G2X.DE vs. YGLD.DE
G2X.DE (VanEck Gold Miners UCITS ETF) and YGLD.DE (IncomeShares Gold + Yield ETP) are both exchange-traded funds - G2X.DE is a Gold fund tracking the NYSE Arca Gold Miners, while YGLD.DE is a Derivative Income fund actively managed by Leverage Shares. G2X.DE is passively managed, while YGLD.DE is actively managed. Over the past year, G2X.DE returned 51.56% vs 13.12% for YGLD.DE. A 0.65 correlation means they provide meaningful diversification when combined. G2X.DE charges 0.53%/yr vs 0.35%/yr for YGLD.DE.
Performance
G2X.DE vs. YGLD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with G2X.DE having a -11.01% return and YGLD.DE slightly lower at -11.04%.
G2X.DE
- 1D
- 1.65%
- 1M
- -10.93%
- YTD
- -11.01%
- 6M
- -12.66%
- 1Y
- 51.56%
- 3Y*
- 35.98%
- 5Y*
- 19.83%
- 10Y*
- 11.77%
YGLD.DE
- 1D
- 0.00%
- 1M
- -6.80%
- YTD
- -11.04%
- 6M
- -12.14%
- 1Y
- 13.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
G2X.DE vs. YGLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
G2X.DE VanEck Gold Miners UCITS ETF | -11.01% | 131.10% | -8.67% |
YGLD.DE IncomeShares Gold + Yield ETP | -11.04% | 41.94% | -7.11% |
Correlation
The correlation between G2X.DE and YGLD.DE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2024 | 0.65 |
The correlation between G2X.DE and YGLD.DE has been stable across timeframes, ranging from 0.65 to 0.67 - a consistent structural relationship.
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Return for Risk
G2X.DE vs. YGLD.DE — Risk / Return Rank
G2X.DE
YGLD.DE
G2X.DE vs. YGLD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (G2X.DE) and IncomeShares Gold + Yield ETP (YGLD.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| G2X.DE | YGLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.14 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 0.62 | +0.91 |
| Martin ratioReturn relative to average drawdown | 3.96 | 1.35 | +2.61 |
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Drawdowns
G2X.DE vs. YGLD.DE - Drawdown Comparison
The maximum G2X.DE drawdown since its inception was -46.04%, which is greater than YGLD.DE's maximum drawdown of -21.11%. Use the drawdown chart below to compare losses from any high point for G2X.DE and YGLD.DE.
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Drawdown Indicators
| G2X.DE | YGLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -21.11% | -24.93% |
Max Drawdown (1Y)Largest decline over 1 year | -33.45% | -21.11% | -12.34% |
Max Drawdown (3Y)Largest decline over 3 years | -33.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | — | — |
Current DrawdownCurrent decline from peak | -31.07% | -20.51% | -10.56% |
Average DrawdownAverage peak-to-trough decline | -19.97% | -6.04% | -13.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.98% | 9.70% | +3.28% |
Volatility
G2X.DE vs. YGLD.DE - Volatility Comparison
VanEck Gold Miners UCITS ETF (G2X.DE) has a higher volatility of 16.82% compared to IncomeShares Gold + Yield ETP (YGLD.DE) at 6.70%. This indicates that G2X.DE's price experiences larger fluctuations and is considered to be riskier than YGLD.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 | YGLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.82% | 6.70% | +10.12% |
Volatility (6M)Calculated over the trailing 6-month period | 36.36% | 18.31% | +18.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.53% | 30.24% | +14.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.65% | 26.52% | +7.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.43% | 26.52% | +5.91% |
G2X.DE vs. YGLD.DE - Expense Ratio Comparison
G2X.DE has a 0.53% expense ratio, which is higher than YGLD.DE's 0.35% expense ratio.
Dividends
G2X.DE vs. YGLD.DE - Dividend Comparison
G2X.DE has not paid dividends to shareholders, while YGLD.DE's dividend yield for the trailing twelve months is around 6.65%.
| Position | TTM | 2025 |
|---|---|---|
G2X.DE VanEck Gold Miners UCITS ETF | 0.00% | 0.00% |
YGLD.DE IncomeShares Gold + Yield ETP | 6.65% | 6.36% |
Frequently Asked Questions
G2X.DE and YGLD.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, YGLD.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
YGLD.DE is cheaper with a 0.35% expense ratio, compared with 0.53% for G2X.DE.
G2X.DE is categorized as Gold, while YGLD.DE is Derivative Income. They also come from different issuers: VanEck and Leverage Shares. Their fees differ too: 0.53% for G2X.DE and 0.35% for YGLD.DE.
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