GLDA.DE vs. VVMX.DE
GLDA.DE (Amundi Physical Gold ETC (C)) and VVMX.DE (VanEck Rare Earth and Strategic Metals UCITS ETF A) are both exchange-traded funds - GLDA.DE is a Precious Metals fund tracking the Gold, while VVMX.DE is a Commodity Producers Equities fund tracking the MVIS Global Rare Earth/Strategic Metals. Both are passively managed. Over the past 3 years, GLDA.DE returned 28.03%/yr vs 3.35%/yr for VVMX.DE. At a 0.17 correlation, their price movements are largely independent. GLDA.DE charges 0.12%/yr vs 0.59%/yr for VVMX.DE.
Performance
GLDA.DE vs. VVMX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GLDA.DE achieves a 2.73% return, which is significantly lower than VVMX.DE's 30.24% return.
GLDA.DE
- 1D
- 0.57%
- 1M
- -1.60%
- YTD
- 2.73%
- 6M
- 6.36%
- 1Y
- 30.16%
- 3Y*
- 28.03%
- 5Y*
- 19.71%
- 10Y*
- —
VVMX.DE
- 1D
- -1.82%
- 1M
- -6.33%
- YTD
- 30.24%
- 6M
- 39.84%
- 1Y
- 155.75%
- 3Y*
- 3.35%
- 5Y*
- —
- 10Y*
- —
GLDA.DE vs. VVMX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GLDA.DE Amundi Physical Gold ETC (C) | 2.73% | 48.99% | 34.24% | 9.40% | 7.00% | 6.70% |
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 30.24% | 68.45% | -30.81% | -21.17% | -26.46% | 17.29% |
Correlation
The correlation between GLDA.DE and VVMX.DE 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 | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.17 |
Over the past year, GLDA.DE and VVMX.DE have become more correlated (0.39) than their long-term average of 0.17, meaning their price movements have been converging.
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Return for Risk
GLDA.DE vs. VVMX.DE — Risk / Return Rank
GLDA.DE
VVMX.DE
GLDA.DE vs. VVMX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Physical Gold ETC (C) (GLDA.DE) and VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE). 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.
| GLDA.DE | VVMX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.44 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 7.59 | -5.77 |
| Martin ratioReturn relative to average drawdown | 4.60 | 19.66 | -15.06 |
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
| GLDA.DE | VVMX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 3.36 | -2.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.02 | +1.08 |
Drawdowns
GLDA.DE vs. VVMX.DE - Drawdown Comparison
The maximum GLDA.DE drawdown since its inception was -18.34%, smaller than the maximum VVMX.DE drawdown of -73.26%. Use the drawdown chart below to compare losses from any high point for GLDA.DE and VVMX.DE.
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Drawdown Indicators
| GLDA.DE | VVMX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.34% | -73.26% | +54.92% |
Max Drawdown (1Y)Largest decline over 1 year | -16.53% | -20.40% | +3.87% |
Max Drawdown (3Y)Largest decline over 3 years | -16.53% | -61.55% | +45.02% |
Max Drawdown (5Y)Largest decline over 5 years | -16.53% | — | — |
Current DrawdownCurrent decline from peak | -15.01% | -25.51% | +10.50% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -41.23% | +35.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 7.89% | -1.35% |
Volatility
GLDA.DE vs. VVMX.DE - Volatility Comparison
The current volatility for Amundi Physical Gold ETC (C) (GLDA.DE) is 5.11%, while VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE) has a volatility of 12.59%. This indicates that GLDA.DE experiences smaller price fluctuations and is considered to be less risky than VVMX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDA.DE | VVMX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 12.59% | -7.48% |
Volatility (6M)Calculated over the trailing 6-month period | 20.17% | 32.22% | -12.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.11% | 46.13% | -23.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.05% | 36.38% | -20.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 36.38% | -20.53% |
GLDA.DE vs. VVMX.DE - Expense Ratio Comparison
GLDA.DE has a 0.12% expense ratio, which is lower than VVMX.DE's 0.59% expense ratio.
Dividends
GLDA.DE vs. VVMX.DE - Dividend Comparison
Neither GLDA.DE nor VVMX.DE has paid dividends to shareholders.
Frequently Asked Questions
GLDA.DE and VVMX.DE 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, GLDA.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDA.DE is cheaper with a 0.12% expense ratio, compared with 0.59% for VVMX.DE.
GLDA.DE is categorized as Precious Metals, while VVMX.DE is Commodity Producers Equities. GLDA.DE tracks Gold, while VVMX.DE tracks MVIS Global Rare Earth/Strategic Metals. They also come from different issuers: Amundi and VanEck. Their fees differ too: 0.12% for GLDA.DE and 0.59% for VVMX.DE.
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