UBUD.DE vs. GLDA.DE

Last updated Aug 6, 2026

UBUD.DE (UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist) and GLDA.DE (Amundi Physical Gold ETC (C)) are both Gold funds - UBUD.DE tracks the Solactive Global Pure Gold Miners while GLDA.DE tracks the Gold. Both are passively managed. Over the past 5 years, UBUD.DE returned 27.63%/yr vs 18.65%/yr for GLDA.DE. Their 0.71 correlation means they have sometimes moved together and sometimes differently. UBUD.DE charges 0.43%/yr vs 0.12%/yr for GLDA.DE.

Performance

UBUD.DE vs. GLDA.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 Amundi Physical Gold ETC (C) (GLDA.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 -6.35% return, which is significantly lower than GLDA.DE's -5.47% return.

UBUD.DE

• 1D: 8.06%
• 1M: 4.25%
• 6M: -12.33%
• YTD: -6.35%
• 1Y: 53.51%
• 3Y*: 48.60%
• 5Y*: 27.63%
• 10Y*: 12.13%
• ALL TIME*: 6.70%

GLDA.DE

• 1D: 0.00%
• 1M: -2.58%
• 6M: -15.18%
• YTD: -5.47%
• 1Y: 21.05%
• 3Y*: 26.12%
• 5Y*: 18.65%
• 10Y*: —
• ALL TIME*: 15.52%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GLDA.DE Amundi Physical Gold ETC (C)	€2.06M	€2.09M	€2.29M
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist	€784.79K	€910.22K	€1.57M

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist	-6.35%	144.78%	34.71%	5.73%	0.21%	-8.24%	15.80%	0.38%
GLDA.DE Amundi Physical Gold ETC (C)	-5.47%	48.99%	34.24%	9.40%	7.00%	3.88%	12.92%	6.37%

Correlation

The correlation between UBUD.DE and GLDA.DE is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (5Y) Shows whether the relationship held over a longer period.	0.72
Correlation (All Time) Calculated using the full available price history since Jul 22, 2019	0.71

The correlation between UBUD.DE and GLDA.DE shifts across timeframes, from 0.71 (all time) to 0.81 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

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

Compare historical risk-adjusted metric ranks over the past 12 months.

UBUD.DE

UBUD.DE Risk / Return Rank: 35
UBUD.DE Sharpe Ratio Rank: 38
UBUD.DE Sortino Ratio Rank: 37
UBUD.DE Omega Ratio Rank: 36
UBUD.DE Calmar Ratio Rank: 36
UBUD.DE Martin Ratio Rank: 30

GLDA.DE

GLDA.DE Risk / Return Rank: 28
GLDA.DE Sharpe Ratio Rank: 31
GLDA.DE Sortino Ratio Rank: 29
GLDA.DE Omega Ratio Rank: 32
GLDA.DE Calmar Ratio Rank: 26
GLDA.DE Martin Ratio Rank: 23

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UBUD.DE vs. GLDA.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 Amundi Physical Gold ETC (C) (GLDA.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	GLDA.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.08	0.85	+0.22
Sortino ratio: Return per unit of downside risk	1.59	1.24	+0.35
Omega ratio: Gain probability vs. loss probability	1.20	1.17	+0.03
Calmar ratio: Return relative to maximum drawdown	1.42	0.94	+0.48
Martin ratio: Return relative to average drawdown	3.00	1.96	+1.04

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

The current UBUD.DE Sharpe Ratio is 1.08, which is comparable to the GLDA.DE Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of UBUD.DE and GLDA.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. GLDA.DE - Drawdown Comparison

The maximum UBUD.DE drawdown since its inception was -71.17%, which is greater than GLDA.DE's maximum drawdown of -22.55%. Use the drawdown chart below to compare losses from any high point for UBUD.DE and GLDA.DE.

Drawdown Indicators

	UBUD.DE	GLDA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-71.17%	-22.55%	-48.62%
Max Drawdown (1Y) Largest decline over 1 year	-37.53%	-22.55%	-14.98%
Max Drawdown (3Y) Largest decline over 3 years	-37.53%	-22.55%	-14.98%
Max Drawdown (5Y) Largest decline over 5 years	-38.20%	-22.55%	-15.65%
Max Drawdown (10Y) Largest decline over 10 years	-49.83%	—	—
Current Drawdown Current decline from peak	-27.16%	-21.79%	-5.37%
Average Drawdown Average peak-to-trough decline	-37.22%	-6.14%	-31.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.77%	10.74%	+7.03%

Volatility

UBUD.DE vs. GLDA.DE - Volatility Comparison

UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) has a higher volatility of 15.32% compared to Amundi Physical Gold ETC (C) (GLDA.DE) at 5.98%. This indicates that UBUD.DE's price experiences larger fluctuations and is considered to be riskier than GLDA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UBUD.DE	GLDA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.32%	5.98%	+9.34%
Volatility (6M) Calculated over the trailing 6-month period	37.15%	18.06%	+19.09%
Volatility (1Y) Calculated over the trailing 1-year period	49.63%	24.75%	+24.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.83%	16.54%	+20.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.24%	16.13%	+21.11%

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

UBUD.DE has a 0.43% expense ratio, which is higher than GLDA.DE's 0.12% expense ratio.

Dividends

UBUD.DE vs. GLDA.DE - Dividend Comparison

UBUD.DE's dividend yield for the trailing twelve months is around 0.43%, while GLDA.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLDA.DE Amundi Physical Gold ETC (C)	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	0.43%	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 GLDA.DE in my portfolio?

UBUD.DE and GLDA.DE have a correlation of 0.81, 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 GLDA.DE?

On fees, GLDA.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

GLDA.DE is cheaper with a 0.12% expense ratio, compared with 0.43% for UBUD.DE.

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

UBUD.DE tracks Solactive Global Pure Gold Miners, while GLDA.DE tracks Gold. They also come from different issuers: UBS and Amundi. Their fees differ too: 0.43% for UBUD.DE and 0.12% for GLDA.DE.