GJGB.L vs. JEDG.L
GJGB.L (VanEck Junior Gold Miners UCITS ETF) and JEDG.L (VanEck Space Innovators UCITS ETF) are both exchange-traded funds - GJGB.L is a Gold fund tracking the MVIS Global Junior Gold Miners Index, while JEDG.L is a Industrials Equities fund tracking the MSCI World/Materials NR USD. Both are passively managed. Over the past 3 years, GJGB.L returned 42.48%/yr vs 65.85%/yr for JEDG.L. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
GJGB.L vs. JEDG.L - Performance Comparison
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Returns By Period
In the year-to-date period, GJGB.L achieves a -1.48% return, which is significantly lower than JEDG.L's 74.89% return.
GJGB.L
- 1D
- 0.69%
- 1M
- -7.95%
- YTD
- -1.48%
- 6M
- 6.02%
- 1Y
- 64.29%
- 3Y*
- 42.48%
- 5Y*
- 18.91%
- 10Y*
- —
JEDG.L
- 1D
- 1.49%
- 1M
- 20.26%
- YTD
- 74.89%
- 6M
- 92.27%
- 1Y
- 200.99%
- 3Y*
- 65.85%
- 5Y*
- —
- 10Y*
- —
GJGB.L vs. JEDG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GJGB.L VanEck Junior Gold Miners UCITS ETF | -1.48% | 156.51% | 14.83% | 1.67% | 5.36% |
JEDG.L VanEck Space Innovators UCITS ETF | 74.89% | 80.38% | 46.13% | 6.44% | -12.08% |
Correlation
The correlation between GJGB.L and JEDG.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.24 |
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Return for Risk
GJGB.L vs. JEDG.L — Risk / Return Rank
GJGB.L
JEDG.L
GJGB.L vs. JEDG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Junior Gold Miners UCITS ETF (GJGB.L) and VanEck Space Innovators UCITS ETF (JEDG.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.
| GJGB.L | JEDG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.61 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 9.18 | -7.00 |
| Martin ratioReturn relative to average drawdown | 5.30 | 30.71 | -25.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GJGB.L | JEDG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 4.77 | -3.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 1.36 | -0.96 |
Drawdowns
GJGB.L vs. JEDG.L - Drawdown Comparison
The maximum GJGB.L drawdown since its inception was -49.12%, which is greater than JEDG.L's maximum drawdown of -26.80%. Use the drawdown chart below to compare losses from any high point for GJGB.L and JEDG.L.
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Drawdown Indicators
| GJGB.L | JEDG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.12% | -26.80% | -22.32% |
Max Drawdown (1Y)Largest decline over 1 year | -29.95% | -22.94% | -7.01% |
Max Drawdown (3Y)Largest decline over 3 years | -29.95% | -26.80% | -3.15% |
Max Drawdown (5Y)Largest decline over 5 years | -36.65% | — | — |
Current DrawdownCurrent decline from peak | -27.14% | -13.90% | -13.24% |
Average DrawdownAverage peak-to-trough decline | -22.35% | -8.86% | -13.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.37% | 6.87% | +5.50% |
Volatility
GJGB.L vs. JEDG.L - Volatility Comparison
The current volatility for VanEck Junior Gold Miners UCITS ETF (GJGB.L) is 16.00%, while VanEck Space Innovators UCITS ETF (JEDG.L) has a volatility of 18.94%. This indicates that GJGB.L experiences smaller price fluctuations and is considered to be less risky than JEDG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GJGB.L | JEDG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.00% | 18.94% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 36.81% | 34.54% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.62% | 44.16% | +1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.94% | 33.12% | +3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.80% | 33.12% | +3.68% |
GJGB.L vs. JEDG.L - Expense Ratio Comparison
Both GJGB.L and JEDG.L have an expense ratio of 0.55%.
Dividends
GJGB.L vs. JEDG.L - Dividend Comparison
Neither GJGB.L nor JEDG.L has paid dividends to shareholders.
Frequently Asked Questions
GJGB.L and JEDG.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GJGB.L and JEDG.L have the same expense ratio: 0.55% per year.
GJGB.L is categorized as Gold, while JEDG.L is Industrials Equities. GJGB.L tracks MVIS Global Junior Gold Miners Index, while JEDG.L tracks MSCI World/Materials NR USD.
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