ESGP.L vs. RMAP.L
ESGP.L (HANetf AuAg ESG Gold Mining UCITS ETF) and RMAP.L (HANetf The Royal Mint Responsibly Sourced Physical Gold ETC) are both Precious Metals funds from HANetf - ESGP.L tracks the EMIX Global Mining Global Gold TR USD while RMAP.L tracks the Gold. Both are passively managed. Over the past 3 years, ESGP.L returned 33.25%/yr vs 27.73%/yr for RMAP.L. A 0.64 correlation means they provide meaningful diversification when combined. ESGP.L charges 0.60%/yr vs 0.22%/yr for RMAP.L.
Performance
ESGP.L vs. RMAP.L - Performance Comparison
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Returns By Period
In the year-to-date period, ESGP.L achieves a 1.59% return, which is significantly lower than RMAP.L's 3.07% return.
ESGP.L
- 1D
- -1.22%
- 1M
- -0.06%
- YTD
- 1.59%
- 6M
- 5.94%
- 1Y
- 64.08%
- 3Y*
- 33.25%
- 5Y*
- —
- 10Y*
- —
RMAP.L
- 1D
- -1.18%
- 1M
- -2.94%
- YTD
- 3.07%
- 6M
- 4.24%
- 1Y
- 33.07%
- 3Y*
- 27.73%
- 5Y*
- 19.76%
- 10Y*
- —
ESGP.L vs. RMAP.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% |
RMAP.L HANetf The Royal Mint Responsibly Sourced Physical Gold ETC | 3.07% | 53.50% | 28.00% | 7.09% | 11.74% | 3.14% |
Correlation
The correlation between ESGP.L and RMAP.L is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2021 | 0.64 |
The correlation between ESGP.L and RMAP.L has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
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Return for Risk
ESGP.L vs. RMAP.L — Risk / Return Rank
ESGP.L
RMAP.L
ESGP.L vs. RMAP.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 The Royal Mint Responsibly Sourced Physical Gold ETC (RMAP.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 | RMAP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.30 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 1.21 | +1.02 |
| Martin ratioReturn relative to average drawdown | 5.62 | 2.41 | +3.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ESGP.L | RMAP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 0.69 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.70 | -0.10 |
Drawdowns
ESGP.L vs. RMAP.L - Drawdown Comparison
The maximum ESGP.L drawdown since its inception was -36.54%, which is greater than RMAP.L's maximum drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for ESGP.L and RMAP.L.
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Drawdown Indicators
| ESGP.L | RMAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.54% | -27.31% | -9.23% |
Max Drawdown (1Y)Largest decline over 1 year | -28.67% | -27.31% | -1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -28.67% | -27.31% | -1.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.31% | — |
Current DrawdownCurrent decline from peak | -24.79% | -19.60% | -5.19% |
Average DrawdownAverage peak-to-trough decline | -13.49% | -7.27% | -6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.38% | 13.70% | -2.32% |
Volatility
ESGP.L vs. RMAP.L - Volatility Comparison
HANetf AuAg ESG Gold Mining UCITS ETF (ESGP.L) has a higher volatility of 15.32% compared to HANetf The Royal Mint Responsibly Sourced Physical Gold ETC (RMAP.L) at 5.07%. This indicates that ESGP.L's price experiences larger fluctuations and is considered to be riskier than RMAP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGP.L | RMAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.32% | 5.07% | +10.25% |
Volatility (6M)Calculated over the trailing 6-month period | 32.61% | 19.91% | +12.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.84% | 47.58% | -6.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.20% | 24.84% | +8.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.20% | 23.74% | +9.46% |
ESGP.L vs. RMAP.L - Expense Ratio Comparison
ESGP.L has a 0.60% expense ratio, which is higher than RMAP.L's 0.22% expense ratio.
Dividends
ESGP.L vs. RMAP.L - Dividend Comparison
Neither ESGP.L nor RMAP.L has paid dividends to shareholders.
Frequently Asked Questions
ESGP.L and RMAP.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RMAP.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RMAP.L is cheaper with a 0.22% expense ratio, compared with 0.60% for ESGP.L.
ESGP.L tracks EMIX Global Mining Global Gold TR USD, while RMAP.L tracks Gold. Their fees differ too: 0.60% for ESGP.L and 0.22% for RMAP.L.
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