JEDG.L vs. GDGB.L
JEDG.L (VanEck Space Innovators UCITS ETF) and GDGB.L (VanEck Gold Miners UCITS ETF) are both exchange-traded funds - JEDG.L is a Industrials Equities fund tracking the MSCI World/Materials NR USD, while GDGB.L is a Gold fund tracking the MarketVector Global Gold Miners Index. Both are passively managed. Over the past 3 years, JEDG.L returned 65.85%/yr vs 37.68%/yr for GDGB.L. At a 0.22 correlation, their price movements are largely independent. JEDG.L charges 0.55%/yr vs 0.53%/yr for GDGB.L.
Performance
JEDG.L vs. GDGB.L - Performance Comparison
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Returns By Period
In the year-to-date period, JEDG.L achieves a 74.89% return, which is significantly higher than GDGB.L's 0.91% return.
JEDG.L
- 1D
- 1.49%
- 1M
- 23.72%
- YTD
- 74.89%
- 6M
- 96.65%
- 1Y
- 211.91%
- 3Y*
- 65.85%
- 5Y*
- —
- 10Y*
- —
GDGB.L
- 1D
- 0.68%
- 1M
- 0.97%
- YTD
- 0.91%
- 6M
- 6.45%
- 1Y
- 64.98%
- 3Y*
- 37.68%
- 5Y*
- 20.20%
- 10Y*
- —
JEDG.L vs. GDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JEDG.L VanEck Space Innovators UCITS ETF | 74.89% | 80.38% | 46.13% | 6.44% | -12.08% |
GDGB.L VanEck Gold Miners UCITS ETF | 0.91% | 138.26% | 11.24% | 3.69% | 1.82% |
Correlation
The correlation between JEDG.L and GDGB.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 | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.22 |
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Return for Risk
JEDG.L vs. GDGB.L — Risk / Return Rank
JEDG.L
GDGB.L
JEDG.L vs. GDGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Space Innovators UCITS ETF (JEDG.L) and VanEck Gold Miners UCITS ETF (GDGB.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.
| JEDG.L | GDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.22 | ||
| Sortino ratioReturn per unit of downside risk | +2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.26 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 9.18 | 2.23 | +6.95 |
| Martin ratioReturn relative to average drawdown | 30.71 | 5.70 | +25.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JEDG.L | GDGB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.77 | 1.55 | +3.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.36 | 0.51 | +0.85 |
Drawdowns
JEDG.L vs. GDGB.L - Drawdown Comparison
The maximum JEDG.L drawdown since its inception was -26.80%, smaller than the maximum GDGB.L drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for JEDG.L and GDGB.L.
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Drawdown Indicators
| JEDG.L | GDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.80% | -40.80% | +14.00% |
Max Drawdown (1Y)Largest decline over 1 year | -22.94% | -28.97% | +6.03% |
Max Drawdown (3Y)Largest decline over 3 years | -26.80% | -28.97% | +2.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.49% | — |
Current DrawdownCurrent decline from peak | -13.90% | -24.72% | +10.82% |
Average DrawdownAverage peak-to-trough decline | -8.86% | -17.52% | +8.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.87% | 11.36% | -4.49% |
Volatility
JEDG.L vs. GDGB.L - Volatility Comparison
VanEck Space Innovators UCITS ETF (JEDG.L) has a higher volatility of 18.94% compared to VanEck Gold Miners UCITS ETF (GDGB.L) at 14.28%. This indicates that JEDG.L's price experiences larger fluctuations and is considered to be riskier than GDGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JEDG.L | GDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.94% | 14.28% | +4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 34.54% | 33.43% | +1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.16% | 41.77% | +2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.12% | 32.58% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.12% | 32.11% | +1.01% |
JEDG.L vs. GDGB.L - Expense Ratio Comparison
JEDG.L has a 0.55% expense ratio, which is higher than GDGB.L's 0.53% expense ratio.
Dividends
JEDG.L vs. GDGB.L - Dividend Comparison
Neither JEDG.L nor GDGB.L has paid dividends to shareholders.
Frequently Asked Questions
JEDG.L and GDGB.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.
On fees, GDGB.L is cheaper at 0.53% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GDGB.L is cheaper with a 0.53% expense ratio, compared with 0.55% for JEDG.L.
JEDG.L is categorized as Industrials Equities, while GDGB.L is Gold. JEDG.L tracks MSCI World/Materials NR USD, while GDGB.L tracks MarketVector Global Gold Miners Index. Their fees differ too: 0.55% for JEDG.L and 0.53% for GDGB.L.
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