GOLB.L vs. GDXJ

Last updated Apr 2, 2026

Compare and contrast key facts about Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.L) and VanEck Vectors Junior Gold Miners ETF (GDXJ).

GOLB.L and GDXJ 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. GDXJ is a passively managed fund by VanEck that tracks the performance of the MVIS Global Junior Gold Miners Index. It was launched on Nov 10, 2009. Both GOLB.L and GDXJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GOLB.L vs. GDXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.L) and VanEck Vectors Junior Gold Miners ETF (GDXJ). The values are adjusted to include any dividend payments, if applicable.

GOLB.L vs. GDXJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GOLB.L Market Access NYSE Arca Gold Bugs UCITS ETF	18.61%	138.45%	14.05%	0.34%	1.34%	-14.65%	84.95%	0.00%	0.00%	0.00%
GDXJ VanEck Vectors Junior Gold Miners ETF	11.90%	152.89%	17.69%	1.77%	-4.37%	-20.50%	26.57%	35.10%	-5.75%	-1.14%

Different Trading Currencies

GOLB.L is traded in GBP, while GDXJ is traded in USD. To make them comparable, the GDXJ values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, GOLB.L achieves a 18.61% return, which is significantly higher than GDXJ's 11.90% return. Both investments have delivered pretty close results over the past 10 years, with GOLB.L having a 17.87% annualized return and GDXJ not far ahead at 18.72%.

GOLB.L

• 1D: 7.10%
• 1M: -14.22%
• YTD: 18.61%
• 6M: 34.04%
• 1Y: 119.37%
• 3Y*: 44.09%
• 5Y*: 26.04%
• 10Y*: 17.87%

GDXJ

• 1D: 4.10%
• 1M: -18.29%
• YTD: 11.90%
• 6M: 30.43%
• 1Y: 119.51%
• 3Y*: 46.11%
• 5Y*: 24.81%
• 10Y*: 18.72%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GOLB.L vs. GDXJ - Expense Ratio Comparison

GOLB.L has a 0.65% expense ratio, which is higher than GDXJ's 0.54% expense ratio.

GOLB.L

Market Access NYSE Arca Gold Bugs UCITS ETF

GDXJ

VanEck Vectors Junior Gold Miners ETF

Return for Risk

GOLB.L vs. GDXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GOLB.L

GOLB.L Risk / Return Rank: 94
GOLB.L Sharpe Ratio Rank: 97
GOLB.L Sortino Ratio Rank: 94
GOLB.L Omega Ratio Rank: 92
GOLB.L Calmar Ratio Rank: 95
GOLB.L Martin Ratio Rank: 94

GDXJ

GDXJ Risk / Return Rank: 92
GDXJ Sharpe Ratio Rank: 95
GDXJ Sortino Ratio Rank: 90
GDXJ Omega Ratio Rank: 89
GDXJ Calmar Ratio Rank: 94
GDXJ Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GOLB.L vs. GDXJ - Risk-Adjusted Trends 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 Junior Gold Miners ETF (GDXJ). 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.

	GOLB.L	GDXJ	Difference
Sharpe ratio Return per unit of total volatility	2.85	2.49	+0.36
Sortino ratio Return per unit of downside risk	3.00	2.67	+0.33
Omega ratio Gain probability vs. loss probability	1.42	1.38	+0.04
Calmar ratio Return relative to maximum drawdown	4.35	3.67	+0.68
Martin ratio Return relative to average drawdown	15.54	13.23	+2.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GOLB.L vs. GDXJ - Sharpe Ratio Comparison

The current GOLB.L Sharpe Ratio is 2.85, which is comparable to the GDXJ Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of GOLB.L and GDXJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GOLB.L	GDXJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	2.49	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.67	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.44	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.11	+0.05

Correlation

The correlation between GOLB.L and GDXJ is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GOLB.L vs. GDXJ - Dividend Comparison

GOLB.L has not paid dividends to shareholders, while GDXJ's dividend yield for the trailing twelve months is around 2.12%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOLB.L 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%
GDXJ VanEck Vectors Junior Gold Miners ETF	2.12%	2.33%	2.61%	0.72%	0.51%	1.78%	1.58%	0.39%	0.45%	0.03%	4.78%	0.72%

Drawdowns

GOLB.L vs. GDXJ - Drawdown Comparison

The maximum GOLB.L drawdown since its inception was -84.29%, roughly equal to the maximum GDXJ drawdown of -87.31%. Use the drawdown chart below to compare losses from any high point for GOLB.L and GDXJ.

Drawdown Indicators

	GOLB.L	GDXJ	Difference
Max Drawdown Largest peak-to-trough decline	-84.29%	-88.66%	+4.37%
Max Drawdown (1Y) Largest decline over 1 year	-28.11%	-32.92%	+4.81%
Max Drawdown (5Y) Largest decline over 5 years	-37.60%	-51.76%	+14.16%
Max Drawdown (10Y) Largest decline over 10 years	-44.07%	-57.77%	+13.70%
Current Drawdown Current decline from peak	-14.37%	-19.81%	+5.44%
Average Drawdown Average peak-to-trough decline	-49.68%	-60.90%	+11.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.87%	9.51%	-1.64%

Volatility

GOLB.L vs. GDXJ - Volatility Comparison

The current volatility for Market Access NYSE Arca Gold Bugs UCITS ETF (GOLB.L) is 17.41%, while VanEck Vectors Junior Gold Miners ETF (GDXJ) has a volatility of 18.88%. This indicates that GOLB.L experiences smaller price fluctuations and is considered to be less risky than GDXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOLB.L	GDXJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.41%	18.88%	-1.47%
Volatility (6M) Calculated over the trailing 6-month period	35.00%	40.94%	-5.94%
Volatility (1Y) Calculated over the trailing 1-year period	41.70%	48.34%	-6.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.38%	37.37%	-3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.93%	42.66%	-8.73%