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ETLX.DE vs. DFEN
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETLX.DE vs. DFEN

Last updated Apr 2, 2026

Compare and contrast key facts about L&G Gold Mining UCITS ETF (ETLX.DE) and Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN).

ETLX.DE and DFEN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETLX.DE is a passively managed fund by Legal & General that tracks the performance of the DAXglobal® Gold Miners. It was launched on Sep 11, 2008. DFEN is a passively managed fund by Direxion that tracks the performance of the Dow Jones U.S. Select Aerospace & Defense Index (300%). It was launched on May 3, 2017. Both ETLX.DE and DFEN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ETLX.DE vs. DFEN - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Gold Mining UCITS ETF (ETLX.DE) and Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN). The values are adjusted to include any dividend payments, if applicable.

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ETLX.DE vs. DFEN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ETLX.DE
L&G Gold Mining UCITS ETF		10.94%152.55%27.41%11.05%-7.10%-3.32%12.25%42.55%-5.79%-3.03%
DFEN
Direxion Daily Aerospace & Defense Bull 3X Shares		7.39%126.16%35.46%20.96%13.62%21.15%-72.69%99.50%-29.71%66.54%
Different Trading Currencies

ETLX.DE is traded in EUR, while DFEN is traded in USD. To make them comparable, the DFEN values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ETLX.DE achieves a 10.94% return, which is significantly higher than DFEN's 7.39% return.

ETLX.DE

1D
7.67%
1M
-13.88%
YTD
10.94%
6M
28.07%
1Y
103.62%
3Y*
52.43%
5Y*
29.10%
10Y*
19.58%

DFEN

1D
6.89%
1M
-29.96%
YTD
7.39%
6M
9.81%
1Y
122.13%
3Y*
56.52%
5Y*
32.78%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

L&G Gold Mining UCITS ETF

Direxion Daily Aerospace & Defense Bull 3X Shares

Often compared with ETLX.DE:
ETLX.DE vs. VHVE.LETLX.DE vs. CSPX.LETLX.DE vs. UBUD.DEETLX.DE vs. GDXETLX.DE vs. RGLDETLX.DE vs. BNKE.LETLX.DE vs. DFEN.DE
Often compared with DFEN:
DFEN vs. ITADFEN vs. XARDFEN vs. PPADFEN vs. SOXLDFEN vs. VOODFEN vs. SPXLDFEN vs. EUDF.DE

ETLX.DE vs. DFEN - Expense Ratio Comparison

ETLX.DE has a 0.65% expense ratio, which is lower than DFEN's 0.99% expense ratio.

DFEN
Direxion Daily Aerospace & Defense Bull 3X Shares
ETLX.DE
L&G Gold Mining UCITS ETF

Return for Risk

ETLX.DE vs. DFEN — 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: 9090
Overall Rank
ETLX.DE Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
ETLX.DE Sortino Ratio Rank: 8989
Sortino Ratio Rank
ETLX.DE Omega Ratio Rank: 8484
Omega Ratio Rank
ETLX.DE Calmar Ratio Rank: 9393
Calmar Ratio Rank
ETLX.DE Martin Ratio Rank: 9090
Martin Ratio Rank
DFEN
DFEN Risk / Return Rank: 8888
Overall Rank
DFEN Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
DFEN Sortino Ratio Rank: 8686
Sortino Ratio Rank
DFEN Omega Ratio Rank: 8282
Omega Ratio Rank
DFEN Calmar Ratio Rank: 9292
Calmar Ratio Rank
DFEN Martin Ratio Rank: 8989
Martin Ratio Rank
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. DFEN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Gold Mining UCITS ETF (ETLX.DE) and Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN). 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.DEDFENDifference

Sharpe ratio

Return per unit of total volatility

2.24

1.73

+0.51

Sortino ratio

Return per unit of downside risk

2.54

2.20

+0.35

Omega ratio

Gain probability vs. loss probability

1.35

1.31

+0.04

Calmar ratio

Return relative to maximum drawdown

3.66

3.14

+0.53

Martin ratio

Return relative to average drawdown

12.59

9.99

+2.60

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETLX.DE vs. DFEN - Sharpe Ratio Comparison

The current ETLX.DE Sharpe Ratio is 2.24, which is comparable to the DFEN Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of ETLX.DE and DFEN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ETLX.DEDFENDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.24

1.73

+0.51

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.81

0.56

+0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.57

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.25

0.21

+0.04

Correlation

The correlation between ETLX.DE and DFEN is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ETLX.DE vs. DFEN - Dividend Comparison

ETLX.DE has not paid dividends to shareholders, while DFEN's dividend yield for the trailing twelve months is around 8.44%.

TTM202520242023202220212020201920182017
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%0.00%
DFEN
Direxion Daily Aerospace & Defense Bull 3X Shares		8.44%8.89%14.12%1.13%0.46%1.89%0.48%0.50%1.07%1.50%

Drawdowns

ETLX.DE vs. DFEN - Drawdown Comparison

The maximum ETLX.DE drawdown since its inception was -73.44%, smaller than the maximum DFEN drawdown of -91.25%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and DFEN.

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Drawdown Indicators

ETLX.DEDFENDifference

Max Drawdown

Largest peak-to-trough decline

-73.44%

-91.36%

+17.92%

Max Drawdown (1Y)

Largest decline over 1 year

-28.89%

-41.75%

+12.86%

Max Drawdown (5Y)

Largest decline over 5 years

-42.03%

-56.23%

+14.20%

Max Drawdown (10Y)

Largest decline over 10 years

-47.05%

—

—

Current Drawdown

Current decline from peak

-14.50%

-30.69%

+16.19%

Average Drawdown

Average peak-to-trough decline

-34.84%

-45.53%

+10.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.41%

12.33%

-3.92%

Volatility

ETLX.DE vs. DFEN - Volatility Comparison

The current volatility for L&G Gold Mining UCITS ETF (ETLX.DE) is 18.11%, while Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) has a volatility of 23.96%. This indicates that ETLX.DE experiences smaller price fluctuations and is considered to be less risky than DFEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ETLX.DEDFENDifference

Volatility (1M)

Calculated over the trailing 1-month period

18.11%

23.96%

-5.85%

Volatility (6M)

Calculated over the trailing 6-month period

38.49%

48.23%

-9.74%

Volatility (1Y)

Calculated over the trailing 1-year period

45.99%

70.85%

-24.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

35.47%

58.36%

-22.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.83%

70.89%

-37.06%