ETLX.DE vs. G2XJ.DE
ETLX.DE (L&G Gold Mining UCITS ETF) and G2XJ.DE (VanEck Junior Gold Miners UCITS) are both Gold funds - ETLX.DE tracks the DAXglobal® Gold Miners while G2XJ.DE tracks the MVIS Global Junior Gold Miners. Both are passively managed. Over the past 10 years, ETLX.DE returned 12.92%/yr vs 9.31%/yr for G2XJ.DE. Their correlation of 0.93 means they have usually moved in the same direction. ETLX.DE charges 0.65%/yr vs 0.55%/yr for G2XJ.DE.
Performance
ETLX.DE vs. G2XJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLX.DE achieves a -3.79% return, which is significantly higher than G2XJ.DE's -4.54% return. Over the past 10 years, ETLX.DE has outperformed G2XJ.DE with an annualized return of 12.92%, while G2XJ.DE has yielded a comparatively lower 9.31% annualized return.
ETLX.DE
- 1D
- 8.27%
- 1M
- 4.97%
- 6M
- -11.78%
- YTD
- -3.79%
- 1Y
- 53.03%
- 3Y*
- 50.82%
- 5Y*
- 27.00%
- 10Y*
- 12.92%
- ALL TIME*
- 7.47%
G2XJ.DE
- 1D
- 8.61%
- 1M
- 5.02%
- 6M
- -11.56%
- YTD
- -4.54%
- 1Y
- 64.08%
- 3Y*
- 46.12%
- 5Y*
- 22.86%
- 10Y*
- 9.31%
- ALL TIME*
- 14.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ETLX.DE L&G Gold Mining UCITS ETF | €807.89K | €689.15K | €1.06M |
| €1.92M | €2.07M | €3.05M |
ETLX.DE vs. G2XJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETLX.DE L&G Gold Mining UCITS ETF | -3.79% | 152.51% | 27.45% | 11.01% | -7.07% | -3.33% | 12.25% | 42.55% | -5.79% | -3.18% |
G2XJ.DE VanEck Junior Gold Miners UCITS | -4.54% | 149.58% | 21.45% | 3.64% | -6.11% | -15.53% | 18.76% | 43.16% | -8.98% | -10.97% |
Correlation
The correlation between ETLX.DE and G2XJ.DE is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 27, 2015 | 0.93 |
The correlation between ETLX.DE and G2XJ.DE has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
ETLX.DE vs. G2XJ.DE — Risk / Return Rank
ETLX.DE
G2XJ.DE
ETLX.DE vs. G2XJ.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 VanEck Junior Gold Miners UCITS (G2XJ.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 | G2XJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.67 | -0.24 |
| Martin ratioReturn relative to average drawdown | 3.04 | 3.52 | -0.48 |
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Drawdowns
ETLX.DE vs. G2XJ.DE - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than G2XJ.DE's maximum drawdown of -49.96%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and G2XJ.DE.
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Drawdown Indicators
| ETLX.DE | G2XJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -49.96% | -23.48% |
Max Drawdown (1Y)Largest decline over 1 year | -36.81% | -38.10% | +1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -36.81% | -38.10% | +1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -42.01% | -40.81% | -1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -46.81% | -49.96% | +3.15% |
Current DrawdownCurrent decline from peak | -25.86% | -26.59% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -34.38% | -25.38% | -9.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.41% | 18.17% | -0.76% |
Volatility
ETLX.DE vs. G2XJ.DE - Volatility Comparison
The current volatility for L&G Gold Mining UCITS ETF (ETLX.DE) is 15.15%, while VanEck Junior Gold Miners UCITS (G2XJ.DE) has a volatility of 17.29%. This indicates that ETLX.DE experiences smaller price fluctuations and is considered to be less risky than G2XJ.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 | G2XJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.15% | 17.29% | -2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 36.93% | 40.32% | -3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.32% | 52.18% | -2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.15% | 38.42% | -1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.25% | 38.10% | -3.85% |
ETLX.DE vs. G2XJ.DE - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than G2XJ.DE's 0.55% expense ratio.
Dividends
ETLX.DE vs. G2XJ.DE - Dividend Comparison
Neither ETLX.DE nor G2XJ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, ETLX.DE and G2XJ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, G2XJ.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
G2XJ.DE is cheaper with a 0.55% expense ratio, compared with 0.65% for ETLX.DE.
ETLX.DE tracks DAXglobal® Gold Miners, while G2XJ.DE tracks MVIS Global Junior Gold Miners. They also come from different issuers: L&G and VanEck. Their fees differ too: 0.65% for ETLX.DE and 0.55% for G2XJ.DE.
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