GIGB.L vs. SMGB.L
GIGB.L (VanEck S&P Global Mining UCITS ETF) and SMGB.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - GIGB.L is a Global Equities fund tracking the VanEck S&P Global Mining UCITS ETF, while SMGB.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index. Both are passively managed. Over the past 5 years, GIGB.L returned 13.45%/yr vs 36.22%/yr for SMGB.L. At a 0.34 correlation, their price movements are largely independent. GIGB.L charges 0.50%/yr vs 0.35%/yr for SMGB.L.
Performance
GIGB.L vs. SMGB.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 SMGB.L's 76.18% 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*
- —
SMGB.L
- 1D
- -4.19%
- 1M
- -9.43%
- 6M
- 62.45%
- YTD
- 76.18%
- 1Y
- 122.30%
- 3Y*
- 52.80%
- 5Y*
- 36.22%
- 10Y*
- —
GIGB.L vs. SMGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GIGB.L VanEck S&P Global Mining UCITS ETF | 0.48% | 77.74% | -7.37% | -1.37% | 15.87% | 8.64% | 2.44% |
SMGB.L VanEck Semiconductor UCITS ETF | 76.18% | 38.79% | 26.32% | 66.15% | -27.78% | 44.41% | -0.72% |
Correlation
The correlation between GIGB.L and SMGB.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.34 |
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Return for Risk
GIGB.L vs. SMGB.L — Risk / Return Rank
GIGB.L
SMGB.L
GIGB.L vs. SMGB.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 Semiconductor UCITS ETF (SMGB.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 | SMGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.48 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 8.37 | -6.43 |
| Martin ratioReturn relative to average drawdown | 5.30 | 28.90 | -23.60 |
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Drawdowns
GIGB.L vs. SMGB.L - Drawdown Comparison
The maximum GIGB.L drawdown since its inception was -45.07%, which is greater than SMGB.L's maximum drawdown of -36.23%. Use the drawdown chart below to compare losses from any high point for GIGB.L and SMGB.L.
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Drawdown Indicators
| GIGB.L | SMGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.07% | -36.23% | -8.84% |
Max Drawdown (1Y)Largest decline over 1 year | -26.52% | -14.52% | -12.00% |
Max Drawdown (3Y)Largest decline over 3 years | -26.52% | -36.23% | +9.71% |
Max Drawdown (5Y)Largest decline over 5 years | -29.29% | -36.23% | +6.94% |
Current DrawdownCurrent decline from peak | -24.02% | -13.53% | -10.49% |
Average DrawdownAverage peak-to-trough decline | -14.82% | -9.77% | -5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.76% | 4.22% | +5.54% |
Volatility
GIGB.L vs. SMGB.L - Volatility Comparison
The current volatility for VanEck S&P Global Mining UCITS ETF (GIGB.L) is 10.51%, while VanEck Semiconductor UCITS ETF (SMGB.L) has a volatility of 16.71%. This indicates that GIGB.L experiences smaller price fluctuations and is considered to be less risky than SMGB.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 | SMGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.51% | 16.71% | -6.20% |
Volatility (6M)Calculated over the trailing 6-month period | 28.35% | 29.79% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.84% | 36.04% | -2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.68% | 31.55% | -1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.36% | 30.99% | -1.63% |
GIGB.L vs. SMGB.L - Expense Ratio Comparison
GIGB.L has a 0.50% expense ratio, which is higher than SMGB.L's 0.35% expense ratio.
Dividends
GIGB.L vs. SMGB.L - Dividend Comparison
Neither GIGB.L nor SMGB.L has paid dividends to shareholders.
Frequently Asked Questions
GIGB.L and SMGB.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMGB.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMGB.L is cheaper with a 0.35% expense ratio, compared with 0.50% for GIGB.L.
GIGB.L is categorized as Global Equities, while SMGB.L is Semiconductors. GIGB.L tracks VanEck S&P Global Mining UCITS ETF, while SMGB.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index. Their fees differ too: 0.50% for GIGB.L and 0.35% for SMGB.L.
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