ETLX.DE vs. GLDA.DE
ETLX.DE (L&G Gold Mining UCITS ETF) and GLDA.DE (Amundi Physical Gold ETC (C)) are both Gold funds - ETLX.DE tracks the DAXglobal® Gold Miners while GLDA.DE tracks the Gold. Both are passively managed. Over the past 5 years, ETLX.DE returned 27.00%/yr vs 18.65%/yr for GLDA.DE. Their 0.71 correlation means they have sometimes moved together and sometimes differently. ETLX.DE charges 0.65%/yr vs 0.12%/yr for GLDA.DE.
Performance
ETLX.DE vs. GLDA.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 GLDA.DE's -5.47% 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%
GLDA.DE
- 1D
- 0.00%
- 1M
- -2.58%
- 6M
- -15.18%
- YTD
- -5.47%
- 1Y
- 21.05%
- 3Y*
- 26.12%
- 5Y*
- 18.65%
- 10Y*
- —
- ALL TIME*
- 15.52%
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 |
GLDA.DE Amundi Physical Gold ETC (C) | €2.06M | €2.09M | €2.29M |
ETLX.DE vs. GLDA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ETLX.DE L&G Gold Mining UCITS ETF | -3.79% | 152.51% | 27.45% | 11.01% | -7.07% | -3.33% | 12.25% | 5.82% |
GLDA.DE Amundi Physical Gold ETC (C) | -5.47% | 48.99% | 34.24% | 9.40% | 7.00% | 3.88% | 12.92% | 6.37% |
Correlation
The correlation between ETLX.DE and GLDA.DE is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2019 | 0.71 |
The correlation between ETLX.DE and GLDA.DE shifts across timeframes, from 0.71 (all time) to 0.81 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETLX.DE vs. GLDA.DE — Risk / Return Rank
ETLX.DE
GLDA.DE
ETLX.DE vs. GLDA.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 Amundi Physical Gold ETC (C) (GLDA.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 | GLDA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.94 | +0.50 |
| Martin ratioReturn relative to average drawdown | 3.04 | 1.96 | +1.07 |
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Drawdowns
ETLX.DE vs. GLDA.DE - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than GLDA.DE's maximum drawdown of -22.55%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and GLDA.DE.
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Drawdown Indicators
| ETLX.DE | GLDA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -22.55% | -50.89% |
Max Drawdown (1Y)Largest decline over 1 year | -36.81% | -22.55% | -14.26% |
Max Drawdown (3Y)Largest decline over 3 years | -36.81% | -22.55% | -14.26% |
Max Drawdown (5Y)Largest decline over 5 years | -42.01% | -22.55% | -19.46% |
Max Drawdown (10Y)Largest decline over 10 years | -46.81% | — | — |
Current DrawdownCurrent decline from peak | -25.86% | -21.79% | -4.07% |
Average DrawdownAverage peak-to-trough decline | -34.38% | -6.14% | -28.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.41% | 10.74% | +6.67% |
Volatility
ETLX.DE vs. GLDA.DE - Volatility Comparison
L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 15.15% compared to Amundi Physical Gold ETC (C) (GLDA.DE) at 5.98%. This indicates that ETLX.DE's price experiences larger fluctuations and is considered to be riskier than GLDA.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 | GLDA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.15% | 5.98% | +9.17% |
Volatility (6M)Calculated over the trailing 6-month period | 36.93% | 18.06% | +18.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.32% | 24.75% | +24.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.15% | 16.54% | +20.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.25% | 16.13% | +18.12% |
ETLX.DE vs. GLDA.DE - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than GLDA.DE's 0.12% expense ratio.
Dividends
ETLX.DE vs. GLDA.DE - Dividend Comparison
Neither ETLX.DE nor GLDA.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLX.DE and GLDA.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDA.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDA.DE is cheaper with a 0.12% expense ratio, compared with 0.65% for ETLX.DE.
ETLX.DE tracks DAXglobal® Gold Miners, while GLDA.DE tracks Gold. They also come from different issuers: L&G and Amundi. Their fees differ too: 0.65% for ETLX.DE and 0.12% for GLDA.DE.
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