ETLX.DE vs. EMXC.DE
ETLX.DE (L&G Gold Mining UCITS ETF) and EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) are both exchange-traded funds - ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners, while EMXC.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, ETLX.DE returned 22.00%/yr vs 11.87%/yr for EMXC.DE. At a 0.25 correlation, their price movements are largely independent. ETLX.DE charges 0.65%/yr vs 0.15%/yr for EMXC.DE.
Performance
ETLX.DE vs. EMXC.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETLX.DE achieves a -17.69% return, which is significantly lower than EMXC.DE's 30.36% 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%
EMXC.DE
- 1D
- -1.60%
- 1M
- -12.60%
- 6M
- 21.10%
- YTD
- 30.36%
- 1Y
- 49.32%
- 3Y*
- 21.90%
- 5Y*
- 11.87%
- 10Y*
- —
ETLX.DE vs. EMXC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ETLX.DE L&G Gold Mining UCITS ETF | -17.69% | 152.51% | 27.45% | 11.01% | -7.07% | -3.33% | 12.25% | 23.76% |
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 30.36% | 19.92% | 9.13% | 14.31% | -13.59% | 17.56% | 2.25% | -4.50% |
Correlation
The correlation between ETLX.DE and EMXC.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.25 |
The correlation between ETLX.DE and EMXC.DE shifts across timeframes, from 0.25 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETLX.DE vs. EMXC.DE — Risk / Return Rank
ETLX.DE
EMXC.DE
ETLX.DE vs. EMXC.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 Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.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 | EMXC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 3.51 | -2.26 |
| Martin ratioReturn relative to average drawdown | 2.92 | 12.15 | -9.22 |
Loading charts...
Drawdowns
ETLX.DE vs. EMXC.DE - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than EMXC.DE's maximum drawdown of -40.89%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and EMXC.DE.
Loading charts...
Drawdown Indicators
| ETLX.DE | EMXC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -40.89% | -32.55% |
Max Drawdown (1Y)Largest decline over 1 year | -36.57% | -13.66% | -22.91% |
Max Drawdown (3Y)Largest decline over 3 years | -36.57% | -20.47% | -16.10% |
Max Drawdown (5Y)Largest decline over 5 years | -42.01% | -20.47% | -21.54% |
Max Drawdown (10Y)Largest decline over 10 years | -47.06% | — | — |
Current DrawdownCurrent decline from peak | -36.57% | -13.66% | -22.91% |
Average DrawdownAverage peak-to-trough decline | -34.38% | -7.73% | -26.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.71% | 3.95% | +11.76% |
Volatility
ETLX.DE vs. EMXC.DE - Volatility Comparison
L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 13.74% compared to Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) at 9.94%. This indicates that ETLX.DE's price experiences larger fluctuations and is considered to be riskier than EMXC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETLX.DE | EMXC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.74% | 9.94% | +3.80% |
Volatility (6M)Calculated over the trailing 6-month period | 37.76% | 20.82% | +16.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.26% | 23.00% | +25.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.80% | 16.71% | +20.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.09% | 19.20% | +14.89% |
ETLX.DE vs. EMXC.DE - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than EMXC.DE's 0.15% expense ratio.
Dividends
ETLX.DE vs. EMXC.DE - Dividend Comparison
Neither ETLX.DE nor EMXC.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLX.DE and EMXC.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMXC.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMXC.DE is cheaper with a 0.15% expense ratio, compared with 0.65% for ETLX.DE.
ETLX.DE is categorized as Gold, while EMXC.DE is Emerging Markets Equities. ETLX.DE tracks DAXglobal® Gold Miners, while EMXC.DE tracks MSCI EM NR USD. They also come from different issuers: Legal & General and Amundi. Their fees differ too: 0.65% for ETLX.DE and 0.15% for EMXC.DE.
Find the right allocation for ETLX.DE and EMXC.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer