AUCP.L vs. LDUK.L

Last updated Jun 5, 2026

AUCP.L (L&G Gold Mining UCITS ETF) and LDUK.L (L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF) are both exchange-traded funds - AUCP.L is a Precious Metals fund tracking the STOXX Global Gold Miners, while LDUK.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 5 years, AUCP.L returned 23.58%/yr vs 9.34%/yr for LDUK.L. At a 0.22 correlation, their price movements are largely independent. AUCP.L charges 0.55%/yr vs 0.25%/yr for LDUK.L.

Performance

AUCP.L vs. LDUK.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 Quality Equity Dividends ESG Exclusions UK UCITS ETF (LDUK.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AUCP.L achieves a -0.57% return, which is significantly lower than LDUK.L's 3.01% return.

AUCP.L

• 1D: 0.71%
• 1M: -6.20%
• YTD: -0.57%
• 6M: 4.32%
• 1Y: 64.93%
• 3Y*: 46.06%
• 5Y*: 23.58%
• 10Y*: 16.41%

LDUK.L

• 1D: 0.72%
• 1M: 2.00%
• YTD: 3.01%
• 6M: 6.82%
• 1Y: 12.69%
• 3Y*: 16.70%
• 5Y*: 9.34%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
AUCP.L L&G Gold Mining UCITS ETF	-0.57%	161.99%	20.20%	8.69%	-4.04%	-7.57%
LDUK.L L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF	3.01%	22.62%	16.13%	8.22%	-3.33%	6.07%

Correlation

The correlation between AUCP.L and LDUK.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Apr 21, 2021	0.22

The correlation between AUCP.L and LDUK.L shifts across timeframes, from 0.15 (1 year) to 0.26 (3 years), reflecting how their relationship changes across market environments.

AUCP.L vs. LDUK.L - Sectors Allocation Comparison

Sectors	AUCP.L	LDUK.L
Basic Materials	100.0%	6.8%
Communication Services	-	1.1%
Consumer Cyclical	-	5.0%
Consumer Defensive	-	11.3%
Energy	-	-
Financial Services	-	60.4%
Healthcare	-	-
Industrials	-	14.3%
Real Estate	-	-
Technology	-	0.1%
Utilities	-	1.0%

Return for Risk

AUCP.L vs. LDUK.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: 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

LDUK.L

LDUK.L Risk / Return Rank: 26
LDUK.L Sharpe Ratio Rank: 25
LDUK.L Sortino Ratio Rank: 26
LDUK.L Omega Ratio Rank: 25
LDUK.L Calmar Ratio Rank: 24
LDUK.L Martin Ratio Rank: 29

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. LDUK.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 Quality Equity Dividends ESG Exclusions UK UCITS ETF (LDUK.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.

	AUCP.L	LDUK.L	Difference
Sharpe ratio: Return per unit of total volatility	1.49	0.87	+0.62
Sortino ratio: Return per unit of downside risk	1.97	1.37	+0.59
Omega ratio: Gain probability vs. loss probability	1.25	1.16	+0.09
Calmar ratio: Return relative to maximum drawdown	2.21	1.11	+1.10
Martin ratio: Return relative to average drawdown	5.70	4.06	+1.64
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. LDUK.L - Sharpe Ratio Comparison

The current AUCP.L Sharpe Ratio is 1.49, which is higher than the LDUK.L Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of AUCP.L and LDUK.L, 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	LDUK.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	0.87	+0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.69	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.76	-0.49

Drawdowns

AUCP.L vs. LDUK.L - Drawdown Comparison

The maximum AUCP.L drawdown since its inception was -77.57%, which is greater than LDUK.L's maximum drawdown of -17.13%. Use the drawdown chart below to compare losses from any high point for AUCP.L and LDUK.L.

Drawdown Indicators

	AUCP.L	LDUK.L	Difference
Max Drawdown Largest peak-to-trough decline	-77.57%	-17.13%	-60.44%
Max Drawdown (1Y) Largest decline over 1 year	-29.56%	-11.51%	-18.05%
Max Drawdown (3Y) Largest decline over 3 years	-29.56%	-13.46%	-16.10%
Max Drawdown (5Y) Largest decline over 5 years	-39.38%	-17.13%	-22.25%
Max Drawdown (10Y) Largest decline over 10 years	-45.72%	—	—
Current Drawdown Current decline from peak	-25.67%	-1.80%	-23.87%
Average Drawdown Average peak-to-trough decline	-35.74%	-3.66%	-32.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.51%	3.15%	+8.36%

Volatility

AUCP.L vs. LDUK.L - Volatility Comparison

L&G Gold Mining UCITS ETF (AUCP.L) has a higher volatility of 13.97% compared to L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF (LDUK.L) at 4.63%. This indicates that AUCP.L's price experiences larger fluctuations and is considered to be riskier than LDUK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUCP.L	LDUK.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.97%	4.63%	+9.34%
Volatility (6M) Calculated over the trailing 6-month period	34.06%	12.32%	+21.74%
Volatility (1Y) Calculated over the trailing 1-year period	43.95%	14.67%	+29.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.99%	15.61%	+20.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.66%	15.64%	+19.02%

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

AUCP.L has a 0.55% expense ratio, which is higher than LDUK.L's 0.25% expense ratio.

Dividends

AUCP.L vs. LDUK.L - Dividend Comparison

AUCP.L has not paid dividends to shareholders, while LDUK.L's dividend yield for the trailing twelve months is around 4.79%.

Position	TTM	2025	2024	2023	2022	2021
AUCP.L L&G Gold Mining UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LDUK.L L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF	4.79%	4.87%	4.43%	5.14%	5.87%	4.41%

Frequently Asked Questions

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

AUCP.L and LDUK.L have a correlation of 0.15, 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 LDUK.L?

On fees, LDUK.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

LDUK.L is cheaper with a 0.25% expense ratio, compared with 0.55% for AUCP.L.

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

AUCP.L is categorized as Precious Metals, while LDUK.L is Europe Equities. AUCP.L tracks STOXX Global Gold Miners, while LDUK.L tracks FTSE AllSh TR GBP. Their fees differ too: 0.55% for AUCP.L and 0.25% for LDUK.L.