UBUD.DE vs. YGLD.DE
UBUD.DE (UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist) and YGLD.DE (IncomeShares Gold + Yield ETP) are both exchange-traded funds - UBUD.DE is a Gold fund tracking the Solactive Global Pure Gold Miners, while YGLD.DE is a Derivative Income fund actively managed by Leverage Shares. UBUD.DE is passively managed, while YGLD.DE is actively managed. Over the past year, UBUD.DE returned 46.38% vs 13.12% for YGLD.DE. A 0.64 correlation means they provide meaningful diversification when combined. UBUD.DE charges 0.43%/yr vs 0.35%/yr for YGLD.DE.
Performance
UBUD.DE vs. YGLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UBUD.DE achieves a -14.85% return, which is significantly lower than YGLD.DE's -11.04% return.
UBUD.DE
- 1D
- 0.73%
- 1M
- -12.25%
- YTD
- -14.85%
- 6M
- -16.76%
- 1Y
- 46.38%
- 3Y*
- 42.38%
- 5Y*
- 24.27%
- 10Y*
- 12.56%
YGLD.DE
- 1D
- 0.00%
- 1M
- -6.80%
- YTD
- -11.04%
- 6M
- -12.14%
- 1Y
- 13.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UBUD.DE vs. YGLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist | -14.85% | 144.78% | -4.76% |
YGLD.DE IncomeShares Gold + Yield ETP | -11.04% | 41.94% | -7.11% |
Correlation
The correlation between UBUD.DE and YGLD.DE is 0.68, 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 | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2024 | 0.64 |
The correlation between UBUD.DE and YGLD.DE has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.
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Return for Risk
UBUD.DE vs. YGLD.DE — Risk / Return Rank
UBUD.DE
YGLD.DE
UBUD.DE vs. YGLD.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 IncomeShares Gold + Yield ETP (YGLD.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 | YGLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.14 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 0.62 | +0.64 |
| Martin ratioReturn relative to average drawdown | 3.39 | 1.35 | +2.03 |
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Drawdowns
UBUD.DE vs. YGLD.DE - Drawdown Comparison
The maximum UBUD.DE drawdown since its inception was -71.17%, which is greater than YGLD.DE's maximum drawdown of -21.11%. Use the drawdown chart below to compare losses from any high point for UBUD.DE and YGLD.DE.
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Drawdown Indicators
| UBUD.DE | YGLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.17% | -21.11% | -50.06% |
Max Drawdown (1Y)Largest decline over 1 year | -36.54% | -21.11% | -15.43% |
Max Drawdown (3Y)Largest decline over 3 years | -36.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.20% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -50.30% | — | — |
Current DrawdownCurrent decline from peak | -33.77% | -20.51% | -13.26% |
Average DrawdownAverage peak-to-trough decline | -37.26% | -6.04% | -31.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.66% | 9.70% | +3.96% |
Volatility
UBUD.DE vs. YGLD.DE - Volatility Comparison
UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) has a higher volatility of 17.53% compared to IncomeShares Gold + Yield ETP (YGLD.DE) at 6.70%. This indicates that UBUD.DE's price experiences larger fluctuations and is considered to be riskier than YGLD.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 | YGLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.53% | 6.70% | +10.83% |
Volatility (6M)Calculated over the trailing 6-month period | 38.27% | 18.31% | +19.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.35% | 30.24% | +17.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.17% | 26.52% | +9.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.05% | 26.52% | +10.53% |
UBUD.DE vs. YGLD.DE - Expense Ratio Comparison
UBUD.DE has a 0.43% expense ratio, which is higher than YGLD.DE's 0.35% expense ratio.
Dividends
UBUD.DE vs. YGLD.DE - Dividend Comparison
UBUD.DE's dividend yield for the trailing twelve months is around 0.76%, less than YGLD.DE's 6.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist | 0.76% | 0.44% | 0.61% | 1.13% | 1.20% | 1.38% | 0.50% | 0.47% | 0.56% | 0.54% | 0.47% | 1.53% |
YGLD.DE IncomeShares Gold + Yield ETP | 6.65% | 6.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UBUD.DE and YGLD.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, YGLD.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
YGLD.DE is cheaper with a 0.35% expense ratio, compared with 0.43% for UBUD.DE.
UBUD.DE is categorized as Gold, while YGLD.DE is Derivative Income. They also come from different issuers: UBS and Leverage Shares. Their fees differ too: 0.43% for UBUD.DE and 0.35% for YGLD.DE.
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