DBXD.DE vs. ETLX.DE
DBXD.DE (Xtrackers DAX UCITS ETF 1C) and ETLX.DE (L&G Gold Mining UCITS ETF) are both exchange-traded funds - DBXD.DE is a Europe Equities fund tracking the DAX®, while ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners. Both are passively managed. Over the past 10 years, DBXD.DE returned 9.03%/yr vs 11.24%/yr for ETLX.DE. At a 0.15 correlation, their price movements are largely independent. DBXD.DE charges 0.09%/yr vs 0.65%/yr for ETLX.DE.
Performance
DBXD.DE vs. ETLX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXD.DE achieves a 0.89% return, which is significantly higher than ETLX.DE's -17.69% return. Over the past 10 years, DBXD.DE has underperformed ETLX.DE with an annualized return of 9.03%, while ETLX.DE has yielded a comparatively higher 11.24% annualized return.
DBXD.DE
- 1D
- -0.34%
- 1M
- -0.73%
- 6M
- -2.21%
- YTD
- 0.89%
- 1Y
- 1.76%
- 3Y*
- 14.95%
- 5Y*
- 9.27%
- 10Y*
- 9.03%
ETLX.DE
- 1D
- -1.41%
- 1M
- -14.44%
- 6M
- -25.07%
- YTD
- -17.69%
- 1Y
- 45.65%
- 3Y*
- 37.92%
- 5Y*
- 22.00%
- 10Y*
- 11.24%
DBXD.DE vs. ETLX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXD.DE Xtrackers DAX UCITS ETF 1C | 0.89% | 22.65% | 18.18% | 19.60% | -12.74% | 15.26% | 3.11% | 24.69% | -18.52% | 12.12% |
ETLX.DE L&G Gold Mining UCITS ETF | -17.69% | 152.51% | 27.45% | 11.01% | -7.07% | -3.33% | 12.25% | 42.55% | -5.79% | -3.18% |
Correlation
The correlation between DBXD.DE and ETLX.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2009 | 0.15 |
Over the past year, DBXD.DE and ETLX.DE have become more correlated (0.47) than their long-term average of 0.15, meaning their price movements have been converging.
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Return for Risk
DBXD.DE vs. ETLX.DE — Risk / Return Rank
DBXD.DE
ETLX.DE
DBXD.DE vs. ETLX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers DAX UCITS ETF 1C (DBXD.DE) and L&G Gold Mining UCITS ETF (ETLX.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.
| DBXD.DE | ETLX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.18 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 1.25 | -1.14 |
| Martin ratioReturn relative to average drawdown | 0.36 | 2.92 | -2.56 |
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Drawdowns
DBXD.DE vs. ETLX.DE - Drawdown Comparison
The maximum DBXD.DE drawdown since its inception was -54.83%, smaller than the maximum ETLX.DE drawdown of -73.44%. Use the drawdown chart below to compare losses from any high point for DBXD.DE and ETLX.DE.
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Drawdown Indicators
| DBXD.DE | ETLX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.83% | -73.44% | +18.61% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -36.57% | +24.25% |
Max Drawdown (3Y)Largest decline over 3 years | -15.92% | -36.57% | +20.65% |
Max Drawdown (5Y)Largest decline over 5 years | -26.70% | -42.01% | +15.31% |
Max Drawdown (10Y)Largest decline over 10 years | -38.83% | -47.06% | +8.23% |
Current DrawdownCurrent decline from peak | -3.84% | -36.57% | +32.73% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -34.38% | +23.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 15.71% | -11.76% |
Volatility
DBXD.DE vs. ETLX.DE - Volatility Comparison
The current volatility for Xtrackers DAX UCITS ETF 1C (DBXD.DE) is 4.65%, while L&G Gold Mining UCITS ETF (ETLX.DE) has a volatility of 13.74%. This indicates that DBXD.DE experiences smaller price fluctuations and is considered to be less risky than ETLX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBXD.DE | ETLX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 13.74% | -9.09% |
Volatility (6M)Calculated over the trailing 6-month period | 13.55% | 37.76% | -24.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.28% | 48.26% | -31.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 36.80% | -19.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 34.09% | -16.00% |
DBXD.DE vs. ETLX.DE - Expense Ratio Comparison
DBXD.DE has a 0.09% expense ratio, which is lower than ETLX.DE's 0.65% expense ratio.
Dividends
DBXD.DE vs. ETLX.DE - Dividend Comparison
Neither DBXD.DE nor ETLX.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXD.DE and ETLX.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXD.DE is cheaper with a 0.09% expense ratio, compared with 0.65% for ETLX.DE.
DBXD.DE is categorized as Europe Equities, while ETLX.DE is Gold. DBXD.DE tracks DAX®, while ETLX.DE tracks DAXglobal® Gold Miners. They also come from different issuers: Xtrackers and Legal & General. Their fees differ too: 0.09% for DBXD.DE and 0.65% for ETLX.DE.
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