TDVX.DE vs. G2X.DE

Last updated Jun 5, 2026

TDVX.DE (VanEck Morningstar Developed Markets ex-US Dividend Leaders UCITS ETF A USD Acc) and G2X.DE (VanEck Gold Miners UCITS ETF) are both exchange-traded funds - TDVX.DE is a Dividend fund tracking the Morningstar Developed Markets ex-US Large Cap Dividend Leaders Screened Select Index, while G2X.DE is a Precious Metals fund tracking the NYSE Arca Gold Miners. Both are passively managed. At a 0.31 correlation, their price movements are largely independent. TDVX.DE charges 0.38%/yr vs 0.53%/yr for G2X.DE.

Performance

TDVX.DE vs. G2X.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Morningstar Developed Markets ex-US Dividend Leaders UCITS ETF A USD Acc (TDVX.DE) and VanEck Gold Miners UCITS ETF (G2X.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TDVX.DE

• 1D: 0.32%
• 1M: 0.73%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

G2X.DE

• 1D: 1.09%
• 1M: 0.55%
• YTD: -1.03%
• 6M: 7.50%
• 1Y: 61.05%
• 3Y*: 37.60%
• 5Y*: 20.05%
• 10Y*: 13.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TDVX.DE vs. G2X.DE - Yearly Performance Comparison

	2026 (YTD)
TDVX.DE VanEck Morningstar Developed Markets ex-US Dividend Leaders UCITS ETF A USD Acc	1.12%
G2X.DE VanEck Gold Miners UCITS ETF	-7.86%

Correlation

The correlation between TDVX.DE and G2X.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 23, 2026	0.31

Return for Risk

TDVX.DE vs. G2X.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

G2X.DE

G2X.DE Risk / Return Rank: 39
G2X.DE Sharpe Ratio Rank: 41
G2X.DE Sortino Ratio Rank: 37
G2X.DE Omega Ratio Rank: 38
G2X.DE Calmar Ratio Rank: 44
G2X.DE Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TDVX.DE vs. G2X.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Developed Markets ex-US Dividend Leaders UCITS ETF A USD Acc (TDVX.DE) and VanEck Gold Miners UCITS ETF (G2X.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TDVX.DE	G2X.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.42	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.60	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.44	+0.44

Drawdowns

TDVX.DE vs. G2X.DE - Drawdown Comparison

The maximum TDVX.DE drawdown since its inception was -2.51%, smaller than the maximum G2X.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for TDVX.DE and G2X.DE.

Drawdown Indicators

	TDVX.DE	G2X.DE	Difference
Max Drawdown Largest peak-to-trough decline	-2.51%	-46.04%	+43.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-27.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-27.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.04%	—
Current Drawdown Current decline from peak	-1.99%	-23.34%	+21.35%
Average Drawdown Average peak-to-trough decline	-0.88%	-19.92%	+19.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.09%	—

Volatility

Volatility by Period

	TDVX.DE	G2X.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.32%	42.64%	-31.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.32%	33.16%	-21.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.32%	32.33%	-21.01%

TDVX.DE vs. G2X.DE - Expense Ratio Comparison

TDVX.DE has a 0.38% expense ratio, which is lower than G2X.DE's 0.53% expense ratio.

Dividends

TDVX.DE vs. G2X.DE - Dividend Comparison

Neither TDVX.DE nor G2X.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TDVX.DE and G2X.DE in my portfolio?

TDVX.DE and G2X.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDVX.DE or G2X.DE?

On fees, TDVX.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDVX.DE or G2X.DE?

TDVX.DE is cheaper with a 0.38% expense ratio, compared with 0.53% for G2X.DE.

What is the main difference between TDVX.DE and G2X.DE?

TDVX.DE is categorized as Dividend, while G2X.DE is Precious Metals. TDVX.DE tracks Morningstar Developed Markets ex-US Large Cap Dividend Leaders Screened Select Index, while G2X.DE tracks NYSE Arca Gold Miners. Their fees differ too: 0.38% for TDVX.DE and 0.53% for G2X.DE.