GDGB.L vs. GOLD
Compare and contrast key facts about VanEck Gold Miners UCITS ETF (GDGB.L) and Barrick Gold Corporation (GOLD).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDGB.L or GOLD.
Key characteristics
| GDGB.L | GOLD | |
|---|---|---|
| YTD Return | 22.62% | 3.53% |
| 1Y Return | 33.03% | 23.12% |
| 3Y Return (Ann) | 8.95% | 0.87% |
| 5Y Return (Ann) | 8.93% | 5.09% |
| Sharpe Ratio | 1.27 | 0.72 |
| Sortino Ratio | 1.89 | 1.17 |
| Omega Ratio | 1.22 | 1.15 |
| Calmar Ratio | 0.97 | 0.35 |
| Martin Ratio | 5.17 | 2.57 |
| Ulcer Index | 7.15% | 9.41% |
| Daily Std Dev | 29.20% | 33.35% |
| Max Drawdown | -40.80% | -88.52% |
| Current Drawdown | -11.23% | -58.02% |
Correlation
The correlation between GDGB.L and GOLD is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GDGB.L vs. GOLD - Performance Comparison
In the year-to-date period, GDGB.L achieves a 22.62% return, which is significantly higher than GOLD's 3.53% 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
GDGB.L vs. GOLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (GDGB.L) and Barrick Gold Corporation (GOLD). 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. GOLD - Dividend Comparison
GDGB.L has not paid dividends to shareholders, while GOLD's dividend yield for the trailing twelve months is around 2.17%.
| 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% |
GOLD Barrick Gold Corporation | 2.17% | 2.21% | 3.78% | 4.11% | 1.36% | 0.70% | 1.40% | 0.83% | 0.50% | 1.89% | 1.86% | 2.83% |
Drawdowns
GDGB.L vs. GOLD - Drawdown Comparison
The maximum GDGB.L drawdown since its inception was -40.80%, smaller than the maximum GOLD drawdown of -88.52%. Use the drawdown chart below to compare losses from any high point for GDGB.L and GOLD. For additional features, visit the drawdowns tool.
Volatility
GDGB.L vs. GOLD - Volatility Comparison
The current volatility for VanEck Gold Miners UCITS ETF (GDGB.L) is 7.49%, while Barrick Gold Corporation (GOLD) has a volatility of 8.27%. This indicates that GDGB.L experiences smaller price fluctuations and is considered to be less risky than GOLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.