G2X.DE vs. CNIE.DE
G2X.DE (VanEck Gold Miners UCITS ETF) and CNIE.DE (VanEck New China ESG UCITS ETF A) are both exchange-traded funds - G2X.DE is a Precious Metals fund tracking the NYSE Arca Gold Miners, while CNIE.DE is a China Equities fund tracking the MarketGrader New China ESG. Both are passively managed. Over the past 3 years, G2X.DE returned 37.60%/yr vs -0.19%/yr for CNIE.DE. At a 0.18 correlation, their price movements are largely independent. G2X.DE charges 0.53%/yr vs 0.60%/yr for CNIE.DE.
Performance
G2X.DE vs. CNIE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, G2X.DE achieves a -1.03% return, which is significantly higher than CNIE.DE's -3.41% 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%
CNIE.DE
- 1D
- -0.76%
- 1M
- -2.69%
- YTD
- -3.41%
- 6M
- -4.66%
- 1Y
- 6.66%
- 3Y*
- -0.19%
- 5Y*
- —
- 10Y*
- —
G2X.DE vs. CNIE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
G2X.DE VanEck Gold Miners UCITS ETF | -1.03% | 131.13% | 17.55% | 5.59% | -0.02% | 11.57% |
CNIE.DE VanEck New China ESG UCITS ETF A | -3.41% | 8.76% | 7.28% | -12.40% | -22.84% | 8.74% |
Correlation
The correlation between G2X.DE and CNIE.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.18 |
The correlation between G2X.DE and CNIE.DE shifts across timeframes, from 0.18 (3 years) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
G2X.DE vs. CNIE.DE — Risk / Return Rank
G2X.DE
CNIE.DE
G2X.DE vs. CNIE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (G2X.DE) and VanEck New China ESG UCITS ETF A (CNIE.DE). 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 | CNIE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.08 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 0.53 | +1.64 |
| Martin ratioReturn relative to average drawdown | 5.49 | 1.17 | +4.32 |
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 | CNIE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 0.42 | +1.01 |
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 | -0.16 | +0.60 |
Drawdowns
G2X.DE vs. CNIE.DE - Drawdown Comparison
The maximum G2X.DE drawdown since its inception was -46.04%, roughly equal to the maximum CNIE.DE drawdown of -45.69%. Use the drawdown chart below to compare losses from any high point for G2X.DE and CNIE.DE.
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Drawdown Indicators
| G2X.DE | CNIE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -45.69% | -0.35% |
Max Drawdown (1Y)Largest decline over 1 year | -27.90% | -12.45% | -15.45% |
Max Drawdown (3Y)Largest decline over 3 years | -27.90% | -29.20% | +1.30% |
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% | -25.25% | +1.91% |
Average DrawdownAverage peak-to-trough decline | -19.92% | -24.67% | +4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.09% | 5.70% | +5.39% |
Volatility
G2X.DE vs. CNIE.DE - Volatility Comparison
VanEck Gold Miners UCITS ETF (G2X.DE) has a higher volatility of 13.57% compared to VanEck New China ESG UCITS ETF A (CNIE.DE) at 4.49%. This indicates that G2X.DE's price experiences larger fluctuations and is considered to be riskier than CNIE.DE 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 | CNIE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.57% | 4.49% | +9.08% |
Volatility (6M)Calculated over the trailing 6-month period | 34.36% | 10.68% | +23.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.64% | 16.04% | +26.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.16% | 24.27% | +8.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.33% | 24.27% | +8.06% |
G2X.DE vs. CNIE.DE - Expense Ratio Comparison
G2X.DE has a 0.53% expense ratio, which is lower than CNIE.DE's 0.60% expense ratio.
Dividends
G2X.DE vs. CNIE.DE - Dividend Comparison
Neither G2X.DE nor CNIE.DE has paid dividends to shareholders.
Frequently Asked Questions
G2X.DE and CNIE.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, G2X.DE is cheaper at 0.53% per year. The better choice depends on whether you care most about return, fees, risk, or income.
G2X.DE is cheaper with a 0.53% expense ratio, compared with 0.60% for CNIE.DE.
G2X.DE is categorized as Precious Metals, while CNIE.DE is China Equities. G2X.DE tracks NYSE Arca Gold Miners, while CNIE.DE tracks MarketGrader New China ESG. Their fees differ too: 0.53% for G2X.DE and 0.60% for CNIE.DE.
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