ETLX.DE vs. 4COP.DE
ETLX.DE (L&G Gold Mining UCITS ETF) and 4COP.DE (Global X Copper Miners UCITS ETF USD Accumulating) are both exchange-traded funds - ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners, while 4COP.DE is a Copper fund tracking the Solactive Global Copper Miners v2 Index. Both are passively managed. Over the past 3 years, ETLX.DE returned 37.92%/yr vs 24.85%/yr for 4COP.DE. A 0.57 correlation means they provide meaningful diversification when combined. ETLX.DE charges 0.65%/yr vs 0.55%/yr for 4COP.DE.
Performance
ETLX.DE vs. 4COP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLX.DE achieves a -17.69% return, which is significantly lower than 4COP.DE's 3.65% return.
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%
4COP.DE
- 1D
- -3.07%
- 1M
- -14.14%
- 6M
- -7.51%
- YTD
- 3.65%
- 1Y
- 73.88%
- 3Y*
- 24.85%
- 5Y*
- —
- 10Y*
- —
ETLX.DE vs. 4COP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETLX.DE L&G Gold Mining UCITS ETF | -17.69% | 152.51% | 27.45% | 11.01% | -7.07% | -1.52% |
4COP.DE Global X Copper Miners UCITS ETF USD Accumulating | 3.65% | 73.65% | 9.36% | 4.93% | 6.75% | 1.24% |
Correlation
The correlation between ETLX.DE and 4COP.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2021 | 0.57 |
The correlation between ETLX.DE and 4COP.DE shifts across timeframes, from 0.57 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETLX.DE vs. 4COP.DE — Risk / Return Rank
ETLX.DE
4COP.DE
ETLX.DE vs. 4COP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Gold Mining UCITS ETF (ETLX.DE) and Global X Copper Miners UCITS ETF USD Accumulating (4COP.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.
| ETLX.DE | 4COP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.28 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.83 | -1.57 |
| Martin ratioReturn relative to average drawdown | 2.92 | 7.53 | -4.60 |
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Drawdowns
ETLX.DE vs. 4COP.DE - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than 4COP.DE's maximum drawdown of -39.13%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and 4COP.DE.
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Drawdown Indicators
| ETLX.DE | 4COP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -39.13% | -34.31% |
Max Drawdown (1Y)Largest decline over 1 year | -36.57% | -26.21% | -10.36% |
Max Drawdown (3Y)Largest decline over 3 years | -36.57% | -39.13% | +2.56% |
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 | -36.57% | -21.29% | -15.28% |
Average DrawdownAverage peak-to-trough decline | -34.38% | -14.67% | -19.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.71% | 9.85% | +5.86% |
Volatility
ETLX.DE vs. 4COP.DE - Volatility Comparison
L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 13.74% compared to Global X Copper Miners UCITS ETF USD Accumulating (4COP.DE) at 12.75%. This indicates that ETLX.DE's price experiences larger fluctuations and is considered to be riskier than 4COP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETLX.DE | 4COP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.74% | 12.75% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 37.76% | 35.70% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.26% | 42.04% | +6.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.80% | 33.60% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.09% | 33.60% | +0.49% |
ETLX.DE vs. 4COP.DE - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than 4COP.DE's 0.55% expense ratio.
Dividends
ETLX.DE vs. 4COP.DE - Dividend Comparison
Neither ETLX.DE nor 4COP.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLX.DE and 4COP.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4COP.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4COP.DE is cheaper with a 0.55% expense ratio, compared with 0.65% for ETLX.DE.
ETLX.DE is categorized as Gold, while 4COP.DE is Copper. ETLX.DE tracks DAXglobal® Gold Miners, while 4COP.DE tracks Solactive Global Copper Miners v2 Index. They also come from different issuers: Legal & General and Global X. Their fees differ too: 0.65% for ETLX.DE and 0.55% for 4COP.DE.
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