SPGP.L vs. GDGB.L
Compare and contrast key facts about iShares Gold Producers UCITS ETF (SPGP.L) and VanEck Gold Miners UCITS ETF (GDGB.L).
SPGP.L and GDGB.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPGP.L is a passively managed fund by iShares that tracks the performance of the EMIX Global Mining Global Gold TR USD. It was launched on Sep 16, 2011. GDGB.L is a passively managed fund by VanEck that tracks the performance of the EMIX Global Mining Global Gold TR USD. It was launched on Mar 25, 2015. Both SPGP.L and GDGB.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SPGP.L vs. GDGB.L - Performance Comparison
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SPGP.L vs. GDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPGP.L iShares Gold Producers UCITS ETF | 15.16% | 137.41% | 12.81% | 3.72% | -0.45% | -9.15% | 19.43% | 41.00% | -4.37% | -5.07% |
GDGB.L VanEck Gold Miners UCITS ETF | 13.95% | 138.26% | 11.24% | 3.69% | 3.04% | -10.47% | 19.56% | 38.86% | -5.04% | -4.03% |
Different Trading Currencies
SPGP.L is traded in GBp, while GDGB.L is traded in GBP. To make them comparable, the GDGB.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPGP.L achieves a 15.16% return, which is significantly higher than GDGB.L's 13.95% return.
SPGP.L
- 1D
- 7.11%
- 1M
- -13.23%
- YTD
- 15.16%
- 6M
- 27.83%
- 1Y
- 105.57%
- 3Y*
- 43.00%
- 5Y*
- 26.22%
- 10Y*
- 19.12%
GDGB.L
- 1D
- 7.03%
- 1M
- -14.18%
- YTD
- 13.95%
- 6M
- 27.85%
- 1Y
- 104.84%
- 3Y*
- 41.71%
- 5Y*
- 26.40%
- 10Y*
- —
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SPGP.L vs. GDGB.L - Expense Ratio Comparison
SPGP.L has a 0.55% expense ratio, which is higher than GDGB.L's 0.53% expense ratio.
Return for Risk
SPGP.L vs. GDGB.L — Risk / Return Rank
SPGP.L
GDGB.L
SPGP.L vs. GDGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF (SPGP.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.
| SPGP.L | GDGB.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.57 | 2.49 | +0.08 |
Sortino ratioReturn per unit of downside risk | 2.84 | 2.76 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.38 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 3.84 | 3.71 | +0.13 |
Martin ratioReturn relative to average drawdown | 13.93 | 13.34 | +0.59 |
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
| SPGP.L | GDGB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.57 | 2.49 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.82 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.57 | -0.42 |
Correlation
The correlation between SPGP.L and GDGB.L is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SPGP.L vs. GDGB.L - Dividend Comparison
Neither SPGP.L nor GDGB.L has paid dividends to shareholders.
Drawdowns
SPGP.L vs. GDGB.L - Drawdown Comparison
The maximum SPGP.L drawdown since its inception was -79.54%, which is greater than GDGB.L's maximum drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for SPGP.L and GDGB.L.
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Drawdown Indicators
| SPGP.L | GDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.54% | -40.80% | -38.74% |
Max Drawdown (1Y)Largest decline over 1 year | -27.66% | -28.97% | +1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -34.81% | -35.49% | +0.68% |
Max Drawdown (10Y)Largest decline over 10 years | -43.71% | — | — |
Current DrawdownCurrent decline from peak | -13.76% | -15.00% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -42.57% | -17.46% | -25.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.63% | 8.07% | -0.44% |
Volatility
SPGP.L vs. GDGB.L - Volatility Comparison
iShares Gold Producers UCITS ETF (SPGP.L) and VanEck Gold Miners UCITS ETF (GDGB.L) have volatilities of 17.68% and 18.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPGP.L | GDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.68% | 18.03% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 34.04% | 35.02% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.82% | 41.87% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.12% | 32.07% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.45% | 31.89% | +0.56% |