G2XJ.DE vs. ETLX.DE
G2XJ.DE (VanEck Junior Gold Miners UCITS) and ETLX.DE (L&G Gold Mining UCITS ETF) are both Precious Metals funds - G2XJ.DE tracks the MVIS Global Junior Gold Miners while ETLX.DE tracks the DAXglobal® Gold Miners. Both are passively managed. Over the past 10 years, G2XJ.DE returned 12.60%/yr vs 15.32%/yr for ETLX.DE. Their correlation of 0.93 suggests significant overlap in exposure. G2XJ.DE charges 0.55%/yr vs 0.65%/yr for ETLX.DE.
Performance
G2XJ.DE vs. ETLX.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 ETLX.DE's -2.30% return. Over the past 10 years, G2XJ.DE has underperformed ETLX.DE with an annualized return of 12.60%, while ETLX.DE has yielded a comparatively higher 15.32% annualized 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%
ETLX.DE
- 1D
- 0.57%
- 1M
- -6.27%
- YTD
- -2.30%
- 6M
- 5.08%
- 1Y
- 60.19%
- 3Y*
- 46.63%
- 5Y*
- 23.41%
- 10Y*
- 15.32%
G2XJ.DE vs. ETLX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
G2XJ.DE VanEck Junior Gold Miners UCITS | -3.74% | 149.58% | 21.45% | 3.64% | -6.09% | -15.55% | 18.76% | 43.18% | -8.98% | -10.97% |
ETLX.DE L&G Gold Mining UCITS ETF | -2.30% | 152.55% | 27.41% | 11.05% | -7.10% | -3.32% | 12.25% | 42.55% | -5.79% | -3.18% |
Correlation
The correlation between G2XJ.DE and ETLX.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 28, 2015 | 0.93 |
The correlation between G2XJ.DE and ETLX.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
G2XJ.DE vs. ETLX.DE — Risk / Return Rank
G2XJ.DE
ETLX.DE
G2XJ.DE vs. ETLX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Junior Gold Miners UCITS (G2XJ.DE) and L&G Gold Mining UCITS ETF (ETLX.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 | ETLX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.11 | 0.00 |
| Martin ratioReturn relative to average drawdown | 5.07 | 5.29 | -0.22 |
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 | ETLX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 1.33 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.64 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.45 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.23 | +0.16 |
Drawdowns
G2XJ.DE vs. ETLX.DE - Drawdown Comparison
The maximum G2XJ.DE drawdown since its inception was -49.96%, smaller than the maximum ETLX.DE drawdown of -73.44%. Use the drawdown chart below to compare losses from any high point for G2XJ.DE and ETLX.DE.
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Drawdown Indicators
| G2XJ.DE | ETLX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.96% | -73.44% | +23.48% |
Max Drawdown (1Y)Largest decline over 1 year | -29.24% | -28.89% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -29.24% | -28.89% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -40.82% | -42.03% | +1.21% |
Max Drawdown (10Y)Largest decline over 10 years | -49.96% | -47.05% | -2.91% |
Current DrawdownCurrent decline from peak | -25.97% | -24.71% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -25.26% | -34.69% | +9.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.16% | 11.52% | +0.64% |
Volatility
G2XJ.DE vs. ETLX.DE - Volatility Comparison
VanEck Junior Gold Miners UCITS (G2XJ.DE) has a higher volatility of 15.07% compared to L&G Gold Mining UCITS ETF (ETLX.DE) at 14.03%. This indicates that G2XJ.DE's price experiences larger fluctuations and is considered to be riskier than ETLX.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 | ETLX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.07% | 14.03% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 38.04% | 35.22% | +2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.48% | 45.70% | +0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.98% | 36.04% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.69% | 33.83% | +3.86% |
G2XJ.DE vs. ETLX.DE - Expense Ratio Comparison
G2XJ.DE has a 0.55% expense ratio, which is lower than ETLX.DE's 0.65% expense ratio.
Dividends
G2XJ.DE vs. ETLX.DE - Dividend Comparison
Neither G2XJ.DE nor ETLX.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, G2XJ.DE and ETLX.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, G2XJ.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
G2XJ.DE is cheaper with a 0.55% expense ratio, compared with 0.65% for ETLX.DE.
G2XJ.DE tracks MVIS Global Junior Gold Miners, while ETLX.DE tracks DAXglobal® Gold Miners. They also come from different issuers: VanEck and Legal & General. Their fees differ too: 0.55% for G2XJ.DE and 0.65% for ETLX.DE.
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