IS0E.DE vs. GDXJ
IS0E.DE (iShares Gold Producers UCITS ETF) and GDXJ (VanEck Junior Gold Miners ETF) are both Gold funds - IS0E.DE tracks the S&P Commodity Producers Gold while GDXJ tracks the MVIS Global Junior Gold Miners Index. Both are passively managed. Over the past 10 years, IS0E.DE returned 11.57%/yr vs 9.53%/yr for GDXJ. Their 0.64 correlation means they have sometimes moved together and sometimes differently. IS0E.DE charges 0.55%/yr vs 0.52%/yr for GDXJ.
Performance
IS0E.DE vs. GDXJ - Performance Comparison
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Different Trading Currencies
IS0E.DE is traded in EUR, while GDXJ is traded in USD. To make them comparable, the GDXJ values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IS0E.DE achieves a -1.57% return, which is significantly higher than GDXJ's -2.20% return. Over the past 10 years, IS0E.DE has outperformed GDXJ with an annualized return of 11.57%, while GDXJ has yielded a comparatively lower 9.53% annualized return.
IS0E.DE
- 1D
- 8.14%
- 1M
- 6.43%
- 6M
- -9.97%
- YTD
- -1.57%
- 1Y
- 52.55%
- 3Y*
- 42.04%
- 5Y*
- 22.20%
- 10Y*
- 11.57%
- ALL TIME*
- 1.98%
GDXJ
- 1D
- 7.16%
- 1M
- 4.34%
- 6M
- -14.21%
- YTD
- -2.20%
- 1Y
- 61.19%
- 3Y*
- 45.82%
- 5Y*
- 22.57%
- 10Y*
- 9.53%
- ALL TIME*
- 4.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| €460.44M | €417.52M | €536.42M | |
| €2.49M | €3.53M | €5.52M |
IS0E.DE vs. GDXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0E.DE iShares Gold Producers UCITS ETF | -1.57% | 129.59% | 18.76% | 6.25% | -3.74% | -3.07% | 13.51% | 44.07% | -4.43% | -6.02% |
GDXJ VanEck Junior Gold Miners ETF | -2.20% | 139.97% | 23.31% | 3.91% | -9.24% | -15.35% | 19.65% | 43.62% | -6.85% | -5.08% |
Correlation
The correlation between IS0E.DE and GDXJ is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2011 | 0.64 |
The correlation between IS0E.DE and GDXJ shifts across timeframes, from 0.64 (all time) to 0.76 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IS0E.DE vs. GDXJ — Risk / Return Rank
IS0E.DE
GDXJ
IS0E.DE vs. GDXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF (IS0E.DE) and VanEck 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.
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.
| IS0E.DE | GDXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.56 | -0.09 |
| Martin ratioReturn relative to average drawdown | 3.18 | 3.25 | -0.07 |
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Drawdowns
IS0E.DE vs. GDXJ - Drawdown Comparison
The maximum IS0E.DE drawdown since its inception was -82.14%, roughly equal to the maximum GDXJ drawdown of -85.64%. Use the drawdown chart below to compare losses from any high point for IS0E.DE and GDXJ.
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Drawdown Indicators
| IS0E.DE | GDXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.14% | -85.64% | +3.50% |
Max Drawdown (1Y)Largest decline over 1 year | -35.48% | -39.44% | +3.96% |
Max Drawdown (3Y)Largest decline over 3 years | -35.48% | -39.44% | +3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -38.05% | -42.28% | +4.23% |
Max Drawdown (10Y)Largest decline over 10 years | -45.47% | -53.91% | +8.44% |
Current DrawdownCurrent decline from peak | -24.10% | -28.56% | +4.46% |
Average DrawdownAverage peak-to-trough decline | -53.84% | -55.41% | +1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.46% | 18.86% | -2.40% |
Volatility
IS0E.DE vs. GDXJ - Volatility Comparison
The current volatility for iShares Gold Producers UCITS ETF (IS0E.DE) is 14.56%, while VanEck Junior Gold Miners ETF (GDXJ) has a volatility of 15.34%. This indicates that IS0E.DE 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.
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Volatility by Period
| IS0E.DE | GDXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.56% | 15.34% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 35.02% | 40.98% | -5.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.87% | 52.25% | -6.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.49% | 39.47% | -5.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.46% | 42.12% | -9.66% |
IS0E.DE vs. GDXJ - Expense Ratio Comparison
IS0E.DE has a 0.55% expense ratio, which is higher than GDXJ's 0.52% expense ratio.
Dividends
IS0E.DE vs. GDXJ - Dividend Comparison
IS0E.DE has not paid dividends to shareholders, while GDXJ's dividend yield for the trailing twelve months is around 2.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDXJ VanEck Junior Gold Miners ETF | 2.42% | 2.33% | 2.61% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% |
IS0E.DE iShares Gold Producers 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% |
Frequently Asked Questions
IS0E.DE and GDXJ have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GDXJ is cheaper at 0.52% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GDXJ is cheaper with a 0.52% expense ratio, compared with 0.55% for IS0E.DE.
IS0E.DE tracks S&P Commodity Producers Gold, while GDXJ tracks MVIS Global Junior Gold Miners Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.55% for IS0E.DE and 0.52% for GDXJ.
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