GLDA.L vs. GJGB.L
GLDA.L (Amundi Physical Gold ETC (C)) and GJGB.L (VanEck Junior Gold Miners UCITS ETF) are both Gold funds - GLDA.L tracks the Gold while GJGB.L tracks the MVIS Global Junior Gold Miners Index. Both are passively managed. Over the past 5 years, GLDA.L returned 18.72%/yr vs 18.62%/yr for GJGB.L. A 0.62 correlation means they provide meaningful diversification when combined. GLDA.L charges 0.12%/yr vs 0.55%/yr for GJGB.L.
Performance
GLDA.L vs. GJGB.L - Performance Comparison
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Different Trading Currencies
GLDA.L is traded in GBp, while GJGB.L is traded in GBP. To make them comparable, the GJGB.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLDA.L achieves a -5.09% return, which is significantly higher than GJGB.L's -11.71% return.
GLDA.L
- 1D
- -0.31%
- 1M
- -9.33%
- YTD
- -5.09%
- 6M
- -8.66%
- 1Y
- 24.45%
- 3Y*
- 25.96%
- 5Y*
- 18.72%
- 10Y*
- —
GJGB.L
- 1D
- 1.18%
- 1M
- -12.68%
- YTD
- -11.71%
- 6M
- -15.81%
- 1Y
- 56.64%
- 3Y*
- 41.42%
- 5Y*
- 18.62%
- 10Y*
- —
GLDA.L vs. GJGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GLDA.L Amundi Physical Gold ETC (C) | -5.09% | 53.56% | 28.19% | 7.27% | 11.83% | 7,023.54% | 23.98% | 18.50% |
GJGB.L VanEck Junior Gold Miners UCITS ETF | -11.71% | 156.47% | 14.85% | 1.67% | -2.76% | -22.00% | 25.74% | 46.17% |
Correlation
The correlation between GLDA.L and GJGB.L is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 23, 2019 | 0.62 |
The correlation between GLDA.L and GJGB.L shifts across timeframes, from 0.62 (all time) to 0.79 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GLDA.L vs. GJGB.L — Risk / Return Rank
GLDA.L
GJGB.L
GLDA.L vs. GJGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Physical Gold ETC (C) (GLDA.L) and VanEck Junior Gold Miners UCITS ETF (GJGB.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.
| GLDA.L | GJGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.51 | -0.47 |
| Martin ratioReturn relative to average drawdown | 2.95 | 3.91 | -0.96 |
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Drawdowns
GLDA.L vs. GJGB.L - Drawdown Comparison
The maximum GLDA.L drawdown since its inception was -23.29%, smaller than the maximum GJGB.L drawdown of -49.12%. Use the drawdown chart below to compare losses from any high point for GLDA.L and GJGB.L.
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Drawdown Indicators
| GLDA.L | GJGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.29% | -49.12% | +25.83% |
Max Drawdown (1Y)Largest decline over 1 year | -23.29% | -37.25% | +13.96% |
Max Drawdown (3Y)Largest decline over 3 years | -23.29% | -37.25% | +13.96% |
Max Drawdown (5Y)Largest decline over 5 years | -23.29% | -37.25% | +13.96% |
Current DrawdownCurrent decline from peak | -23.29% | -34.71% | +11.42% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -22.41% | +17.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.26% | 14.43% | -6.17% |
Volatility
GLDA.L vs. GJGB.L - Volatility Comparison
The current volatility for Amundi Physical Gold ETC (C) (GLDA.L) is 8.05%, while VanEck Junior Gold Miners UCITS ETF (GJGB.L) has a volatility of 19.03%. This indicates that GLDA.L experiences smaller price fluctuations and is considered to be less risky than GJGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDA.L | GJGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | 19.03% | -10.98% |
Volatility (6M)Calculated over the trailing 6-month period | 21.47% | 40.06% | -18.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.31% | 48.61% | -24.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.83% | 37.69% | -15.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2,654.97% | 37.14% | +2,617.83% |
GLDA.L vs. GJGB.L - Expense Ratio Comparison
GLDA.L has a 0.12% expense ratio, which is lower than GJGB.L's 0.55% expense ratio.
Dividends
GLDA.L vs. GJGB.L - Dividend Comparison
Neither GLDA.L nor GJGB.L has paid dividends to shareholders.
Frequently Asked Questions
GLDA.L and GJGB.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDA.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDA.L is cheaper with a 0.12% expense ratio, compared with 0.55% for GJGB.L.
GLDA.L tracks Gold, while GJGB.L tracks MVIS Global Junior Gold Miners Index. They also come from different issuers: Amundi and VanEck. Their fees differ too: 0.12% for GLDA.L and 0.55% for GJGB.L.
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