AUCP.L vs. KGC

Last updated Jun 5, 2026

AUCP.L (L&G Gold Mining UCITS ETF) is Precious Metals fund tracking the STOXX Global Gold Miners, while KGC (Kinross Gold Corporation) is a stock. Over the past 10 years, AUCP.L returned 16.41%/yr vs 21.20%/yr for KGC. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

AUCP.L vs. KGC - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Gold Mining UCITS ETF (AUCP.L) and Kinross Gold Corporation (KGC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AUCP.L is traded in GBp, while KGC is traded in USD. To make them comparable, the KGC 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 -0.57% return, which is significantly lower than KGC's 2.24% return. Over the past 10 years, AUCP.L has underperformed KGC with an annualized return of 16.41%, while KGC has yielded a comparatively higher 21.20% annualized return.

AUCP.L

• 1D: 0.71%
• 1M: -0.45%
• YTD: -0.57%
• 6M: 4.66%
• 1Y: 65.77%
• 3Y*: 46.06%
• 5Y*: 23.58%
• 10Y*: 16.41%

KGC

• 1D: 1.53%
• 1M: 0.32%
• YTD: 2.24%
• 6M: 4.16%
• 1Y: 87.70%
• 3Y*: 78.33%
• 5Y*: 32.85%
• 10Y*: 21.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AUCP.L vs. KGC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AUCP.L L&G Gold Mining UCITS ETF	-0.57%	161.99%	20.20%	8.69%	-4.04%	-8.91%	17.60%	39.53%	-5.63%	0.57%
KGC Kinross Gold Corporation	2.24%	184.30%	58.35%	44.24%	-18.98%	-18.23%	51.46%	40.73%	-20.55%	26.89%

Correlation

The correlation between AUCP.L and KGC is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.60
Correlation (All Time) Calculated using the full available price history since Dec 15, 2008	0.51

Over the past year, AUCP.L and KGC have become more correlated (0.72) than their long-term average of 0.51, meaning their price movements have been converging.

Return for Risk

AUCP.L vs. KGC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AUCP.L

AUCP.L Risk / Return Rank: 41
AUCP.L Sharpe Ratio Rank: 43
AUCP.L Sortino Ratio Rank: 39
AUCP.L Omega Ratio Rank: 39
AUCP.L Calmar Ratio Rank: 46
AUCP.L Martin Ratio Rank: 37

KGC

KGC Risk / Return Rank: 81
KGC Sharpe Ratio Rank: 85
KGC Sortino Ratio Rank: 77
KGC Omega Ratio Rank: 79
KGC Calmar Ratio Rank: 82
KGC Martin Ratio Rank: 82

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.

AUCP.L vs. KGC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Gold Mining UCITS ETF (AUCP.L) and Kinross Gold Corporation (KGC). 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.

	AUCP.L	KGC	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.83	-0.34
Sortino ratio: Return per unit of downside risk	1.97	2.18	-0.22
Omega ratio: Gain probability vs. loss probability	1.25	1.30	-0.06
Calmar ratio: Return relative to maximum drawdown	2.21	3.14	-0.93
Martin ratio: Return relative to average drawdown	5.70	8.40	-2.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AUCP.L vs. KGC - Sharpe Ratio Comparison

The current AUCP.L Sharpe Ratio is 1.49, which is comparable to the KGC Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of AUCP.L and KGC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AUCP.L	KGC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	1.83	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.80	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.47	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.15	+0.11

Drawdowns

AUCP.L vs. KGC - Drawdown Comparison

The maximum AUCP.L drawdown since its inception was -77.57%, smaller than the maximum KGC drawdown of -93.33%. Use the drawdown chart below to compare losses from any high point for AUCP.L and KGC.

Drawdown Indicators

	AUCP.L	KGC	Difference
Max Drawdown Largest peak-to-trough decline	-77.57%	-93.33%	+15.76%
Max Drawdown (1Y) Largest decline over 1 year	-29.56%	-28.07%	-1.49%
Max Drawdown (3Y) Largest decline over 3 years	-29.56%	-28.07%	-1.49%
Max Drawdown (5Y) Largest decline over 5 years	-39.38%	-53.10%	+13.72%
Max Drawdown (10Y) Largest decline over 10 years	-45.72%	-65.14%	+19.42%
Current Drawdown Current decline from peak	-25.67%	-22.81%	-2.86%
Average Drawdown Average peak-to-trough decline	-35.74%	-56.20%	+20.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.51%	10.47%	+1.04%

Volatility

AUCP.L vs. KGC - Volatility Comparison

The current volatility for L&G Gold Mining UCITS ETF (AUCP.L) is 13.97%, while Kinross Gold Corporation (KGC) has a volatility of 14.76%. This indicates that AUCP.L experiences smaller price fluctuations and is considered to be less risky than KGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUCP.L	KGC	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.97%	14.76%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	34.06%	36.94%	-2.88%
Volatility (1Y) Calculated over the trailing 1-year period	43.95%	48.19%	-4.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.99%	41.28%	-5.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.66%	45.39%	-10.73%

Dividends

AUCP.L vs. KGC - Dividend Comparison

AUCP.L has not paid dividends to shareholders, while KGC's dividend yield for the trailing twelve months is around 0.51%.

Position	TTM	2025	2024	2023	2022	2021	2020
AUCP.L L&G Gold Mining UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KGC Kinross Gold Corporation	0.51%	0.44%	1.29%	1.98%	2.93%	2.69%	0.82%

Frequently Asked Questions

Can I hold both AUCP.L and KGC in my portfolio?

AUCP.L and KGC have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.