G2X.DE vs. VAGF.DE
G2X.DE (VanEck Gold Miners UCITS ETF) and VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - G2X.DE is a Precious Metals fund tracking the NYSE Arca Gold Miners, while VAGF.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). Both are passively managed. Over the past 5 years, G2X.DE returned 20.05%/yr vs -1.66%/yr for VAGF.DE. At a 0.23 correlation, their price movements are largely independent. G2X.DE charges 0.53%/yr vs 0.10%/yr for VAGF.DE.
Performance
G2X.DE vs. VAGF.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 VAGF.DE's -0.68% 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%
VAGF.DE
- 1D
- 0.09%
- 1M
- 0.25%
- YTD
- -0.68%
- 6M
- -0.51%
- 1Y
- 1.20%
- 3Y*
- 2.04%
- 5Y*
- -1.66%
- 10Y*
- —
G2X.DE vs. VAGF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
G2X.DE VanEck Gold Miners UCITS ETF | -1.03% | 131.13% | 17.55% | 5.59% | -0.02% | -4.26% | 13.26% | 17.92% |
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.68% | 3.23% | 0.82% | 4.53% | -14.84% | -2.97% | 5.07% | 0.73% |
Correlation
The correlation between G2X.DE and VAGF.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019 | 0.23 |
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Return for Risk
G2X.DE vs. VAGF.DE — Risk / Return Rank
G2X.DE
VAGF.DE
G2X.DE vs. VAGF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (G2X.DE) and Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.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 | VAGF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.06 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 0.38 | +1.79 |
| Martin ratioReturn relative to average drawdown | 5.49 | 1.06 | +4.43 |
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 | VAGF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 0.33 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | -0.33 | +0.93 |
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 | -0.17 | +0.61 |
Drawdowns
G2X.DE vs. VAGF.DE - Drawdown Comparison
The maximum G2X.DE drawdown since its inception was -46.04%, which is greater than VAGF.DE's maximum drawdown of -19.57%. Use the drawdown chart below to compare losses from any high point for G2X.DE and VAGF.DE.
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Drawdown Indicators
| G2X.DE | VAGF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -19.57% | -26.47% |
Max Drawdown (1Y)Largest decline over 1 year | -27.90% | -3.11% | -24.79% |
Max Drawdown (3Y)Largest decline over 3 years | -27.90% | -4.45% | -23.45% |
Max Drawdown (5Y)Largest decline over 5 years | -38.55% | -18.79% | -19.76% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | — | — |
Current DrawdownCurrent decline from peak | -23.34% | -10.73% | -12.61% |
Average DrawdownAverage peak-to-trough decline | -19.92% | -8.99% | -10.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.09% | 1.13% | +9.96% |
Volatility
G2X.DE vs. VAGF.DE - Volatility Comparison
VanEck Gold Miners UCITS ETF (G2X.DE) has a higher volatility of 13.57% compared to Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) at 1.55%. This indicates that G2X.DE's price experiences larger fluctuations and is considered to be riskier than VAGF.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 | VAGF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.57% | 1.55% | +12.02% |
Volatility (6M)Calculated over the trailing 6-month period | 34.36% | 2.98% | +31.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.64% | 3.63% | +39.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.16% | 4.90% | +28.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.33% | 4.71% | +27.62% |
G2X.DE vs. VAGF.DE - Expense Ratio Comparison
G2X.DE has a 0.53% expense ratio, which is higher than VAGF.DE's 0.10% expense ratio.
Dividends
G2X.DE vs. VAGF.DE - Dividend Comparison
Neither G2X.DE nor VAGF.DE has paid dividends to shareholders.
Frequently Asked Questions
G2X.DE and VAGF.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGF.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGF.DE is cheaper with a 0.10% expense ratio, compared with 0.53% for G2X.DE.
G2X.DE is categorized as Precious Metals, while VAGF.DE is Global Bonds. G2X.DE tracks NYSE Arca Gold Miners, while VAGF.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.53% for G2X.DE and 0.10% for VAGF.DE.
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