G2X.DE vs. VUAA.DE
G2X.DE (VanEck Gold Miners UCITS ETF) and VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) are both exchange-traded funds - G2X.DE is a Precious Metals fund tracking the NYSE Arca Gold Miners, while VUAA.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, G2X.DE returned 20.05%/yr vs 14.77%/yr for VUAA.DE. At a 0.16 correlation, their price movements are largely independent. G2X.DE charges 0.53%/yr vs 0.07%/yr for VUAA.DE.
Performance
G2X.DE vs. VUAA.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 VUAA.DE's 11.41% 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%
VUAA.DE
- 1D
- -0.12%
- 1M
- 5.23%
- YTD
- 11.41%
- 6M
- 11.44%
- 1Y
- 25.64%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- —
G2X.DE vs. VUAA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
G2X.DE VanEck Gold Miners UCITS ETF | -1.03% | 131.13% | 17.55% | 5.59% | -0.02% | -4.26% | 15.93% |
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 11.41% | 4.68% | 32.33% | 22.52% | -14.29% | 40.76% | 3.17% |
Correlation
The correlation between G2X.DE and VUAA.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2020 | 0.16 |
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Return for Risk
G2X.DE vs. VUAA.DE — Risk / Return Rank
G2X.DE
VUAA.DE
G2X.DE vs. VUAA.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 S&P 500 UCITS USD Acc ETF (VUAA.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 | VUAA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.41 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 3.56 | -1.39 |
| Martin ratioReturn relative to average drawdown | 5.49 | 12.74 | -7.25 |
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 | VUAA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 2.20 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.97 | -0.37 |
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 | 0.81 | -0.38 |
Drawdowns
G2X.DE vs. VUAA.DE - Drawdown Comparison
The maximum G2X.DE drawdown since its inception was -46.04%, which is greater than VUAA.DE's maximum drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for G2X.DE and VUAA.DE.
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Drawdown Indicators
| G2X.DE | VUAA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -33.67% | -12.37% |
Max Drawdown (1Y)Largest decline over 1 year | -27.90% | -7.16% | -20.74% |
Max Drawdown (3Y)Largest decline over 3 years | -27.90% | -23.33% | -4.57% |
Max Drawdown (5Y)Largest decline over 5 years | -38.55% | -23.33% | -15.22% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | — | — |
Current DrawdownCurrent decline from peak | -23.34% | -0.45% | -22.89% |
Average DrawdownAverage peak-to-trough decline | -19.92% | -5.07% | -14.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.09% | 2.01% | +9.08% |
Volatility
G2X.DE vs. VUAA.DE - Volatility Comparison
VanEck Gold Miners UCITS ETF (G2X.DE) has a higher volatility of 13.57% compared to Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) at 2.65%. This indicates that G2X.DE's price experiences larger fluctuations and is considered to be riskier than VUAA.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 | VUAA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.57% | 2.65% | +10.92% |
Volatility (6M)Calculated over the trailing 6-month period | 34.36% | 7.61% | +26.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.64% | 11.58% | +31.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.16% | 15.12% | +18.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.33% | 17.59% | +14.74% |
G2X.DE vs. VUAA.DE - Expense Ratio Comparison
G2X.DE has a 0.53% expense ratio, which is higher than VUAA.DE's 0.07% expense ratio.
Dividends
G2X.DE vs. VUAA.DE - Dividend Comparison
Neither G2X.DE nor VUAA.DE has paid dividends to shareholders.
Frequently Asked Questions
G2X.DE and VUAA.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUAA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUAA.DE is cheaper with a 0.07% expense ratio, compared with 0.53% for G2X.DE.
G2X.DE is categorized as Precious Metals, while VUAA.DE is S&P 500. G2X.DE tracks NYSE Arca Gold Miners, while VUAA.DE tracks S&P 500 Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.53% for G2X.DE and 0.07% for VUAA.DE.
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