GJGB.L vs. SMH
Compare and contrast key facts about VanEck Junior Gold Miners UCITS (GJGB.L) and VanEck Vectors Semiconductor ETF (SMH).
GJGB.L and SMH 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. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011. Both GJGB.L and SMH 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 SMH.
Key characteristics
| GJGB.L | SMH | |
|---|---|---|
| YTD Return | 18.61% | 44.03% |
| 1Y Return | 34.10% | 62.09% |
| 3Y Return (Ann) | 1.07% | 20.37% |
| 5Y Return (Ann) | 5.30% | 33.67% |
| Sharpe Ratio | 0.88 | 1.78 |
| Sortino Ratio | 1.39 | 2.29 |
| Omega Ratio | 1.17 | 1.30 |
| Calmar Ratio | 0.66 | 2.46 |
| Martin Ratio | 3.81 | 6.77 |
| Ulcer Index | 8.27% | 9.02% |
| Daily Std Dev | 35.74% | 34.35% |
| Max Drawdown | -49.12% | -95.73% |
| Current Drawdown | -24.84% | -10.46% |
Correlation
The correlation between GJGB.L and SMH is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GJGB.L vs. SMH - Performance Comparison
In the year-to-date period, GJGB.L achieves a 18.61% return, which is significantly lower than SMH's 44.03% 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. SMH - Expense Ratio Comparison
GJGB.L has a 0.55% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
GJGB.L vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Junior Gold Miners UCITS (GJGB.L) and VanEck Vectors Semiconductor ETF (SMH). 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. SMH - Dividend Comparison
GJGB.L has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.41%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GJGB.L VanEck Junior Gold Miners UCITS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.41% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
GJGB.L vs. SMH - Drawdown Comparison
The maximum GJGB.L drawdown since its inception was -49.12%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for GJGB.L and SMH. For additional features, visit the drawdowns tool.
Volatility
GJGB.L vs. SMH - Volatility Comparison
VanEck Junior Gold Miners UCITS (GJGB.L) has a higher volatility of 10.35% compared to VanEck Vectors Semiconductor ETF (SMH) at 9.39%. This indicates that GJGB.L's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.