GMVM.DE vs. VVSM.DE
GMVM.DE (VanEck Morningstar US Sustainable Wide Moat UCITS ETF) and VVSM.DE (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - GMVM.DE is a Large Cap Blend Equities fund tracking the Morningstar US Sustainable Moat Focus, while VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index. Both are passively managed. Over the past 5 years, GMVM.DE returned 4.14%/yr vs 38.05%/yr for VVSM.DE. A 0.60 correlation means they provide meaningful diversification when combined. GMVM.DE charges 0.49%/yr vs 0.35%/yr for VVSM.DE.
Performance
GMVM.DE vs. VVSM.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 VVSM.DE's 86.02% 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%
VVSM.DE
- 1D
- -2.77%
- 1M
- 17.60%
- YTD
- 86.02%
- 6M
- 84.42%
- 1Y
- 162.55%
- 3Y*
- 56.95%
- 5Y*
- 38.05%
- 10Y*
- —
GMVM.DE vs. VVSM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GMVM.DE VanEck Morningstar US Sustainable Wide Moat UCITS ETF | -1.57% | -4.56% | 17.59% | 14.37% | -14.38% | 36.91% | -0.52% |
VVSM.DE VanEck Semiconductor UCITS ETF | 86.02% | 33.22% | 31.47% | 70.16% | -32.77% | 58.37% | 1.50% |
Correlation
The correlation between GMVM.DE and VVSM.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 | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.60 |
Over the past year, the correlation between GMVM.DE and VVSM.DE has dropped to 0.39 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
GMVM.DE vs. VVSM.DE — Risk / Return Rank
GMVM.DE
VVSM.DE
GMVM.DE vs. VVSM.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 Semiconductor UCITS ETF (VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.69 | ||
| Sortino ratioReturn per unit of downside risk | -4.51 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.68 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 14.16 | -13.58 |
| Martin ratioReturn relative to average drawdown | 1.37 | 48.94 | -47.56 |
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 | VVSM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 5.17 | -4.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 1.21 | -0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 1.24 | -0.62 |
Drawdowns
GMVM.DE vs. VVSM.DE - Drawdown Comparison
The maximum GMVM.DE drawdown since its inception was -32.25%, smaller than the maximum VVSM.DE drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for GMVM.DE and VVSM.DE.
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Drawdown Indicators
| GMVM.DE | VVSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.25% | -37.64% | +5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -11.00% | -11.65% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -25.74% | -37.53% | +11.79% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -37.64% | +11.90% |
Max Drawdown (10Y)Largest decline over 10 years | -32.25% | — | — |
Current DrawdownCurrent decline from peak | -10.18% | -2.77% | -7.41% |
Average DrawdownAverage peak-to-trough decline | -5.85% | -10.22% | +4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.69% | 3.38% | +1.31% |
Volatility
GMVM.DE vs. VVSM.DE - Volatility Comparison
The current volatility for VanEck Morningstar US Sustainable Wide Moat UCITS ETF (GMVM.DE) is 3.23%, while VanEck Semiconductor UCITS ETF (VVSM.DE) has a volatility of 12.04%. This indicates that GMVM.DE experiences smaller price fluctuations and is considered to be less risky than VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 12.04% | -8.81% |
Volatility (6M)Calculated over the trailing 6-month period | 8.82% | 24.35% | -15.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 31.92% | -18.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 31.15% | -15.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 30.81% | -14.27% |
GMVM.DE vs. VVSM.DE - Expense Ratio Comparison
GMVM.DE has a 0.49% expense ratio, which is higher than VVSM.DE's 0.35% expense ratio.
Dividends
GMVM.DE vs. VVSM.DE - Dividend Comparison
Neither GMVM.DE nor VVSM.DE has paid dividends to shareholders.
Frequently Asked Questions
GMVM.DE and VVSM.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, VVSM.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VVSM.DE is cheaper with a 0.35% expense ratio, compared with 0.49% for GMVM.DE.
GMVM.DE is categorized as Large Cap Blend Equities, while VVSM.DE is Semiconductors. GMVM.DE tracks Morningstar US Sustainable Moat Focus, while VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index. Their fees differ too: 0.49% for GMVM.DE and 0.35% for VVSM.DE.
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