ETLX.DE vs. 8PSG.DE
ETLX.DE (L&G Gold Mining UCITS ETF) and 8PSG.DE (Invesco Physical Gold ETC) are both Gold funds - ETLX.DE tracks the DAXglobal® Gold Miners while 8PSG.DE tracks the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, ETLX.DE returned 12.92%/yr vs 11.15%/yr for 8PSG.DE. Their 0.60 correlation means they have sometimes moved together and sometimes differently. ETLX.DE charges 0.65%/yr vs 0.12%/yr for 8PSG.DE.
Performance
ETLX.DE vs. 8PSG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLX.DE achieves a -3.79% return, which is significantly higher than 8PSG.DE's -5.50% return. Over the past 10 years, ETLX.DE has outperformed 8PSG.DE with an annualized return of 12.92%, while 8PSG.DE has yielded a comparatively lower 11.15% annualized return.
ETLX.DE
- 1D
- 8.27%
- 1M
- 4.97%
- 6M
- -11.78%
- YTD
- -3.79%
- 1Y
- 53.03%
- 3Y*
- 50.82%
- 5Y*
- 27.00%
- 10Y*
- 12.92%
- ALL TIME*
- 7.47%
8PSG.DE
- 1D
- 0.00%
- 1M
- -2.58%
- 6M
- -15.21%
- YTD
- -5.50%
- 1Y
- 21.03%
- 3Y*
- 26.78%
- 5Y*
- 18.64%
- 10Y*
- 11.15%
- ALL TIME*
- 7.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
8PSG.DE Invesco Physical Gold ETC | €4.87M | €4.72M | €4.73M |
ETLX.DE L&G Gold Mining UCITS ETF | €807.89K | €689.15K | €1.06M |
ETLX.DE vs. 8PSG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETLX.DE L&G Gold Mining UCITS ETF | -3.79% | 152.51% | 27.45% | 11.01% | -7.07% | -3.33% | 12.25% | 42.55% | -5.79% | -3.18% |
8PSG.DE Invesco Physical Gold ETC | -5.50% | 48.98% | 44.76% | 0.00% | 8.62% | 3.81% | 12.94% | 20.91% | 2.90% | -1.90% |
Correlation
The correlation between ETLX.DE and 8PSG.DE is 0.80, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2009 | 0.60 |
Over the past year, ETLX.DE and 8PSG.DE have become more correlated (0.80) than their long-term average of 0.60, meaning their price movements have been converging.
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Return for Risk
ETLX.DE vs. 8PSG.DE — Risk / Return Rank
ETLX.DE
8PSG.DE
ETLX.DE vs. 8PSG.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 Gold ETC (8PSG.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 | 8PSG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.93 | +0.50 |
| Martin ratioReturn relative to average drawdown | 3.04 | 1.76 | +1.27 |
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Drawdowns
ETLX.DE vs. 8PSG.DE - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than 8PSG.DE's maximum drawdown of -54.21%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and 8PSG.DE.
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Drawdown Indicators
| ETLX.DE | 8PSG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -54.21% | -19.23% |
Max Drawdown (1Y)Largest decline over 1 year | -36.81% | -22.56% | -14.25% |
Max Drawdown (3Y)Largest decline over 3 years | -36.81% | -22.56% | -14.25% |
Max Drawdown (5Y)Largest decline over 5 years | -42.01% | -22.56% | -19.45% |
Max Drawdown (10Y)Largest decline over 10 years | -46.81% | -22.56% | -24.25% |
Current DrawdownCurrent decline from peak | -25.86% | -21.81% | -4.05% |
Average DrawdownAverage peak-to-trough decline | -34.38% | -23.95% | -10.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.41% | 11.93% | +5.48% |
Volatility
ETLX.DE vs. 8PSG.DE - Volatility Comparison
L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 15.15% compared to Invesco Physical Gold ETC (8PSG.DE) at 5.97%. This indicates that ETLX.DE's price experiences larger fluctuations and is considered to be riskier than 8PSG.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 | 8PSG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.15% | 5.97% | +9.18% |
Volatility (6M)Calculated over the trailing 6-month period | 36.93% | 18.11% | +18.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.32% | 33.51% | +15.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.15% | 18.68% | +18.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.25% | 21.90% | +12.35% |
ETLX.DE vs. 8PSG.DE - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than 8PSG.DE's 0.12% expense ratio.
Dividends
ETLX.DE vs. 8PSG.DE - Dividend Comparison
Neither ETLX.DE nor 8PSG.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLX.DE and 8PSG.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 8PSG.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
8PSG.DE is cheaper with a 0.12% expense ratio, compared with 0.65% for ETLX.DE.
ETLX.DE tracks DAXglobal® Gold Miners, while 8PSG.DE tracks LBMA Gold Price PM. They also come from different issuers: L&G and Invesco. Their fees differ too: 0.65% for ETLX.DE and 0.12% for 8PSG.DE.
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