AUCP.L vs. LDGG.L

Last updated Jul 18, 2026

AUCP.L (L&G Gold Mining UCITS ETF) and LDGG.L (L&G Global Quality Dividends UCITS ETF USD (Dist)) are both exchange-traded funds - AUCP.L is a Gold fund tracking the STOXX Global Gold Miners, while LDGG.L is a Global Equity Income fund tracking the FTSE Developed All Cap Dividend Growth with Quality Net Tax Index. Both are passively managed. At a 0.40 correlation, their price movements are largely independent. AUCP.L charges 0.55%/yr vs 0.31%/yr for LDGG.L.

Performance

AUCP.L vs. LDGG.L - Performance Comparison

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

Returns By Period

AUCP.L

• 1D: -1.76%
• 1M: -21.28%
• 6M: -26.20%
• YTD: -17.85%
• 1Y: 43.37%
• 3Y*: 37.36%
• 5Y*: 21.73%
• 10Y*: 11.39%

LDGG.L

• 1D: 0.00%
• 1M: -0.41%
• 6M: 9.49%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AUCP.L vs. LDGG.L - Yearly Performance Comparison

	2026 (YTD)
AUCP.L L&G Gold Mining UCITS ETF	-22.70%
LDGG.L L&G Global Quality Dividends UCITS ETF USD (Dist)	8,209.05%

Correlation

The correlation between AUCP.L and LDGG.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 12, 2026	0.40

Return for Risk

AUCP.L vs. LDGG.L — 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: 29
AUCP.L Sharpe Ratio Rank: 31
AUCP.L Sortino Ratio Rank: 32
AUCP.L Omega Ratio Rank: 30
AUCP.L Calmar Ratio Rank: 28
AUCP.L Martin Ratio Rank: 26

LDGG.L

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. LDGG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Gold Mining UCITS ETF (AUCP.L) and L&G Global Quality Dividends UCITS ETF USD (Dist) (LDGG.L). 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	LDGG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.91	—	—
Sortino ratio: Return per unit of downside risk	1.42	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	1.12	—	—
Martin ratio: Return relative to average drawdown	2.69	—	—

Drawdowns

AUCP.L vs. LDGG.L - Drawdown Comparison

The maximum AUCP.L drawdown since its inception was -81.66%, which is greater than LDGG.L's maximum drawdown of -8.51%. Use the drawdown chart below to compare losses from any high point for AUCP.L and LDGG.L.

Drawdown Indicators

	AUCP.L	LDGG.L	Difference
Max Drawdown Largest peak-to-trough decline	-81.66%	-8.51%	-73.15%
Max Drawdown (1Y) Largest decline over 1 year	-38.58%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-38.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.38%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.72%	—	—
Current Drawdown Current decline from peak	-38.58%	-0.92%	-37.66%
Average Drawdown Average peak-to-trough decline	-45.80%	-2.18%	-43.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.08%	—	—

Volatility

Volatility by Period

	AUCP.L	LDGG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.83%	—	—
Volatility (6M) Calculated over the trailing 6-month period	37.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	47.41%	10,319.52%	-10,272.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.59%	10,319.52%	-10,279.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.15%	10,319.52%	-10,283.37%

AUCP.L vs. LDGG.L - Expense Ratio Comparison

AUCP.L has a 0.55% expense ratio, which is higher than LDGG.L's 0.31% expense ratio.

Dividends

AUCP.L vs. LDGG.L - Dividend Comparison

AUCP.L has not paid dividends to shareholders, while LDGG.L's dividend yield for the trailing twelve months is around 1.94%.

Position	TTM
AUCP.L L&G Gold Mining UCITS ETF	0.00%
LDGG.L L&G Global Quality Dividends UCITS ETF USD (Dist)	1.94%

Frequently Asked Questions

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

AUCP.L and LDGG.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AUCP.L or LDGG.L?

On fees, LDGG.L is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AUCP.L or LDGG.L?

LDGG.L is cheaper with a 0.31% expense ratio, compared with 0.55% for AUCP.L.

What is the main difference between AUCP.L and LDGG.L?

AUCP.L is categorized as Gold, while LDGG.L is Global Equity Income. AUCP.L tracks STOXX Global Gold Miners, while LDGG.L tracks FTSE Developed All Cap Dividend Growth with Quality Net Tax Index. Their fees differ too: 0.55% for AUCP.L and 0.31% for LDGG.L.