G2X.DE vs. ^NDX
G2X.DE (VanEck Gold Miners UCITS ETF) is Precious Metals fund tracking the NYSE Arca Gold Miners, while ^NDX (NASDAQ 100 Index) is an index. At a 0.16 correlation, their price movements are largely independent.
Performance
G2X.DE vs. ^NDX - Performance Comparison
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Different Trading Currencies
G2X.DE is traded in EUR, while ^NDX is traded in USD. To make them comparable, the ^NDX 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 -1.03% return, which is significantly lower than ^NDX's 21.80% return.
G2X.DE
- 1D
- 1.09%
- 1M
- -5.12%
- YTD
- -1.03%
- 6M
- 7.25%
- 1Y
- 61.18%
- 3Y*
- 37.60%
- 5Y*
- 20.05%
- 10Y*
- 13.83%
^NDX
- 1D
- 0.00%
- 1M
- 7.55%
- YTD
- 21.80%
- 6M
- 18.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
G2X.DE vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
G2X.DE VanEck Gold Miners UCITS ETF | -1.03% | 66.20% |
^NDX NASDAQ 100 Index | 16.93% | 12.54% |
Correlation
The correlation between G2X.DE and ^NDX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025 | 0.16 |
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Return for Risk
G2X.DE vs. ^NDX — Risk / Return Rank
G2X.DE
^NDX
G2X.DE vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (G2X.DE) and NASDAQ 100 Index (^NDX). 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.
| G2X.DE | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | — | — |
| Martin ratioReturn relative to average drawdown | 5.49 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| G2X.DE | ^NDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 2.30 | -1.87 |
Drawdowns
G2X.DE vs. ^NDX - Drawdown Comparison
The maximum G2X.DE drawdown since its inception was -46.04%, which is greater than ^NDX's maximum drawdown of -11.19%. Use the drawdown chart below to compare losses from any high point for G2X.DE and ^NDX.
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Drawdown Indicators
| G2X.DE | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -11.19% | -34.85% |
Max Drawdown (1Y)Largest decline over 1 year | -27.90% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -27.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | — | — |
Current DrawdownCurrent decline from peak | -23.34% | -0.69% | -22.65% |
Average DrawdownAverage peak-to-trough decline | -19.92% | -2.54% | -17.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.09% | — | — |
Volatility
G2X.DE vs. ^NDX - Volatility Comparison
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Volatility by Period
| G2X.DE | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 34.36% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 42.64% | 16.28% | +26.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.16% | 16.28% | +16.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.33% | 16.28% | +16.05% |
Frequently Asked Questions
G2X.DE and ^NDX have a correlation of 0.16, 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 ^NDX
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