ETLX.DE vs. 8PSB.DE
ETLX.DE (L&G Gold Mining UCITS ETF) and 8PSB.DE (Invesco Physical Silver ETC) are both exchange-traded funds - ETLX.DE is a Precious Metals fund tracking the DAXglobal® Gold Miners, while 8PSB.DE is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 3 years, ETLX.DE returned 46.63%/yr vs 42.18%/yr for 8PSB.DE. A 0.71 correlation means they provide meaningful diversification when combined. ETLX.DE charges 0.65%/yr vs 0.19%/yr for 8PSB.DE.
Performance
ETLX.DE vs. 8PSB.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ETLX.DE having a -2.30% return and 8PSB.DE slightly lower at -2.37%.
ETLX.DE
- 1D
- 0.57%
- 1M
- -6.27%
- YTD
- -2.30%
- 6M
- 5.08%
- 1Y
- 60.19%
- 3Y*
- 46.63%
- 5Y*
- 23.41%
- 10Y*
- 15.32%
8PSB.DE
- 1D
- 0.37%
- 1M
- -3.45%
- YTD
- -2.37%
- 6M
- 26.56%
- 1Y
- 103.63%
- 3Y*
- 42.18%
- 5Y*
- —
- 10Y*
- —
ETLX.DE vs. 8PSB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETLX.DE L&G Gold Mining UCITS ETF | -2.30% | 152.55% | 27.41% | 11.05% | -7.10% | -0.98% |
8PSB.DE Invesco Physical Silver ETC | -2.37% | 130.25% | 30.85% | -4.18% | 10.64% | -7.65% |
Correlation
The correlation between ETLX.DE and 8PSB.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2021 | 0.71 |
The correlation between ETLX.DE and 8PSB.DE has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.
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Return for Risk
ETLX.DE vs. 8PSB.DE — Risk / Return Rank
ETLX.DE
8PSB.DE
ETLX.DE vs. 8PSB.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 Invesco Physical Silver ETC (8PSB.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.
| ETLX.DE | 8PSB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.35 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.85 | -0.74 |
| Martin ratioReturn relative to average drawdown | 5.29 | 6.09 | -0.80 |
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
| ETLX.DE | 8PSB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 1.89 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.68 | -0.45 |
Drawdowns
ETLX.DE vs. 8PSB.DE - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than 8PSB.DE's maximum drawdown of -38.62%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and 8PSB.DE.
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Drawdown Indicators
| ETLX.DE | 8PSB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -38.62% | -34.82% |
Max Drawdown (1Y)Largest decline over 1 year | -28.89% | -38.62% | +9.73% |
Max Drawdown (3Y)Largest decline over 3 years | -28.89% | -38.62% | +9.73% |
Max Drawdown (5Y)Largest decline over 5 years | -42.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.05% | — | — |
Current DrawdownCurrent decline from peak | -24.71% | -33.51% | +8.80% |
Average DrawdownAverage peak-to-trough decline | -34.69% | -11.18% | -23.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.52% | 18.07% | -6.55% |
Volatility
ETLX.DE vs. 8PSB.DE - Volatility Comparison
The current volatility for L&G Gold Mining UCITS ETF (ETLX.DE) is 14.03%, while Invesco Physical Silver ETC (8PSB.DE) has a volatility of 16.36%. This indicates that ETLX.DE experiences smaller price fluctuations and is considered to be less risky than 8PSB.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 | 8PSB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.03% | 16.36% | -2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 35.22% | 51.95% | -16.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.70% | 58.17% | -12.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.04% | 34.63% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.83% | 34.63% | -0.80% |
ETLX.DE vs. 8PSB.DE - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than 8PSB.DE's 0.19% expense ratio.
Dividends
ETLX.DE vs. 8PSB.DE - Dividend Comparison
Neither ETLX.DE nor 8PSB.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLX.DE and 8PSB.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSB.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSB.DE is cheaper with a 0.19% expense ratio, compared with 0.65% for ETLX.DE.
ETLX.DE is categorized as Precious Metals, while 8PSB.DE is Silver. ETLX.DE tracks DAXglobal® Gold Miners, while 8PSB.DE tracks LBMA Silver Price. They also come from different issuers: Legal & General and Invesco. Their fees differ too: 0.65% for ETLX.DE and 0.19% for 8PSB.DE.
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