GDGB.L vs. SPGP.L
Compare and contrast key facts about VanEck Gold Miners UCITS ETF (GDGB.L) and iShares Gold Producers UCITS ETF (SPGP.L).
GDGB.L and SPGP.L 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. SPGP.L is a passively managed fund by iShares that tracks the performance of the EMIX Global Mining Global Gold TR USD. It was launched on Sep 16, 2011. Both GDGB.L and SPGP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GDGB.L vs. SPGP.L - Performance Comparison
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GDGB.L vs. SPGP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GDGB.L VanEck Gold Miners UCITS ETF | 13.95% | 138.26% | 11.24% | 3.69% | 3.04% | -10.47% | 19.56% | 38.86% | -5.04% | -4.03% |
SPGP.L iShares Gold Producers UCITS ETF | 15.16% | 137.41% | 12.81% | 3.72% | -0.45% | -9.15% | 19.43% | 41.00% | -4.37% | -5.07% |
Different Trading Currencies
GDGB.L is traded in GBP, while SPGP.L is traded in GBp. To make them comparable, the SPGP.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, GDGB.L achieves a 13.95% return, which is significantly lower than SPGP.L's 15.16% return.
GDGB.L
- 1D
- 7.03%
- 1M
- -14.18%
- YTD
- 13.95%
- 6M
- 27.85%
- 1Y
- 104.84%
- 3Y*
- 41.71%
- 5Y*
- 26.40%
- 10Y*
- —
SPGP.L
- 1D
- 7.11%
- 1M
- -13.23%
- YTD
- 15.16%
- 6M
- 27.83%
- 1Y
- 105.57%
- 3Y*
- 43.00%
- 5Y*
- 26.22%
- 10Y*
- 19.12%
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GDGB.L vs. SPGP.L - Expense Ratio Comparison
GDGB.L has a 0.53% expense ratio, which is lower than SPGP.L's 0.55% expense ratio.
Return for Risk
GDGB.L vs. SPGP.L — Risk / Return Rank
GDGB.L
SPGP.L
GDGB.L vs. SPGP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (GDGB.L) and iShares Gold Producers UCITS ETF (SPGP.L). 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.
| GDGB.L | SPGP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.49 | 2.57 | -0.08 |
Sortino ratioReturn per unit of downside risk | 2.76 | 2.84 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 3.71 | 3.84 | -0.13 |
Martin ratioReturn relative to average drawdown | 13.34 | 13.93 | -0.59 |
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
| GDGB.L | SPGP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.57 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.84 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.15 | +0.42 |
Correlation
The correlation between GDGB.L and SPGP.L is 0.96, 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.
Dividends
GDGB.L vs. SPGP.L - Dividend Comparison
Neither GDGB.L nor SPGP.L has paid dividends to shareholders.
Drawdowns
GDGB.L vs. SPGP.L - Drawdown Comparison
The maximum GDGB.L drawdown since its inception was -40.80%, smaller than the maximum SPGP.L drawdown of -79.54%. Use the drawdown chart below to compare losses from any high point for GDGB.L and SPGP.L.
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Drawdown Indicators
| GDGB.L | SPGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.80% | -79.54% | +38.74% |
Max Drawdown (1Y)Largest decline over 1 year | -28.97% | -27.66% | -1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -35.49% | -34.81% | -0.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.71% | — |
Current DrawdownCurrent decline from peak | -15.00% | -13.76% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -17.46% | -42.57% | +25.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.07% | 7.63% | +0.44% |
Volatility
GDGB.L vs. SPGP.L - Volatility Comparison
VanEck Gold Miners UCITS ETF (GDGB.L) and iShares Gold Producers UCITS ETF (SPGP.L) have volatilities of 18.03% and 17.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDGB.L | SPGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.03% | 17.68% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 35.02% | 34.04% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.87% | 40.82% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.07% | 31.12% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.89% | 32.45% | -0.56% |