JEDG.L vs. GJGB.L
JEDG.L (VanEck Space Innovators UCITS ETF) and GJGB.L (VanEck Junior Gold Miners UCITS ETF) are both exchange-traded funds - JEDG.L is a Industrials Equities fund tracking the MSCI World/Materials NR USD, while GJGB.L is a Gold fund tracking the MVIS Global Junior Gold Miners Index. Both are passively managed. Over the past 3 years, JEDG.L returned 65.85%/yr vs 42.48%/yr for GJGB.L. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.55% expense ratio.
Performance
JEDG.L vs. GJGB.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 GJGB.L's -1.48% return.
JEDG.L
- 1D
- 1.49%
- 1M
- 23.72%
- YTD
- 74.89%
- 6M
- 96.65%
- 1Y
- 211.91%
- 3Y*
- 65.85%
- 5Y*
- —
- 10Y*
- —
GJGB.L
- 1D
- 0.69%
- 1M
- -1.51%
- YTD
- -1.48%
- 6M
- 6.58%
- 1Y
- 66.00%
- 3Y*
- 42.48%
- 5Y*
- 18.91%
- 10Y*
- —
JEDG.L vs. GJGB.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% |
GJGB.L VanEck Junior Gold Miners UCITS ETF | -1.48% | 156.51% | 14.83% | 1.67% | 5.36% |
Correlation
The correlation between JEDG.L and GJGB.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.24 |
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Return for Risk
JEDG.L vs. GJGB.L — Risk / Return Rank
JEDG.L
GJGB.L
JEDG.L vs. GJGB.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 Junior Gold Miners UCITS ETF (GJGB.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 | GJGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.33 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.24 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 9.18 | 2.18 | +7.00 |
| Martin ratioReturn relative to average drawdown | 30.71 | 5.30 | +25.41 |
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 | GJGB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.77 | 1.43 | +3.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.36 | 0.40 | +0.96 |
Drawdowns
JEDG.L vs. GJGB.L - Drawdown Comparison
The maximum JEDG.L drawdown since its inception was -26.80%, smaller than the maximum GJGB.L drawdown of -49.12%. Use the drawdown chart below to compare losses from any high point for JEDG.L and GJGB.L.
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Drawdown Indicators
| JEDG.L | GJGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.80% | -49.12% | +22.32% |
Max Drawdown (1Y)Largest decline over 1 year | -22.94% | -29.95% | +7.01% |
Max Drawdown (3Y)Largest decline over 3 years | -26.80% | -29.95% | +3.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.65% | — |
Current DrawdownCurrent decline from peak | -13.90% | -27.14% | +13.24% |
Average DrawdownAverage peak-to-trough decline | -8.86% | -22.35% | +13.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.87% | 12.37% | -5.50% |
Volatility
JEDG.L vs. GJGB.L - Volatility Comparison
VanEck Space Innovators UCITS ETF (JEDG.L) has a higher volatility of 18.94% compared to VanEck Junior Gold Miners UCITS ETF (GJGB.L) at 16.00%. This indicates that JEDG.L's price experiences larger fluctuations and is considered to be riskier than GJGB.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 | GJGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.94% | 16.00% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 34.54% | 36.81% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.16% | 45.62% | -1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.12% | 36.94% | -3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.12% | 36.80% | -3.68% |
JEDG.L vs. GJGB.L - Expense Ratio Comparison
Both JEDG.L and GJGB.L have an expense ratio of 0.55%.
Dividends
JEDG.L vs. GJGB.L - Dividend Comparison
Neither JEDG.L nor GJGB.L has paid dividends to shareholders.
Frequently Asked Questions
JEDG.L and GJGB.L have a correlation of 0.32, 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.
JEDG.L and GJGB.L have the same expense ratio: 0.55% per year.
JEDG.L is categorized as Industrials Equities, while GJGB.L is Gold. JEDG.L tracks MSCI World/Materials NR USD, while GJGB.L tracks MVIS Global Junior Gold Miners Index.
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