G2X.DE vs. SLVP

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Gold Miners UCITS ETF (G2X.DE) and iShares MSCI Global Silver Miners ETF (SLVP).

G2X.DE and SLVP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. G2X.DE is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners. It was launched on Mar 25, 2015. SLVP is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Silver Miners Investable Market Index. It was launched on Jan 31, 2012. Both G2X.DE and SLVP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

G2X.DE vs. SLVP - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Gold Miners UCITS ETF (G2X.DE) and iShares MSCI Global Silver Miners ETF (SLVP). The values are adjusted to include any dividend payments, if applicable.

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	11.28%	131.13%	17.55%	5.59%	-0.02%	-4.26%	13.26%	40.97%	-4.37%	-5.31%
SLVP iShares MSCI Global Silver Miners ETF	9.89%	166.91%	22.03%	-5.24%	-12.98%	-17.81%	43.55%	40.82%	-18.44%	-8.32%

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 11.28% return, which is significantly higher than SLVP's 9.89% return. Both investments have delivered pretty close results over the past 10 years, with G2X.DE having a 18.18% annualized return and SLVP not far behind at 17.73%.

G2X.DE

• 1D: 7.35%
• 1M: -13.52%
• YTD: 11.28%
• 6M: 28.05%
• 1Y: 97.42%
• 3Y*: 42.31%
• 5Y*: 25.90%
• 10Y*: 18.18%

SLVP

• 1D: 4.49%
• 1M: -19.67%
• YTD: 9.89%
• 6M: 38.80%
• 1Y: 137.50%
• 3Y*: 46.60%
• 5Y*: 21.10%
• 10Y*: 17.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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.

G2X.DE

VanEck Gold Miners UCITS ETF

SLVP

iShares MSCI Global Silver Miners ETF

Return for Risk

G2X.DE vs. SLVP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

G2X.DE

G2X.DE Risk / Return Rank: 90
G2X.DE Sharpe Ratio Rank: 93
G2X.DE Sortino Ratio Rank: 89
G2X.DE Omega Ratio Rank: 86
G2X.DE Calmar Ratio Rank: 93
G2X.DE Martin Ratio Rank: 90

SLVP

SLVP Risk / Return Rank: 94
SLVP Sharpe Ratio Rank: 97
SLVP Sortino Ratio Rank: 93
SLVP Omega Ratio Rank: 91
SLVP Calmar Ratio Rank: 96
SLVP Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 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 ratio Return per unit of total volatility	2.28	2.67	-0.38
Sortino ratio Return per unit of downside risk	2.60	2.79	-0.19
Omega ratio Gain probability vs. loss probability	1.36	1.39	-0.03
Calmar ratio Return relative to maximum drawdown	3.59	4.23	-0.65
Martin ratio Return relative to average drawdown	12.57	14.38	-1.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

G2X.DE vs. SLVP - Sharpe Ratio Comparison

The current G2X.DE Sharpe Ratio is 2.28, which is comparable to the SLVP Sharpe Ratio of 2.67. The chart below compares the historical Sharpe Ratios of G2X.DE and SLVP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	G2X.DE	SLVP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	2.67	-0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.53	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.44	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.13	+0.35

Correlation

The correlation between G2X.DE and SLVP is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

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 1.64%.

	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 Miners ETF	1.64%	1.78%	1.05%	0.88%	0.63%	1.63%	2.39%	2.03%	1.28%	0.85%	2.32%	0.72%

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.

Drawdown Indicators

	G2X.DE	SLVP	Difference
Max Drawdown Largest peak-to-trough decline	-46.04%	-80.47%	+34.43%
Max Drawdown (1Y) Largest decline over 1 year	-27.90%	-33.57%	+5.67%
Max Drawdown (5Y) Largest decline over 5 years	-38.55%	-55.36%	+16.81%
Max Drawdown (10Y) Largest decline over 10 years	-46.04%	-62.03%	+15.99%
Current Drawdown Current decline from peak	-13.80%	-21.93%	+8.13%
Average Drawdown Average peak-to-trough decline	-19.93%	-47.12%	+27.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.96%	10.02%	-2.06%

Volatility

G2X.DE vs. SLVP - Volatility Comparison

VanEck Gold Miners UCITS ETF (G2X.DE) and iShares MSCI Global Silver Miners ETF (SLVP) have volatilities of 17.77% and 17.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	G2X.DE	SLVP	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.77%	17.68%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	35.95%	43.76%	-7.81%
Volatility (1Y) Calculated over the trailing 1-year period	42.45%	51.91%	-9.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.57%	39.93%	-7.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.41%	40.38%	-7.97%