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UBUD.DE vs. GDMN
Performance
Return for Risk
Dividends
Drawdowns
Volatility

UBUD.DE vs. GDMN

Last updated Apr 2, 2026

Compare and contrast key facts about UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) and WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN).

UBUD.DE and GDMN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UBUD.DE is a passively managed fund by UBS that tracks the performance of the Solactive Global Pure Gold Miners. It was launched on Nov 15, 2012. GDMN is an actively managed fund by WisdomTree. It was launched on Dec 16, 2021.

Performance

UBUD.DE vs. GDMN - 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 WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN). The values are adjusted to include any dividend payments, if applicable.

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UBUD.DE vs. GDMN - Yearly Performance Comparison

2026 (YTD)20252024202320222021
UBUD.DE
UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist		10.71%144.52%34.69%6.34%0.11%2.42%
GDMN
WisdomTree Efficient Gold Plus Gold Miners Strategy Fund		16.38%197.09%36.70%9.58%-9.33%4.76%
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 10.71% return, which is significantly lower than GDMN's 16.38% return.

UBUD.DE

1D
7.28%
1M
-13.53%
YTD
10.71%
6M
29.45%
1Y
103.48%
3Y*
50.21%
5Y*
30.77%
10Y*
19.01%

GDMN

1D
5.27%
1M
-23.75%
YTD
16.38%
6M
39.12%
1Y
137.37%
3Y*
64.73%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist

WisdomTree Efficient Gold Plus Gold Miners Strategy Fund

Often compared with UBUD.DE:
UBUD.DE vs. VVMX.DEUBUD.DE vs. 3GOL.LUBUD.DE vs. ETLX.DEUBUD.DE vs. SPMOUBUD.DE vs. ARKWUBUD.DE vs. NUCG.LUBUD.DE vs. SIL
Often compared with GDMN:
GDMN vs. GDEGDMN vs. GDXGDMN vs. GldGDMN vs. IAUGDMN vs. IAUMGDMN vs. AUMIGDMN vs. GLD

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.

GDMN
WisdomTree Efficient Gold Plus Gold Miners Strategy Fund
UBUD.DE
UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist

Return for Risk

UBUD.DE vs. GDMN — 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: 9090
Overall Rank
UBUD.DE Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
UBUD.DE Sortino Ratio Rank: 8888
Sortino Ratio Rank
UBUD.DE Omega Ratio Rank: 8484
Omega Ratio Rank
UBUD.DE Calmar Ratio Rank: 9393
Calmar Ratio Rank
UBUD.DE Martin Ratio Rank: 9191
Martin Ratio Rank
GDMN
GDMN Risk / Return Rank: 9191
Overall Rank
GDMN Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
GDMN Sortino Ratio Rank: 8888
Sortino Ratio Rank
GDMN Omega Ratio Rank: 8888
Omega Ratio Rank
GDMN Calmar Ratio Rank: 9494
Calmar Ratio Rank
GDMN Martin Ratio Rank: 9292
Martin Ratio Rank
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. 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.DEGDMNDifference

Sharpe ratio

Return per unit of total volatility

2.25

2.25

+0.01

Sortino ratio

Return per unit of downside risk

2.53

2.37

+0.16

Omega ratio

Gain probability vs. loss probability

1.35

1.36

-0.01

Calmar ratio

Return relative to maximum drawdown

3.67

3.58

+0.09

Martin ratio

Return relative to average drawdown

12.76

12.40

+0.36

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UBUD.DE vs. GDMN - Sharpe Ratio Comparison

The current UBUD.DE Sharpe Ratio is 2.25, which is comparable to the GDMN Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of UBUD.DE and GDMN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

UBUD.DEGDMNDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.25

2.25

+0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.87

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

1.02

-0.71

Correlation

The correlation between UBUD.DE and GDMN is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

UBUD.DE vs. GDMN - Dividend Comparison

UBUD.DE's dividend yield for the trailing twelve months is around 0.50%, less than GDMN's 2.36% yield.

TTM20252024202320222021202020192018201720162015
UBUD.DE
UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist		0.50%0.40%0.56%1.74%1.12%1.15%0.44%0.42%0.48%0.46%0.43%1.38%
GDMN
WisdomTree Efficient Gold Plus Gold Miners Strategy Fund		2.36%2.70%9.44%7.69%1.44%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

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.DEGDMNDifference

Max Drawdown

Largest peak-to-trough decline

-57.79%

-52.82%

-4.97%

Max Drawdown (1Y)

Largest decline over 1 year

-28.94%

-39.03%

+10.09%

Max Drawdown (5Y)

Largest decline over 5 years

-38.21%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-50.40%

—

—

Current Drawdown

Current decline from peak

-13.85%

-24.76%

+10.91%

Average Drawdown

Average peak-to-trough decline

-28.17%

-18.46%

-9.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.32%

11.50%

-3.18%

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 18.81%, while WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN) has a volatility of 22.98%. 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.DEGDMNDifference

Volatility (1M)

Calculated over the trailing 1-month period

18.81%

22.98%

-4.17%

Volatility (6M)

Calculated over the trailing 6-month period

38.95%

52.73%

-13.78%

Volatility (1Y)

Calculated over the trailing 1-year period

45.70%

61.54%

-15.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.08%

44.44%

-9.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

35.66%

44.44%

-8.78%