G2X.DE vs. ^GSPC
Compare and contrast key facts about VanEck Gold Miners UCITS ETF (G2X.DE) and S&P 500 (^GSPC).
G2X.DE is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners. It was launched on Mar 25, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: G2X.DE or ^GSPC.
Key characteristics
| G2X.DE | ^GSPC | |
|---|---|---|
| YTD Return | 30.05% | 19.77% |
| 1Y Return | 36.68% | 31.07% |
| 3Y Return (Ann) | 10.84% | 6.78% |
| 5Y Return (Ann) | 9.42% | 13.22% |
| Sharpe Ratio | 1.40 | 2.67 |
| Sortino Ratio | 1.97 | 3.55 |
| Omega Ratio | 1.24 | 1.50 |
| Calmar Ratio | 1.20 | 3.45 |
| Martin Ratio | 6.13 | 17.04 |
| Ulcer Index | 6.75% | 1.90% |
| Daily Std Dev | 29.48% | 12.10% |
| Max Drawdown | -46.04% | -56.78% |
| Current Drawdown | -9.88% | -2.59% |
Correlation
The correlation between G2X.DE and ^GSPC is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
G2X.DE vs. ^GSPC - Performance Comparison
In the year-to-date period, G2X.DE achieves a 30.05% return, which is significantly higher than ^GSPC's 19.77% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
G2X.DE vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (G2X.DE) and S&P 500 (^GSPC). 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.
Drawdowns
G2X.DE vs. ^GSPC - Drawdown Comparison
The maximum G2X.DE drawdown since its inception was -46.04%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for G2X.DE and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
G2X.DE vs. ^GSPC - Volatility Comparison
VanEck Gold Miners UCITS ETF (G2X.DE) has a higher volatility of 7.97% compared to S&P 500 (^GSPC) at 3.11%. This indicates that G2X.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.