GIGB.L vs. SPXS.L
GIGB.L (VanEck S&P Global Mining UCITS ETF) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds - GIGB.L tracks the VanEck S&P Global Mining UCITS ETF while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 5 years, GIGB.L returned 13.45%/yr vs -54.77%/yr for SPXS.L. At a 0.37 correlation, their price movements are largely independent. GIGB.L charges 0.50%/yr vs 0.05%/yr for SPXS.L.
Performance
GIGB.L vs. SPXS.L - Performance Comparison
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Different Trading Currencies
GIGB.L is traded in GBP, while SPXS.L is traded in USD. To make them comparable, the SPXS.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, GIGB.L achieves a 0.48% return, which is significantly lower than SPXS.L's 9.88% 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*
- —
SPXS.L
- 1D
- 0.00%
- 1M
- -0.81%
- 6M
- 9.42%
- YTD
- 9.88%
- 1Y
- -98.79%
- 3Y*
- -74.39%
- 5Y*
- -54.77%
- 10Y*
- -27.53%
GIGB.L vs. SPXS.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% |
SPXS.L Invesco S&P 500 UCITS ETF | 9.88% | -98.91% | 27.76% | 20.65% | -8.84% | 30.87% | 14.43% | 25.88% | 5.25% |
Correlation
The correlation between GIGB.L and SPXS.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2018 | 0.37 |
The correlation between GIGB.L and SPXS.L shifts across timeframes, from 0.28 (3 years) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GIGB.L vs. SPXS.L — Risk / Return Rank
GIGB.L
SPXS.L
GIGB.L vs. SPXS.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 Invesco S&P 500 UCITS ETF (SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.52 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.52 | +0.73 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | -1.00 | +2.94 |
| Martin ratioReturn relative to average drawdown | 5.30 | -1.23 | +6.53 |
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Drawdowns
GIGB.L vs. SPXS.L - Drawdown Comparison
The maximum GIGB.L drawdown since its inception was -45.07%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for GIGB.L and SPXS.L.
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Drawdown Indicators
| GIGB.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.07% | -99.07% | +54.00% |
Max Drawdown (1Y)Largest decline over 1 year | -26.52% | -99.07% | +72.55% |
Max Drawdown (3Y)Largest decline over 3 years | -26.52% | -99.07% | +72.55% |
Max Drawdown (5Y)Largest decline over 5 years | -29.29% | -99.07% | +69.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | -24.02% | -98.92% | +74.90% |
Average DrawdownAverage peak-to-trough decline | -14.82% | -7.34% | -7.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.76% | 80.59% | -70.83% |
Volatility
GIGB.L vs. SPXS.L - Volatility Comparison
VanEck S&P Global Mining UCITS ETF (GIGB.L) has a higher volatility of 10.51% compared to Invesco S&P 500 UCITS ETF (SPXS.L) at 2.88%. This indicates that GIGB.L's price experiences larger fluctuations and is considered to be riskier than SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.51% | 2.88% | +7.63% |
Volatility (6M)Calculated over the trailing 6-month period | 28.35% | 9.25% | +19.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.84% | 99.46% | -65.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.68% | 46.95% | -17.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.36% | 35.32% | -5.96% |
GIGB.L vs. SPXS.L - Expense Ratio Comparison
GIGB.L has a 0.50% expense ratio, which is higher than SPXS.L's 0.05% expense ratio.
Dividends
GIGB.L vs. SPXS.L - Dividend Comparison
Neither GIGB.L nor SPXS.L has paid dividends to shareholders.
Frequently Asked Questions
GIGB.L and SPXS.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPXS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.L is cheaper with a 0.05% expense ratio, compared with 0.50% for GIGB.L.
GIGB.L tracks VanEck S&P Global Mining UCITS ETF, while SPXS.L tracks Invesco S&P 500 UCITS ETF. They also come from different issuers: VanEck and Invesco. Their fees differ too: 0.50% for GIGB.L and 0.05% for SPXS.L.
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