SPGP.L vs. VVMX.DE
SPGP.L (iShares Gold Producers UCITS ETF) and VVMX.DE (VanEck Rare Earth and Strategic Metals UCITS ETF A) are both exchange-traded funds - SPGP.L is a Precious Metals fund tracking the EMIX Global Mining Global Gold TR USD, while VVMX.DE is a Commodity Producers Equities fund tracking the MVIS Global Rare Earth/Strategic Metals. Both are passively managed. Over the past 3 years, SPGP.L returned 36.39%/yr vs 3.48%/yr for VVMX.DE. At a 0.35 correlation, their price movements are largely independent. SPGP.L charges 0.55%/yr vs 0.59%/yr for VVMX.DE.
Performance
SPGP.L vs. VVMX.DE - Performance Comparison
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Different Trading Currencies
SPGP.L is traded in GBp, while VVMX.DE is traded in EUR. To make them comparable, the VVMX.DE 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 -5.80% return, which is significantly lower than VVMX.DE's 29.16% return.
SPGP.L
- 1D
- 5.49%
- 1M
- -16.05%
- YTD
- -5.80%
- 6M
- -4.88%
- 1Y
- 52.23%
- 3Y*
- 36.39%
- 5Y*
- 18.46%
- 10Y*
- 13.80%
VVMX.DE
- 1D
- -1.75%
- 1M
- -9.31%
- YTD
- 29.16%
- 6M
- 35.47%
- 1Y
- 150.55%
- 3Y*
- 3.48%
- 5Y*
- —
- 10Y*
- —
SPGP.L vs. VVMX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPGP.L iShares Gold Producers UCITS ETF | -5.80% | 137.41% | 12.81% | 3.72% | -0.45% | 10.83% |
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 29.16% | 77.22% | -33.82% | -22.74% | -22.43% | 13.56% |
Correlation
The correlation between SPGP.L and VVMX.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.35 |
The correlation between SPGP.L and VVMX.DE shifts across timeframes, from 0.35 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPGP.L vs. VVMX.DE — Risk / Return Rank
SPGP.L
VVMX.DE
SPGP.L vs. VVMX.DE - 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 (VVMX.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPGP.L | VVMX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.46 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 7.75 | -6.21 |
| Martin ratioReturn relative to average drawdown | 4.40 | 21.01 | -16.61 |
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Drawdowns
SPGP.L vs. VVMX.DE - Drawdown Comparison
The maximum SPGP.L drawdown since its inception was -86.56%, which is greater than VVMX.DE's maximum drawdown of -72.71%. Use the drawdown chart below to compare losses from any high point for SPGP.L and VVMX.DE.
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Drawdown Indicators
| SPGP.L | VVMX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.56% | -72.71% | -13.85% |
Max Drawdown (1Y)Largest decline over 1 year | -33.69% | -20.85% | -12.84% |
Max Drawdown (3Y)Largest decline over 3 years | -33.69% | -61.60% | +27.91% |
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 | -29.46% | -22.96% | -6.50% |
Average DrawdownAverage peak-to-trough decline | -60.25% | -39.79% | -20.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.81% | 7.70% | +4.11% |
Volatility
SPGP.L vs. VVMX.DE - Volatility Comparison
iShares Gold Producers UCITS ETF (SPGP.L) has a higher volatility of 13.22% compared to VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE) at 12.38%. This indicates that SPGP.L's price experiences larger fluctuations and is considered to be riskier than VVMX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPGP.L | VVMX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.22% | 12.38% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 33.40% | 31.67% | +1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.37% | 45.72% | -4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.91% | 35.98% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.95% | 35.98% | -2.03% |
SPGP.L vs. VVMX.DE - Expense Ratio Comparison
SPGP.L has a 0.55% expense ratio, which is lower than VVMX.DE's 0.59% expense ratio.
Dividends
SPGP.L vs. VVMX.DE - Dividend Comparison
Neither SPGP.L nor VVMX.DE has paid dividends to shareholders.
Frequently Asked Questions
SPGP.L and VVMX.DE have a correlation of 0.50, 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 VVMX.DE.
SPGP.L is categorized as Precious Metals, while VVMX.DE is Commodity Producers Equities. SPGP.L tracks EMIX Global Mining Global Gold TR USD, while VVMX.DE tracks MVIS Global Rare Earth/Strategic Metals. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.55% for SPGP.L and 0.59% for VVMX.DE.
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