ETLX.DE vs. BATG.DE

Last updated Aug 6, 2026

ETLX.DE (L&G Gold Mining UCITS ETF) and BATG.DE (L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF) are both exchange-traded funds - ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners, while BATG.DE is a Japan Equities fund tracking the Foxberry Sustainability Consensus Japan. Both are passively managed. Their 0.12 correlation means their historical movements had little consistent relationship. ETLX.DE charges 0.65%/yr vs 0.16%/yr for BATG.DE.

Performance

ETLX.DE vs. BATG.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Gold Mining UCITS ETF (ETLX.DE) and L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF (BATG.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

BATG.DE

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ETLX.DE L&G Gold Mining UCITS ETF	€807.89K	€689.15K	€1.06M

ETLX.DE vs. BATG.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ETLX.DE L&G Gold Mining UCITS ETF	-3.79%	152.51%	27.45%	11.01%	16.85%
BATG.DE L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF	0.00%	5.88%	12.80%	12.76%	2.12%

Correlation

The correlation between ETLX.DE and BATG.DE is 0.12, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.09
Correlation (All Time) Calculated using the full available price history since Oct 26, 2022	0.12

Return for Risk

ETLX.DE vs. BATG.DE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ETLX.DE

ETLX.DE Risk / Return Rank: 35
ETLX.DE Sharpe Ratio Rank: 37
ETLX.DE Sortino Ratio Rank: 37
ETLX.DE Omega Ratio Rank: 36
ETLX.DE Calmar Ratio Rank: 36
ETLX.DE Martin Ratio Rank: 30

BATG.DE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ETLX.DE vs. BATG.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 L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF (BATG.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	BATG.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.07	—	—
Sortino ratio: Return per unit of downside risk	1.59	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.43	—	—
Martin ratio: Return relative to average drawdown	3.04	—	—

Drawdowns

Drawdown Indicators

	ETLX.DE	BATG.DE	Difference
Max Drawdown Largest peak-to-trough decline	-73.44%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-36.81%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-36.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-42.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.81%	—	—
Current Drawdown Current decline from peak	-25.86%	—	—
Average Drawdown Average peak-to-trough decline	-34.38%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	17.41%	—	—

Volatility

Volatility by Period

	ETLX.DE	BATG.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	36.93%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	49.32%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.15%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.25%	—	—

ETLX.DE vs. BATG.DE - Expense Ratio Comparison

ETLX.DE has a 0.65% expense ratio, which is higher than BATG.DE's 0.16% expense ratio.

Dividends

ETLX.DE vs. BATG.DE - Dividend Comparison

Neither ETLX.DE nor BATG.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ETLX.DE and BATG.DE in my portfolio?

ETLX.DE and BATG.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETLX.DE or BATG.DE?

On fees, BATG.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETLX.DE or BATG.DE?

BATG.DE is cheaper with a 0.16% expense ratio, compared with 0.65% for ETLX.DE.

What is the main difference between ETLX.DE and BATG.DE?

ETLX.DE is categorized as Gold, while BATG.DE is Japan Equities. ETLX.DE tracks DAXglobal® Gold Miners, while BATG.DE tracks Foxberry Sustainability Consensus Japan. Their fees differ too: 0.65% for ETLX.DE and 0.16% for BATG.DE.