4COP.DE vs. ETLX.DE
4COP.DE (Global X Copper Miners UCITS ETF USD Accumulating) and ETLX.DE (L&G Gold Mining UCITS ETF) are both exchange-traded funds - 4COP.DE is a Copper fund tracking the Solactive Global Copper Miners v2 Index, while ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners. Both are passively managed. Over the past 3 years, 4COP.DE returned 24.85%/yr vs 37.92%/yr for ETLX.DE. A 0.57 correlation means they provide meaningful diversification when combined. 4COP.DE charges 0.55%/yr vs 0.65%/yr for ETLX.DE.
Performance
4COP.DE vs. ETLX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4COP.DE achieves a 3.65% return, which is significantly higher than ETLX.DE's -17.69% return.
4COP.DE
- 1D
- -3.07%
- 1M
- -14.14%
- 6M
- -7.51%
- YTD
- 3.65%
- 1Y
- 73.88%
- 3Y*
- 24.85%
- 5Y*
- —
- 10Y*
- —
ETLX.DE
- 1D
- -1.41%
- 1M
- -14.44%
- 6M
- -25.07%
- YTD
- -17.69%
- 1Y
- 45.65%
- 3Y*
- 37.92%
- 5Y*
- 22.00%
- 10Y*
- 11.24%
4COP.DE vs. ETLX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
4COP.DE Global X Copper Miners UCITS ETF USD Accumulating | 3.65% | 73.65% | 9.36% | 4.93% | 6.75% | 1.24% |
ETLX.DE L&G Gold Mining UCITS ETF | -17.69% | 152.51% | 27.45% | 11.01% | -7.07% | -1.52% |
Correlation
The correlation between 4COP.DE and ETLX.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2021 | 0.57 |
The correlation between 4COP.DE and ETLX.DE shifts across timeframes, from 0.57 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
4COP.DE vs. ETLX.DE — Risk / Return Rank
4COP.DE
ETLX.DE
4COP.DE vs. ETLX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE) and L&G Gold Mining UCITS ETF (ETLX.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.
| 4COP.DE | ETLX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.18 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 1.25 | +1.57 |
| Martin ratioReturn relative to average drawdown | 7.53 | 2.92 | +4.60 |
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Drawdowns
4COP.DE vs. ETLX.DE - Drawdown Comparison
The maximum 4COP.DE drawdown since its inception was -39.13%, smaller than the maximum ETLX.DE drawdown of -73.44%. Use the drawdown chart below to compare losses from any high point for 4COP.DE and ETLX.DE.
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Drawdown Indicators
| 4COP.DE | ETLX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.13% | -73.44% | +34.31% |
Max Drawdown (1Y)Largest decline over 1 year | -26.21% | -36.57% | +10.36% |
Max Drawdown (3Y)Largest decline over 3 years | -39.13% | -36.57% | -2.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.06% | — |
Current DrawdownCurrent decline from peak | -21.29% | -36.57% | +15.28% |
Average DrawdownAverage peak-to-trough decline | -14.67% | -34.38% | +19.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.85% | 15.71% | -5.86% |
Volatility
4COP.DE vs. ETLX.DE - Volatility Comparison
The current volatility for Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE) is 12.75%, while L&G Gold Mining UCITS ETF (ETLX.DE) has a volatility of 13.74%. This indicates that 4COP.DE experiences smaller price fluctuations and is considered to be less risky than ETLX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 4COP.DE | ETLX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.75% | 13.74% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 35.70% | 37.76% | -2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.04% | 48.26% | -6.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.60% | 36.80% | -3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.60% | 34.09% | -0.49% |
4COP.DE vs. ETLX.DE - Expense Ratio Comparison
4COP.DE has a 0.55% expense ratio, which is lower than ETLX.DE's 0.65% expense ratio.
Dividends
4COP.DE vs. ETLX.DE - Dividend Comparison
Neither 4COP.DE nor ETLX.DE has paid dividends to shareholders.
Frequently Asked Questions
4COP.DE and ETLX.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4COP.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4COP.DE is cheaper with a 0.55% expense ratio, compared with 0.65% for ETLX.DE.
4COP.DE is categorized as Copper, while ETLX.DE is Gold. 4COP.DE tracks Solactive Global Copper Miners v2 Index, while ETLX.DE tracks DAXglobal® Gold Miners. They also come from different issuers: Global X and Legal & General. Their fees differ too: 0.55% for 4COP.DE and 0.65% for ETLX.DE.
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