Correlation
The correlation between GMET and GOVZ is 0.07, 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.
GMET vs. GOVZ
Compare and contrast key facts about VanEck Green Metals ETF (GMET) and iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ).
GMET and GOVZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GMET is a passively managed fund by VanEck that tracks the performance of the MVIS Global Clean-Tech Metals. It was launched on Nov 9, 2021. GOVZ is a passively managed fund by iShares that tracks the performance of the ICE BofA Long US Treasury Principal STRIPS Index. It was launched on Sep 22, 2020. Both GMET and GOVZ 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: GMET or GOVZ.
Performance
GMET vs. GOVZ - Performance Comparison
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Key characteristics
GMET:
-0.54
GOVZ:
-0.30
GMET:
-0.74
GOVZ:
-0.28
GMET:
0.91
GOVZ:
0.97
GMET:
-0.39
GOVZ:
-0.13
GMET:
-1.25
GOVZ:
-0.53
GMET:
16.53%
GOVZ:
14.13%
GMET:
33.75%
GOVZ:
23.90%
GMET:
-53.05%
GOVZ:
-59.65%
GMET:
-39.87%
GOVZ:
-57.36%
Returns By Period
In the year-to-date period, GMET achieves a 3.99% return, which is significantly higher than GOVZ's -4.72% return.
GMET
3.99%
7.07%
-6.84%
-18.18%
-11.57%
N/A
N/A
GOVZ
-4.72%
-5.71%
-14.68%
-7.05%
-13.11%
N/A
N/A
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GMET vs. GOVZ - Expense Ratio Comparison
GMET has a 0.66% expense ratio, which is higher than GOVZ's 0.15% expense ratio.
Risk-Adjusted Performance
GMET vs. GOVZ — Risk-Adjusted Performance Rank
GMET
GOVZ
GMET vs. GOVZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Green Metals ETF (GMET) and iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ). 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.
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Dividends
GMET vs. GOVZ - Dividend Comparison
GMET's dividend yield for the trailing twelve months is around 1.82%, less than GOVZ's 5.02% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
GMET VanEck Green Metals ETF | 1.82% | 1.89% | 2.02% | 2.56% | 0.00% | 0.00% |
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 5.02% | 4.68% | 3.84% | 3.69% | 1.76% | 0.39% |
Drawdowns
GMET vs. GOVZ - Drawdown Comparison
The maximum GMET drawdown since its inception was -53.05%, smaller than the maximum GOVZ drawdown of -59.65%. Use the drawdown chart below to compare losses from any high point for GMET and GOVZ.
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Volatility
GMET vs. GOVZ - Volatility Comparison
The current volatility for VanEck Green Metals ETF (GMET) is 5.25%, while iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) has a volatility of 5.91%. This indicates that GMET experiences smaller price fluctuations and is considered to be less risky than GOVZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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