SPGP.L vs. REGB.L
SPGP.L (iShares Gold Producers UCITS ETF) and REGB.L (VanEck Rare Earth and Strategic Metals UCITS ETF A) are both Precious Metals funds tracking the EMIX Global Mining Global Gold TR USD, from iShares and VanEck respectively. Both are passively managed. Over the past 3 years, SPGP.L returned 38.31%/yr vs 3.20%/yr for REGB.L. At a 0.36 correlation, their price movements are largely independent. SPGP.L charges 0.55%/yr vs 0.59%/yr for REGB.L.
Performance
SPGP.L vs. REGB.L - Performance Comparison
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Different Trading Currencies
SPGP.L is traded in GBp, while REGB.L is traded in GBP. To make them comparable, the REGB.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 1.44% return, which is significantly lower than REGB.L's 31.29% return.
SPGP.L
- 1D
- 0.61%
- 1M
- 0.17%
- YTD
- 1.44%
- 6M
- 6.67%
- 1Y
- 64.79%
- 3Y*
- 38.31%
- 5Y*
- 19.91%
- 10Y*
- 14.96%
REGB.L
- 1D
- -1.86%
- 1M
- -6.24%
- YTD
- 31.29%
- 6M
- 38.96%
- 1Y
- 162.45%
- 3Y*
- 3.20%
- 5Y*
- —
- 10Y*
- —
SPGP.L vs. REGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPGP.L iShares Gold Producers UCITS ETF | 1.44% | 137.41% | 12.81% | 3.72% | -0.45% | 11.09% |
REGB.L VanEck Rare Earth and Strategic Metals UCITS ETF A | 31.29% | 75.67% | -34.55% | -22.78% | -22.89% | 14.56% |
Correlation
The correlation between SPGP.L and REGB.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.36 |
The correlation between SPGP.L and REGB.L shifts across timeframes, from 0.36 (all time) to 0.48 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPGP.L vs. REGB.L — Risk / Return Rank
SPGP.L
REGB.L
SPGP.L vs. REGB.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 Rare Earth and Strategic Metals UCITS ETF A (REGB.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 | REGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.46 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 7.71 | -5.38 |
| Martin ratioReturn relative to average drawdown | 5.97 | 20.77 | -14.80 |
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 | REGB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 3.58 | -1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.01 | +0.11 |
Drawdowns
SPGP.L vs. REGB.L - Drawdown Comparison
The maximum SPGP.L drawdown since its inception was -79.54%, which is greater than REGB.L's maximum drawdown of -72.41%. Use the drawdown chart below to compare losses from any high point for SPGP.L and REGB.L.
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Drawdown Indicators
| SPGP.L | REGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.54% | -72.41% | -7.13% |
Max Drawdown (1Y)Largest decline over 1 year | -27.66% | -20.93% | -6.73% |
Max Drawdown (3Y)Largest decline over 3 years | -27.66% | -60.97% | +33.31% |
Max Drawdown (5Y)Largest decline over 5 years | -34.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.71% | — | — |
Current DrawdownCurrent decline from peak | -24.04% | -23.30% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -42.31% | -40.12% | -2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.81% | 7.79% | +3.02% |
Volatility
SPGP.L vs. REGB.L - Volatility Comparison
iShares Gold Producers UCITS ETF (SPGP.L) and VanEck Rare Earth and Strategic Metals UCITS ETF A (REGB.L) have volatilities of 13.10% and 13.31%, 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 | REGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.10% | 13.31% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 32.23% | 31.52% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.28% | 45.11% | -4.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.56% | 44.61% | -13.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.31% | 44.61% | -12.30% |
SPGP.L vs. REGB.L - Expense Ratio Comparison
SPGP.L has a 0.55% expense ratio, which is lower than REGB.L's 0.59% expense ratio.
Dividends
SPGP.L vs. REGB.L - Dividend Comparison
Neither SPGP.L nor REGB.L has paid dividends to shareholders.
Frequently Asked Questions
SPGP.L and REGB.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPGP.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPGP.L is cheaper with a 0.55% expense ratio, compared with 0.59% for REGB.L.
Both ETFs track EMIX Global Mining Global Gold TR USD. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.55% for SPGP.L and 0.59% for REGB.L.
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