UBUD.DE vs. ESGP.DE

Last updated Jul 17, 2026

UBUD.DE (UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist) and ESGP.DE (Gold Miners Screened UCITS ETF) are both Gold funds - UBUD.DE tracks the Solactive Global Pure Gold Miners while ESGP.DE tracks the VettaFi Gold Miners Screened Index. Both are passively managed. Over the past 3 years, UBUD.DE returned 38.37%/yr vs 11.24%/yr for ESGP.DE. At a 0.38 correlation, their price movements are largely independent. UBUD.DE charges 0.43%/yr vs 0.60%/yr for ESGP.DE.

Performance

UBUD.DE vs. ESGP.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) and Gold Miners Screened UCITS ETF (ESGP.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UBUD.DE achieves a -18.54% return, which is significantly lower than ESGP.DE's 11.48% return.

UBUD.DE

• 1D: -2.01%
• 1M: -13.92%
• 6M: -25.14%
• YTD: -18.54%
• 1Y: 41.04%
• 3Y*: 38.37%
• 5Y*: 23.10%
• 10Y*: 10.71%

ESGP.DE

• 1D: 0.00%
• 1M: 3.54%
• 6M: 8.31%
• YTD: 11.48%
• 1Y: 16.66%
• 3Y*: 11.24%
• 5Y*: —
• 10Y*: —

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

UBUD.DE vs. ESGP.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist	-18.54%	144.78%	34.71%	5.73%	0.21%	6.49%
ESGP.DE Gold Miners Screened UCITS ETF	11.48%	5.79%	12.94%	2.10%	-2.36%	2.90%

Correlation

The correlation between UBUD.DE and ESGP.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021	0.38

Return for Risk

UBUD.DE vs. ESGP.DE — Risk / Return Rank

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

UBUD.DE

UBUD.DE Risk / Return Rank: 28
UBUD.DE Sharpe Ratio Rank: 28
UBUD.DE Sortino Ratio Rank: 29
UBUD.DE Omega Ratio Rank: 29
UBUD.DE Calmar Ratio Rank: 28
UBUD.DE Martin Ratio Rank: 25

ESGP.DE

ESGP.DE Risk / Return Rank: 56
ESGP.DE Sharpe Ratio Rank: 53
ESGP.DE Sortino Ratio Rank: 55
ESGP.DE Omega Ratio Rank: 49
ESGP.DE Calmar Ratio Rank: 66
ESGP.DE Martin Ratio Rank: 55

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.

UBUD.DE vs. ESGP.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) and Gold Miners Screened UCITS ETF (ESGP.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.

	UBUD.DE	ESGP.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.84	1.45	-0.60
Sortino ratio: Return per unit of downside risk	1.34	2.15	-0.81
Omega ratio: Gain probability vs. loss probability	1.17	1.25	-0.09
Calmar ratio: Return relative to maximum drawdown	1.11	2.65	-1.53
Martin ratio: Return relative to average drawdown	2.58	7.50	-4.92

UBUD.DE vs. ESGP.DE - Sharpe Ratio Comparison

The current UBUD.DE Sharpe Ratio is 0.84, which is lower than the ESGP.DE Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of UBUD.DE and ESGP.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UBUD.DE vs. ESGP.DE - Drawdown Comparison

The maximum UBUD.DE drawdown since its inception was -71.17%, which is greater than ESGP.DE's maximum drawdown of -20.50%. Use the drawdown chart below to compare losses from any high point for UBUD.DE and ESGP.DE.

Drawdown Indicators

	UBUD.DE	ESGP.DE	Difference
Max Drawdown Largest peak-to-trough decline	-71.17%	-20.50%	-50.67%
Max Drawdown (1Y) Largest decline over 1 year	-36.64%	-6.31%	-30.33%
Max Drawdown (3Y) Largest decline over 3 years	-36.64%	-20.50%	-16.14%
Max Drawdown (5Y) Largest decline over 5 years	-38.20%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.00%	—	—
Current Drawdown Current decline from peak	-36.64%	0.00%	-36.64%
Average Drawdown Average peak-to-trough decline	-37.24%	-5.23%	-32.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.88%	2.23%	+13.65%

Volatility

UBUD.DE vs. ESGP.DE - Volatility Comparison

UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) has a higher volatility of 14.28% compared to Gold Miners Screened UCITS ETF (ESGP.DE) at 2.13%. This indicates that UBUD.DE's price experiences larger fluctuations and is considered to be riskier than ESGP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UBUD.DE	ESGP.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.28%	2.13%	+12.15%
Volatility (6M) Calculated over the trailing 6-month period	38.61%	8.96%	+29.65%
Volatility (1Y) Calculated over the trailing 1-year period	48.37%	11.59%	+36.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.49%	14.44%	+22.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.12%	14.44%	+22.68%

UBUD.DE vs. ESGP.DE - Expense Ratio Comparison

UBUD.DE has a 0.43% expense ratio, which is lower than ESGP.DE's 0.60% expense ratio.

Dividends

UBUD.DE vs. ESGP.DE - Dividend Comparison

UBUD.DE's dividend yield for the trailing twelve months is around 0.80%, while ESGP.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESGP.DE Gold Miners Screened UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist	0.80%	0.44%	0.61%	1.13%	1.20%	1.38%	0.50%	0.47%	0.56%	0.54%	0.47%	1.53%

Frequently Asked Questions

Can I hold both UBUD.DE and ESGP.DE in my portfolio?

UBUD.DE and ESGP.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UBUD.DE or ESGP.DE?

On fees, UBUD.DE is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UBUD.DE or ESGP.DE?

UBUD.DE is cheaper with a 0.43% expense ratio, compared with 0.60% for ESGP.DE.

What is the main difference between UBUD.DE and ESGP.DE?

UBUD.DE tracks Solactive Global Pure Gold Miners, while ESGP.DE tracks VettaFi Gold Miners Screened Index. They also come from different issuers: UBS and HANetf. Their fees differ too: 0.43% for UBUD.DE and 0.60% for ESGP.DE.