UBUD.DE vs. G2XJ.DE

Last updated Jul 18, 2026

UBUD.DE (UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist) and G2XJ.DE (VanEck Junior Gold Miners UCITS) are both Gold funds - UBUD.DE tracks the Solactive Global Pure Gold Miners while G2XJ.DE tracks the MVIS Global Junior Gold Miners. Both are passively managed. Over the past 10 years, UBUD.DE returned 10.56%/yr vs 7.70%/yr for G2XJ.DE. Their correlation of 0.92 suggests significant overlap in exposure. UBUD.DE charges 0.43%/yr vs 0.55%/yr for G2XJ.DE.

Performance

UBUD.DE vs. G2XJ.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 VanEck Junior Gold Miners UCITS (G2XJ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with UBUD.DE having a -19.31% return and G2XJ.DE slightly lower at -19.51%. Over the past 10 years, UBUD.DE has outperformed G2XJ.DE with an annualized return of 10.56%, while G2XJ.DE has yielded a comparatively lower 7.70% annualized return.

UBUD.DE

• 1D: -0.94%
• 1M: -18.08%
• 6M: -24.48%
• YTD: -19.31%
• 1Y: 41.10%
• 3Y*: 36.61%
• 5Y*: 22.87%
• 10Y*: 10.56%

G2XJ.DE

• 1D: -1.12%
• 1M: -20.47%
• 6M: -26.52%
• YTD: -19.51%
• 1Y: 44.10%
• 3Y*: 34.36%
• 5Y*: 17.76%
• 10Y*: 7.70%

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

UBUD.DE vs. G2XJ.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	-19.31%	144.78%	34.71%	5.73%	0.21%	-8.24%	15.80%	40.50%	-5.79%	-3.32%
G2XJ.DE VanEck Junior Gold Miners UCITS	-19.51%	149.58%	21.45%	3.64%	-6.11%	-15.53%	18.76%	43.16%	-8.98%	-10.97%

Correlation

The correlation between UBUD.DE and G2XJ.DE is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since May 27, 2015	0.92

The correlation between UBUD.DE and G2XJ.DE has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.

Return for Risk

UBUD.DE vs. G2XJ.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: 29
UBUD.DE Sortino Ratio Rank: 30
UBUD.DE Omega Ratio Rank: 29
UBUD.DE Calmar Ratio Rank: 28
UBUD.DE Martin Ratio Rank: 25

G2XJ.DE

G2XJ.DE Risk / Return Rank: 29
G2XJ.DE Sharpe Ratio Rank: 29
G2XJ.DE Sortino Ratio Rank: 31
G2XJ.DE Omega Ratio Rank: 30
G2XJ.DE Calmar Ratio Rank: 29
G2XJ.DE Martin Ratio Rank: 26

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. G2XJ.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 Junior Gold Miners UCITS (G2XJ.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	G2XJ.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.85	0.87	-0.02
Sortino ratio: Return per unit of downside risk	1.34	1.39	-0.04
Omega ratio: Gain probability vs. loss probability	1.17	1.17	0.00
Calmar ratio: Return relative to maximum drawdown	1.10	1.15	-0.05
Martin ratio: Return relative to average drawdown	2.55	2.67	-0.12

UBUD.DE vs. G2XJ.DE - Sharpe Ratio Comparison

The current UBUD.DE Sharpe Ratio is 0.85, which is comparable to the G2XJ.DE Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of UBUD.DE and G2XJ.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. G2XJ.DE - Drawdown Comparison

The maximum UBUD.DE drawdown since its inception was -71.17%, which is greater than G2XJ.DE's maximum drawdown of -49.96%. Use the drawdown chart below to compare losses from any high point for UBUD.DE and G2XJ.DE.

Drawdown Indicators

	UBUD.DE	G2XJ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-71.17%	-49.96%	-21.21%
Max Drawdown (1Y) Largest decline over 1 year	-37.24%	-38.10%	+0.86%
Max Drawdown (3Y) Largest decline over 3 years	-37.24%	-38.10%	+0.86%
Max Drawdown (5Y) Largest decline over 5 years	-38.20%	-40.81%	+2.61%
Max Drawdown (10Y) Largest decline over 10 years	-50.00%	-49.96%	-0.04%
Current Drawdown Current decline from peak	-37.24%	-38.10%	+0.86%
Average Drawdown Average peak-to-trough decline	-37.24%	-25.34%	-11.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.06%	16.46%	-0.40%

Volatility

UBUD.DE vs. G2XJ.DE - Volatility Comparison

The current volatility for UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) is 13.16%, while VanEck Junior Gold Miners UCITS (G2XJ.DE) has a volatility of 14.31%. This indicates that UBUD.DE experiences smaller price fluctuations and is considered to be less risky than G2XJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UBUD.DE	G2XJ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.16%	14.31%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	38.44%	41.08%	-2.64%
Volatility (1Y) Calculated over the trailing 1-year period	48.38%	50.57%	-2.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.48%	38.00%	-1.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.12%	37.95%	-0.83%

UBUD.DE vs. G2XJ.DE - Expense Ratio Comparison

UBUD.DE has a 0.43% expense ratio, which is lower than G2XJ.DE's 0.55% expense ratio.

Dividends

UBUD.DE vs. G2XJ.DE - Dividend Comparison

UBUD.DE's dividend yield for the trailing twelve months is around 0.81%, while G2XJ.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
G2XJ.DE VanEck Junior Gold Miners UCITS	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	0.81%	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 G2XJ.DE in my portfolio?

With a correlation of 0.97, UBUD.DE and G2XJ.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.

Which ETF is better, UBUD.DE or G2XJ.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 G2XJ.DE?

UBUD.DE is cheaper with a 0.43% expense ratio, compared with 0.55% for G2XJ.DE.

What is the main difference between UBUD.DE and G2XJ.DE?

UBUD.DE tracks Solactive Global Pure Gold Miners, while G2XJ.DE tracks MVIS Global Junior Gold Miners. They also come from different issuers: UBS and VanEck. Their fees differ too: 0.43% for UBUD.DE and 0.55% for G2XJ.DE.