SXRM.DE vs. GDGB.L
SXRM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Acc)) and GDGB.L (VanEck Gold Miners UCITS ETF) are both exchange-traded funds - SXRM.DE is a Government Bonds fund tracking the ICE US Treasury 7-10 Year, while GDGB.L is a Gold fund tracking the MarketVector Global Gold Miners Index. Both are passively managed. Over the past 5 years, SXRM.DE returned -1.07%/yr vs 17.20%/yr for GDGB.L. At a 0.25 correlation, their price movements are largely independent. SXRM.DE charges 0.07%/yr vs 0.53%/yr for GDGB.L.
Performance
SXRM.DE vs. GDGB.L - Performance Comparison
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Different Trading Currencies
SXRM.DE is traded in USD, while GDGB.L is traded in GBP. To make them comparable, the GDGB.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SXRM.DE achieves a -0.59% return, which is significantly higher than GDGB.L's -7.35% return.
SXRM.DE
- 1D
- 0.38%
- 1M
- 0.09%
- YTD
- -0.59%
- 6M
- 0.05%
- 1Y
- 4.19%
- 3Y*
- 2.95%
- 5Y*
- -1.07%
- 10Y*
- 0.67%
GDGB.L
- 1D
- 5.31%
- 1M
- -17.51%
- YTD
- -7.35%
- 6M
- -5.86%
- 1Y
- 49.71%
- 3Y*
- 38.28%
- 5Y*
- 17.20%
- 10Y*
- —
SXRM.DE vs. GDGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) | -0.59% | 8.56% | -0.51% | 3.57% | -14.86% | -3.03% | 9.73% | 9.02% | 0.39% | -0.64% |
GDGB.L VanEck Gold Miners UCITS ETF | -7.35% | 156.24% | 9.38% | 9.16% | -7.97% | -11.28% | 23.23% | 44.43% | -10.42% | 1.81% |
Correlation
The correlation between SXRM.DE and GDGB.L 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 | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2017 | 0.25 |
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Return for Risk
SXRM.DE vs. GDGB.L — Risk / Return Rank
SXRM.DE
GDGB.L
SXRM.DE vs. GDGB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) (SXRM.DE) 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.
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.
| SXRM.DE | GDGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.20 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 1.41 | -0.48 |
| Martin ratioReturn relative to average drawdown | 2.74 | 3.89 | -1.15 |
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Drawdowns
SXRM.DE vs. GDGB.L - Drawdown Comparison
The maximum SXRM.DE drawdown since its inception was -23.31%, smaller than the maximum GDGB.L drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for SXRM.DE and GDGB.L.
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Drawdown Indicators
| SXRM.DE | GDGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.31% | -50.68% | +27.37% |
Max Drawdown (1Y)Largest decline over 1 year | -4.02% | -35.18% | +31.16% |
Max Drawdown (3Y)Largest decline over 3 years | -7.24% | -35.18% | +27.94% |
Max Drawdown (5Y)Largest decline over 5 years | -20.90% | -46.27% | +25.37% |
Max Drawdown (10Y)Largest decline over 10 years | -23.31% | — | — |
Current DrawdownCurrent decline from peak | -10.34% | -31.02% | +20.68% |
Average DrawdownAverage peak-to-trough decline | -6.45% | -17.81% | +11.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 12.73% | -11.36% |
Volatility
SXRM.DE vs. GDGB.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) (SXRM.DE) is 1.86%, while VanEck Gold Miners UCITS ETF (GDGB.L) has a volatility of 14.95%. This indicates that SXRM.DE experiences smaller price fluctuations and is considered to be less risky than GDGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRM.DE | GDGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 14.95% | -13.09% |
Volatility (6M)Calculated over the trailing 6-month period | 3.41% | 36.15% | -32.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.60% | 44.61% | -40.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.38% | 35.73% | -28.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.30% | 34.29% | -27.99% |
SXRM.DE vs. GDGB.L - Expense Ratio Comparison
SXRM.DE has a 0.07% expense ratio, which is lower than GDGB.L's 0.53% expense ratio.
Dividends
SXRM.DE vs. GDGB.L - Dividend Comparison
Neither SXRM.DE nor GDGB.L has paid dividends to shareholders.
Frequently Asked Questions
SXRM.DE and GDGB.L 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.
On fees, SXRM.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRM.DE is cheaper with a 0.07% expense ratio, compared with 0.53% for GDGB.L.
SXRM.DE is categorized as Government Bonds, while GDGB.L is Gold. SXRM.DE tracks ICE US Treasury 7-10 Year, while GDGB.L tracks MarketVector Global Gold Miners Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.07% for SXRM.DE and 0.53% for GDGB.L.
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