DPAG.L vs. AUCP.L

Last updated Jun 5, 2026

DPAG.L (L&G Digital Payments UCITS ETF) and AUCP.L (L&G Gold Mining UCITS ETF) are both exchange-traded funds - DPAG.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while AUCP.L is a Precious Metals fund tracking the STOXX Global Gold Miners. Both are passively managed. Over the past 3 years, DPAG.L returned -1.36%/yr vs 46.06%/yr for AUCP.L. At a 0.17 correlation, their price movements are largely independent. DPAG.L charges 0.49%/yr vs 0.55%/yr for AUCP.L.

Performance

DPAG.L vs. AUCP.L - Performance Comparison

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

Returns By Period

In the year-to-date period, DPAG.L achieves a -9.59% return, which is significantly lower than AUCP.L's -0.57% return.

DPAG.L

• 1D: 1.91%
• 1M: -2.50%
• YTD: -9.59%
• 6M: -8.97%
• 1Y: -12.88%
• 3Y*: -1.36%
• 5Y*: —
• 10Y*: —

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%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
DPAG.L L&G Digital Payments UCITS ETF	-9.59%	-13.44%	16.00%	14.33%	-22.74%	-13.31%
AUCP.L L&G Gold Mining UCITS ETF	-0.57%	161.99%	20.20%	8.69%	-4.04%	-13.94%

Correlation

The correlation between DPAG.L and AUCP.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Jun 2, 2021	0.17

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

Sectors	DPAG.L	AUCP.L
Technology	71.5%	-
Financial Services	24.1%	-
Industrials	2.5%	-
Consumer Cyclical	1.9%	-
Basic Materials	-	100.0%
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

DPAG.L vs. AUCP.L — Risk / Return Rank

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

DPAG.L

DPAG.L Risk / Return Rank: 4
DPAG.L Sharpe Ratio Rank: 4
DPAG.L Sortino Ratio Rank: 4
DPAG.L Omega Ratio Rank: 4
DPAG.L Calmar Ratio Rank: 5
DPAG.L Martin Ratio Rank: 5

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

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.

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

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

	DPAG.L	AUCP.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.64	1.49	-2.13
Sortino ratio: Return per unit of downside risk	-0.77	1.97	-2.73
Omega ratio: Gain probability vs. loss probability	0.91	1.25	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.49	2.21	-2.70
Martin ratio: Return relative to average drawdown	-0.95	5.70	-6.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DPAG.L vs. AUCP.L - Sharpe Ratio Comparison

The current DPAG.L Sharpe Ratio is -0.64, which is lower than the AUCP.L Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of DPAG.L and AUCP.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

	DPAG.L	AUCP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.64	1.49	-2.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.30	0.26	-0.57

Drawdowns

DPAG.L vs. AUCP.L - Drawdown Comparison

The maximum DPAG.L drawdown since its inception was -43.44%, smaller than the maximum AUCP.L drawdown of -77.57%. Use the drawdown chart below to compare losses from any high point for DPAG.L and AUCP.L.

Drawdown Indicators

	DPAG.L	AUCP.L	Difference
Max Drawdown Largest peak-to-trough decline	-43.44%	-77.57%	+34.13%
Max Drawdown (1Y) Largest decline over 1 year	-26.15%	-29.56%	+3.41%
Max Drawdown (3Y) Largest decline over 3 years	-31.08%	-29.56%	-1.52%
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	-34.80%	-25.67%	-9.13%
Average Drawdown Average peak-to-trough decline	-27.06%	-35.74%	+8.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.51%	11.51%	+2.00%

Volatility

DPAG.L vs. AUCP.L - Volatility Comparison

The current volatility for L&G Digital Payments UCITS ETF (DPAG.L) is 7.13%, while L&G Gold Mining UCITS ETF (AUCP.L) has a volatility of 13.97%. This indicates that DPAG.L experiences smaller price fluctuations and is considered to be less risky than AUCP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DPAG.L	AUCP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.13%	13.97%	-6.84%
Volatility (6M) Calculated over the trailing 6-month period	15.00%	34.06%	-19.06%
Volatility (1Y) Calculated over the trailing 1-year period	20.16%	43.95%	-23.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.26%	35.99%	-11.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.26%	34.66%	-10.40%

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

DPAG.L has a 0.49% expense ratio, which is lower than AUCP.L's 0.55% expense ratio.

Dividends

DPAG.L vs. AUCP.L - Dividend Comparison

Neither DPAG.L nor AUCP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

DPAG.L and AUCP.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, DPAG.L is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

DPAG.L is cheaper with a 0.49% expense ratio, compared with 0.55% for AUCP.L.

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

DPAG.L is categorized as Technology Equities, while AUCP.L is Precious Metals. DPAG.L tracks MSCI World/Information Tech NR USD, while AUCP.L tracks STOXX Global Gold Miners. Their fees differ too: 0.49% for DPAG.L and 0.55% for AUCP.L.