GJGB.L vs. AAAU
Compare and contrast key facts about VanEck Junior Gold Miners UCITS (GJGB.L) and Goldman Sachs Physical Gold ETF (AAAU).
GJGB.L and AAAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GJGB.L is a passively managed fund by VanEck that tracks the performance of the EMIX Global Mining Global Gold TR USD. It was launched on Mar 25, 2015. AAAU is a passively managed fund by Goldman Sachs that tracks the performance of the LBMA Gold PM Price. It was launched on Jul 26, 2018. Both GJGB.L and AAAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GJGB.L or AAAU.
Key characteristics
| GJGB.L | AAAU | |
|---|---|---|
| YTD Return | 18.61% | 25.84% |
| 1Y Return | 34.10% | 33.14% |
| 3Y Return (Ann) | 1.07% | 11.52% |
| 5Y Return (Ann) | 5.30% | 11.92% |
| Sharpe Ratio | 0.88 | 2.33 |
| Sortino Ratio | 1.39 | 3.09 |
| Omega Ratio | 1.17 | 1.41 |
| Calmar Ratio | 0.66 | 5.05 |
| Martin Ratio | 3.81 | 15.04 |
| Ulcer Index | 8.27% | 2.26% |
| Daily Std Dev | 35.74% | 14.60% |
| Max Drawdown | -49.12% | -21.63% |
| Current Drawdown | -24.84% | -6.75% |
Correlation
The correlation between GJGB.L and AAAU is 0.64, 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.
Performance
GJGB.L vs. AAAU - Performance Comparison
In the year-to-date period, GJGB.L achieves a 18.61% return, which is significantly lower than AAAU's 25.84% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GJGB.L vs. AAAU - Expense Ratio Comparison
GJGB.L has a 0.55% expense ratio, which is higher than AAAU's 0.18% expense ratio.
Risk-Adjusted Performance
GJGB.L vs. AAAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Junior Gold Miners UCITS (GJGB.L) and Goldman Sachs Physical Gold ETF (AAAU). 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.
Dividends
GJGB.L vs. AAAU - Dividend Comparison
Neither GJGB.L nor AAAU has paid dividends to shareholders.
Drawdowns
GJGB.L vs. AAAU - Drawdown Comparison
The maximum GJGB.L drawdown since its inception was -49.12%, which is greater than AAAU's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for GJGB.L and AAAU. For additional features, visit the drawdowns tool.
Volatility
GJGB.L vs. AAAU - Volatility Comparison
VanEck Junior Gold Miners UCITS (GJGB.L) has a higher volatility of 10.35% compared to Goldman Sachs Physical Gold ETF (AAAU) at 5.35%. This indicates that GJGB.L's price experiences larger fluctuations and is considered to be riskier than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.