GMVM.DE vs. G2X.DE
GMVM.DE (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) and G2X.DE (VanEck Gold Miners UCITS ETF) are both exchange-traded funds - GMVM.DE is a Large Cap Blend Equities fund tracking the Morningstar US Sustainable Moat Focus, while G2X.DE is a Precious Metals fund tracking the NYSE Arca Gold Miners. Both are passively managed. Over the past 10 years, GMVM.DE returned 10.29%/yr vs 13.83%/yr for G2X.DE. At a 0.03 correlation, their price movements are largely independent. GMVM.DE charges 0.49%/yr vs 0.53%/yr for G2X.DE.
Performance
GMVM.DE vs. G2X.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GMVM.DE achieves a -1.57% return, which is significantly lower than G2X.DE's -1.03% return. Over the past 10 years, GMVM.DE has underperformed G2X.DE with an annualized return of 10.29%, while G2X.DE has yielded a comparatively higher 13.83% annualized return.
GMVM.DE
- 1D
- 0.97%
- 1M
- 2.94%
- YTD
- -1.57%
- 6M
- -3.00%
- 1Y
- 6.57%
- 3Y*
- 5.24%
- 5Y*
- 4.14%
- 10Y*
- 10.29%
G2X.DE
- 1D
- 1.09%
- 1M
- -5.12%
- YTD
- -1.03%
- 6M
- 7.25%
- 1Y
- 61.18%
- 3Y*
- 37.60%
- 5Y*
- 20.05%
- 10Y*
- 13.83%
GMVM.DE vs. G2X.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMVM.DE VanEck Morningstar US Sustainable Wide Moat UCITS ETF | -1.57% | -4.56% | 17.59% | 14.37% | -14.38% | 36.91% | 2.73% | 38.45% | 2.27% | 7.97% |
G2X.DE VanEck Gold Miners UCITS ETF | -1.03% | 131.13% | 17.55% | 5.59% | -0.02% | -4.26% | 13.26% | 40.97% | -4.37% | -5.31% |
Correlation
The correlation between GMVM.DE and G2X.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2015 | 0.03 |
The correlation between GMVM.DE and G2X.DE shifts across timeframes, from 0.03 (all time) to 0.15 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GMVM.DE vs. G2X.DE — Risk / Return Rank
GMVM.DE
G2X.DE
GMVM.DE vs. G2X.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) and VanEck Gold Miners UCITS ETF (G2X.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.
| GMVM.DE | G2X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.25 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 2.18 | -1.59 |
| Martin ratioReturn relative to average drawdown | 1.37 | 5.49 | -4.11 |
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
| GMVM.DE | G2X.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 1.42 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.60 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.43 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.44 | +0.18 |
Drawdowns
GMVM.DE vs. G2X.DE - Drawdown Comparison
The maximum GMVM.DE drawdown since its inception was -32.25%, smaller than the maximum G2X.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for GMVM.DE and G2X.DE.
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Drawdown Indicators
| GMVM.DE | G2X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.25% | -46.04% | +13.79% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -27.90% | +16.90% |
Max Drawdown (3Y)Largest decline over 3 years | -25.74% | -27.90% | +2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -38.55% | +12.81% |
Max Drawdown (10Y)Largest decline over 10 years | -32.25% | -46.04% | +13.79% |
Current DrawdownCurrent decline from peak | -10.18% | -23.34% | +13.16% |
Average DrawdownAverage peak-to-trough decline | -5.85% | -19.92% | +14.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.69% | 11.09% | -6.40% |
Volatility
GMVM.DE vs. G2X.DE - Volatility Comparison
The current volatility for VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) is 3.23%, while VanEck Gold Miners UCITS ETF (G2X.DE) has a volatility of 13.57%. This indicates that GMVM.DE experiences smaller price fluctuations and is considered to be less risky than G2X.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMVM.DE | G2X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 13.57% | -10.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.82% | 34.36% | -25.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 42.64% | -29.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 33.16% | -17.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 32.33% | -15.79% |
GMVM.DE vs. G2X.DE - Expense Ratio Comparison
GMVM.DE has a 0.49% expense ratio, which is lower than G2X.DE's 0.53% expense ratio.
Dividends
GMVM.DE vs. G2X.DE - Dividend Comparison
Neither GMVM.DE nor G2X.DE has paid dividends to shareholders.
Frequently Asked Questions
GMVM.DE and G2X.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GMVM.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GMVM.DE is cheaper with a 0.49% expense ratio, compared with 0.53% for G2X.DE.
GMVM.DE is categorized as Large Cap Blend Equities, while G2X.DE is Precious Metals. GMVM.DE tracks Morningstar US Sustainable Moat Focus, while G2X.DE tracks NYSE Arca Gold Miners. Their fees differ too: 0.49% for GMVM.DE and 0.53% for G2X.DE.
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