GMVM.DE vs. SXR8.DE
GMVM.DE (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - GMVM.DE is a Large Cap Blend Equities fund tracking the Morningstar US Sustainable Moat Focus, while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, GMVM.DE returned 10.29%/yr vs 14.95%/yr for SXR8.DE. Their correlation of 0.88 suggests significant overlap in exposure. GMVM.DE charges 0.49%/yr vs 0.07%/yr for SXR8.DE.
Performance
GMVM.DE vs. SXR8.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 SXR8.DE's 11.37% return. Over the past 10 years, GMVM.DE has underperformed SXR8.DE with an annualized return of 10.29%, while SXR8.DE has yielded a comparatively higher 14.95% 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%
SXR8.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.83%
- 1Y
- 25.54%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- 14.95%
GMVM.DE vs. SXR8.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% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 11.37% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 34.49% | -1.05% | 6.67% |
Correlation
The correlation between GMVM.DE and SXR8.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2015 | 0.88 |
Over the past year, the correlation between GMVM.DE and SXR8.DE has dropped to 0.60 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
GMVM.DE vs. SXR8.DE — Risk / Return Rank
GMVM.DE
SXR8.DE
GMVM.DE vs. SXR8.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 iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.41 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 3.58 | -2.99 |
| Martin ratioReturn relative to average drawdown | 1.37 | 12.71 | -11.34 |
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 | SXR8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 2.21 | -1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.96 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.92 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.79 | -0.18 |
Drawdowns
GMVM.DE vs. SXR8.DE - Drawdown Comparison
The maximum GMVM.DE drawdown since its inception was -32.25%, roughly equal to the maximum SXR8.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for GMVM.DE and SXR8.DE.
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Drawdown Indicators
| GMVM.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.25% | -33.78% | +1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -7.13% | -3.87% |
Max Drawdown (3Y)Largest decline over 3 years | -25.74% | -23.32% | -2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -23.32% | -2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -32.25% | -33.78% | +1.53% |
Current DrawdownCurrent decline from peak | -10.18% | -0.45% | -9.73% |
Average DrawdownAverage peak-to-trough decline | -5.85% | -5.17% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.69% | 2.01% | +2.68% |
Volatility
GMVM.DE vs. SXR8.DE - Volatility Comparison
VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) has a higher volatility of 3.23% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) at 2.65%. This indicates that GMVM.DE's price experiences larger fluctuations and is considered to be riskier than SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 2.65% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 8.82% | 7.57% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 11.56% | +1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 15.16% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 16.09% | +0.45% |
GMVM.DE vs. SXR8.DE - Expense Ratio Comparison
GMVM.DE has a 0.49% expense ratio, which is higher than SXR8.DE's 0.07% expense ratio.
Dividends
GMVM.DE vs. SXR8.DE - Dividend Comparison
Neither GMVM.DE nor SXR8.DE has paid dividends to shareholders.
Frequently Asked Questions
GMVM.DE and SXR8.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.49% for GMVM.DE.
GMVM.DE is categorized as Large Cap Blend Equities, while SXR8.DE is S&P 500. GMVM.DE tracks Morningstar US Sustainable Moat Focus, while SXR8.DE tracks S&P 500 Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.49% for GMVM.DE and 0.07% for SXR8.DE.
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