WMIN.DE vs. G2X.DE
WMIN.DE (VanEck S&P Global Mining UCITS ETF) and G2X.DE (VanEck Gold Miners UCITS ETF) are both exchange-traded funds - WMIN.DE is a Commodity Producers Equities fund tracking the S&P Global Mining Reduced Coal Index, while G2X.DE is a Gold fund tracking the NYSE Arca Gold Miners. Both are passively managed. Over the past 5 years, WMIN.DE returned 13.57%/yr vs 18.79%/yr for G2X.DE. A 0.68 correlation means they provide meaningful diversification when combined. WMIN.DE charges 0.50%/yr vs 0.53%/yr for G2X.DE.
Performance
WMIN.DE vs. G2X.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WMIN.DE achieves a 1.03% return, which is significantly higher than G2X.DE's -14.60% return.
WMIN.DE
- 1D
- -0.81%
- 1M
- -12.51%
- 6M
- -10.19%
- YTD
- 1.03%
- 1Y
- 56.11%
- 3Y*
- 21.06%
- 5Y*
- 13.57%
- 10Y*
- —
G2X.DE
- 1D
- -2.36%
- 1M
- -13.21%
- 6M
- -23.54%
- YTD
- -14.60%
- 1Y
- 47.98%
- 3Y*
- 32.20%
- 5Y*
- 18.79%
- 10Y*
- 10.00%
WMIN.DE vs. G2X.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WMIN.DE VanEck S&P Global Mining UCITS ETF | 1.03% | 71.98% | -2.56% | 0.55% | 10.07% | 17.35% | 19.27% | 27.28% | -25.60% |
G2X.DE VanEck Gold Miners UCITS ETF | -14.60% | 131.10% | 17.58% | 5.59% | -0.03% | -4.26% | 13.26% | 40.99% | -0.05% |
Correlation
The correlation between WMIN.DE and G2X.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2018 | 0.68 |
Over the past year, WMIN.DE and G2X.DE have become more correlated (0.93) than their long-term average of 0.68, meaning their price movements have been converging.
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Return for Risk
WMIN.DE vs. G2X.DE — Risk / Return Rank
WMIN.DE
G2X.DE
WMIN.DE vs. G2X.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck S&P Global Mining UCITS ETF (WMIN.DE) and VanEck Gold Miners UCITS ETF (G2X.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.
| WMIN.DE | G2X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.19 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 1.37 | +0.87 |
| Martin ratioReturn relative to average drawdown | 5.91 | 3.20 | +2.71 |
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Drawdowns
WMIN.DE vs. G2X.DE - Drawdown Comparison
The maximum WMIN.DE drawdown since its inception was -38.93%, smaller than the maximum G2X.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for WMIN.DE and G2X.DE.
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Drawdown Indicators
| WMIN.DE | G2X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.93% | -46.04% | +7.11% |
Max Drawdown (1Y)Largest decline over 1 year | -24.37% | -34.86% | +10.49% |
Max Drawdown (3Y)Largest decline over 3 years | -24.37% | -34.86% | +10.49% |
Max Drawdown (5Y)Largest decline over 5 years | -30.83% | -38.53% | +7.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.04% | — |
Current DrawdownCurrent decline from peak | -21.76% | -33.85% | +12.09% |
Average DrawdownAverage peak-to-trough decline | -13.43% | -20.03% | +6.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.26% | 14.95% | -5.69% |
Volatility
WMIN.DE vs. G2X.DE - Volatility Comparison
The current volatility for VanEck S&P Global Mining UCITS ETF (WMIN.DE) is 10.76%, while VanEck Gold Miners UCITS ETF (G2X.DE) has a volatility of 14.21%. This indicates that WMIN.DE experiences smaller price fluctuations and is considered to be less risky than G2X.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WMIN.DE | G2X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.76% | 14.21% | -3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 29.68% | 36.61% | -6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.38% | 45.42% | -10.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.40% | 33.93% | -6.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.38% | 32.51% | -4.13% |
WMIN.DE vs. G2X.DE - Expense Ratio Comparison
WMIN.DE has a 0.50% expense ratio, which is lower than G2X.DE's 0.53% expense ratio.
Dividends
WMIN.DE vs. G2X.DE - Dividend Comparison
Neither WMIN.DE nor G2X.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, WMIN.DE and G2X.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, WMIN.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WMIN.DE is cheaper with a 0.50% expense ratio, compared with 0.53% for G2X.DE.
WMIN.DE is categorized as Commodity Producers Equities, while G2X.DE is Gold. WMIN.DE tracks S&P Global Mining Reduced Coal Index, while G2X.DE tracks NYSE Arca Gold Miners. Their fees differ too: 0.50% for WMIN.DE and 0.53% for G2X.DE.
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