GOLB.L vs. GDX
Compare and contrast key facts about Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.L) and VanEck Vectors Gold Miners ETF (GDX).
GOLB.L and GDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOLB.L is a passively managed fund by China Post Global that tracks the performance of the EMIX Global Mining Global Gold TR USD. It was launched on Jan 11, 2007. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006. Both GOLB.L and GDX 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: GOLB.L or GDX.
Key characteristics
GOLB.L | GDX | |
---|---|---|
YTD Return | 12.27% | 12.71% |
1Y Return | 1.67% | 5.73% |
3Y Return (Ann) | 0.31% | -0.97% |
Sharpe Ratio | 0.02 | 0.20 |
Daily Std Dev | 29.60% | 30.41% |
Max Drawdown | -44.07% | -80.57% |
Current Drawdown | -22.82% | -41.07% |
Correlation
The correlation between GOLB.L and GDX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GOLB.L vs. GDX - Performance Comparison
The year-to-date returns for both investments are quite close, with GOLB.L having a 12.27% return and GDX slightly higher at 12.71%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GOLB.L vs. GDX - Expense Ratio Comparison
GOLB.L has a 0.65% expense ratio, which is higher than GDX's 0.53% expense ratio.
Risk-Adjusted Performance
GOLB.L vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.L) and VanEck Vectors Gold Miners ETF (GDX). 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.
Dividends
GOLB.L vs. GDX - Dividend Comparison
GOLB.L has not paid dividends to shareholders, while GDX's dividend yield for the trailing twelve months is around 1.43%.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Access NYSE Arca Gold Bugs UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VanEck Vectors Gold Miners ETF | 1.43% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
Drawdowns
GOLB.L vs. GDX - Drawdown Comparison
The maximum GOLB.L drawdown since its inception was -44.07%, smaller than the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for GOLB.L and GDX. For additional features, visit the drawdowns tool.
Volatility
GOLB.L vs. GDX - Volatility Comparison
Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.L) and VanEck Vectors Gold Miners ETF (GDX) have volatilities of 9.83% and 9.50%, 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.