GDXJ.L vs. TREG.L
GDXJ.L (VanEck Junior Gold Miners UCITS ETF) and TREG.L (VanEck Global Real Estate UCITS ETF) are both exchange-traded funds - GDXJ.L is a Commodity Producers Equities fund tracking the VanEck Junior Gold Miners UCITS ETF, while TREG.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 10 years, GDXJ.L returned 8.54%/yr vs 2.16%/yr for TREG.L. At a 0.19 correlation, their price movements are largely independent. GDXJ.L charges 0.55%/yr vs 0.25%/yr for TREG.L.
Performance
GDXJ.L vs. TREG.L - Performance Comparison
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Different Trading Currencies
GDXJ.L is traded in USD, while TREG.L is traded in GBP. To make them comparable, the TREG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GDXJ.L achieves a -15.83% return, which is significantly lower than TREG.L's 9.88% return. Over the past 10 years, GDXJ.L has outperformed TREG.L with an annualized return of 8.54%, while TREG.L has yielded a comparatively lower 2.16% annualized return.
GDXJ.L
- 1D
- 0.06%
- 1M
- -15.26%
- 6M
- -24.53%
- YTD
- -15.83%
- 1Y
- 45.92%
- 3Y*
- 38.40%
- 5Y*
- 17.93%
- 10Y*
- 8.54%
TREG.L
- 1D
- 0.32%
- 1M
- 1.74%
- 6M
- 8.50%
- YTD
- 9.88%
- 1Y
- 16.50%
- 3Y*
- 11.09%
- 5Y*
- 2.86%
- 10Y*
- 2.16%
GDXJ.L vs. TREG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GDXJ.L VanEck Junior Gold Miners UCITS ETF | -15.83% | 175.70% | 13.26% | 7.29% | -13.07% | -23.07% | 30.24% | 44.17% | -12.91% | 0.10% |
TREG.L VanEck Global Real Estate UCITS ETF | 9.88% | 14.68% | 1.06% | 13.30% | -25.65% | 30.14% | -7.29% | 7.67% | -5.85% | 5.00% |
Correlation
The correlation between GDXJ.L and TREG.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2015 | 0.19 |
The correlation between GDXJ.L and TREG.L shifts across timeframes, from 0.19 (all time) to 0.30 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GDXJ.L vs. TREG.L — Risk / Return Rank
GDXJ.L
TREG.L
GDXJ.L vs. TREG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Junior Gold Miners UCITS ETF (GDXJ.L) and VanEck Global Real Estate UCITS ETF (TREG.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 | TREG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.23 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.50 | -0.38 |
| Martin ratioReturn relative to average drawdown | 2.57 | 5.11 | -2.54 |
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Drawdowns
GDXJ.L vs. TREG.L - Drawdown Comparison
The maximum GDXJ.L drawdown since its inception was -58.17%, which is greater than TREG.L's maximum drawdown of -52.53%. Use the drawdown chart below to compare losses from any high point for GDXJ.L and TREG.L.
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Drawdown Indicators
| GDXJ.L | TREG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.17% | -52.53% | -5.64% |
Max Drawdown (1Y)Largest decline over 1 year | -39.08% | -10.92% | -28.16% |
Max Drawdown (3Y)Largest decline over 3 years | -39.08% | -17.05% | -22.03% |
Max Drawdown (5Y)Largest decline over 5 years | -47.48% | -33.44% | -14.04% |
Max Drawdown (10Y)Largest decline over 10 years | -58.17% | -43.09% | -15.08% |
Current DrawdownCurrent decline from peak | -37.70% | -0.98% | -36.72% |
Average DrawdownAverage peak-to-trough decline | -27.07% | -16.86% | -10.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.17% | 3.22% | +13.95% |
Volatility
GDXJ.L vs. TREG.L - Volatility Comparison
VanEck Junior Gold Miners UCITS ETF (GDXJ.L) has a higher volatility of 16.88% compared to VanEck Global Real Estate UCITS ETF (TREG.L) at 3.73%. This indicates that GDXJ.L's price experiences larger fluctuations and is considered to be riskier than TREG.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 | TREG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.88% | 3.73% | +13.15% |
Volatility (6M)Calculated over the trailing 6-month period | 43.73% | 10.17% | +33.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.13% | 12.43% | +40.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.00% | 16.74% | +24.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.67% | 18.15% | +22.52% |
GDXJ.L vs. TREG.L - Expense Ratio Comparison
GDXJ.L has a 0.55% expense ratio, which is higher than TREG.L's 0.25% expense ratio.
Dividends
GDXJ.L vs. TREG.L - Dividend Comparison
GDXJ.L has not paid dividends to shareholders, while TREG.L's dividend yield for the trailing twelve months is around 3.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GDXJ.L VanEck Junior Gold Miners UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TREG.L VanEck Global Real Estate UCITS ETF | 3.34% | 3.57% | 3.48% | 3.64% | 4.54% | 1.82% | 4.49% | 3.41% | 3.83% | 2.79% |
Frequently Asked Questions
GDXJ.L and TREG.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TREG.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TREG.L is cheaper with a 0.25% expense ratio, compared with 0.55% for GDXJ.L.
GDXJ.L is categorized as Commodity Producers Equities, while TREG.L is REIT. GDXJ.L tracks VanEck Junior Gold Miners UCITS ETF, while TREG.L tracks FTSE EPRA Nareit Global TR USD. Their fees differ too: 0.55% for GDXJ.L and 0.25% for TREG.L.
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