UBUD.DE vs. IS0E.DE
UBUD.DE (UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist) and IS0E.DE (iShares Gold Producers UCITS ETF) are both Precious Metals funds - UBUD.DE tracks the Solactive Global Pure Gold Miners while IS0E.DE tracks the S&P Commodity Producers Gold. Both are passively managed. Over the past 10 years, UBUD.DE returned 14.59%/yr vs 13.92%/yr for IS0E.DE. Their correlation of 0.92 suggests significant overlap in exposure. UBUD.DE charges 0.43%/yr vs 0.55%/yr for IS0E.DE.
Performance
UBUD.DE vs. IS0E.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 IS0E.DE's -0.06% return. Both investments have delivered pretty close results over the past 10 years, with UBUD.DE having a 14.59% annualized return and IS0E.DE not far behind at 13.92%.
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%
IS0E.DE
- 1D
- 0.88%
- 1M
- 0.42%
- YTD
- -0.06%
- 6M
- 7.80%
- 1Y
- 59.37%
- 3Y*
- 38.14%
- 5Y*
- 19.77%
- 10Y*
- 13.92%
UBUD.DE vs. IS0E.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% |
IS0E.DE iShares Gold Producers UCITS ETF | -0.06% | 129.59% | 18.76% | 6.29% | -3.80% | -3.04% | 13.47% | 44.05% | -4.38% | -6.00% |
Correlation
The correlation between UBUD.DE and IS0E.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 | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2013 | 0.92 |
The correlation between UBUD.DE and IS0E.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
UBUD.DE vs. IS0E.DE — Risk / Return Rank
UBUD.DE
IS0E.DE
UBUD.DE vs. IS0E.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 iShares Gold Producers UCITS ETF (IS0E.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 | IS0E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.17 | -0.52 |
| Martin ratioReturn relative to average drawdown | 4.06 | 5.45 | -1.39 |
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 | IS0E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.24 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.58 | +0.09 |
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 | 0.18 | +0.09 |
Drawdowns
UBUD.DE vs. IS0E.DE - Drawdown Comparison
The maximum UBUD.DE drawdown since its inception was -57.79%, smaller than the maximum IS0E.DE drawdown of -71.63%. Use the drawdown chart below to compare losses from any high point for UBUD.DE and IS0E.DE.
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Drawdown Indicators
| UBUD.DE | IS0E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.79% | -71.63% | +13.84% |
Max Drawdown (1Y)Largest decline over 1 year | -28.94% | -27.26% | -1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -28.94% | -27.26% | -1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -38.21% | -38.03% | -0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -50.40% | -45.62% | -4.78% |
Current DrawdownCurrent decline from peak | -27.15% | -22.93% | -4.22% |
Average DrawdownAverage peak-to-trough decline | -28.07% | -33.74% | +5.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.75% | 10.85% | +0.90% |
Volatility
UBUD.DE vs. IS0E.DE - Volatility Comparison
UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) has a higher volatility of 13.71% compared to iShares Gold Producers UCITS ETF (IS0E.DE) at 12.84%. This indicates that UBUD.DE's price experiences larger fluctuations and is considered to be riskier than IS0E.DE 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 | IS0E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.71% | 12.84% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 35.92% | 33.62% | +2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.63% | 47.58% | -1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.68% | 33.83% | +1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.58% | 32.53% | +3.05% |
UBUD.DE vs. IS0E.DE - Expense Ratio Comparison
UBUD.DE has a 0.43% expense ratio, which is lower than IS0E.DE's 0.55% expense ratio.
Dividends
UBUD.DE vs. IS0E.DE - Dividend Comparison
UBUD.DE's dividend yield for the trailing twelve months is around 0.59%, while IS0E.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0E.DE iShares Gold Producers 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 IS0E.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 0.55% for IS0E.DE.
UBUD.DE tracks Solactive Global Pure Gold Miners, while IS0E.DE tracks S&P Commodity Producers Gold. They also come from different issuers: UBS and iShares. Their fees differ too: 0.43% for UBUD.DE and 0.55% for IS0E.DE.
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