VGPMX vs. GLTR

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Global Capital Cycles Fund (VGPMX) and Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR).

VGPMX is managed by Vanguard. It was launched on May 23, 1984. GLTR is a passively managed fund by Aberdeen that tracks the performance of the ETFS Physical Precious Metals Basket Index. It was launched on Oct 22, 2010.

Performance

VGPMX vs. GLTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Global Capital Cycles Fund (VGPMX) and Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR). The values are adjusted to include any dividend payments, if applicable.

VGPMX vs. GLTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGPMX Vanguard Global Capital Cycles Fund	4.53%	65.96%	5.78%	10.06%	7.34%	19.50%	17.21%	20.67%	-32.26%	13.75%
GLTR Aberdeen Standard Physical Precious Metals Basket Shares ETF	6.38%	87.25%	20.63%	2.01%	-0.25%	-9.60%	29.52%	20.96%	-2.85%	12.94%

Returns By Period

In the year-to-date period, VGPMX achieves a 4.53% return, which is significantly lower than GLTR's 6.38% return. Over the past 10 years, VGPMX has underperformed GLTR with an annualized return of 12.39%, while GLTR has yielded a comparatively higher 14.10% annualized return.

VGPMX

• 1D: -0.02%
• 1M: -10.69%
• YTD: 4.53%
• 6M: 17.55%
• 1Y: 57.21%
• 3Y*: 24.25%
• 5Y*: 19.13%
• 10Y*: 12.39%

GLTR

• 1D: 4.98%
• 1M: -14.74%
• YTD: 6.38%
• 6M: 32.20%
• 1Y: 68.93%
• 3Y*: 33.85%
• 5Y*: 18.37%
• 10Y*: 14.10%

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

VGPMX vs. GLTR - Expense Ratio Comparison

VGPMX has a 0.36% expense ratio, which is lower than GLTR's 0.60% expense ratio.

GLTR

Aberdeen Standard Physical Precious Metals Basket Shares ETF

VGPMX

Vanguard Global Capital Cycles Fund

Return for Risk

VGPMX vs. GLTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VGPMX

VGPMX Risk / Return Rank: 97
VGPMX Sharpe Ratio Rank: 98
VGPMX Sortino Ratio Rank: 96
VGPMX Omega Ratio Rank: 96
VGPMX Calmar Ratio Rank: 97
VGPMX Martin Ratio Rank: 97

GLTR

GLTR Risk / Return Rank: 85
GLTR Sharpe Ratio Rank: 89
GLTR Sortino Ratio Rank: 83
GLTR Omega Ratio Rank: 89
GLTR Calmar Ratio Rank: 85
GLTR Martin Ratio Rank: 80

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.

VGPMX vs. GLTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Capital Cycles Fund (VGPMX) and Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR). 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.

	VGPMX	GLTR	Difference
Sharpe ratio Return per unit of total volatility	2.94	1.87	+1.07
Sortino ratio Return per unit of downside risk	3.51	2.11	+1.40
Omega ratio Gain probability vs. loss probability	1.56	1.36	+0.20
Calmar ratio Return relative to maximum drawdown	4.24	2.38	+1.86
Martin ratio Return relative to average drawdown	17.59	8.28	+9.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGPMX vs. GLTR - Sharpe Ratio Comparison

The current VGPMX Sharpe Ratio is 2.94, which is higher than the GLTR Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of VGPMX and GLTR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VGPMX	GLTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.94	1.87	+1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.12	0.80	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.70	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.34	-0.09

Correlation

The correlation between VGPMX and GLTR is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

VGPMX vs. GLTR - Dividend Comparison

VGPMX's dividend yield for the trailing twelve months is around 3.73%, while GLTR has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VGPMX Vanguard Global Capital Cycles Fund	3.73%	2.59%	2.68%	3.22%	3.27%	3.26%	2.03%	2.39%	3.02%	0.02%	1.72%	2.32%
GLTR Aberdeen Standard Physical Precious Metals Basket Shares 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%

Drawdowns

VGPMX vs. GLTR - Drawdown Comparison

The maximum VGPMX drawdown since its inception was -78.85%, which is greater than GLTR's maximum drawdown of -55.70%. Use the drawdown chart below to compare losses from any high point for VGPMX and GLTR.

Drawdown Indicators

	VGPMX	GLTR	Difference
Max Drawdown Largest peak-to-trough decline	-78.85%	-55.70%	-23.15%
Max Drawdown (1Y) Largest decline over 1 year	-12.80%	-29.70%	+16.90%
Max Drawdown (5Y) Largest decline over 5 years	-22.71%	-29.70%	+6.99%
Max Drawdown (10Y) Largest decline over 10 years	-54.59%	-29.70%	-24.89%
Current Drawdown Current decline from peak	-10.73%	-23.32%	+12.59%
Average Drawdown Average peak-to-trough decline	-34.69%	-28.89%	-5.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	8.54%	-5.45%

Volatility

VGPMX vs. GLTR - Volatility Comparison

The current volatility for Vanguard Global Capital Cycles Fund (VGPMX) is 7.56%, while Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR) has a volatility of 13.48%. This indicates that VGPMX experiences smaller price fluctuations and is considered to be less risky than GLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGPMX	GLTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.56%	13.48%	-5.92%
Volatility (6M) Calculated over the trailing 6-month period	13.14%	35.75%	-22.61%
Volatility (1Y) Calculated over the trailing 1-year period	19.28%	37.11%	-17.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.15%	23.16%	-6.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.65%	20.28%	+1.37%