Gold mining

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

Gold mining

Currency in USD · Last updated May 23, 2025

Asset Allocation

Position	Category/Sector	Target Weight
AUCP.L L&G Gold Mining UCITS ETF	Precious Metals	14.29%
FRES.L Fresnillo plc	Basic Materials	14.29%
GGP.L Greatland Gold plc	Basic Materials	14.29%
HOC.L Hochschild Mining plc	Basic Materials	14.29%
KGC Kinross Gold Corporation	Basic Materials	14.29%
RGLD Royal Gold, Inc.	Basic Materials	14.29%
WPM Wheaton Precious Metals Corp.	Basic Materials	14.29%

Benchmark

S&P 500

Rebalance

Performance

Performance Chart

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The earliest data available for this chart is Dec 12, 2008, corresponding to the inception date of AUCP.L

Returns By Period

As of May 23, 2025, the Gold mining returned 65.55% Year-To-Date and 27.43% of annualized return in the last 10 years.

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	-1.34%	7.94%	-2.79%	10.16%	14.45%	10.68%
Gold mining	70.80%	5.36%	55.86%	79.36%	16.86%	28.30%
Portfolio components:
GGP.L Greatland Gold plc	131.39%	-0.66%	112.94%	98.10%	11.33%	54.95%
HOC.L Hochschild Mining plc	47.16%	7.76%	40.36%	80.83%	10.66%	13.11%
FRES.L Fresnillo plc	100.92%	17.46%	91.07%	103.74%	12.06%	5.06%
KGC Kinross Gold Corporation	59.11%	2.51%	44.76%	89.06%	18.16%	21.58%
RGLD Royal Gold, Inc.	37.80%	0.01%	21.94%	42.04%	6.96%	12.36%
WPM Wheaton Precious Metals Corp.	54.35%	6.24%	36.04%	57.10%	15.47%	18.09%
AUCP.L L&G Gold Mining UCITS ETF	61.39%	4.63%	42.89%	64.34%	11.94%	13.17%

*Annualized

Monthly Returns

The table below presents the monthly returns of Gold mining, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2025	10.18%	4.71%	27.03%	11.92%	4.13%								70.80%
2024	-9.96%	-11.26%	17.80%	8.23%	16.55%	-5.42%	8.17%	-0.29%	4.58%	7.06%	-3.98%	-7.81%	20.03%
2023	6.15%	-10.39%	15.88%	1.24%	-5.22%	-4.47%	4.13%	-1.90%	-8.27%	12.19%	15.51%	-0.58%	21.98%
2022	-12.92%	8.34%	9.39%	-7.37%	-9.29%	-12.91%	-0.10%	-16.74%	2.40%	-0.32%	20.00%	1.51%	-21.90%
2021	-6.65%	-6.92%	-1.62%	4.00%	11.50%	-16.32%	4.02%	-3.28%	-12.50%	8.91%	-3.02%	2.65%	-20.84%
2020	10.11%	-0.07%	-7.40%	43.41%	13.71%	6.39%	28.68%	-0.53%	-2.10%	-1.29%	-2.48%	10.23%	135.08%
2019	13.80%	-4.10%	2.67%	-9.01%	-2.43%	15.28%	2.34%	10.86%	-6.52%	2.93%	-7.87%	10.88%	27.88%
2018	-9.50%	-12.53%	4.36%	1.80%	0.10%	24.91%	-10.18%	-11.98%	-3.92%	-0.74%	5.71%	11.31%	-6.71%
2017	25.20%	-3.03%	4.14%	-2.32%	16.41%	2.73%	5.92%	1.57%	-6.26%	24.45%	4.49%	2.82%	99.19%
2016	-12.79%	42.02%	13.45%	69.01%	-10.16%	13.99%	14.07%	-12.15%	3.88%	-6.51%	-17.10%	-1.38%	93.55%
2015	11.29%	-6.37%	-16.28%	9.69%	1.06%	-5.03%	-16.30%	-9.97%	-3.89%	15.40%	-12.74%	3.40%	-30.74%
2014	8.74%	16.76%	-12.31%	-0.59%	-5.85%	13.70%	-1.34%	-1.58%	-18.85%	-18.90%	6.70%	-0.02%	-19.23%

Expense Ratio

Gold mining has an expense ratio of 0.09%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

AUCP.L

L&G Gold Mining UCITS ETF

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 95, Gold mining is among the top 5% of portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. 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.

