GNOG.L vs. GNOM.L
GNOG.L (Global X Genomics & Biotechnology UCITS ETF) and GNOM.L (Global X Genomics & Biotechnology UCITS ETF) are both Health & Biotech Equities funds from Global X - GNOG.L tracks the MSCI World/Health Care NR USD while GNOM.L tracks the Global X Genomics & Biotechnology UCITS ETF. Both are passively managed. Over the past 3 years, GNOG.L returned 3.96%/yr vs 3.46%/yr for GNOM.L. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.50% expense ratio.
Performance
GNOG.L vs. GNOM.L - Performance Comparison
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Different Trading Currencies
GNOG.L is traded in GBP, while GNOM.L is traded in USD. To make them comparable, the GNOM.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with GNOG.L having a 21.62% return and GNOM.L slightly higher at 21.80%.
GNOG.L
- 1D
- -0.67%
- 1M
- 11.16%
- 6M
- 15.16%
- YTD
- 21.62%
- 1Y
- 61.62%
- 3Y*
- 3.96%
- 5Y*
- —
- 10Y*
- —
GNOM.L
- 1D
- 0.00%
- 1M
- 10.90%
- 6M
- 15.21%
- YTD
- 21.80%
- 1Y
- 61.34%
- 3Y*
- 3.46%
- 5Y*
- —
- 10Y*
- —
GNOG.L vs. GNOM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GNOG.L Global X Genomics & Biotechnology UCITS ETF | 21.62% | 12.01% | -17.02% | -11.28% | -29.74% | -32.17% |
GNOM.L Global X Genomics & Biotechnology UCITS ETF | 21.80% | 10.80% | -16.55% | -10.48% | -29.74% | -8.05% |
Correlation
The correlation between GNOG.L and GNOM.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2021 | 0.96 |
The correlation between GNOG.L and GNOM.L has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
GNOG.L vs. GNOM.L — Risk / Return Rank
GNOG.L
GNOM.L
GNOG.L vs. GNOM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Genomics & Biotechnology UCITS ETF (GNOG.L) and Global X Genomics & Biotechnology UCITS ETF (GNOM.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.
| GNOG.L | GNOM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.34 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 3.66 | -0.08 |
| Martin ratioReturn relative to average drawdown | 9.03 | 9.16 | -0.14 |
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Drawdowns
GNOG.L vs. GNOM.L - Drawdown Comparison
The maximum GNOG.L drawdown since its inception was -75.79%, which is greater than GNOM.L's maximum drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for GNOG.L and GNOM.L.
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Drawdown Indicators
| GNOG.L | GNOM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.79% | -67.55% | -8.24% |
Max Drawdown (1Y)Largest decline over 1 year | -17.11% | -16.99% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -45.79% | -45.06% | -0.73% |
Current DrawdownCurrent decline from peak | -53.05% | -36.84% | -16.21% |
Average DrawdownAverage peak-to-trough decline | -58.21% | -43.90% | -14.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.81% | 6.80% | +0.01% |
Volatility
GNOG.L vs. GNOM.L - Volatility Comparison
Global X Genomics & Biotechnology UCITS ETF (GNOG.L) and Global X Genomics & Biotechnology UCITS ETF (GNOM.L) have volatilities of 8.33% and 8.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GNOG.L | GNOM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.33% | 8.45% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 20.29% | 21.47% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.06% | 29.21% | -1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.66% | 32.06% | +3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.66% | 32.06% | +3.60% |
GNOG.L vs. GNOM.L - Expense Ratio Comparison
Both GNOG.L and GNOM.L have an expense ratio of 0.50%.
Dividends
GNOG.L vs. GNOM.L - Dividend Comparison
Neither GNOG.L nor GNOM.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, GNOG.L and GNOM.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GNOG.L and GNOM.L have the same expense ratio: 0.50% per year.
GNOG.L tracks MSCI World/Health Care NR USD, while GNOM.L tracks Global X Genomics & Biotechnology UCITS ETF.
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