ESGP.L vs. PMLP.L

Last updated Jun 4, 2026

ESGP.L (HANetf AuAg ESG Gold Mining UCITS ETF) and PMLP.L (HANetf Alerian Midstream Energy Dividend UCITS ETF) are both exchange-traded funds - ESGP.L is a Precious Metals fund tracking the EMIX Global Mining Global Gold TR USD, while PMLP.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, ESGP.L returned 33.25%/yr vs 22.73%/yr for PMLP.L. At a 0.15 correlation, their price movements are largely independent. ESGP.L charges 0.60%/yr vs 0.40%/yr for PMLP.L.

Performance

ESGP.L vs. PMLP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HANetf AuAg ESG Gold Mining UCITS ETF (ESGP.L) and HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESGP.L achieves a 1.59% return, which is significantly lower than PMLP.L's 26.71% return.

ESGP.L

• 1D: -1.22%
• 1M: -0.06%
• YTD: 1.59%
• 6M: 5.94%
• 1Y: 64.08%
• 3Y*: 33.25%
• 5Y*: —
• 10Y*: —

PMLP.L

• 1D: 1.96%
• 1M: 1.75%
• YTD: 26.71%
• 6M: 26.31%
• 1Y: 28.41%
• 3Y*: 22.73%
• 5Y*: 19.87%
• 10Y*: —

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

ESGP.L vs. PMLP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ESGP.L HANetf AuAg ESG Gold Mining UCITS ETF	1.59%	136.71%	3.17%	-0.39%	2.14%	-3.44%
PMLP.L HANetf Alerian Midstream Energy Dividend UCITS ETF	26.71%	-1.40%	35.81%	7.61%	35.33%	-2.50%

Correlation

The correlation between ESGP.L and PMLP.L is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jul 8, 2021	0.15

The correlation between ESGP.L and PMLP.L shifts across timeframes, from -0.15 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

ESGP.L vs. PMLP.L - Sectors Allocation Comparison

Sectors	ESGP.L	PMLP.L
Basic Materials	100.0%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	100.0%
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

ESGP.L vs. PMLP.L — Risk / Return Rank

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

ESGP.L

ESGP.L Risk / Return Rank: 41
ESGP.L Sharpe Ratio Rank: 44
ESGP.L Sortino Ratio Rank: 38
ESGP.L Omega Ratio Rank: 40
ESGP.L Calmar Ratio Rank: 45
ESGP.L Martin Ratio Rank: 37

PMLP.L

PMLP.L Risk / Return Rank: 44
PMLP.L Sharpe Ratio Rank: 42
PMLP.L Sortino Ratio Rank: 39
PMLP.L Omega Ratio Rank: 39
PMLP.L Calmar Ratio Rank: 53
PMLP.L Martin Ratio Rank: 46

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.

ESGP.L vs. PMLP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HANetf AuAg ESG Gold Mining UCITS ETF (ESGP.L) and HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.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.

	ESGP.L	PMLP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.56	1.50	+0.06
Sortino ratio: Return per unit of downside risk	2.00	2.03	-0.03
Omega ratio: Gain probability vs. loss probability	1.26	1.26	+0.01
Calmar ratio: Return relative to maximum drawdown	2.22	2.61	-0.39
Martin ratio: Return relative to average drawdown	5.62	7.58	-1.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESGP.L vs. PMLP.L - Sharpe Ratio Comparison

The current ESGP.L Sharpe Ratio is 1.56, which is comparable to the PMLP.L Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of ESGP.L and PMLP.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

	ESGP.L	PMLP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	1.50	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	1.28	-0.68

Drawdowns

ESGP.L vs. PMLP.L - Drawdown Comparison

The maximum ESGP.L drawdown since its inception was -36.54%, which is greater than PMLP.L's maximum drawdown of -20.50%. Use the drawdown chart below to compare losses from any high point for ESGP.L and PMLP.L.

Drawdown Indicators

	ESGP.L	PMLP.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.54%	-20.50%	-16.04%
Max Drawdown (1Y) Largest decline over 1 year	-28.67%	-10.82%	-17.85%
Max Drawdown (3Y) Largest decline over 3 years	-28.67%	-20.50%	-8.17%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.50%	—
Current Drawdown Current decline from peak	-24.79%	-4.31%	-20.48%
Average Drawdown Average peak-to-trough decline	-13.49%	-5.88%	-7.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.38%	3.73%	+7.65%

Volatility

ESGP.L vs. PMLP.L - Volatility Comparison

HANetf AuAg ESG Gold Mining UCITS ETF (ESGP.L) has a higher volatility of 15.32% compared to HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L) at 7.40%. This indicates that ESGP.L's price experiences larger fluctuations and is considered to be riskier than PMLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESGP.L	PMLP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.32%	7.40%	+7.92%
Volatility (6M) Calculated over the trailing 6-month period	32.61%	15.48%	+17.13%
Volatility (1Y) Calculated over the trailing 1-year period	40.84%	18.87%	+21.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.20%	19.86%	+13.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.20%	21.34%	+11.86%

ESGP.L vs. PMLP.L - Expense Ratio Comparison

ESGP.L has a 0.60% expense ratio, which is higher than PMLP.L's 0.40% expense ratio.

Dividends

ESGP.L vs. PMLP.L - Dividend Comparison

ESGP.L has not paid dividends to shareholders, while PMLP.L's dividend yield for the trailing twelve months is around 2.74%.

Position	TTM	2025	2024	2023	2022	2021	2020
ESGP.L HANetf AuAg ESG Gold Mining UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PMLP.L HANetf Alerian Midstream Energy Dividend UCITS ETF	2.74%	3.31%	3.37%	6.48%	6.12%	6.57%	4.17%

Frequently Asked Questions

Can I hold both ESGP.L and PMLP.L in my portfolio?

ESGP.L and PMLP.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, ESGP.L or PMLP.L?

On fees, PMLP.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESGP.L or PMLP.L?

PMLP.L is cheaper with a 0.40% expense ratio, compared with 0.60% for ESGP.L.

What is the main difference between ESGP.L and PMLP.L?

ESGP.L is categorized as Precious Metals, while PMLP.L is Energy Equities. ESGP.L tracks EMIX Global Mining Global Gold TR USD, while PMLP.L tracks MSCI World/Energy NR USD. Their fees differ too: 0.60% for ESGP.L and 0.40% for PMLP.L.