G2X.DE vs. ^GSPC
G2X.DE (VanEck Gold Miners UCITS ETF) is Gold fund tracking the NYSE Arca Gold Miners, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, G2X.DE returned 11.22%/yr vs 13.00%/yr for ^GSPC. Their 0.02 correlation means their historical movements had little consistent relationship.
Performance
G2X.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
G2X.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, G2X.DE achieves a -3.35% return, which is significantly lower than ^GSPC's 14.68% return. Over the past 10 years, G2X.DE has underperformed ^GSPC with an annualized return of 11.22%, while ^GSPC has yielded a comparatively higher 13.00% annualized return.
G2X.DE
- 1D
- 7.85%
- 1M
- 5.72%
- 6M
- -10.98%
- YTD
- -3.35%
- 1Y
- 51.33%
- 3Y*
- 41.16%
- 5Y*
- 22.42%
- 10Y*
- 11.22%
- ALL TIME*
- 14.36%
^GSPC
- 1D
- -0.41%
- 1M
- 1.47%
- 6M
- 14.63%
- YTD
- 14.68%
- 1Y
- 22.78%
- 3Y*
- 18.01%
- 5Y*
- 12.12%
- 10Y*
- 13.00%
- ALL TIME*
- 10.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^GSPC S&P 500 Index | €34.03T | €33.19T | €35.94T |
| €4.07M | €4.59M | €6.27M |
G2X.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
G2X.DE VanEck Gold Miners UCITS ETF | -3.35% | 131.10% | 17.58% | 5.59% | -0.03% | -4.26% | 13.26% | 40.99% | -4.38% | -5.31% |
^GSPC S&P 500 Index | 14.68% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between G2X.DE and ^GSPC is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 27, 2015 | 0.02 |
Over the past year, G2X.DE and ^GSPC have become more correlated (0.22) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
G2X.DE vs. ^GSPC — Risk / Return Rank
G2X.DE
^GSPC
G2X.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (G2X.DE) and S&P 500 Index (^GSPC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| G2X.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.34 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.02 | -1.60 |
| Martin ratioReturn relative to average drawdown | 3.02 | 11.21 | -8.18 |
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Drawdowns
G2X.DE vs. ^GSPC - Drawdown Comparison
The maximum G2X.DE drawdown since its inception was -46.04%, roughly equal to the maximum ^GSPC drawdown of -48.34%. Use the drawdown chart below to compare losses from any high point for G2X.DE and ^GSPC.
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Drawdown Indicators
| G2X.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -48.34% | +2.30% |
Max Drawdown (1Y)Largest decline over 1 year | -35.81% | -7.57% | -28.24% |
Max Drawdown (3Y)Largest decline over 3 years | -35.81% | -23.99% | -11.82% |
Max Drawdown (5Y)Largest decline over 5 years | -38.53% | -23.99% | -14.54% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | -33.42% | -12.62% |
Current DrawdownCurrent decline from peak | -25.13% | -0.41% | -24.72% |
Average DrawdownAverage peak-to-trough decline | -20.09% | -7.83% | -12.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.92% | 2.04% | +14.88% |
Volatility
G2X.DE vs. ^GSPC - Volatility Comparison
VanEck Gold Miners UCITS ETF (G2X.DE) has a higher volatility of 14.70% compared to S&P 500 Index (^GSPC) at 4.07%. This indicates that G2X.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| G2X.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.70% | 4.07% | +10.63% |
Volatility (6M)Calculated over the trailing 6-month period | 35.64% | 9.00% | +26.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.57% | 12.50% | +34.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.29% | 16.89% | +17.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.66% | 18.62% | +14.04% |
Frequently Asked Questions
G2X.DE and ^GSPC have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for G2X.DE and ^GSPC
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