UBUD.DE vs. GDMN
UBUD.DE (UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist) and GDMN (WisdomTree Efficient Gold Plus Gold Miners Strategy Fund) are both exchange-traded funds - UBUD.DE is a Precious Metals fund tracking the Solactive Global Pure Gold Miners, while GDMN is a Commodities fund actively managed by WisdomTree. UBUD.DE is passively managed, while GDMN is actively managed. Over the past 3 years, UBUD.DE returned 42.21%/yr vs 56.68%/yr for GDMN. A 0.76 correlation means they provide meaningful diversification when combined. UBUD.DE charges 0.43%/yr vs 0.45%/yr for GDMN.
Performance
UBUD.DE vs. GDMN - Performance Comparison
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Different Trading Currencies
UBUD.DE is traded in EUR, while GDMN is traded in USD. To make them comparable, the GDMN values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, UBUD.DE achieves a -6.35% return, which is significantly lower than GDMN's -2.98% return.
UBUD.DE
- 1D
- -1.68%
- 1M
- -3.23%
- YTD
- -6.35%
- 6M
- 0.30%
- 1Y
- 49.43%
- 3Y*
- 42.21%
- 5Y*
- 24.11%
- 10Y*
- 14.79%
GDMN
- 1D
- -3.47%
- 1M
- -1.73%
- YTD
- -2.98%
- 6M
- 3.29%
- 1Y
- 73.41%
- 3Y*
- 56.68%
- 5Y*
- —
- 10Y*
- —
UBUD.DE vs. GDMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist | -6.35% | 144.52% | 34.69% | 6.34% | 0.11% | 2.42% |
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | -2.98% | 197.09% | 36.70% | 9.58% | -9.33% | 4.76% |
Correlation
The correlation between UBUD.DE and GDMN is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2021 | 0.76 |
The correlation between UBUD.DE and GDMN has been stable across timeframes, ranging from 0.75 to 0.76 - a consistent structural relationship.
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Return for Risk
UBUD.DE vs. GDMN — Risk / Return Rank
UBUD.DE
GDMN
UBUD.DE vs. GDMN - 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 WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN). 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 | GDMN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.93 | -0.23 |
| Martin ratioReturn relative to average drawdown | 4.24 | 4.55 | -0.30 |
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 | GDMN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.24 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.84 | -0.57 |
Drawdowns
UBUD.DE vs. GDMN - Drawdown Comparison
The maximum UBUD.DE drawdown since its inception was -57.79%, which is greater than GDMN's maximum drawdown of -47.07%. Use the drawdown chart below to compare losses from any high point for UBUD.DE and GDMN.
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Drawdown Indicators
| UBUD.DE | GDMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.79% | -47.07% | -10.72% |
Max Drawdown (1Y)Largest decline over 1 year | -28.94% | -38.22% | +9.28% |
Max Drawdown (3Y)Largest decline over 3 years | -28.94% | -38.22% | +9.28% |
Max Drawdown (5Y)Largest decline over 5 years | -38.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -50.40% | — | — |
Current DrawdownCurrent decline from peak | -27.13% | -36.44% | +9.31% |
Average DrawdownAverage peak-to-trough decline | -28.07% | -18.30% | -9.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.62% | 16.20% | -4.58% |
Volatility
UBUD.DE vs. GDMN - Volatility Comparison
The current volatility for UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) is 15.19%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 17.03%. This indicates that UBUD.DE experiences smaller price fluctuations and is considered to be less risky than GDMN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UBUD.DE | GDMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.19% | 17.03% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 36.02% | 50.02% | -14.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.66% | 59.36% | -13.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.68% | 44.78% | -9.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.59% | 44.78% | -9.19% |
UBUD.DE vs. GDMN - Expense Ratio Comparison
UBUD.DE has a 0.43% expense ratio, which is lower than GDMN's 0.45% expense ratio.
Dividends
UBUD.DE vs. GDMN - Dividend Comparison
UBUD.DE's dividend yield for the trailing twelve months is around 0.59%, less than GDMN's 2.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | 2.82% | 2.70% | 9.44% | 7.69% | 1.44% | 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
UBUD.DE and GDMN have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.45% for GDMN.
UBUD.DE is categorized as Precious Metals, while GDMN is Commodities. They also come from different issuers: UBS and WisdomTree. Their fees differ too: 0.43% for UBUD.DE and 0.45% for GDMN.
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