G2X.DE vs. SLVP
G2X.DE (VanEck Gold Miners UCITS ETF) and SLVP (iShares MSCI Global Silver and Metals Miners ETF) are both exchange-traded funds - G2X.DE is a Precious Metals fund tracking the NYSE Arca Gold Miners, while SLVP is a Silver fund tracking the MSCI ACWI Select Silver Miners Investable Market Index. Both are passively managed. Over the past 10 years, G2X.DE returned 13.93%/yr vs 13.43%/yr for SLVP. A 0.68 correlation means they provide meaningful diversification when combined. G2X.DE charges 0.53%/yr vs 0.39%/yr for SLVP.
Performance
G2X.DE vs. SLVP - Performance Comparison
Loading charts...
Different Trading Currencies
G2X.DE is traded in EUR, while SLVP is traded in USD. To make them comparable, the SLVP 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 -2.10% return, which is significantly lower than SLVP's 3.47% return. Both investments have delivered pretty close results over the past 10 years, with G2X.DE having a 13.93% annualized return and SLVP not far behind at 13.43%.
G2X.DE
- 1D
- -2.22%
- 1M
- -0.22%
- YTD
- -2.10%
- 6M
- 5.92%
- 1Y
- 60.57%
- 3Y*
- 37.03%
- 5Y*
- 19.79%
- 10Y*
- 13.93%
SLVP
- 1D
- -4.94%
- 1M
- 2.14%
- YTD
- 3.47%
- 6M
- 13.71%
- 1Y
- 107.85%
- 3Y*
- 48.04%
- 5Y*
- 17.06%
- 10Y*
- 13.43%
G2X.DE vs. SLVP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
G2X.DE VanEck Gold Miners UCITS ETF | -2.10% | 131.13% | 17.55% | 5.59% | -0.02% | -4.26% | 13.26% | 40.97% | -4.37% | -5.31% |
SLVP iShares MSCI Global Silver and Metals Miners ETF | 3.47% | 166.91% | 22.03% | -5.24% | -12.98% | -17.81% | 43.55% | 40.82% | -18.44% | -8.32% |
Correlation
The correlation between G2X.DE and SLVP is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 28, 2015 | 0.68 |
The correlation between G2X.DE and SLVP has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
G2X.DE vs. SLVP — Risk / Return Rank
G2X.DE
SLVP
G2X.DE vs. SLVP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (G2X.DE) and iShares MSCI Global Silver and Metals Miners ETF (SLVP). 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 | SLVP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.33 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 3.38 | -1.22 |
| Martin ratioReturn relative to average drawdown | 5.49 | 8.64 | -3.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| G2X.DE | SLVP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.41 | 2.12 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.43 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.34 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.12 | +0.32 |
Drawdowns
G2X.DE vs. SLVP - Drawdown Comparison
The maximum G2X.DE drawdown since its inception was -46.04%, smaller than the maximum SLVP drawdown of -75.87%. Use the drawdown chart below to compare losses from any high point for G2X.DE and SLVP.
Loading charts...
Drawdown Indicators
| G2X.DE | SLVP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -75.87% | +29.83% |
Max Drawdown (1Y)Largest decline over 1 year | -27.90% | -32.12% | +4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -27.90% | -32.12% | +4.22% |
Max Drawdown (5Y)Largest decline over 5 years | -38.55% | -48.53% | +9.98% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | -61.62% | +15.58% |
Current DrawdownCurrent decline from peak | -24.17% | -24.88% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -19.92% | -39.20% | +19.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.00% | 12.53% | -1.53% |
Volatility
G2X.DE vs. SLVP - Volatility Comparison
The current volatility for VanEck Gold Miners UCITS ETF (G2X.DE) is 14.82%, while iShares MSCI Global Silver and Metals Miners ETF (SLVP) has a volatility of 16.79%. This indicates that G2X.DE experiences smaller price fluctuations and is considered to be less risky than SLVP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| G2X.DE | SLVP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.82% | 16.79% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 34.43% | 41.49% | -7.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.64% | 51.27% | -8.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.15% | 40.27% | -7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.33% | 40.21% | -7.88% |
G2X.DE vs. SLVP - Expense Ratio Comparison
G2X.DE has a 0.53% expense ratio, which is higher than SLVP's 0.39% expense ratio.
Dividends
G2X.DE vs. SLVP - Dividend Comparison
G2X.DE has not paid dividends to shareholders, while SLVP's dividend yield for the trailing twelve months is around 1.74%.
| 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% |
SLVP iShares MSCI Global Silver and Metals Miners ETF | 1.74% | 1.78% | 1.05% | 0.88% | 0.63% | 1.63% | 2.39% | 2.03% | 1.28% | 0.85% | 2.32% | 0.72% |
Frequently Asked Questions
G2X.DE and SLVP have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLVP is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLVP is cheaper with a 0.39% expense ratio, compared with 0.53% for G2X.DE.
G2X.DE is categorized as Precious Metals, while SLVP is Silver. G2X.DE tracks NYSE Arca Gold Miners, while SLVP tracks MSCI ACWI Select Silver Miners Investable Market Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.53% for G2X.DE and 0.39% for SLVP.
Find the right allocation for G2X.DE and SLVP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer