AUCP.L vs. GIGB
AUCP.L (L&G Gold Mining UCITS ETF) and GIGB (Goldman Sachs Access Investment Grade Corporate Bond ETF) are both exchange-traded funds - AUCP.L is a Precious Metals fund tracking the STOXX Global Gold Miners, while GIGB is a Corporate Bonds fund tracking the FTSE Goldman Sachs Investment Grade Corporate Bond Index. Both are passively managed. Over the past 5 years, AUCP.L returned 22.06%/yr vs 1.35%/yr for GIGB. At a 0.04 correlation, their price movements are largely independent. AUCP.L charges 0.55%/yr vs 0.14%/yr for GIGB.
Performance
AUCP.L vs. GIGB - Performance Comparison
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Different Trading Currencies
AUCP.L is traded in GBp, while GIGB is traded in USD. To make them comparable, the GIGB values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, AUCP.L achieves a -7.67% return, which is significantly lower than GIGB's 1.51% return.
AUCP.L
- 1D
- 5.97%
- 1M
- -15.23%
- YTD
- -7.67%
- 6M
- -6.42%
- 1Y
- 50.86%
- 3Y*
- 44.14%
- 5Y*
- 22.06%
- 10Y*
- 15.25%
GIGB
- 1D
- 0.07%
- 1M
- 0.68%
- YTD
- 1.51%
- 6M
- 1.14%
- 1Y
- 7.12%
- 3Y*
- 3.27%
- 5Y*
- 1.35%
- 10Y*
- —
AUCP.L vs. GIGB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AUCP.L L&G Gold Mining UCITS ETF | -7.67% | 161.99% | 20.20% | 8.69% | -4.04% | -8.91% | 17.60% | 39.53% | -5.63% | -6.14% |
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF | 1.51% | -0.09% | 3.46% | 3.36% | -5.79% | -0.71% | 6.63% | 10.67% | 3.01% | -3.36% |
Correlation
The correlation between AUCP.L and GIGB is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2017 | 0.04 |
The correlation between AUCP.L and GIGB shifts across timeframes, from -0.11 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AUCP.L vs. GIGB — Risk / Return Rank
AUCP.L
GIGB
AUCP.L vs. GIGB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Gold Mining UCITS ETF (AUCP.L) and Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB). 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.
| AUCP.L | GIGB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 1.37 | +0.15 |
| Martin ratioReturn relative to average drawdown | 4.30 | 3.55 | +0.75 |
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Drawdowns
AUCP.L vs. GIGB - Drawdown Comparison
The maximum AUCP.L drawdown since its inception was -81.66%, which is greater than GIGB's maximum drawdown of -16.48%. Use the drawdown chart below to compare losses from any high point for AUCP.L and GIGB.
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Drawdown Indicators
| AUCP.L | GIGB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.66% | -16.48% | -65.18% |
Max Drawdown (1Y)Largest decline over 1 year | -35.61% | -5.10% | -30.51% |
Max Drawdown (3Y)Largest decline over 3 years | -35.61% | -9.01% | -26.60% |
Max Drawdown (5Y)Largest decline over 5 years | -39.38% | -12.80% | -26.58% |
Max Drawdown (10Y)Largest decline over 10 years | -45.72% | — | — |
Current DrawdownCurrent decline from peak | -30.97% | -5.34% | -25.63% |
Average DrawdownAverage peak-to-trough decline | -45.88% | -7.41% | -38.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.55% | 1.96% | +10.59% |
Volatility
AUCP.L vs. GIGB - Volatility Comparison
L&G Gold Mining UCITS ETF (AUCP.L) has a higher volatility of 14.66% compared to Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) at 1.45%. This indicates that AUCP.L's price experiences larger fluctuations and is considered to be riskier than GIGB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AUCP.L | GIGB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.66% | 1.45% | +13.21% |
Volatility (6M)Calculated over the trailing 6-month period | 35.37% | 4.77% | +30.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.10% | 6.23% | +38.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.96% | 8.97% | +29.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.19% | 9.92% | +26.27% |
AUCP.L vs. GIGB - Expense Ratio Comparison
AUCP.L has a 0.55% expense ratio, which is higher than GIGB's 0.14% expense ratio.
Dividends
AUCP.L vs. GIGB - Dividend Comparison
AUCP.L has not paid dividends to shareholders, while GIGB's dividend yield for the trailing twelve months is around 4.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
GIGB Goldman Sachs Access Investment Grade Corporate Bond ETF | 4.60% | 4.69% | 4.45% | 3.67% | 3.12% | 2.25% | 2.62% | 3.22% | 3.31% | 1.55% |
Frequently Asked Questions
AUCP.L and GIGB have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GIGB is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GIGB is cheaper with a 0.14% expense ratio, compared with 0.55% for AUCP.L.
AUCP.L is categorized as Precious Metals, while GIGB is Corporate Bonds. AUCP.L tracks STOXX Global Gold Miners, while GIGB tracks FTSE Goldman Sachs Investment Grade Corporate Bond Index. They also come from different issuers: Legal & General and Goldman Sachs. Their fees differ too: 0.55% for AUCP.L and 0.14% for GIGB.
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