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L&G Gold Mining UCITS ETF (AUCO.L)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
IE00B3CNHG25
Issuer
L&G
Inception Date
Nov 6, 2008
Leveraged
1x (No leverage)
Index Tracked
STOXX Global Gold Miners Index
Domicile
Ireland
Distribution Policy
Accumulating
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Growth

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in L&G Gold Mining UCITS ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

L&G Gold Mining UCITS ETF (AUCO.L) has returned 4.32% so far this year and 106.49% over the past 12 months. Looking at the last ten years, AUCO.L has achieved an annualized return of 18.93%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.


L&G Gold Mining UCITS ETF

1D
3.65%
1M
-22.20%
YTD
4.32%
6M
21.32%
1Y
106.49%
3Y*
51.93%
5Y*
26.80%
10Y*
18.93%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Nov 12, 2008, AUCO.L's average daily return is +0.07%, while the average monthly return is +1.37%. At this rate, your investment would double in approximately 4.2 years.

Historically, 53% of months were positive and 47% were negative. The best month was Apr 2020 with a return of +37.9%, while the worst month was Mar 2026 at -22.2%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 9 months.

On a daily basis, AUCO.L closed higher 50% of trading days. The best single day was Nov 25, 2008 with a return of +24.5%, while the worst single day was Jul 7, 2010 at -15.7%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202613.41%18.22%-22.20%4.32%
202522.32%-2.66%19.57%9.39%2.06%2.55%-0.15%22.23%21.80%-4.40%16.95%4.01%181.83%
2024-8.78%-6.67%22.19%6.35%5.26%-1.56%11.22%4.25%2.05%2.17%-5.62%-9.82%17.96%
202311.51%-16.33%21.89%5.25%-8.21%-4.42%5.68%-8.68%-8.58%8.45%11.60%2.57%15.02%
2022-8.03%14.77%12.08%-10.29%-11.33%-16.39%-5.15%-8.03%2.26%-2.12%19.29%4.59%-14.29%
2021-4.24%-9.00%5.35%3.58%14.70%-16.15%3.01%-7.34%-7.06%7.55%1.56%1.39%-10.15%

Benchmark Metrics

L&G Gold Mining UCITS ETF has an annualized alpha of 14.37%, beta of 0.18, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since November 13, 2008.

  • This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (49.51%) than losses (48.94%) — typical of diversified or defensive assets.
  • Beta of 0.18 may look defensive, but with R² of 0.01 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R² of 0.01 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
14.37%
Beta
0.18
0.01
Upside Capture
49.51%
Downside Capture
48.94%

Expense Ratio

AUCO.L has an expense ratio of 0.55%, placing it in the medium range.


Return for Risk

Risk / Return Rank

AUCO.L ranks 90 for risk / return — in the top 90% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


AUCO.L Risk / Return Rank: 9090
Overall Rank
AUCO.L Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
AUCO.L Sortino Ratio Rank: 9090
Sortino Ratio Rank
AUCO.L Omega Ratio Rank: 8686
Omega Ratio Rank
AUCO.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
AUCO.L Martin Ratio Rank: 9090
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for L&G Gold Mining UCITS ETF (AUCO.L) and compare them to a chosen benchmark (S&P 500 Index).


AUCO.LBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

2.29

0.90

+1.39

Sortino ratio

Return per unit of downside risk

2.59

1.39

+1.21

Omega ratio

Gain probability vs. loss probability

1.35

1.21

+0.14

Calmar ratio

Return relative to maximum drawdown

3.35

1.40

+1.95

Martin ratio

Return relative to average drawdown

11.85

6.61

+5.24

Explore AUCO.L risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History


L&G Gold Mining UCITS ETF doesn't pay dividends

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 L&G Gold Mining UCITS ETF. 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 L&G Gold Mining UCITS ETF was 78.40%, occurring on Sep 11, 2015. Recovery took 2420 trading sessions.

The current L&G Gold Mining UCITS ETF drawdown is 22.20%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-78.4%Sep 9, 2011920Sep 11, 20152420Apr 10, 20253340
-30.56%Mar 2, 202615Mar 20, 2026
-26.14%Dec 3, 200928Feb 5, 201078Jul 6, 2010106
-21.28%Jun 2, 200916Jul 8, 200921Sep 7, 200937
-18.95%Feb 18, 200912Mar 10, 20097Mar 20, 200919

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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