is cheaper with a 0.45% expense ratio, compared with 0.52% for GDXJ.

What is the main difference between ARAW.DE and GDXJ?

ARAW.DE is categorized as Materials, while GDXJ is Gold. They also come from different issuers: abrdn and VanEck. Their fees differ too: 0.45% for ARAW.DE and 0.52% for GDXJ.