MIG vs. GDXJ
MIG (VanEck Moody's Analytics IG Corporate Bond ETF) and GDXJ (VanEck Vectors Junior Gold Miners ETF) are both exchange-traded funds - MIG is a Corporate Bonds fund tracking the MVIS Moody's Analytics US Investment Grade Corporate Bond Index (TR Gross) (MVCI), while GDXJ is a Materials fund tracking the MVIS Global Junior Gold Miners Index. Both are passively managed. Over the past 5 years, MIG returned 0.97%/yr vs 17.46%/yr for GDXJ. At a 0.29 correlation, their price movements are largely independent. MIG charges 0.20%/yr vs 0.54%/yr for GDXJ.
Performance
MIG vs. GDXJ - Performance Comparison
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Returns By Period
In the year-to-date period, MIG achieves a 0.39% return, which is significantly higher than GDXJ's -2.55% return.
MIG
- 1D
- -0.19%
- 1M
- 0.41%
- YTD
- 0.39%
- 6M
- -0.01%
- 1Y
- 5.37%
- 3Y*
- 5.64%
- 5Y*
- 0.97%
- 10Y*
- —
GDXJ
- 1D
- -4.40%
- 1M
- -1.95%
- YTD
- -2.55%
- 6M
- 6.26%
- 1Y
- 65.12%
- 3Y*
- 46.12%
- 5Y*
- 17.46%
- 10Y*
- 13.07%
MIG vs. GDXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MIG VanEck Moody's Analytics IG Corporate Bond ETF | 0.39% | 7.34% | 3.38% | 8.88% | -14.51% | -0.02% | 1.26% |
GDXJ VanEck Vectors Junior Gold Miners ETF | -2.55% | 172.28% | 15.67% | 7.12% | -14.53% | -21.25% | 4.82% |
Correlation
The correlation between MIG and GDXJ is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2020 | 0.29 |
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Return for Risk
MIG vs. GDXJ — Risk / Return Rank
MIG
GDXJ
MIG vs. GDXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Moody's Analytics IG Corporate Bond ETF (MIG) 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.
| MIG | GDXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 1.99 | -0.09 |
| Martin ratioReturn relative to average drawdown | 5.24 | 4.95 | +0.28 |
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
| MIG | GDXJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.32 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.43 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.06 | +0.08 |
Drawdowns
MIG vs. GDXJ - Drawdown Comparison
The maximum MIG drawdown since its inception was -20.98%, smaller than the maximum GDXJ drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for MIG and GDXJ.
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Drawdown Indicators
| MIG | GDXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.98% | -88.66% | +67.68% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -32.92% | +30.09% |
Max Drawdown (3Y)Largest decline over 3 years | -5.61% | -32.92% | +27.31% |
Max Drawdown (5Y)Largest decline over 5 years | -20.98% | -50.99% | +30.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.77% | — |
Current DrawdownCurrent decline from peak | -1.24% | -29.01% | +27.77% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -60.50% | +53.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 13.19% | -12.16% |
Volatility
MIG vs. GDXJ - Volatility Comparison
The current volatility for VanEck Moody's Analytics IG Corporate Bond ETF (MIG) is 1.47%, while VanEck Vectors Junior Gold Miners ETF (GDXJ) has a volatility of 16.66%. This indicates that MIG 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
| MIG | GDXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 16.66% | -15.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.13% | 41.34% | -38.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.26% | 49.79% | -45.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 41.10% | -34.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.22% | 44.06% | -37.84% |
MIG vs. GDXJ - Expense Ratio Comparison
MIG has a 0.20% expense ratio, which is lower than GDXJ's 0.54% expense ratio.
Dividends
MIG vs. GDXJ - Dividend Comparison
MIG's dividend yield for the trailing twelve months is around 4.78%, more than GDXJ's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDXJ VanEck Vectors Junior Gold Miners ETF | 2.39% | 2.33% | 2.61% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% |
MIG VanEck Moody's Analytics IG Corporate Bond ETF | 4.78% | 4.81% | 4.68% | 4.38% | 3.06% | 2.15% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MIG and GDXJ have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXJ has higher volatility (16.66%) compared to MIG (1.47%). In terms of maximum drawdown, MIG dropped -20.98% vs GDXJ's -88.66%.
On 5-year performance, GDXJ leads with 17.46% vs 0.97% for MIG. On fees, MIG is cheaper at 0.20% per year. On volatility, MIG has been the lower-risk option at 1.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GDXJ has performed better with a 17.46% return vs 0.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MIG is cheaper with a 0.20% expense ratio, compared with 0.54% for GDXJ.
MIG has the higher dividend yield at 4.78%, compared with 2.39% for GDXJ.
MIG is categorized as Corporate Bonds, while GDXJ is Materials. MIG tracks MVIS Moody's Analytics US Investment Grade Corporate Bond Index (TR Gross) (MVCI), while GDXJ tracks MVIS Global Junior Gold Miners Index. Their fees differ too: 0.20% for MIG and 0.54% for GDXJ.
GDXJ currently has the higher Sharpe Ratio (1.31 vs 1.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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