ESGP.DE vs. ETLX.DE
ESGP.DE (Gold Miners Screened UCITS ETF) and ETLX.DE (L&G Gold Mining UCITS ETF) are both Gold funds - ESGP.DE tracks the VettaFi Gold Miners Screened Index while ETLX.DE tracks the DAXglobal® Gold Miners. Both are passively managed. Over the past 3 years, ESGP.DE returned 10.79%/yr vs 40.63%/yr for ETLX.DE. At a 0.37 correlation, their price movements are largely independent. ESGP.DE charges 0.60%/yr vs 0.65%/yr for ETLX.DE.
Performance
ESGP.DE vs. ETLX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESGP.DE achieves a 11.07% return, which is significantly higher than ETLX.DE's -14.61% return.
ESGP.DE
- 1D
- 0.00%
- 1M
- 3.62%
- 6M
- 9.14%
- YTD
- 11.07%
- 1Y
- 15.42%
- 3Y*
- 10.79%
- 5Y*
- —
- 10Y*
- —
ETLX.DE
- 1D
- -2.94%
- 1M
- -13.15%
- 6M
- -22.75%
- YTD
- -14.61%
- 1Y
- 50.46%
- 3Y*
- 40.63%
- 5Y*
- 22.90%
- 10Y*
- 11.66%
ESGP.DE vs. ETLX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESGP.DE Gold Miners Screened UCITS ETF | 11.07% | 5.79% | 12.94% | 2.10% | -2.36% | 2.90% |
ETLX.DE L&G Gold Mining UCITS ETF | -14.61% | 152.51% | 27.45% | 11.01% | -7.07% | 6.96% |
Correlation
The correlation between ESGP.DE and ETLX.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2021 | 0.37 |
The correlation between ESGP.DE and ETLX.DE shifts across timeframes, from 0.37 (all time) to 0.48 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ESGP.DE vs. ETLX.DE — Risk / Return Rank
ESGP.DE
ETLX.DE
ESGP.DE vs. ETLX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Miners Screened UCITS ETF (ESGP.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.
| ESGP.DE | ETLX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.43 | +1.03 |
| Martin ratioReturn relative to average drawdown | 6.94 | 3.27 | +3.67 |
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Drawdowns
ESGP.DE vs. ETLX.DE - Drawdown Comparison
The maximum ESGP.DE drawdown since its inception was -20.50%, smaller than the maximum ETLX.DE drawdown of -73.44%. Use the drawdown chart below to compare losses from any high point for ESGP.DE and ETLX.DE.
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Drawdown Indicators
| ESGP.DE | ETLX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.50% | -73.44% | +52.94% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -35.24% | +28.93% |
Max Drawdown (3Y)Largest decline over 3 years | -20.50% | -35.24% | +14.74% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.06% | — |
Current DrawdownCurrent decline from peak | 0.00% | -34.19% | +34.19% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -34.38% | +29.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 15.38% | -13.15% |
Volatility
ESGP.DE vs. ETLX.DE - Volatility Comparison
The current volatility for Gold Miners Screened UCITS ETF (ESGP.DE) is 2.19%, while L&G Gold Mining UCITS ETF (ETLX.DE) has a volatility of 15.57%. This indicates that ESGP.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
| ESGP.DE | ETLX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 15.57% | -13.38% |
Volatility (6M)Calculated over the trailing 6-month period | 9.02% | 37.78% | -28.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 48.25% | -36.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 36.80% | -22.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.44% | 34.08% | -19.64% |
ESGP.DE vs. ETLX.DE - Expense Ratio Comparison
ESGP.DE has a 0.60% expense ratio, which is lower than ETLX.DE's 0.65% expense ratio.
Dividends
ESGP.DE vs. ETLX.DE - Dividend Comparison
Neither ESGP.DE nor ETLX.DE has paid dividends to shareholders.
Frequently Asked Questions
ESGP.DE and ETLX.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESGP.DE is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESGP.DE is cheaper with a 0.60% expense ratio, compared with 0.65% for ETLX.DE.
ESGP.DE tracks VettaFi Gold Miners Screened Index, while ETLX.DE tracks DAXglobal® Gold Miners. They also come from different issuers: HANetf and Legal & General. Their fees differ too: 0.60% for ESGP.DE and 0.65% for ETLX.DE.
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