GIGB.L vs. MIST.L
GIGB.L (VanEck S&P Global Mining UCITS ETF) and MIST.L (PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation) are both Global Equities funds - GIGB.L tracks the VanEck S&P Global Mining UCITS ETF while MIST.L tracks the PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation. Both are passively managed. Over the past 5 years, GIGB.L returned 13.45%/yr vs 3.14%/yr for MIST.L. At a 0.06 correlation, their price movements are largely independent.
Performance
GIGB.L vs. MIST.L - Performance Comparison
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Returns By Period
In the year-to-date period, GIGB.L achieves a 0.48% return, which is significantly lower than MIST.L's 2.23% 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*
- —
MIST.L
- 1D
- 0.00%
- 1M
- 0.32%
- 6M
- 2.06%
- YTD
- 2.23%
- 1Y
- 4.37%
- 3Y*
- 5.04%
- 5Y*
- 3.14%
- 10Y*
- —
GIGB.L vs. MIST.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GIGB.L VanEck S&P Global Mining UCITS ETF | 0.48% | 77.74% | -7.37% | -1.37% | 15.87% | 8.64% | 27.01% | 2.06% |
MIST.L PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation | 2.23% | 4.61% | 5.53% | 5.01% | -1.12% | -0.36% | 0.63% | 0.28% |
Correlation
The correlation between GIGB.L and MIST.L is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2019 | 0.06 |
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Return for Risk
GIGB.L vs. MIST.L — Risk / Return Rank
GIGB.L
MIST.L
GIGB.L vs. MIST.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 PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.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 | MIST.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.06 | ||
| Sortino ratioReturn per unit of downside risk | -33.32 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 7.17 | -5.91 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 101.64 | -99.70 |
| Martin ratioReturn relative to average drawdown | 5.30 | 493.90 | -488.60 |
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Drawdowns
GIGB.L vs. MIST.L - Drawdown Comparison
The maximum GIGB.L drawdown since its inception was -45.07%, which is greater than MIST.L's maximum drawdown of -3.70%. Use the drawdown chart below to compare losses from any high point for GIGB.L and MIST.L.
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Drawdown Indicators
| GIGB.L | MIST.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.07% | -3.70% | -41.37% |
Max Drawdown (1Y)Largest decline over 1 year | -26.52% | -0.04% | -26.48% |
Max Drawdown (3Y)Largest decline over 3 years | -26.52% | -0.20% | -26.32% |
Max Drawdown (5Y)Largest decline over 5 years | -29.29% | -2.45% | -26.84% |
Current DrawdownCurrent decline from peak | -24.02% | 0.00% | -24.02% |
Average DrawdownAverage peak-to-trough decline | -14.82% | -0.38% | -14.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.76% | 0.01% | +9.75% |
Volatility
GIGB.L vs. MIST.L - Volatility Comparison
VanEck S&P Global Mining UCITS ETF (GIGB.L) has a higher volatility of 10.51% compared to PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation (MIST.L) at 0.10%. This indicates that GIGB.L's price experiences larger fluctuations and is considered to be riskier than MIST.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GIGB.L | MIST.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.51% | 0.10% | +10.41% |
Volatility (6M)Calculated over the trailing 6-month period | 28.35% | 0.28% | +28.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.84% | 0.38% | +33.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.68% | 0.58% | +29.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.36% | 0.98% | +28.38% |
Dividends
GIGB.L vs. MIST.L - Dividend Comparison
Neither GIGB.L nor MIST.L has paid dividends to shareholders.
Frequently Asked Questions
GIGB.L and MIST.L have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GIGB.L tracks VanEck S&P Global Mining UCITS ETF, while MIST.L tracks PIMCO US Dollar Short Maturity UCITS ETF Institutional GBP (Hedged) Accumulation. They also come from different issuers: VanEck and PIMCO.
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