G2X.DE vs. UBUD.DE
G2X.DE (VanEck Gold Miners UCITS ETF) and UBUD.DE (UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist) are both Precious Metals funds - G2X.DE tracks the NYSE Arca Gold Miners while UBUD.DE tracks the Solactive Global Pure Gold Miners. Both are passively managed. Over the past 10 years, G2X.DE returned 13.83%/yr vs 14.59%/yr for UBUD.DE. Their correlation of 0.94 suggests significant overlap in exposure. G2X.DE charges 0.53%/yr vs 0.43%/yr for UBUD.DE.
Performance
G2X.DE vs. UBUD.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 higher than UBUD.DE's -6.38% return. Over the past 10 years, G2X.DE has underperformed UBUD.DE with an annualized return of 13.83%, while UBUD.DE has yielded a comparatively higher 14.59% annualized 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%
UBUD.DE
- 1D
- -0.04%
- 1M
- -3.95%
- YTD
- -6.38%
- 6M
- 0.94%
- 1Y
- 47.84%
- 3Y*
- 42.44%
- 5Y*
- 24.10%
- 10Y*
- 14.59%
G2X.DE vs. UBUD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
G2X.DE VanEck Gold Miners UCITS ETF | -1.03% | 131.13% | 17.55% | 5.59% | -0.02% | -4.26% | 13.26% | 40.97% | -4.37% | -5.31% |
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist | -6.38% | 144.52% | 34.69% | 6.34% | 0.11% | -8.41% | 15.71% | 40.46% | -6.02% | -3.26% |
Correlation
The correlation between G2X.DE and UBUD.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since May 28, 2015 | 0.94 |
The correlation between G2X.DE and UBUD.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
G2X.DE vs. UBUD.DE — Risk / Return Rank
G2X.DE
UBUD.DE
G2X.DE vs. UBUD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (G2X.DE) and UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.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 | UBUD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.20 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.65 | +0.53 |
| Martin ratioReturn relative to average drawdown | 5.49 | 4.06 | +1.43 |
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 | UBUD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.04 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.67 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.41 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.26 | +0.17 |
Drawdowns
G2X.DE vs. UBUD.DE - Drawdown Comparison
The maximum G2X.DE drawdown since its inception was -46.04%, smaller than the maximum UBUD.DE drawdown of -57.79%. Use the drawdown chart below to compare losses from any high point for G2X.DE and UBUD.DE.
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Drawdown Indicators
| G2X.DE | UBUD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -57.79% | +11.75% |
Max Drawdown (1Y)Largest decline over 1 year | -27.90% | -28.94% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -27.90% | -28.94% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -38.55% | -38.21% | -0.34% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | -50.40% | +4.36% |
Current DrawdownCurrent decline from peak | -23.34% | -27.15% | +3.81% |
Average DrawdownAverage peak-to-trough decline | -19.92% | -28.07% | +8.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.09% | 11.75% | -0.66% |
Volatility
G2X.DE vs. UBUD.DE - Volatility Comparison
VanEck Gold Miners UCITS ETF (G2X.DE) and UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) have volatilities of 13.57% and 13.71%, 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.
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Volatility by Period
| G2X.DE | UBUD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.57% | 13.71% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 34.36% | 35.92% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.64% | 45.63% | -2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.16% | 35.68% | -2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.33% | 35.58% | -3.25% |
G2X.DE vs. UBUD.DE - Expense Ratio Comparison
G2X.DE has a 0.53% expense ratio, which is higher than UBUD.DE's 0.43% expense ratio.
Dividends
G2X.DE vs. UBUD.DE - Dividend Comparison
G2X.DE has not paid dividends to shareholders, while UBUD.DE's dividend yield for the trailing twelve months is around 0.59%.
| 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% |
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist | 0.59% | 0.40% | 0.56% | 1.74% | 1.12% | 1.15% | 0.44% | 0.42% | 0.48% | 0.46% | 0.43% | 1.38% |
Frequently Asked Questions
With a correlation of 0.95, G2X.DE and UBUD.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, UBUD.DE is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UBUD.DE is cheaper with a 0.43% expense ratio, compared with 0.53% for G2X.DE.
G2X.DE tracks NYSE Arca Gold Miners, while UBUD.DE tracks Solactive Global Pure Gold Miners. They also come from different issuers: VanEck and UBS. Their fees differ too: 0.53% for G2X.DE and 0.43% for UBUD.DE.
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