GDGB.L vs. GDX
Compare and contrast key facts about VanEck Gold Miners UCITS ETF (GDGB.L) and VanEck Vectors Gold Miners ETF (GDX).
GDGB.L and GDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDGB.L is a passively managed fund by VanEck that tracks the performance of the EMIX Global Mining Global Gold TR USD. It was launched on Mar 25, 2015. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006. Both GDGB.L and GDX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDGB.L or GDX.
Key characteristics
| GDGB.L | GDX | |
|---|---|---|
| YTD Return | 15.00% | 14.67% |
| 1Y Return | 26.42% | 27.58% |
| 3Y Return (Ann) | 4.38% | 2.47% |
| 5Y Return (Ann) | 7.35% | 7.23% |
| Sharpe Ratio | 0.87 | 1.05 |
| Sortino Ratio | 1.39 | 1.56 |
| Omega Ratio | 1.17 | 1.19 |
| Calmar Ratio | 0.68 | 0.60 |
| Martin Ratio | 3.50 | 4.42 |
| Ulcer Index | 7.37% | 7.62% |
| Daily Std Dev | 29.56% | 32.21% |
| Max Drawdown | -40.80% | -80.57% |
| Current Drawdown | -16.75% | -40.04% |
Correlation
The correlation between GDGB.L and GDX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GDGB.L vs. GDX - Performance Comparison
The year-to-date returns for both stocks are quite close, with GDGB.L having a 15.00% return and GDX slightly lower at 14.67%. 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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GDGB.L vs. GDX - Expense Ratio Comparison
Both GDGB.L and GDX have an expense ratio of 0.53%.
Risk-Adjusted Performance
GDGB.L vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (GDGB.L) and VanEck Vectors Gold Miners ETF (GDX). 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.
Dividends
GDGB.L vs. GDX - Dividend Comparison
GDGB.L has not paid dividends to shareholders, while GDX's dividend yield for the trailing twelve months is around 1.41%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDGB.L VanEck Gold Miners UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GDX VanEck Vectors Gold Miners ETF | 1.41% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
Drawdowns
GDGB.L vs. GDX - Drawdown Comparison
The maximum GDGB.L drawdown since its inception was -40.80%, smaller than the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for GDGB.L and GDX. For additional features, visit the drawdowns tool.
Volatility
GDGB.L vs. GDX - Volatility Comparison
The current volatility for VanEck Gold Miners UCITS ETF (GDGB.L) is 8.96%, while VanEck Vectors Gold Miners ETF (GDX) has a volatility of 10.39%. This indicates that GDGB.L experiences smaller price fluctuations and is considered to be less risky than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.