GIGB.L vs. GDGB.L

Last updated Jul 16, 2026

GIGB.L (VanEck S&P Global Mining UCITS ETF) and GDGB.L (VanEck Gold Miners UCITS ETF) are both exchange-traded funds - GIGB.L is a Global Equities fund tracking the VanEck S&P Global Mining UCITS ETF, while GDGB.L is a Gold fund tracking the MarketVector Global Gold Miners Index. Both are passively managed. Over the past 5 years, GIGB.L returned 13.45%/yr vs 18.53%/yr for GDGB.L. A 0.68 correlation means they provide meaningful diversification when combined. GIGB.L charges 0.50%/yr vs 0.53%/yr for GDGB.L.

Performance

GIGB.L vs. GDGB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in VanEck S&P Global Mining UCITS ETF (GIGB.L) and VanEck Gold Miners UCITS ETF (GDGB.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GIGB.L achieves a 0.48% return, which is significantly higher than GDGB.L's -14.69% return.

GIGB.L

• 1D: 0.00%
• 1M: -13.91%
• 6M: -11.20%
• YTD: 0.48%
• 1Y: 52.68%
• 3Y*: 20.60%
• 5Y*: 13.45%
• 10Y*: —

GDGB.L

• 1D: -3.56%
• 1M: -14.99%
• 6M: -24.57%
• YTD: -14.69%
• 1Y: 43.75%
• 3Y*: 31.62%
• 5Y*: 18.53%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GIGB.L vs. GDGB.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GIGB.L VanEck S&P Global Mining UCITS ETF	0.48%	77.74%	-7.37%	-1.37%	15.87%	8.64%	27.01%	21.34%	-33.33%
GDGB.L VanEck Gold Miners UCITS ETF	-14.69%	138.26%	11.24%	3.69%	3.04%	-10.47%	19.56%	38.86%	2.18%

Correlation

The correlation between GIGB.L and GDGB.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Apr 18, 2018	0.68

Over the past year, GIGB.L and GDGB.L have become more correlated (0.93) than their long-term average of 0.68, meaning their price movements have been converging.

Return for Risk

GIGB.L vs. GDGB.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GIGB.L

GIGB.L Risk / Return Rank: 48
GIGB.L Sharpe Ratio Rank: 55
GIGB.L Sortino Ratio Rank: 49
GIGB.L Omega Ratio Rank: 48
GIGB.L Calmar Ratio Rank: 47
GIGB.L Martin Ratio Rank: 41

GDGB.L

GDGB.L Risk / Return Rank: 30
GDGB.L Sharpe Ratio Rank: 32
GDGB.L Sortino Ratio Rank: 32
GDGB.L Omega Ratio Rank: 31
GDGB.L Calmar Ratio Rank: 29
GDGB.L Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GIGB.L vs. GDGB.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck S&P Global Mining UCITS ETF (GIGB.L) and VanEck Gold Miners UCITS ETF (GDGB.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.

	GIGB.L	GDGB.L	Difference
Sharpe ratio: Return per unit of total volatility	1.53	0.96	+0.56
Sortino ratio: Return per unit of downside risk	2.03	1.46	+0.58
Omega ratio: Gain probability vs. loss probability	1.25	1.18	+0.07
Calmar ratio: Return relative to maximum drawdown	1.95	1.18	+0.77
Martin ratio: Return relative to average drawdown	5.30	2.80	+2.50

GIGB.L vs. GDGB.L - Sharpe Ratio Comparison

The current GIGB.L Sharpe Ratio is 1.53, which is higher than the GDGB.L Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of GIGB.L and GDGB.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GIGB.L vs. GDGB.L - Drawdown Comparison

The maximum GIGB.L drawdown since its inception was -45.07%, which is greater than GDGB.L's maximum drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for GIGB.L and GDGB.L.

Drawdown Indicators

	GIGB.L	GDGB.L	Difference
Max Drawdown Largest peak-to-trough decline	-45.07%	-40.80%	-4.27%
Max Drawdown (1Y) Largest decline over 1 year	-26.52%	-36.94%	+10.42%
Max Drawdown (3Y) Largest decline over 3 years	-26.52%	-36.94%	+10.42%
Max Drawdown (5Y) Largest decline over 5 years	-29.29%	-36.94%	+7.65%
Current Drawdown Current decline from peak	-24.02%	-36.36%	+12.34%
Average Drawdown Average peak-to-trough decline	-14.82%	-17.68%	+2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.76%	15.58%	-5.82%

Volatility

GIGB.L vs. GDGB.L - Volatility Comparison

The current volatility for VanEck S&P Global Mining UCITS ETF (GIGB.L) is 10.51%, while VanEck Gold Miners UCITS ETF (GDGB.L) has a volatility of 14.74%. This indicates that GIGB.L experiences smaller price fluctuations and is considered to be less risky than GDGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GIGB.L	GDGB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.51%	14.74%	-4.23%
Volatility (6M) Calculated over the trailing 6-month period	28.35%	36.46%	-8.11%
Volatility (1Y) Calculated over the trailing 1-year period	33.84%	45.32%	-11.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.68%	33.60%	-3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.36%	32.52%	-3.16%

GIGB.L vs. GDGB.L - Expense Ratio Comparison

GIGB.L has a 0.50% expense ratio, which is lower than GDGB.L's 0.53% expense ratio.

Dividends

GIGB.L vs. GDGB.L - Dividend Comparison

Neither GIGB.L nor GDGB.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GIGB.L and GDGB.L in my portfolio?

With a correlation of 0.93, GIGB.L and GDGB.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GIGB.L or GDGB.L?

On fees, GIGB.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GIGB.L or GDGB.L?

GIGB.L is cheaper with a 0.50% expense ratio, compared with 0.53% for GDGB.L.

What is the main difference between GIGB.L and GDGB.L?

GIGB.L is categorized as Global Equities, while GDGB.L is Gold. GIGB.L tracks VanEck S&P Global Mining UCITS ETF, while GDGB.L tracks MarketVector Global Gold Miners Index. Their fees differ too: 0.50% for GIGB.L and 0.53% for GDGB.L.