ISAG.L vs. GDXJ.L
ISAG.L (iShares Agribusiness UCITS ETF USD (Acc)) and GDXJ.L (VanEck Junior Gold Miners UCITS ETF USD (Acc)) are both exchange-traded funds - ISAG.L is a Commodity Producers Equities fund tracking the S&P Commodity Producers Agribusiness Index NTR, while GDXJ.L is a Precious Metals Equities fund tracking the MVIS Global Junior Gold Miners Index. Both are passively managed. Over the past 10 years, ISAG.L returned 7.36%/yr vs 8.13%/yr for GDXJ.L. At a 0.26 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
ISAG.L vs. GDXJ.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISAG.L achieves a 12.83% return, which is significantly higher than GDXJ.L's -19.15% return. Over the past 10 years, ISAG.L has underperformed GDXJ.L with an annualized return of 7.36%, while GDXJ.L has yielded a comparatively higher 8.13% annualized return.
ISAG.L
- 1D
- 0.55%
- 1M
- 2.83%
- 6M
- 6.21%
- YTD
- 12.83%
- 1Y
- 16.69%
- 3Y*
- 5.11%
- 5Y*
- 4.76%
- 10Y*
- 7.36%
GDXJ.L
- 1D
- -1.26%
- 1M
- -21.54%
- 6M
- -27.29%
- YTD
- -19.15%
- 1Y
- 42.24%
- 3Y*
- 35.16%
- 5Y*
- 16.99%
- 10Y*
- 8.13%
ISAG.L vs. GDXJ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISAG.L iShares Agribusiness UCITS ETF USD (Acc) | 12.83% | 16.78% | -5.66% | -8.90% | 2.73% | 23.33% | 10.28% | 17.65% | -12.99% | 19.93% |
GDXJ.L VanEck Junior Gold Miners UCITS ETF USD (Acc) | -19.15% | 175.70% | 13.26% | 7.29% | -13.07% | -23.07% | 30.24% | 44.17% | -12.91% | 0.10% |
Correlation
The correlation between ISAG.L and GDXJ.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2015 | 0.26 |
The correlation between ISAG.L and GDXJ.L shifts across timeframes, from 0.26 (all time) to 0.36 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ISAG.L vs. GDXJ.L — Risk / Return Rank
ISAG.L
GDXJ.L
ISAG.L vs. GDXJ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agribusiness UCITS ETF USD (Acc) (ISAG.L) and VanEck Junior Gold Miners UCITS ETF USD (Acc) (GDXJ.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.
| ISAG.L | GDXJ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.16 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.05 | +0.59 |
| Martin ratioReturn relative to average drawdown | 4.59 | 2.42 | +2.16 |
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Drawdowns
ISAG.L vs. GDXJ.L - Drawdown Comparison
The maximum ISAG.L drawdown since its inception was -37.16%, smaller than the maximum GDXJ.L drawdown of -58.17%. Use the drawdown chart below to compare losses from any high point for ISAG.L and GDXJ.L.
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Drawdown Indicators
| ISAG.L | GDXJ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.16% | -58.17% | +21.01% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -40.15% | +29.98% |
Max Drawdown (3Y)Largest decline over 3 years | -19.13% | -40.15% | +21.02% |
Max Drawdown (5Y)Largest decline over 5 years | -33.22% | -47.48% | +14.26% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | -58.17% | +21.01% |
Current DrawdownCurrent decline from peak | -6.32% | -40.15% | +33.83% |
Average DrawdownAverage peak-to-trough decline | -10.38% | -27.07% | +16.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 17.37% | -13.74% |
Volatility
ISAG.L vs. GDXJ.L - Volatility Comparison
The current volatility for iShares Agribusiness UCITS ETF USD (Acc) (ISAG.L) is 2.41%, while VanEck Junior Gold Miners UCITS ETF USD (Acc) (GDXJ.L) has a volatility of 15.13%. This indicates that ISAG.L experiences smaller price fluctuations and is considered to be less risky than GDXJ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISAG.L | GDXJ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 15.13% | -12.72% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 43.81% | -33.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.49% | 53.22% | -39.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 41.01% | -23.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 40.68% | -22.84% |
ISAG.L vs. GDXJ.L - Expense Ratio Comparison
Both ISAG.L and GDXJ.L have an expense ratio of 0.55%.
Dividends
ISAG.L vs. GDXJ.L - Dividend Comparison
Neither ISAG.L nor GDXJ.L has paid dividends to shareholders.
Frequently Asked Questions
ISAG.L and GDXJ.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ISAG.L and GDXJ.L have the same expense ratio: 0.55% per year.
ISAG.L is categorized as Commodity Producers Equities, while GDXJ.L is Precious Metals Equities. ISAG.L tracks S&P Commodity Producers Agribusiness Index NTR, while GDXJ.L tracks MVIS Global Junior Gold Miners Index. They also come from different issuers: iShares and VanEck.
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