VVMX.DE vs. EZA
VVMX.DE (VanEck Rare Earth and Strategic Metals UCITS ETF A) and EZA (iShares MSCI South Africa ETF) are both exchange-traded funds - VVMX.DE is a Commodity Producers Equities fund tracking the MVIS Global Rare Earth/Strategic Metals, while EZA is a Emerging Markets Equities fund tracking the MSCI South Africa Index. Both are passively managed. Over the past 3 years, VVMX.DE returned 3.35%/yr vs 20.62%/yr for EZA. At a 0.40 correlation, their price movements are largely independent. Both charge a 0.59% expense ratio.
Performance
VVMX.DE vs. EZA - Performance Comparison
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Different Trading Currencies
VVMX.DE is traded in EUR, while EZA is traded in USD. To make them comparable, the EZA values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VVMX.DE achieves a 30.24% return, which is significantly higher than EZA's -1.31% return.
VVMX.DE
- 1D
- -1.82%
- 1M
- -9.18%
- YTD
- 30.24%
- 6M
- 37.51%
- 1Y
- 146.32%
- 3Y*
- 3.35%
- 5Y*
- —
- 10Y*
- —
EZA
- 1D
- 0.97%
- 1M
- -4.32%
- YTD
- -1.31%
- 6M
- 4.29%
- 1Y
- 30.53%
- 3Y*
- 20.62%
- 5Y*
- 10.51%
- 10Y*
- 7.78%
VVMX.DE vs. EZA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 30.24% | 68.45% | -30.81% | -21.17% | -26.46% | 16.96% |
EZA iShares MSCI South Africa ETF | -1.31% | 54.41% | 14.23% | -1.54% | 0.70% | 4.23% |
Correlation
The correlation between VVMX.DE and EZA is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.40 |
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Return for Risk
VVMX.DE vs. EZA — Risk / Return Rank
VVMX.DE
EZA
VVMX.DE vs. EZA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE) and iShares MSCI South Africa ETF (EZA). 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.
| VVMX.DE | EZA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.32 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.20 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 7.59 | 1.42 | +6.17 |
| Martin ratioReturn relative to average drawdown | 19.66 | 3.78 | +15.88 |
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Drawdowns
VVMX.DE vs. EZA - Drawdown Comparison
The maximum VVMX.DE drawdown since its inception was -73.26%, which is greater than EZA's maximum drawdown of -59.54%. Use the drawdown chart below to compare losses from any high point for VVMX.DE and EZA.
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Drawdown Indicators
| VVMX.DE | EZA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.26% | -59.54% | -13.72% |
Max Drawdown (1Y)Largest decline over 1 year | -20.40% | -21.63% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -61.55% | -21.63% | -39.92% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.33% | — |
Current DrawdownCurrent decline from peak | -25.51% | -16.25% | -9.26% |
Average DrawdownAverage peak-to-trough decline | -41.19% | -16.70% | -24.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.89% | 8.12% | -0.23% |
Volatility
VVMX.DE vs. EZA - Volatility Comparison
VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE) has a higher volatility of 12.59% compared to iShares MSCI South Africa ETF (EZA) at 10.31%. This indicates that VVMX.DE's price experiences larger fluctuations and is considered to be riskier than EZA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VVMX.DE | EZA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.59% | 10.31% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 32.22% | 24.82% | +7.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.13% | 29.45% | +16.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.36% | 26.15% | +10.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.36% | 29.61% | +6.75% |
VVMX.DE vs. EZA - Expense Ratio Comparison
Both VVMX.DE and EZA have an expense ratio of 0.59%.
Dividends
VVMX.DE vs. EZA - Dividend Comparison
VVMX.DE has not paid dividends to shareholders, while EZA's dividend yield for the trailing twelve months is around 6.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EZA iShares MSCI South Africa ETF | 6.34% | 6.16% | 7.26% | 2.84% | 3.90% | 2.05% | 5.51% | 12.27% | 3.81% | 1.55% | 4.10% | 3.03% |
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VVMX.DE and EZA have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.59% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VVMX.DE and EZA have the same expense ratio: 0.59% per year.
VVMX.DE is categorized as Commodity Producers Equities, while EZA is Emerging Markets Equities. VVMX.DE tracks MVIS Global Rare Earth/Strategic Metals, while EZA tracks MSCI South Africa Index. They also come from different issuers: VanEck and iShares.
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