UBUD.DE vs. G2X.DE
UBUD.DE (UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist) and G2X.DE (VanEck Gold Miners UCITS ETF) are both Precious Metals funds - UBUD.DE tracks the Solactive Global Pure Gold Miners while G2X.DE tracks the NYSE Arca Gold Miners. Both are passively managed. Over the past 10 years, UBUD.DE returned 14.59%/yr vs 13.83%/yr for G2X.DE. Their correlation of 0.94 suggests significant overlap in exposure. UBUD.DE charges 0.43%/yr vs 0.53%/yr for G2X.DE.
Performance
UBUD.DE vs. G2X.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UBUD.DE achieves a -6.38% return, which is significantly lower than G2X.DE's -1.03% return. Over the past 10 years, UBUD.DE has outperformed G2X.DE with an annualized return of 14.59%, while G2X.DE has yielded a comparatively lower 13.83% annualized return.
UBUD.DE
- 1D
- -0.04%
- 1M
- -3.95%
- YTD
- -6.38%
- 6M
- 0.94%
- 1Y
- 47.84%
- 3Y*
- 42.44%
- 5Y*
- 24.10%
- 10Y*
- 14.59%
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%
UBUD.DE vs. G2X.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist | -6.38% | 144.52% | 34.69% | 6.34% | 0.11% | -8.41% | 15.71% | 40.46% | -6.02% | -3.26% |
G2X.DE VanEck Gold Miners UCITS ETF | -1.03% | 131.13% | 17.55% | 5.59% | -0.02% | -4.26% | 13.26% | 40.97% | -4.37% | -5.31% |
Correlation
The correlation between UBUD.DE and G2X.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since May 28, 2015 | 0.94 |
The correlation between UBUD.DE and G2X.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
UBUD.DE vs. G2X.DE — Risk / Return Rank
UBUD.DE
G2X.DE
UBUD.DE vs. G2X.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 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.
| UBUD.DE | G2X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.18 | -0.53 |
| Martin ratioReturn relative to average drawdown | 4.06 | 5.49 | -1.43 |
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
| UBUD.DE | G2X.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.42 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.60 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.43 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.44 | -0.17 |
Drawdowns
UBUD.DE vs. G2X.DE - Drawdown Comparison
The maximum UBUD.DE drawdown since its inception was -57.79%, which is greater than G2X.DE's maximum drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for UBUD.DE and G2X.DE.
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Drawdown Indicators
| UBUD.DE | G2X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.79% | -46.04% | -11.75% |
Max Drawdown (1Y)Largest decline over 1 year | -28.94% | -27.90% | -1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -28.94% | -27.90% | -1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -38.21% | -38.55% | +0.34% |
Max Drawdown (10Y)Largest decline over 10 years | -50.40% | -46.04% | -4.36% |
Current DrawdownCurrent decline from peak | -27.15% | -23.34% | -3.81% |
Average DrawdownAverage peak-to-trough decline | -28.07% | -19.92% | -8.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.75% | 11.09% | +0.66% |
Volatility
UBUD.DE vs. G2X.DE - Volatility Comparison
UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) and VanEck Gold Miners UCITS ETF (G2X.DE) have volatilities of 13.71% and 13.57%, 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
| UBUD.DE | G2X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.71% | 13.57% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 35.92% | 34.36% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.63% | 42.64% | +2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.68% | 33.16% | +2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.58% | 32.33% | +3.25% |
UBUD.DE vs. G2X.DE - Expense Ratio Comparison
UBUD.DE has a 0.43% expense ratio, which is lower than G2X.DE's 0.53% expense ratio.
Dividends
UBUD.DE vs. G2X.DE - Dividend Comparison
UBUD.DE's dividend yield for the trailing twelve months is around 0.59%, while G2X.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
G2X.DE VanEck Gold Miners 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 | 0.59% | 0.40% | 0.56% | 1.74% | 1.12% | 1.15% | 0.44% | 0.42% | 0.48% | 0.46% | 0.43% | 1.38% |
Frequently Asked Questions
With a correlation of 0.95, UBUD.DE and G2X.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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.
UBUD.DE is cheaper with a 0.43% expense ratio, compared with 0.53% for G2X.DE.
UBUD.DE tracks Solactive Global Pure Gold Miners, while G2X.DE tracks NYSE Arca Gold Miners. They also come from different issuers: UBS and VanEck. Their fees differ too: 0.43% for UBUD.DE and 0.53% for G2X.DE.
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