ETLX.DE vs. DBXD.DE
ETLX.DE (L&G Gold Mining UCITS ETF) and DBXD.DE (Xtrackers DAX UCITS ETF 1C) are both exchange-traded funds - ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners, while DBXD.DE is a Europe Equities fund tracking the DAX®. Both are passively managed. Over the past 10 years, ETLX.DE returned 11.24%/yr vs 9.03%/yr for DBXD.DE. At a 0.15 correlation, their price movements are largely independent. ETLX.DE charges 0.65%/yr vs 0.09%/yr for DBXD.DE.
Performance
ETLX.DE vs. DBXD.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 DBXD.DE's 0.89% return. Over the past 10 years, ETLX.DE has outperformed DBXD.DE with an annualized return of 11.24%, while DBXD.DE has yielded a comparatively lower 9.03% 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%
DBXD.DE
- 1D
- -0.34%
- 1M
- -0.73%
- 6M
- -2.21%
- YTD
- 0.89%
- 1Y
- 1.76%
- 3Y*
- 14.95%
- 5Y*
- 9.27%
- 10Y*
- 9.03%
ETLX.DE vs. DBXD.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% |
DBXD.DE Xtrackers DAX UCITS ETF 1C | 0.89% | 22.65% | 18.18% | 19.60% | -12.74% | 15.26% | 3.11% | 24.69% | -18.52% | 12.12% |
Correlation
The correlation between ETLX.DE and DBXD.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2009 | 0.15 |
Over the past year, ETLX.DE and DBXD.DE have become more correlated (0.47) than their long-term average of 0.15, meaning their price movements have been converging.
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Return for Risk
ETLX.DE vs. DBXD.DE — Risk / Return Rank
ETLX.DE
DBXD.DE
ETLX.DE vs. DBXD.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 Xtrackers DAX UCITS ETF 1C (DBXD.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 | DBXD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.03 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 0.12 | +1.14 |
| Martin ratioReturn relative to average drawdown | 2.92 | 0.36 | +2.56 |
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Drawdowns
ETLX.DE vs. DBXD.DE - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than DBXD.DE's maximum drawdown of -54.83%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and DBXD.DE.
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Drawdown Indicators
| ETLX.DE | DBXD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -54.83% | -18.61% |
Max Drawdown (1Y)Largest decline over 1 year | -36.57% | -12.32% | -24.25% |
Max Drawdown (3Y)Largest decline over 3 years | -36.57% | -15.92% | -20.65% |
Max Drawdown (5Y)Largest decline over 5 years | -42.01% | -26.70% | -15.31% |
Max Drawdown (10Y)Largest decline over 10 years | -47.06% | -38.83% | -8.23% |
Current DrawdownCurrent decline from peak | -36.57% | -3.84% | -32.73% |
Average DrawdownAverage peak-to-trough decline | -34.38% | -11.27% | -23.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.71% | 3.95% | +11.76% |
Volatility
ETLX.DE vs. DBXD.DE - Volatility Comparison
L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 13.74% compared to Xtrackers DAX UCITS ETF 1C (DBXD.DE) at 4.65%. This indicates that ETLX.DE's price experiences larger fluctuations and is considered to be riskier than DBXD.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 | DBXD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.74% | 4.65% | +9.09% |
Volatility (6M)Calculated over the trailing 6-month period | 37.76% | 13.55% | +24.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.26% | 16.28% | +31.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.80% | 17.19% | +19.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.09% | 18.09% | +16.00% |
ETLX.DE vs. DBXD.DE - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than DBXD.DE's 0.09% expense ratio.
Dividends
ETLX.DE vs. DBXD.DE - Dividend Comparison
Neither ETLX.DE nor DBXD.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLX.DE and DBXD.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXD.DE is cheaper with a 0.09% expense ratio, compared with 0.65% for ETLX.DE.
ETLX.DE is categorized as Gold, while DBXD.DE is Europe Equities. ETLX.DE tracks DAXglobal® Gold Miners, while DBXD.DE tracks DAX®. They also come from different issuers: Legal & General and Xtrackers. Their fees differ too: 0.65% for ETLX.DE and 0.09% for DBXD.DE.
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