ETLX.DE vs. EUNN.DE
ETLX.DE (L&G Gold Mining UCITS ETF) and EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) are both exchange-traded funds - ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners, while EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI. Both are passively managed. Over the past 10 years, ETLX.DE returned 11.24%/yr vs 8.53%/yr for EUNN.DE. At a 0.11 correlation, their price movements are largely independent. ETLX.DE charges 0.65%/yr vs 0.12%/yr for EUNN.DE.
Performance
ETLX.DE vs. EUNN.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 EUNN.DE's 15.08% return. Over the past 10 years, ETLX.DE has outperformed EUNN.DE with an annualized return of 11.24%, while EUNN.DE has yielded a comparatively lower 8.53% 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%
EUNN.DE
- 1D
- -2.52%
- 1M
- -5.18%
- 6M
- 8.06%
- YTD
- 15.08%
- 1Y
- 32.94%
- 3Y*
- 15.60%
- 5Y*
- 9.33%
- 10Y*
- 8.53%
ETLX.DE vs. EUNN.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% |
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 15.08% | 13.46% | 12.91% | 15.16% | -11.48% | 9.24% | 4.12% | 22.22% | -10.32% | 10.42% |
Correlation
The correlation between ETLX.DE and EUNN.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2009 | 0.11 |
Over the past year, ETLX.DE and EUNN.DE have become more correlated (0.42) than their long-term average of 0.11, meaning their price movements have been converging.
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. EUNN.DE — Risk / Return Rank
ETLX.DE
EUNN.DE
ETLX.DE vs. EUNN.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 MSCI Japan IMI UCITS ETF (EUNN.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 | EUNN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.31 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 3.27 | -2.02 |
| Martin ratioReturn relative to average drawdown | 2.92 | 10.78 | -7.85 |
Loading charts...
Drawdowns
ETLX.DE vs. EUNN.DE - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than EUNN.DE's maximum drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and EUNN.DE.
Loading charts...
Drawdown Indicators
| ETLX.DE | EUNN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -28.56% | -44.88% |
Max Drawdown (1Y)Largest decline over 1 year | -36.57% | -9.58% | -26.99% |
Max Drawdown (3Y)Largest decline over 3 years | -36.57% | -15.81% | -20.76% |
Max Drawdown (5Y)Largest decline over 5 years | -42.01% | -19.41% | -22.60% |
Max Drawdown (10Y)Largest decline over 10 years | -47.06% | -28.56% | -18.50% |
Current DrawdownCurrent decline from peak | -36.57% | -6.26% | -30.31% |
Average DrawdownAverage peak-to-trough decline | -34.38% | -6.83% | -27.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.71% | 2.91% | +12.80% |
Volatility
ETLX.DE vs. EUNN.DE - Volatility Comparison
L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 13.74% compared to iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) at 6.29%. This indicates that ETLX.DE's price experiences larger fluctuations and is considered to be riskier than EUNN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETLX.DE | EUNN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.74% | 6.29% | +7.45% |
Volatility (6M)Calculated over the trailing 6-month period | 37.76% | 15.79% | +21.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.26% | 19.09% | +29.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.80% | 16.28% | +20.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.09% | 16.14% | +17.95% |
ETLX.DE vs. EUNN.DE - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than EUNN.DE's 0.12% expense ratio.
Dividends
ETLX.DE vs. EUNN.DE - Dividend Comparison
Neither ETLX.DE nor EUNN.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLX.DE and EUNN.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE is cheaper with a 0.12% expense ratio, compared with 0.65% for ETLX.DE.
ETLX.DE is categorized as Gold, while EUNN.DE is Japan Equities. ETLX.DE tracks DAXglobal® Gold Miners, while EUNN.DE tracks MSCI Japan IMI. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.65% for ETLX.DE and 0.12% for EUNN.DE.
Find the right allocation for ETLX.DE and EUNN.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