AUCP.L vs. SXRM.DE
AUCP.L (L&G Gold Mining UCITS ETF) and SXRM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Acc)) are both exchange-traded funds - AUCP.L is a Precious Metals fund tracking the STOXX Global Gold Miners, while SXRM.DE is a Government Bonds fund tracking the ICE US Treasury 7-10 Year. Both are passively managed. Over the past 10 years, AUCP.L returned 15.25%/yr vs 1.19%/yr for SXRM.DE. At a 0.07 correlation, their price movements are largely independent. AUCP.L charges 0.55%/yr vs 0.07%/yr for SXRM.DE.
Performance
AUCP.L vs. SXRM.DE - Performance Comparison
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Different Trading Currencies
AUCP.L is traded in GBp, while SXRM.DE is traded in USD. To make them comparable, the SXRM.DE 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 SXRM.DE's -0.12% return. Over the past 10 years, AUCP.L has outperformed SXRM.DE with an annualized return of 15.25%, while SXRM.DE has yielded a comparatively lower 1.19% annualized 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%
SXRM.DE
- 1D
- 0.47%
- 1M
- 1.30%
- YTD
- -0.12%
- 6M
- -0.20%
- 1Y
- 5.39%
- 3Y*
- 0.88%
- 5Y*
- -0.04%
- 10Y*
- 1.19%
AUCP.L vs. SXRM.DE - 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% | 0.57% |
SXRM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) | -0.12% | 1.17% | 0.93% | -1.60% | -4.96% | -2.15% | 5.61% | 5.58% | 6.83% | -6.22% |
Correlation
The correlation between AUCP.L and SXRM.DE is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2009 | 0.07 |
The correlation between AUCP.L and SXRM.DE shifts across timeframes, from -0.06 (1 year) to 0.09 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
AUCP.L vs. SXRM.DE — Risk / Return Rank
AUCP.L
SXRM.DE
AUCP.L vs. SXRM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Gold Mining UCITS ETF (AUCP.L) and iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) (SXRM.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.
| AUCP.L | SXRM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.14 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 0.91 | +0.61 |
| Martin ratioReturn relative to average drawdown | 4.30 | 2.24 | +2.06 |
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Drawdowns
AUCP.L vs. SXRM.DE - Drawdown Comparison
The maximum AUCP.L drawdown since its inception was -81.66%, which is greater than SXRM.DE's maximum drawdown of -26.38%. Use the drawdown chart below to compare losses from any high point for AUCP.L and SXRM.DE.
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Drawdown Indicators
| AUCP.L | SXRM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.66% | -26.38% | -55.28% |
Max Drawdown (1Y)Largest decline over 1 year | -35.61% | -5.93% | -29.68% |
Max Drawdown (3Y)Largest decline over 3 years | -35.61% | -8.02% | -27.59% |
Max Drawdown (5Y)Largest decline over 5 years | -39.38% | -16.96% | -22.42% |
Max Drawdown (10Y)Largest decline over 10 years | -45.72% | -26.38% | -19.34% |
Current DrawdownCurrent decline from peak | -30.97% | -20.87% | -10.10% |
Average DrawdownAverage peak-to-trough decline | -45.88% | -11.26% | -34.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.55% | 2.40% | +10.15% |
Volatility
AUCP.L vs. SXRM.DE - Volatility Comparison
L&G Gold Mining UCITS ETF (AUCP.L) has a higher volatility of 14.66% compared to iShares USD Treasury Bond 7-10yr UCITS ETF (Acc) (SXRM.DE) at 1.57%. This indicates that AUCP.L's price experiences larger fluctuations and is considered to be riskier than SXRM.DE 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 | SXRM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.66% | 1.57% | +13.09% |
Volatility (6M)Calculated over the trailing 6-month period | 35.37% | 5.34% | +30.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.10% | 6.81% | +38.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.96% | 9.72% | +29.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.19% | 10.77% | +25.42% |
AUCP.L vs. SXRM.DE - Expense Ratio Comparison
AUCP.L has a 0.55% expense ratio, which is higher than SXRM.DE's 0.07% expense ratio.
Dividends
AUCP.L vs. SXRM.DE - Dividend Comparison
Neither AUCP.L nor SXRM.DE has paid dividends to shareholders.
Frequently Asked Questions
AUCP.L and SXRM.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRM.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRM.DE is cheaper with a 0.07% expense ratio, compared with 0.55% for AUCP.L.
AUCP.L is categorized as Precious Metals, while SXRM.DE is Government Bonds. AUCP.L tracks STOXX Global Gold Miners, while SXRM.DE tracks ICE US Treasury 7-10 Year. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.55% for AUCP.L and 0.07% for SXRM.DE.
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