G2XJ.DE vs. 8PSE.DE
G2XJ.DE (VanEck Junior Gold Miners UCITS) and 8PSE.DE (Invesco Physical Gold (EUR Hedged) ETC) are both exchange-traded funds - G2XJ.DE is a Precious Metals fund tracking the MVIS Global Junior Gold Miners, while 8PSE.DE is a Gold fund tracking the LBMA Gold Price PM (EUR Hedged). Both are passively managed. Over the past 5 years, G2XJ.DE returned 18.76%/yr vs 15.46%/yr for 8PSE.DE. A 0.75 correlation means they provide meaningful diversification when combined. G2XJ.DE charges 0.55%/yr vs 0.34%/yr for 8PSE.DE.
Performance
G2XJ.DE vs. 8PSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, G2XJ.DE achieves a -3.74% return, which is significantly lower than 8PSE.DE's 0.15% return.
G2XJ.DE
- 1D
- 0.42%
- 1M
- -7.94%
- YTD
- -3.74%
- 6M
- 7.08%
- 1Y
- 60.21%
- 3Y*
- 42.43%
- 5Y*
- 18.76%
- 10Y*
- 12.60%
8PSE.DE
- 1D
- 0.72%
- 1M
- -4.91%
- YTD
- 0.15%
- 6M
- 4.44%
- 1Y
- 29.12%
- 3Y*
- 28.08%
- 5Y*
- 15.46%
- 10Y*
- —
G2XJ.DE vs. 8PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
G2XJ.DE VanEck Junior Gold Miners UCITS | -3.74% | 149.58% | 21.45% | 3.64% | -6.09% | -15.55% | -5.84% |
8PSE.DE Invesco Physical Gold (EUR Hedged) ETC | 0.15% | 62.78% | 24.11% | 10.00% | -2.18% | -5.81% | 2.14% |
Correlation
The correlation between G2XJ.DE and 8PSE.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2020 | 0.75 |
The correlation between G2XJ.DE and 8PSE.DE has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
G2XJ.DE vs. 8PSE.DE — Risk / Return Rank
G2XJ.DE
8PSE.DE
G2XJ.DE vs. 8PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Junior Gold Miners UCITS (G2XJ.DE) and Invesco Physical Gold (EUR Hedged) ETC (8PSE.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.
| G2XJ.DE | 8PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.60 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 0.56 | +1.55 |
| Martin ratioReturn relative to average drawdown | 5.07 | 2.31 | +2.76 |
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
| G2XJ.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 0.16 | +1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.17 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.16 | +0.22 |
Drawdowns
G2XJ.DE vs. 8PSE.DE - Drawdown Comparison
The maximum G2XJ.DE drawdown since its inception was -49.96%, roughly equal to the maximum 8PSE.DE drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for G2XJ.DE and 8PSE.DE.
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Drawdown Indicators
| G2XJ.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.96% | -50.81% | +0.85% |
Max Drawdown (1Y)Largest decline over 1 year | -29.24% | -50.81% | +21.57% |
Max Drawdown (3Y)Largest decline over 3 years | -29.24% | -50.81% | +21.57% |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | -50.81% | +9.99% |
Max Drawdown (10Y)Largest decline over 10 years | -49.96% | — | — |
Current DrawdownCurrent decline from peak | -25.97% | -16.31% | -9.66% |
Average DrawdownAverage peak-to-trough decline | -25.26% | -10.13% | -15.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.16% | 12.27% | -0.11% |
Volatility
G2XJ.DE vs. 8PSE.DE - Volatility Comparison
VanEck Junior Gold Miners UCITS (G2XJ.DE) has a higher volatility of 15.07% compared to Invesco Physical Gold (EUR Hedged) ETC (8PSE.DE) at 5.95%. This indicates that G2XJ.DE's price experiences larger fluctuations and is considered to be riskier than 8PSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| G2XJ.DE | 8PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.07% | 5.95% | +9.12% |
Volatility (6M)Calculated over the trailing 6-month period | 38.04% | 71.01% | -32.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.48% | 181.73% | -135.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.98% | 87.63% | -50.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.69% | 81.06% | -43.37% |
G2XJ.DE vs. 8PSE.DE - Expense Ratio Comparison
G2XJ.DE has a 0.55% expense ratio, which is higher than 8PSE.DE's 0.34% expense ratio.
Dividends
G2XJ.DE vs. 8PSE.DE - Dividend Comparison
Neither G2XJ.DE nor 8PSE.DE has paid dividends to shareholders.
Frequently Asked Questions
G2XJ.DE and 8PSE.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSE.DE is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSE.DE is cheaper with a 0.34% expense ratio, compared with 0.55% for G2XJ.DE.
G2XJ.DE is categorized as Precious Metals, while 8PSE.DE is Gold. G2XJ.DE tracks MVIS Global Junior Gold Miners, while 8PSE.DE tracks LBMA Gold Price PM (EUR Hedged). They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.55% for G2XJ.DE and 0.34% for 8PSE.DE.
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