GDGB.L vs. IAU
Compare and contrast key facts about VanEck Gold Miners UCITS ETF (GDGB.L) and iShares Gold Trust (IAU).
GDGB.L and IAU 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. IAU is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on Jan 28, 2005. Both GDGB.L and IAU 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 IAU.
Key characteristics
| GDGB.L | IAU | |
|---|---|---|
| YTD Return | 12.27% | 11.84% |
| 1Y Return | 0.00% | 13.23% |
| 3Y Return (Ann) | 2.65% | 7.80% |
| 5Y Return (Ann) | 13.23% | 12.24% |
| Sharpe Ratio | 0.05 | 1.15 |
| Daily Std Dev | 28.59% | 12.20% |
| Max Drawdown | -40.80% | -45.14% |
| Current Drawdown | -16.45% | -3.39% |
Correlation
The correlation between GDGB.L and IAU is 0.64, 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. IAU - Performance Comparison
The year-to-date returns for both stocks are quite close, with GDGB.L having a 12.27% return and IAU slightly lower at 11.84%. 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. IAU - Expense Ratio Comparison
GDGB.L has a 0.53% expense ratio, which is higher than IAU's 0.25% expense ratio.
Risk-Adjusted Performance
GDGB.L vs. IAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (GDGB.L) and iShares Gold Trust (IAU). 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. IAU - Dividend Comparison
Neither GDGB.L nor IAU has paid dividends to shareholders.
Drawdowns
GDGB.L vs. IAU - Drawdown Comparison
The maximum GDGB.L drawdown since its inception was -40.80%, smaller than the maximum IAU drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for GDGB.L and IAU. For additional features, visit the drawdowns tool.
Volatility
GDGB.L vs. IAU - Volatility Comparison
VanEck Gold Miners UCITS ETF (GDGB.L) has a higher volatility of 11.19% compared to iShares Gold Trust (IAU) at 4.92%. This indicates that GDGB.L's price experiences larger fluctuations and is considered to be riskier than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.