ETLX.DE vs. EUNH.DE
ETLX.DE (L&G Gold Mining UCITS ETF) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both exchange-traded funds - ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners, while EUNH.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 10 years, ETLX.DE returned 11.24%/yr vs -0.68%/yr for EUNH.DE. At a 0.16 correlation, their price movements are largely independent. ETLX.DE charges 0.65%/yr vs 0.07%/yr for EUNH.DE.
Performance
ETLX.DE vs. EUNH.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 EUNH.DE's -1.68% return. Over the past 10 years, ETLX.DE has outperformed EUNH.DE with an annualized return of 11.24%, while EUNH.DE has yielded a comparatively lower -0.68% 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%
EUNH.DE
- 1D
- 0.05%
- 1M
- -1.17%
- 6M
- -0.68%
- YTD
- -1.68%
- 1Y
- -1.04%
- 3Y*
- 1.61%
- 5Y*
- -2.85%
- 10Y*
- -0.68%
ETLX.DE vs. EUNH.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% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -1.68% | 0.80% | 1.52% | 6.83% | -18.31% | -3.38% | 4.72% | 6.76% | 0.86% | -0.13% |
Correlation
The correlation between ETLX.DE and EUNH.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2009 | 0.16 |
Over the past year, ETLX.DE and EUNH.DE have become more correlated (0.38) than their long-term average of 0.16, meaning their price movements have been converging.
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Return for Risk
ETLX.DE vs. EUNH.DE — Risk / Return Rank
ETLX.DE
EUNH.DE
ETLX.DE vs. EUNH.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 iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.96 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | -0.32 | +1.58 |
| Martin ratioReturn relative to average drawdown | 2.92 | -0.74 | +3.67 |
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Drawdowns
ETLX.DE vs. EUNH.DE - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than EUNH.DE's maximum drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and EUNH.DE.
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Drawdown Indicators
| ETLX.DE | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -22.42% | -51.02% |
Max Drawdown (1Y)Largest decline over 1 year | -36.57% | -3.59% | -32.98% |
Max Drawdown (3Y)Largest decline over 3 years | -36.57% | -4.10% | -32.47% |
Max Drawdown (5Y)Largest decline over 5 years | -42.01% | -21.53% | -20.48% |
Max Drawdown (10Y)Largest decline over 10 years | -47.06% | -22.42% | -24.64% |
Current DrawdownCurrent decline from peak | -36.57% | -15.48% | -21.09% |
Average DrawdownAverage peak-to-trough decline | -34.38% | -5.88% | -28.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.71% | 1.57% | +14.14% |
Volatility
ETLX.DE vs. EUNH.DE - Volatility Comparison
L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 13.74% compared to iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) at 1.12%. This indicates that ETLX.DE's price experiences larger fluctuations and is considered to be riskier than EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.74% | 1.12% | +12.62% |
Volatility (6M)Calculated over the trailing 6-month period | 37.76% | 3.74% | +34.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.26% | 4.55% | +43.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.80% | 6.37% | +30.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.09% | 5.52% | +28.57% |
ETLX.DE vs. EUNH.DE - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than EUNH.DE's 0.07% expense ratio.
Dividends
ETLX.DE vs. EUNH.DE - Dividend Comparison
ETLX.DE has not paid dividends to shareholders, while EUNH.DE's dividend yield for the trailing twelve months is around 1.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 1.31% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
Frequently Asked Questions
ETLX.DE and EUNH.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNH.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNH.DE is cheaper with a 0.07% expense ratio, compared with 0.65% for ETLX.DE.
ETLX.DE is categorized as Gold, while EUNH.DE is European Government Bonds. ETLX.DE tracks DAXglobal® Gold Miners, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.65% for ETLX.DE and 0.07% for EUNH.DE.
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