G2X.DE vs. RM8U.DE
G2X.DE (VanEck Gold Miners UCITS ETF) and RM8U.DE (HANetf The Royal Mint Responsibly Sourced Physical Gold ETC) are both Precious Metals funds - G2X.DE tracks the NYSE Arca Gold Miners while RM8U.DE tracks the Gold. Both are passively managed. Over the past 5 years, G2X.DE returned 20.05%/yr vs 19.57%/yr for RM8U.DE. A 0.73 correlation means they provide meaningful diversification when combined. G2X.DE charges 0.53%/yr vs 0.22%/yr for RM8U.DE.
Performance
G2X.DE vs. RM8U.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 lower than RM8U.DE's 2.70% return.
G2X.DE
- 1D
- 1.09%
- 1M
- 0.55%
- YTD
- -1.03%
- 6M
- 7.50%
- 1Y
- 61.05%
- 3Y*
- 37.60%
- 5Y*
- 20.05%
- 10Y*
- 13.83%
RM8U.DE
- 1D
- 0.59%
- 1M
- -1.56%
- YTD
- 2.70%
- 6M
- 6.33%
- 1Y
- 30.06%
- 3Y*
- 27.86%
- 5Y*
- 19.57%
- 10Y*
- —
G2X.DE vs. RM8U.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
G2X.DE VanEck Gold Miners UCITS ETF | -1.03% | 131.13% | 17.55% | 5.59% | -0.02% | -4.26% | 21.75% |
RM8U.DE HANetf The Royal Mint Responsibly Sourced Physical Gold ETC | 2.70% | 48.89% | 34.03% | 9.20% | 6.98% | 3.69% | 4.48% |
Correlation
The correlation between G2X.DE and RM8U.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2020 | 0.73 |
The correlation between G2X.DE and RM8U.DE has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
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Return for Risk
G2X.DE vs. RM8U.DE — Risk / Return Rank
G2X.DE
RM8U.DE
G2X.DE vs. RM8U.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (G2X.DE) and HANetf The Royal Mint Responsibly Sourced Physical Gold ETC (RM8U.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 | RM8U.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.26 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.81 | +0.37 |
| Martin ratioReturn relative to average drawdown | 5.49 | 4.58 | +0.91 |
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 | RM8U.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.30 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 1.21 | -0.61 |
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 | 1.01 | -0.57 |
Drawdowns
G2X.DE vs. RM8U.DE - Drawdown Comparison
The maximum G2X.DE drawdown since its inception was -46.04%, which is greater than RM8U.DE's maximum drawdown of -18.51%. Use the drawdown chart below to compare losses from any high point for G2X.DE and RM8U.DE.
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Drawdown Indicators
| G2X.DE | RM8U.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -18.51% | -27.53% |
Max Drawdown (1Y)Largest decline over 1 year | -27.90% | -16.54% | -11.36% |
Max Drawdown (3Y)Largest decline over 3 years | -27.90% | -16.54% | -11.36% |
Max Drawdown (5Y)Largest decline over 5 years | -38.55% | -16.54% | -22.01% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | — | — |
Current DrawdownCurrent decline from peak | -23.34% | -15.01% | -8.33% |
Average DrawdownAverage peak-to-trough decline | -19.92% | -6.13% | -13.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.09% | 6.55% | +4.54% |
Volatility
G2X.DE vs. RM8U.DE - Volatility Comparison
VanEck Gold Miners UCITS ETF (G2X.DE) has a higher volatility of 13.57% compared to HANetf The Royal Mint Responsibly Sourced Physical Gold ETC (RM8U.DE) at 5.04%. This indicates that G2X.DE's price experiences larger fluctuations and is considered to be riskier than RM8U.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 | RM8U.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.57% | 5.04% | +8.53% |
Volatility (6M)Calculated over the trailing 6-month period | 34.36% | 20.04% | +14.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.64% | 23.03% | +19.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.16% | 15.99% | +17.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.33% | 16.17% | +16.16% |
G2X.DE vs. RM8U.DE - Expense Ratio Comparison
G2X.DE has a 0.53% expense ratio, which is higher than RM8U.DE's 0.22% expense ratio.
Dividends
G2X.DE vs. RM8U.DE - Dividend Comparison
Neither G2X.DE nor RM8U.DE has paid dividends to shareholders.
Frequently Asked Questions
G2X.DE and RM8U.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RM8U.DE is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RM8U.DE is cheaper with a 0.22% expense ratio, compared with 0.53% for G2X.DE.
G2X.DE tracks NYSE Arca Gold Miners, while RM8U.DE tracks Gold. They also come from different issuers: VanEck and HANetf. Their fees differ too: 0.53% for G2X.DE and 0.22% for RM8U.DE.
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