G2X.DE vs. IQQH.DE
G2X.DE (VanEck Gold Miners UCITS ETF) and IQQH.DE (iShares Global Clean Energy UCITS ETF USD (Dist)) are both exchange-traded funds - G2X.DE is a Precious Metals fund tracking the NYSE Arca Gold Miners, while IQQH.DE is a Energy Equities fund tracking the S&P Global Clean Energy. Both are passively managed. Over the past 10 years, G2X.DE returned 12.83%/yr vs 10.90%/yr for IQQH.DE. At a 0.20 correlation, their price movements are largely independent. G2X.DE charges 0.53%/yr vs 0.65%/yr for IQQH.DE.
Performance
G2X.DE vs. IQQH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, G2X.DE achieves a -8.45% return, which is significantly lower than IQQH.DE's 28.16% return. Over the past 10 years, G2X.DE has outperformed IQQH.DE with an annualized return of 12.83%, while IQQH.DE has yielded a comparatively lower 10.90% annualized return.
G2X.DE
- 1D
- 5.67%
- 1M
- -16.53%
- YTD
- -8.45%
- 6M
- -4.07%
- 1Y
- 51.00%
- 3Y*
- 35.39%
- 5Y*
- 18.31%
- 10Y*
- 12.83%
IQQH.DE
- 1D
- 3.08%
- 1M
- -3.82%
- YTD
- 28.16%
- 6M
- 28.47%
- 1Y
- 60.73%
- 3Y*
- 2.58%
- 5Y*
- 0.42%
- 10Y*
- 10.90%
G2X.DE vs. IQQH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
G2X.DE VanEck Gold Miners UCITS ETF | -8.45% | 131.10% | 17.58% | 5.59% | -0.03% | -4.26% | 13.26% | 40.99% | -4.38% | -5.31% |
IQQH.DE iShares Global Clean Energy UCITS ETF USD (Dist) | 28.16% | 29.63% | -21.56% | -22.41% | 0.55% | -18.08% | 117.29% | 47.44% | -4.63% | 5.73% |
Correlation
The correlation between G2X.DE and IQQH.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 27, 2015 | 0.20 |
The correlation between G2X.DE and IQQH.DE shifts across timeframes, from 0.20 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
G2X.DE vs. IQQH.DE — Risk / Return Rank
G2X.DE
IQQH.DE
G2X.DE vs. IQQH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (G2X.DE) and iShares Global Clean Energy UCITS ETF USD (Dist) (IQQH.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.
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 | IQQH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.38 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 4.09 | -2.57 |
| Martin ratioReturn relative to average drawdown | 4.22 | 14.08 | -9.87 |
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Drawdowns
G2X.DE vs. IQQH.DE - Drawdown Comparison
The maximum G2X.DE drawdown since its inception was -46.04%, smaller than the maximum IQQH.DE drawdown of -87.02%. Use the drawdown chart below to compare losses from any high point for G2X.DE and IQQH.DE.
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Drawdown Indicators
| G2X.DE | IQQH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -87.02% | +40.98% |
Max Drawdown (1Y)Largest decline over 1 year | -33.45% | -14.78% | -18.67% |
Max Drawdown (3Y)Largest decline over 3 years | -33.45% | -44.07% | +10.62% |
Max Drawdown (5Y)Largest decline over 5 years | -38.53% | -57.98% | +19.45% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | -64.20% | +18.16% |
Current DrawdownCurrent decline from peak | -29.09% | -40.41% | +11.32% |
Average DrawdownAverage peak-to-trough decline | -19.95% | -63.57% | +43.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.02% | 4.30% | +7.72% |
Volatility
G2X.DE vs. IQQH.DE - Volatility Comparison
VanEck Gold Miners UCITS ETF (G2X.DE) has a higher volatility of 14.79% compared to iShares Global Clean Energy UCITS ETF USD (Dist) (IQQH.DE) at 10.24%. This indicates that G2X.DE's price experiences larger fluctuations and is considered to be riskier than IQQH.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 | IQQH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.79% | 10.24% | +4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 35.01% | 19.78% | +15.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.27% | 25.70% | +17.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.32% | 24.95% | +8.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.37% | 25.13% | +7.24% |
G2X.DE vs. IQQH.DE - Expense Ratio Comparison
G2X.DE has a 0.53% expense ratio, which is lower than IQQH.DE's 0.65% expense ratio.
Dividends
G2X.DE vs. IQQH.DE - Dividend Comparison
G2X.DE has not paid dividends to shareholders, while IQQH.DE's dividend yield for the trailing twelve months is around 0.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
G2X.DE VanEck Gold Miners 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% |
IQQH.DE iShares Global Clean Energy UCITS ETF USD (Dist) | 0.88% | 1.33% | 1.24% | 0.80% | 0.53% | 0.73% | 0.49% | 1.56% | 2.87% | 2.88% | 2.81% | 2.60% |
Frequently Asked Questions
G2X.DE and IQQH.DE have a correlation of 0.34, 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 0.65% for IQQH.DE.
G2X.DE is categorized as Precious Metals, while IQQH.DE is Energy Equities. G2X.DE tracks NYSE Arca Gold Miners, while IQQH.DE tracks S&P Global Clean Energy. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.53% for G2X.DE and 0.65% for IQQH.DE.
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