ETLX.DE vs. C024.DE

Last updated Jul 18, 2026

ETLX.DE (L&G Gold Mining UCITS ETF) and C024.DE (Amundi MSCI China A II UCITS ETF Dist) are both exchange-traded funds - ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners, while C024.DE is a China Equities fund tracking the MSCI China A. Both are passively managed. Over the past 10 years, ETLX.DE returned 11.24%/yr vs 6.36%/yr for C024.DE. At a 0.09 correlation, their price movements are largely independent. ETLX.DE charges 0.65%/yr vs 0.25%/yr for C024.DE.

Performance

ETLX.DE vs. C024.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 Amundi MSCI China A II UCITS ETF Dist (C024.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETLX.DE achieves a -17.69% return, which is significantly lower than C024.DE's 6.31% return. Over the past 10 years, ETLX.DE has outperformed C024.DE with an annualized return of 11.24%, while C024.DE has yielded a comparatively lower 6.36% annualized 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%

C024.DE

• 1D: -3.37%
• 1M: -8.00%
• 6M: 2.17%
• YTD: 6.31%
• 1Y: 27.95%
• 3Y*: 11.58%
• 5Y*: 0.96%
• 10Y*: 6.36%

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

ETLX.DE vs. C024.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETLX.DE L&G Gold Mining UCITS ETF	-17.69%	152.51%	27.45%	11.01%	-7.07%	-3.33%	12.25%	42.55%	-5.79%	-3.18%
C024.DE Amundi MSCI China A II UCITS ETF Dist	6.31%	14.97%	22.87%	-17.78%	-16.16%	3.42%	21.54%	40.72%	-22.27%	23.87%

Correlation

The correlation between ETLX.DE and C024.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013	0.09

Over the past year, ETLX.DE and C024.DE have become more correlated (0.33) than their long-term average of 0.09, meaning their price movements have been converging.

Return for Risk

ETLX.DE vs. C024.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETLX.DE

ETLX.DE Risk / Return Rank: 31
ETLX.DE Sharpe Ratio Rank: 32
ETLX.DE Sortino Ratio Rank: 33
ETLX.DE Omega Ratio Rank: 32
ETLX.DE Calmar Ratio Rank: 31
ETLX.DE Martin Ratio Rank: 28

C024.DE

C024.DE Risk / Return Rank: 63
C024.DE Sharpe Ratio Rank: 60
C024.DE Sortino Ratio Rank: 56
C024.DE Omega Ratio Rank: 56
C024.DE Calmar Ratio Rank: 69
C024.DE Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETLX.DE vs. C024.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 Amundi MSCI China A II UCITS ETF Dist (C024.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	C024.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.95	1.55	-0.59
Sortino ratio: Return per unit of downside risk	1.45	2.11	-0.65
Omega ratio: Gain probability vs. loss probability	1.18	1.27	-0.09
Calmar ratio: Return relative to maximum drawdown	1.25	2.66	-1.41
Martin ratio: Return relative to average drawdown	2.92	10.41	-7.48

ETLX.DE vs. C024.DE - Sharpe Ratio Comparison

The current ETLX.DE Sharpe Ratio is 0.95, which is lower than the C024.DE Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of ETLX.DE and C024.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ETLX.DE vs. C024.DE - Drawdown Comparison

The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than C024.DE's maximum drawdown of -49.68%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and C024.DE.

Drawdown Indicators

	ETLX.DE	C024.DE	Difference
Max Drawdown Largest peak-to-trough decline	-73.44%	-49.68%	-23.76%
Max Drawdown (1Y) Largest decline over 1 year	-36.57%	-10.60%	-25.97%
Max Drawdown (3Y) Largest decline over 3 years	-36.57%	-25.82%	-10.75%
Max Drawdown (5Y) Largest decline over 5 years	-42.01%	-39.34%	-2.67%
Max Drawdown (10Y) Largest decline over 10 years	-47.06%	-47.10%	+0.04%
Current Drawdown Current decline from peak	-36.57%	-13.23%	-23.34%
Average Drawdown Average peak-to-trough decline	-34.38%	-26.23%	-8.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.71%	2.72%	+12.99%

Volatility

ETLX.DE vs. C024.DE - Volatility Comparison

L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 13.74% compared to Amundi MSCI China A II UCITS ETF Dist (C024.DE) at 9.58%. This indicates that ETLX.DE's price experiences larger fluctuations and is considered to be riskier than C024.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETLX.DE	C024.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.74%	9.58%	+4.16%
Volatility (6M) Calculated over the trailing 6-month period	37.76%	14.53%	+23.23%
Volatility (1Y) Calculated over the trailing 1-year period	48.26%	18.31%	+29.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.80%	22.98%	+13.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.09%	24.16%	+9.93%

ETLX.DE vs. C024.DE - Expense Ratio Comparison

ETLX.DE has a 0.65% expense ratio, which is higher than C024.DE's 0.25% expense ratio.

Dividends

ETLX.DE vs. C024.DE - Dividend Comparison

ETLX.DE has not paid dividends to shareholders, while C024.DE's dividend yield for the trailing twelve months is around 1.78%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
C024.DE Amundi MSCI China A II UCITS ETF Dist	1.78%	1.89%	2.19%	1.98%	1.34%	1.22%	1.42%	1.88%	2.49%
ETLX.DE L&G Gold Mining UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETLX.DE and C024.DE in my portfolio?

ETLX.DE and C024.DE have a correlation of 0.33, 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 C024.DE?

On fees, C024.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETLX.DE or C024.DE?

C024.DE is cheaper with a 0.25% expense ratio, compared with 0.65% for ETLX.DE.

What is the main difference between ETLX.DE and C024.DE?

ETLX.DE is categorized as Gold, while C024.DE is China Equities. ETLX.DE tracks DAXglobal® Gold Miners, while C024.DE tracks MSCI China A. They also come from different issuers: Legal & General and Amundi. Their fees differ too: 0.65% for ETLX.DE and 0.25% for C024.DE.