GDXJ.L vs. ISAG.L
GDXJ.L (VanEck Junior Gold Miners UCITS ETF USD (Acc)) and ISAG.L (iShares Agribusiness UCITS ETF USD (Acc)) are both exchange-traded funds - GDXJ.L is a Precious Metals Equities fund tracking the MVIS Global Junior Gold Miners Index, while ISAG.L is a Commodity Producers Equities fund tracking the S&P Commodity Producers Agribusiness Index NTR. Both are passively managed. Over the past 10 years, GDXJ.L returned 8.13%/yr vs 7.36%/yr for ISAG.L. At a 0.26 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
GDXJ.L vs. ISAG.L - Performance Comparison
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Returns By Period
In the year-to-date period, GDXJ.L achieves a -19.15% return, which is significantly lower than ISAG.L's 12.83% return. Over the past 10 years, GDXJ.L has outperformed ISAG.L with an annualized return of 8.13%, while ISAG.L has yielded a comparatively lower 7.36% annualized return.
GDXJ.L
- 1D
- -1.26%
- 1M
- -21.54%
- 6M
- -27.29%
- YTD
- -19.15%
- 1Y
- 42.24%
- 3Y*
- 35.16%
- 5Y*
- 16.99%
- 10Y*
- 8.13%
ISAG.L
- 1D
- 0.55%
- 1M
- 2.83%
- 6M
- 6.21%
- YTD
- 12.83%
- 1Y
- 16.69%
- 3Y*
- 5.11%
- 5Y*
- 4.76%
- 10Y*
- 7.36%
GDXJ.L vs. ISAG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GDXJ.L VanEck Junior Gold Miners UCITS ETF USD (Acc) | -19.15% | 175.70% | 13.26% | 7.29% | -13.07% | -23.07% | 30.24% | 44.17% | -12.91% | 0.10% |
ISAG.L iShares Agribusiness UCITS ETF USD (Acc) | 12.83% | 16.78% | -5.66% | -8.90% | 2.73% | 23.33% | 10.28% | 17.65% | -12.99% | 19.93% |
Correlation
The correlation between GDXJ.L and ISAG.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2015 | 0.26 |
The correlation between GDXJ.L and ISAG.L shifts across timeframes, from 0.26 (all time) to 0.36 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GDXJ.L vs. ISAG.L — Risk / Return Rank
GDXJ.L
ISAG.L
GDXJ.L vs. ISAG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Junior Gold Miners UCITS ETF USD (Acc) (GDXJ.L) and iShares Agribusiness UCITS ETF USD (Acc) (ISAG.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.
| GDXJ.L | ISAG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.22 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 1.63 | -0.59 |
| Martin ratioReturn relative to average drawdown | 2.42 | 4.59 | -2.16 |
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Drawdowns
GDXJ.L vs. ISAG.L - Drawdown Comparison
The maximum GDXJ.L drawdown since its inception was -58.17%, which is greater than ISAG.L's maximum drawdown of -37.16%. Use the drawdown chart below to compare losses from any high point for GDXJ.L and ISAG.L.
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Drawdown Indicators
| GDXJ.L | ISAG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.17% | -37.16% | -21.01% |
Max Drawdown (1Y)Largest decline over 1 year | -40.15% | -10.17% | -29.98% |
Max Drawdown (3Y)Largest decline over 3 years | -40.15% | -19.13% | -21.02% |
Max Drawdown (5Y)Largest decline over 5 years | -47.48% | -33.22% | -14.26% |
Max Drawdown (10Y)Largest decline over 10 years | -58.17% | -37.16% | -21.01% |
Current DrawdownCurrent decline from peak | -40.15% | -6.32% | -33.83% |
Average DrawdownAverage peak-to-trough decline | -27.07% | -10.38% | -16.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.37% | 3.63% | +13.74% |
Volatility
GDXJ.L vs. ISAG.L - Volatility Comparison
VanEck Junior Gold Miners UCITS ETF USD (Acc) (GDXJ.L) has a higher volatility of 15.13% compared to iShares Agribusiness UCITS ETF USD (Acc) (ISAG.L) at 2.41%. This indicates that GDXJ.L's price experiences larger fluctuations and is considered to be riskier than ISAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXJ.L | ISAG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.13% | 2.41% | +12.72% |
Volatility (6M)Calculated over the trailing 6-month period | 43.81% | 10.29% | +33.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.22% | 13.49% | +39.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.01% | 17.62% | +23.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.68% | 17.84% | +22.84% |
GDXJ.L vs. ISAG.L - Expense Ratio Comparison
Both GDXJ.L and ISAG.L have an expense ratio of 0.55%.
Dividends
GDXJ.L vs. ISAG.L - Dividend Comparison
Neither GDXJ.L nor ISAG.L has paid dividends to shareholders.
Frequently Asked Questions
GDXJ.L and ISAG.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GDXJ.L and ISAG.L have the same expense ratio: 0.55% per year.
GDXJ.L is categorized as Precious Metals Equities, while ISAG.L is Commodity Producers Equities. GDXJ.L tracks MVIS Global Junior Gold Miners Index, while ISAG.L tracks S&P Commodity Producers Agribusiness Index NTR. They also come from different issuers: VanEck and iShares.
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