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
GGP.L Greatland Gold plc	1.27	1.79	1.24	0.88	5.27
HOC.L Hochschild Mining plc	1.44	1.76	1.23	0.88	5.03
FRES.L Fresnillo plc	2.39	2.74	1.36	1.33	8.75
KGC Kinross Gold Corporation	2.02	2.36	1.32	1.28	13.02
RGLD Royal Gold, Inc.	1.48	1.98	1.28	2.79	7.50
WPM Wheaton Precious Metals Corp.	1.71	2.25	1.31	3.16	7.93
AUCP.L L&G Gold Mining UCITS ETF	1.54	2.21	1.29	1.66	6.87

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Gold mining Sharpe ratios as of May 23, 2025 (values are recalculated daily):

1-Year: 2.34
5-Year: 0.52
10-Year: 0.77
All Time: 0.53

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 0.47 to 0.99, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of Gold mining compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend yield

Gold mining provided a 0.74% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	0.74%	0.71%	0.92%	1.89%	1.37%	0.92%	0.88%	1.20%	0.74%	0.54%	0.56%	0.51%
Portfolio components:
GGP.L Greatland Gold plc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HOC.L Hochschild Mining plc	0.49%	0.00%	0.00%	5.05%	2.38%	2.56%	1.73%	1.90%	0.81%	0.50%	0.00%	0.00%
FRES.L Fresnillo plc	2.18%	1.35%	1.98%	2.44%	2.66%	1.00%	2.35%	3.49%	1.74%	0.74%	0.47%	0.91%
KGC Kinross Gold Corporation	0.82%	1.29%	1.98%	2.93%	2.07%	0.82%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RGLD Royal Gold, Inc.	0.94%	1.21%	1.24%	1.24%	1.14%	1.05%	0.87%	1.17%	1.17%	1.45%	1.81%	1.36%
WPM Wheaton Precious Metals Corp.	0.73%	1.10%	1.22%	1.54%	1.33%	1.01%	1.21%	1.84%	1.49%	1.09%	1.61%	1.28%
AUCP.L L&G Gold Mining UCITS 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

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Gold mining. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Gold mining was 81.81%, occurring on Jan 20, 2016. Recovery took 897 trading sessions.

The current Gold mining drawdown is 4.55%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-81.81%	Sep 9, 2011	1122	Jan 20, 2016	897	Jul 18, 2019	2019
-57.23%	Sep 21, 2020	521	Sep 26, 2022	610	Feb 10, 2025	1131
-38.6%	Feb 25, 2020	18	Mar 19, 2020	21	Apr 20, 2020	39
-23.41%	Dec 3, 2009	46	Feb 8, 2010	145	Sep 1, 2010	191
-21.7%	Jun 3, 2009	14	Jun 22, 2009	56	Sep 8, 2009	70

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 7 assets, with an effective number of assets of 7.00, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	^GSPC	GGP.L	HOC.L	FRES.L	RGLD	AUCP.L	KGC	WPM	Portfolio
^GSPC	1.00	0.08	0.20	0.21	0.21	0.12	0.20	0.26	0.24
GGP.L	0.08	1.00	0.12	0.12	0.06	0.12	0.11	0.10	0.50
HOC.L	0.20	0.12	1.00	0.61	0.31	0.52	0.34	0.38	0.63
FRES.L	0.21	0.12	0.61	1.00	0.39	0.63	0.41	0.46	0.68
RGLD	0.21	0.06	0.31	0.39	1.00	0.50	0.73	0.76	0.64
AUCP.L	0.12	0.12	0.52	0.63	0.50	1.00	0.54	0.55	0.68
KGC	0.20	0.11	0.34	0.41	0.73	0.54	1.00	0.77	0.69
WPM	0.26	0.10	0.38	0.46	0.76	0.55	0.77	1.00	0.71
Portfolio	0.24	0.50	0.63	0.68	0.64	0.68	0.69	0.71	1.00

The correlation results are calculated based on daily price changes starting from Dec 15, 2008

Performance Analysis

Risk Analysis

Optimization

Factor Model

Gold mining

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Expense Ratio

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

Risk-Adjusted Performance Indicators

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table

Performance Analysis

Risk Analysis

Optimization

Factor Model

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