G2XJ.DE vs. M9SD.DE

Last updated Jun 5, 2026

G2XJ.DE (VanEck Junior Gold Miners UCITS) and M9SD.DE (Market Access NYSE Arca Gold Bugs UCITS ETF) are both Precious Metals funds - G2XJ.DE tracks the MVIS Global Junior Gold Miners while M9SD.DE tracks the NYSE Arca Gold BUGS. Both are passively managed. Over the past 10 years, G2XJ.DE returned 12.60%/yr vs 12.24%/yr for M9SD.DE. Their correlation of 0.92 suggests significant overlap in exposure. G2XJ.DE charges 0.55%/yr vs 0.65%/yr for M9SD.DE.

Performance

G2XJ.DE vs. M9SD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Junior Gold Miners UCITS (G2XJ.DE) and Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, G2XJ.DE achieves a -3.74% return, which is significantly lower than M9SD.DE's 3.74% return. Both investments have delivered pretty close results over the past 10 years, with G2XJ.DE having a 12.60% annualized return and M9SD.DE not far behind at 12.24%.

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%

M9SD.DE

• 1D: 1.07%
• 1M: -4.44%
• YTD: 3.74%
• 6M: 11.23%
• 1Y: 69.16%
• 3Y*: 40.66%
• 5Y*: 20.23%
• 10Y*: 12.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

G2XJ.DE vs. M9SD.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%
M9SD.DE Market Access NYSE Arca Gold Bugs UCITS ETF	3.74%	130.74%	20.64%	2.95%	-2.13%	-8.52%	14.07%	50.51%	-13.27%	-11.82%

Correlation

The correlation between G2XJ.DE and M9SD.DE is 0.96 - 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	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since May 28, 2015	0.92

The correlation between G2XJ.DE and M9SD.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

G2XJ.DE vs. M9SD.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

G2XJ.DE

G2XJ.DE Risk / Return Rank: 37
G2XJ.DE Sharpe Ratio Rank: 38
G2XJ.DE Sortino Ratio Rank: 35
G2XJ.DE Omega Ratio Rank: 36
G2XJ.DE Calmar Ratio Rank: 43
G2XJ.DE Martin Ratio Rank: 34

M9SD.DE

M9SD.DE Risk / Return Rank: 46
M9SD.DE Sharpe Ratio Rank: 48
M9SD.DE Sortino Ratio Rank: 42
M9SD.DE Omega Ratio Rank: 44
M9SD.DE Calmar Ratio Rank: 52
M9SD.DE Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

G2XJ.DE vs. M9SD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Junior Gold Miners UCITS (G2XJ.DE) and Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.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	M9SD.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.65	-0.32
Sortino ratio: Return per unit of downside risk	1.82	2.09	-0.27
Omega ratio: Gain probability vs. loss probability	1.23	1.27	-0.04
Calmar ratio: Return relative to maximum drawdown	2.11	2.56	-0.46
Martin ratio: Return relative to average drawdown	5.07	6.47	-1.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

G2XJ.DE vs. M9SD.DE - Sharpe Ratio Comparison

The current G2XJ.DE Sharpe Ratio is 1.33, which is comparable to the M9SD.DE Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of G2XJ.DE and M9SD.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	G2XJ.DE	M9SD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.65	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.58	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.35	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.12	+0.26

Drawdowns

G2XJ.DE vs. M9SD.DE - Drawdown Comparison

The maximum G2XJ.DE drawdown since its inception was -49.96%, smaller than the maximum M9SD.DE drawdown of -80.12%. Use the drawdown chart below to compare losses from any high point for G2XJ.DE and M9SD.DE.

Drawdown Indicators

	G2XJ.DE	M9SD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-49.96%	-80.12%	+30.16%
Max Drawdown (1Y) Largest decline over 1 year	-29.24%	-27.35%	-1.89%
Max Drawdown (3Y) Largest decline over 3 years	-29.24%	-27.35%	-1.89%
Max Drawdown (5Y) Largest decline over 5 years	-40.82%	-39.62%	-1.20%
Max Drawdown (10Y) Largest decline over 10 years	-49.96%	-55.80%	+5.84%
Current Drawdown Current decline from peak	-25.97%	-22.37%	-3.60%
Average Drawdown Average peak-to-trough decline	-25.26%	-42.59%	+17.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.16%	10.84%	+1.32%

Volatility

G2XJ.DE vs. M9SD.DE - Volatility Comparison

VanEck Junior Gold Miners UCITS (G2XJ.DE) has a higher volatility of 15.07% compared to Market Access NYSE Arca Gold Bugs UCITS ETF (M9SD.DE) at 13.40%. This indicates that G2XJ.DE's price experiences larger fluctuations and is considered to be riskier than M9SD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	G2XJ.DE	M9SD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.07%	13.40%	+1.67%
Volatility (6M) Calculated over the trailing 6-month period	38.04%	33.87%	+4.17%
Volatility (1Y) Calculated over the trailing 1-year period	46.48%	42.57%	+3.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.98%	34.36%	+2.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.69%	34.73%	+2.96%

G2XJ.DE vs. M9SD.DE - Expense Ratio Comparison

G2XJ.DE has a 0.55% expense ratio, which is lower than M9SD.DE's 0.65% expense ratio.

Dividends

G2XJ.DE vs. M9SD.DE - Dividend Comparison

Neither G2XJ.DE nor M9SD.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both G2XJ.DE and M9SD.DE in my portfolio?

With a correlation of 0.96, G2XJ.DE and M9SD.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.

Which ETF is better, G2XJ.DE or M9SD.DE?

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.

Which ETF is cheaper, G2XJ.DE or M9SD.DE?

G2XJ.DE is cheaper with a 0.55% expense ratio, compared with 0.65% for M9SD.DE.

What is the main difference between G2XJ.DE and M9SD.DE?

G2XJ.DE tracks MVIS Global Junior Gold Miners, while M9SD.DE tracks NYSE Arca Gold BUGS. They also come from different issuers: VanEck and China Post Global. Their fees differ too: 0.55% for G2XJ.DE and 0.65% for M9SD.DE.