G2X.DE vs. SLVR.DE
G2X.DE (VanEck Gold Miners UCITS ETF) and SLVR.DE (WisdomTree Silver) are both exchange-traded funds - G2X.DE is a Precious Metals fund tracking the NYSE Arca Gold Miners, while SLVR.DE is a Silver fund tracking the Bloomberg Silver Subindex. Both are passively managed. Over the past 3 years, G2X.DE returned 37.60%/yr vs 45.36%/yr for SLVR.DE. Their correlation of 0.88 suggests significant overlap in exposure. G2X.DE charges 0.53%/yr vs 0.49%/yr for SLVR.DE.
Performance
G2X.DE vs. SLVR.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 SLVR.DE's 1.99% 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%
SLVR.DE
- 1D
- 0.14%
- 1M
- -5.05%
- YTD
- 1.99%
- 6M
- 16.61%
- 1Y
- 84.77%
- 3Y*
- 45.36%
- 5Y*
- —
- 10Y*
- —
G2X.DE vs. SLVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
G2X.DE VanEck Gold Miners UCITS ETF | -1.03% | 131.13% | 17.55% | 5.59% | -15.69% |
SLVR.DE WisdomTree Silver | 1.99% | 147.57% | 21.38% | -4.72% | -10.71% |
Correlation
The correlation between G2X.DE and SLVR.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.88 |
The correlation between G2X.DE and SLVR.DE has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.
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Return for Risk
G2X.DE vs. SLVR.DE — Risk / Return Rank
G2X.DE
SLVR.DE
G2X.DE vs. SLVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (G2X.DE) and WisdomTree Silver (SLVR.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 | SLVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.29 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 3.06 | -0.88 |
| Martin ratioReturn relative to average drawdown | 5.49 | 7.37 | -1.88 |
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 | SLVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.85 | -0.43 |
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 | 0.68 | -0.25 |
Drawdowns
G2X.DE vs. SLVR.DE - Drawdown Comparison
The maximum G2X.DE drawdown since its inception was -46.04%, which is greater than SLVR.DE's maximum drawdown of -31.33%. Use the drawdown chart below to compare losses from any high point for G2X.DE and SLVR.DE.
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Drawdown Indicators
| G2X.DE | SLVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -31.33% | -14.71% |
Max Drawdown (1Y)Largest decline over 1 year | -27.90% | -30.51% | +2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -27.90% | -30.51% | +2.61% |
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% | -24.02% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -19.92% | -12.66% | -7.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.09% | 12.69% | -1.60% |
Volatility
G2X.DE vs. SLVR.DE - Volatility Comparison
The current volatility for VanEck Gold Miners UCITS ETF (G2X.DE) is 13.57%, while WisdomTree Silver (SLVR.DE) has a volatility of 17.06%. This indicates that G2X.DE experiences smaller price fluctuations and is considered to be less risky than SLVR.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 | SLVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.57% | 17.06% | -3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 34.36% | 41.25% | -6.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.64% | 50.34% | -7.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.16% | 38.29% | -5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.33% | 38.29% | -5.96% |
G2X.DE vs. SLVR.DE - Expense Ratio Comparison
G2X.DE has a 0.53% expense ratio, which is higher than SLVR.DE's 0.49% expense ratio.
Dividends
G2X.DE vs. SLVR.DE - Dividend Comparison
Neither G2X.DE nor SLVR.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, G2X.DE and SLVR.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SLVR.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLVR.DE is cheaper with a 0.49% expense ratio, compared with 0.53% for G2X.DE.
G2X.DE is categorized as Precious Metals, while SLVR.DE is Silver. G2X.DE tracks NYSE Arca Gold Miners, while SLVR.DE tracks Bloomberg Silver Subindex. They also come from different issuers: VanEck and WisdomTree. Their fees differ too: 0.53% for G2X.DE and 0.49% for SLVR.DE.
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