GDGB.L vs. WPM
Compare and contrast key facts about VanEck Gold Miners UCITS ETF (GDGB.L) and Wheaton Precious Metals Corp. (WPM).
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.
Performance
GDGB.L vs. WPM - Performance Comparison
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GDGB.L vs. WPM - 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% |
WPM Wheaton Precious Metals Corp. | 18.51% | 95.52% | 17.25% | 21.51% | 3.46% | 5.21% | 37.65% | 48.74% | -4.70% | 9.04% |
Different Trading Currencies
GDGB.L is traded in GBP, while WPM is traded in USD. To make them comparable, the WPM 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 WPM's 18.51% 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*
- —
WPM
- 1D
- 4.18%
- 1M
- -16.38%
- YTD
- 18.51%
- 6M
- 25.19%
- 1Y
- 74.78%
- 3Y*
- 39.64%
- 5Y*
- 30.55%
- 10Y*
- 26.14%
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Return for Risk
GDGB.L vs. WPM — Risk / Return Rank
GDGB.L
WPM
GDGB.L vs. WPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (GDGB.L) and Wheaton Precious Metals Corp. (WPM). 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 | WPM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.49 | 1.77 | +0.72 |
Sortino ratioReturn per unit of downside risk | 2.76 | 2.07 | +0.69 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.30 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 3.71 | 2.40 | +1.31 |
Martin ratioReturn relative to average drawdown | 13.34 | 9.44 | +3.90 |
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 | WPM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 1.77 | +0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.96 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.82 | -0.25 |
Correlation
The correlation between GDGB.L and WPM is 0.63, 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.
Dividends
GDGB.L vs. WPM - Dividend Comparison
GDGB.L has not paid dividends to shareholders, while WPM's dividend yield for the trailing twelve months is around 0.50%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WPM Wheaton Precious Metals Corp. | 0.50% | 0.56% | 1.10% | 1.22% | 1.54% | 1.33% | 1.01% | 1.21% | 1.84% | 1.49% | 1.09% |
Drawdowns
GDGB.L vs. WPM - Drawdown Comparison
The maximum GDGB.L drawdown since its inception was -40.80%, smaller than the maximum WPM drawdown of -48.76%. Use the drawdown chart below to compare losses from any high point for GDGB.L and WPM.
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Drawdown Indicators
| GDGB.L | WPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.80% | -48.64% | +7.84% |
Max Drawdown (1Y)Largest decline over 1 year | -28.97% | -30.84% | +1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -35.49% | -43.29% | +7.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.64% | — |
Current DrawdownCurrent decline from peak | -15.00% | -17.32% | +2.32% |
Average DrawdownAverage peak-to-trough decline | -17.46% | -18.86% | +1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.07% | 8.23% | -0.16% |
Volatility
GDGB.L vs. WPM - Volatility Comparison
VanEck Gold Miners UCITS ETF (GDGB.L) has a higher volatility of 18.03% compared to Wheaton Precious Metals Corp. (WPM) at 16.20%. This indicates that GDGB.L's price experiences larger fluctuations and is considered to be riskier than WPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDGB.L | WPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.03% | 16.20% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 35.02% | 35.96% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.87% | 42.41% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.07% | 31.87% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.89% | 35.55% | -3.66% |