GGN vs. GDX
Compare and contrast key facts about GAMCO Global Gold, Natural Resources and Income Trust (GGN) and VanEck Gold Miners ETF (GDX).
GGN is managed by Gabelli. It was launched on Jan 4, 2005. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE MarketVector Global Gold Miners Index. It was launched on May 16, 2006.
Performance
GGN vs. GDX - Performance Comparison
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GGN vs. GDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GGN GAMCO Global Gold, Natural Resources and Income Trust | 4.82% | 48.19% | 9.59% | 15.01% | 6.80% | 17.41% | -8.62% | 36.59% | -19.53% | 9.54% |
GDX VanEck Gold Miners ETF | 7.00% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 23.66% | 39.84% | -8.77% | 11.99% |
Returns By Period
In the year-to-date period, GGN achieves a 4.82% return, which is significantly lower than GDX's 7.00% return. Over the past 10 years, GGN has underperformed GDX with an annualized return of 11.12%, while GDX has yielded a comparatively higher 17.53% annualized return.
GGN
- 1D
- 4.11%
- 1M
- -7.28%
- YTD
- 4.82%
- 6M
- 6.78%
- 1Y
- 31.12%
- 3Y*
- 23.74%
- 5Y*
- 19.00%
- 10Y*
- 11.12%
GDX
- 1D
- 6.97%
- 1M
- -20.78%
- YTD
- 7.00%
- 6M
- 20.99%
- 1Y
- 101.08%
- 3Y*
- 43.23%
- 5Y*
- 23.96%
- 10Y*
- 17.53%
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GGN vs. GDX - Expense Ratio Comparison
GGN has a 0.02% expense ratio, which is lower than GDX's 0.51% expense ratio.
Return for Risk
GGN vs. GDX — Risk / Return Rank
GGN
GDX
GGN vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GAMCO Global Gold, Natural Resources and Income Trust (GGN) and VanEck Gold Miners ETF (GDX). 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.
| GGN | GDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 2.21 | -0.94 |
Sortino ratioReturn per unit of downside risk | 1.65 | 2.45 | -0.80 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.36 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 3.34 | -1.43 |
Martin ratioReturn relative to average drawdown | 7.45 | 12.07 | -4.62 |
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
| GGN | GDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 2.21 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.67 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.47 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.14 | +0.01 |
Correlation
The correlation between GGN and GDX is 0.58, 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
GGN vs. GDX - Dividend Comparison
GGN's dividend yield for the trailing twelve months is around 6.77%, more than GDX's 0.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGN GAMCO Global Gold, Natural Resources and Income Trust | 6.77% | 6.98% | 9.55% | 10.37% | 9.92% | 9.60% | 13.68% | 13.64% | 16.22% | 11.52% | 15.85% | 17.68% |
GDX VanEck Gold Miners ETF | 0.69% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
Drawdowns
GGN vs. GDX - Drawdown Comparison
The maximum GGN drawdown since its inception was -73.04%, smaller than the maximum GDX drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for GGN and GDX.
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Drawdown Indicators
| GGN | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.04% | -80.34% | +7.30% |
Max Drawdown (1Y)Largest decline over 1 year | -16.80% | -30.84% | +14.04% |
Max Drawdown (5Y)Largest decline over 5 years | -22.08% | -46.51% | +24.43% |
Max Drawdown (10Y)Largest decline over 10 years | -53.04% | -49.79% | -3.25% |
Current DrawdownCurrent decline from peak | -8.55% | -20.78% | +12.23% |
Average DrawdownAverage peak-to-trough decline | -31.99% | -40.61% | +8.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 8.52% | -4.22% |
Volatility
GGN vs. GDX - Volatility Comparison
The current volatility for GAMCO Global Gold, Natural Resources and Income Trust (GGN) is 10.69%, while VanEck Gold Miners ETF (GDX) has a volatility of 18.51%. This indicates that GGN experiences smaller price fluctuations and is considered to be less risky than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGN | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.69% | 18.51% | -7.82% |
Volatility (6M)Calculated over the trailing 6-month period | 20.48% | 38.19% | -17.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.59% | 46.00% | -21.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.46% | 35.73% | -16.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.53% | 37.44% | -13.91% |