GDX.L vs. DAGB.L
GDX.L (VanEck Gold Miners UCITS ETF) and DAGB.L (VanEck Digital Assets Equity UCITS ETF A USD Acc) are both exchange-traded funds - GDX.L is a Commodity Producers Equities fund tracking the VanEck Gold Miners UCITS ETF, while DAGB.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, GDX.L returned 18.04%/yr vs -1.89%/yr for DAGB.L. At a 0.28 correlation, their price movements are largely independent. GDX.L charges 0.53%/yr vs 0.65%/yr for DAGB.L.
Performance
GDX.L vs. DAGB.L - Performance Comparison
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Different Trading Currencies
GDX.L is traded in USD, while DAGB.L is traded in GBP. To make them comparable, the DAGB.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GDX.L achieves a -14.33% return, which is significantly lower than DAGB.L's 9.79% return.
GDX.L
- 1D
- 0.25%
- 1M
- -14.29%
- 6M
- -24.08%
- YTD
- -14.33%
- 1Y
- 45.65%
- 3Y*
- 33.56%
- 5Y*
- 18.04%
- 10Y*
- 10.47%
DAGB.L
- 1D
- 0.62%
- 1M
- -17.51%
- 6M
- -11.45%
- YTD
- 9.79%
- 1Y
- 3.88%
- 3Y*
- 24.83%
- 5Y*
- -1.89%
- 10Y*
- —
GDX.L vs. DAGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GDX.L VanEck Gold Miners UCITS ETF | -14.33% | 156.68% | 9.22% | 9.69% | -7.72% | -8.71% |
DAGB.L VanEck Digital Assets Equity UCITS ETF A USD Acc | 9.79% | 10.45% | 28.94% | 348.64% | -86.79% | -26.05% |
Correlation
The correlation between GDX.L and DAGB.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.28 |
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Return for Risk
GDX.L vs. DAGB.L — Risk / Return Rank
GDX.L
DAGB.L
GDX.L vs. DAGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Gold Miners UCITS ETF (GDX.L) and VanEck Digital Assets Equity UCITS ETF A USD Acc (DAGB.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GDX.L | DAGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.06 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 0.08 | +1.05 |
| Martin ratioReturn relative to average drawdown | 2.64 | 0.14 | +2.50 |
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Drawdowns
GDX.L vs. DAGB.L - Drawdown Comparison
The maximum GDX.L drawdown since its inception was -50.37%, smaller than the maximum DAGB.L drawdown of -92.23%. Use the drawdown chart below to compare losses from any high point for GDX.L and DAGB.L.
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Drawdown Indicators
| GDX.L | DAGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.37% | -92.23% | +41.86% |
Max Drawdown (1Y)Largest decline over 1 year | -37.20% | -46.37% | +9.17% |
Max Drawdown (3Y)Largest decline over 3 years | -37.20% | -58.23% | +21.03% |
Max Drawdown (5Y)Largest decline over 5 years | -45.52% | -92.23% | +46.71% |
Max Drawdown (10Y)Largest decline over 10 years | -50.37% | — | — |
Current DrawdownCurrent decline from peak | -35.87% | -43.96% | +8.09% |
Average DrawdownAverage peak-to-trough decline | -21.70% | -58.52% | +36.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.97% | 26.74% | -10.77% |
Volatility
GDX.L vs. DAGB.L - Volatility Comparison
VanEck Gold Miners UCITS ETF (GDX.L) has a higher volatility of 14.82% compared to VanEck Digital Assets Equity UCITS ETF A USD Acc (DAGB.L) at 13.02%. This indicates that GDX.L's price experiences larger fluctuations and is considered to be riskier than DAGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDX.L | DAGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.82% | 13.02% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 38.73% | 41.26% | -2.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.46% | 60.74% | -13.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.88% | 73.46% | -36.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.06% | 72.87% | -37.81% |
GDX.L vs. DAGB.L - Expense Ratio Comparison
GDX.L has a 0.53% expense ratio, which is lower than DAGB.L's 0.65% expense ratio.
Dividends
GDX.L vs. DAGB.L - Dividend Comparison
Neither GDX.L nor DAGB.L has paid dividends to shareholders.
Frequently Asked Questions
GDX.L and DAGB.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GDX.L is cheaper at 0.53% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GDX.L is cheaper with a 0.53% expense ratio, compared with 0.65% for DAGB.L.
GDX.L is categorized as Commodity Producers Equities, while DAGB.L is Technology Equities. GDX.L tracks VanEck Gold Miners UCITS ETF, while DAGB.L tracks MSCI World/Information Tech NR USD. Their fees differ too: 0.53% for GDX.L and 0.65% for DAGB.L.
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