VVMX.DE vs. SPGP.L
VVMX.DE (VanEck Rare Earth and Strategic Metals UCITS ETF A) and SPGP.L (iShares Gold Producers UCITS ETF) are both exchange-traded funds - VVMX.DE is a Commodity Producers Equities fund tracking the MVIS Global Rare Earth/Strategic Metals, while SPGP.L is a Precious Metals fund tracking the EMIX Global Mining Global Gold TR USD. Both are passively managed. Over the past 3 years, VVMX.DE returned 3.35%/yr vs 35.96%/yr for SPGP.L. At a 0.37 correlation, their price movements are largely independent. VVMX.DE charges 0.59%/yr vs 0.55%/yr for SPGP.L.
Performance
VVMX.DE vs. SPGP.L - Performance Comparison
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Different Trading Currencies
VVMX.DE is traded in EUR, while SPGP.L is traded in GBp. To make them comparable, the SPGP.L 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 SPGP.L's -4.78% return.
VVMX.DE
- 1D
- -1.82%
- 1M
- -9.18%
- YTD
- 30.24%
- 6M
- 37.51%
- 1Y
- 146.32%
- 3Y*
- 3.35%
- 5Y*
- —
- 10Y*
- —
SPGP.L
- 1D
- 5.41%
- 1M
- -15.79%
- YTD
- -4.78%
- 6M
- -3.26%
- 1Y
- 50.06%
- 3Y*
- 35.96%
- 5Y*
- 18.31%
- 10Y*
- 12.85%
VVMX.DE vs. SPGP.L - 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% |
SPGP.L iShares Gold Producers UCITS ETF | -4.78% | 125.03% | 18.26% | 5.91% | -5.58% | 13.90% |
Correlation
The correlation between VVMX.DE and SPGP.L is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2021 | 0.37 |
The correlation between VVMX.DE and SPGP.L shifts across timeframes, from 0.37 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VVMX.DE vs. SPGP.L — Risk / Return Rank
VVMX.DE
SPGP.L
VVMX.DE vs. SPGP.L - 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 Gold Producers UCITS ETF (SPGP.L). 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 | SPGP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.22 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 7.59 | 1.53 | +6.06 |
| Martin ratioReturn relative to average drawdown | 19.66 | 4.33 | +15.33 |
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Drawdowns
VVMX.DE vs. SPGP.L - Drawdown Comparison
The maximum VVMX.DE drawdown since its inception was -73.26%, smaller than the maximum SPGP.L drawdown of -84.03%. Use the drawdown chart below to compare losses from any high point for VVMX.DE and SPGP.L.
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Drawdown Indicators
| VVMX.DE | SPGP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.26% | -84.03% | +10.77% |
Max Drawdown (1Y)Largest decline over 1 year | -20.40% | -32.60% | +12.20% |
Max Drawdown (3Y)Largest decline over 3 years | -61.55% | -32.60% | -28.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.65% | — |
Current DrawdownCurrent decline from peak | -25.51% | -28.36% | +2.85% |
Average DrawdownAverage peak-to-trough decline | -41.19% | -59.22% | +18.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.89% | 11.50% | -3.61% |
Volatility
VVMX.DE vs. SPGP.L - Volatility Comparison
VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE) and iShares Gold Producers UCITS ETF (SPGP.L) have volatilities of 12.59% and 13.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VVMX.DE | SPGP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.59% | 13.20% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 32.22% | 33.60% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.13% | 41.48% | +4.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.36% | 35.46% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.36% | 33.89% | +2.47% |
VVMX.DE vs. SPGP.L - Expense Ratio Comparison
VVMX.DE has a 0.59% expense ratio, which is higher than SPGP.L's 0.55% expense ratio.
Dividends
VVMX.DE vs. SPGP.L - Dividend Comparison
Neither VVMX.DE nor SPGP.L has paid dividends to shareholders.
Frequently Asked Questions
VVMX.DE and SPGP.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPGP.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPGP.L is cheaper with a 0.55% expense ratio, compared with 0.59% for VVMX.DE.
VVMX.DE is categorized as Commodity Producers Equities, while SPGP.L is Precious Metals. VVMX.DE tracks MVIS Global Rare Earth/Strategic Metals, while SPGP.L tracks EMIX Global Mining Global Gold TR USD. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.59% for VVMX.DE and 0.55% for SPGP.L.
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