ETLX.DE vs. EMA5.DE
ETLX.DE (L&G Gold Mining UCITS ETF) and EMA5.DE (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF) are both exchange-traded funds - ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners, while EMA5.DE is a Emerging Markets Bonds fund tracking the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity. Both are passively managed. Over the past 5 years, ETLX.DE returned 23.98%/yr vs 4.00%/yr for EMA5.DE. At a correlation of -0.08, they often move in opposite directions. ETLX.DE charges 0.65%/yr vs 0.25%/yr for EMA5.DE.
Performance
ETLX.DE vs. EMA5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLX.DE achieves a -11.01% return, which is significantly lower than EMA5.DE's 5.40% return.
ETLX.DE
- 1D
- 2.13%
- 1M
- -10.68%
- YTD
- -11.01%
- 6M
- -13.14%
- 1Y
- 54.70%
- 3Y*
- 45.22%
- 5Y*
- 23.98%
- 10Y*
- 13.24%
EMA5.DE
- 1D
- 0.00%
- 1M
- 3.29%
- YTD
- 5.40%
- 6M
- 5.74%
- 1Y
- 9.20%
- 3Y*
- 7.00%
- 5Y*
- 4.00%
- 10Y*
- —
ETLX.DE vs. EMA5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ETLX.DE L&G Gold Mining UCITS ETF | -11.01% | 152.51% | 27.45% | 11.01% | -7.07% | -3.33% | -2.16% |
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 5.40% | -2.08% | 14.60% | 4.24% | -4.92% | 8.07% | -0.83% |
Correlation
The correlation between ETLX.DE and EMA5.DE is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020 | -0.08 |
The correlation between ETLX.DE and EMA5.DE shifts across timeframes, from -0.22 (1 year) to -0.08 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ETLX.DE vs. EMA5.DE — Risk / Return Rank
ETLX.DE
EMA5.DE
ETLX.DE vs. EMA5.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 ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.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 | EMA5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.28 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 3.22 | -1.65 |
| Martin ratioReturn relative to average drawdown | 4.06 | 8.73 | -4.66 |
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Drawdowns
ETLX.DE vs. EMA5.DE - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than EMA5.DE's maximum drawdown of -10.01%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and EMA5.DE.
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Drawdown Indicators
| ETLX.DE | EMA5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -10.01% | -63.43% |
Max Drawdown (1Y)Largest decline over 1 year | -34.64% | -2.87% | -31.77% |
Max Drawdown (3Y)Largest decline over 3 years | -34.64% | -10.01% | -24.63% |
Max Drawdown (5Y)Largest decline over 5 years | -42.01% | -10.01% | -32.00% |
Max Drawdown (10Y)Largest decline over 10 years | -47.06% | — | — |
Current DrawdownCurrent decline from peak | -31.42% | 0.00% | -31.42% |
Average DrawdownAverage peak-to-trough decline | -34.39% | -3.35% | -31.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.42% | 1.07% | +12.35% |
Volatility
ETLX.DE vs. EMA5.DE - Volatility Comparison
L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 18.05% compared to L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.DE) at 2.54%. This indicates that ETLX.DE's price experiences larger fluctuations and is considered to be riskier than EMA5.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 | EMA5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.05% | 2.54% | +15.51% |
Volatility (6M)Calculated over the trailing 6-month period | 37.79% | 4.80% | +32.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.47% | 6.29% | +41.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.52% | 7.12% | +29.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.99% | 7.00% | +26.99% |
ETLX.DE vs. EMA5.DE - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than EMA5.DE's 0.25% expense ratio.
Dividends
ETLX.DE vs. EMA5.DE - Dividend Comparison
ETLX.DE has not paid dividends to shareholders, while EMA5.DE's dividend yield for the trailing twelve months is around 5.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 5.19% | 6.10% | 5.86% | 4.63% | 3.06% | 1.19% |
ETLX.DE L&G Gold Mining UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ETLX.DE and EMA5.DE have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMA5.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMA5.DE is cheaper with a 0.25% expense ratio, compared with 0.65% for ETLX.DE.
ETLX.DE is categorized as Gold, while EMA5.DE is Emerging Markets Bonds. ETLX.DE tracks DAXglobal® Gold Miners, while EMA5.DE tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity. Their fees differ too: 0.65% for ETLX.DE and 0.25% for EMA5.DE.
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