ETLX.DE vs. IS0E.DE
ETLX.DE (L&G Gold Mining UCITS ETF) and IS0E.DE (iShares Gold Producers UCITS ETF) are both Precious Metals funds - ETLX.DE tracks the DAXglobal® Gold Miners while IS0E.DE tracks the S&P Commodity Producers Gold. Both are passively managed. Over the past 10 years, ETLX.DE returned 15.32%/yr vs 13.92%/yr for IS0E.DE. With a 0.96 correlation, they move nearly in lockstep. ETLX.DE charges 0.65%/yr vs 0.55%/yr for IS0E.DE.
Performance
ETLX.DE vs. IS0E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLX.DE achieves a -2.30% return, which is significantly lower than IS0E.DE's -0.06% return. Over the past 10 years, ETLX.DE has outperformed IS0E.DE with an annualized return of 15.32%, while IS0E.DE has yielded a comparatively lower 13.92% annualized return.
ETLX.DE
- 1D
- 0.57%
- 1M
- -6.27%
- YTD
- -2.30%
- 6M
- 5.08%
- 1Y
- 60.19%
- 3Y*
- 46.63%
- 5Y*
- 23.41%
- 10Y*
- 15.32%
IS0E.DE
- 1D
- 0.88%
- 1M
- -5.38%
- YTD
- -0.06%
- 6M
- 7.39%
- 1Y
- 60.26%
- 3Y*
- 38.14%
- 5Y*
- 19.77%
- 10Y*
- 13.92%
ETLX.DE vs. IS0E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETLX.DE L&G Gold Mining UCITS ETF | -2.30% | 152.55% | 27.41% | 11.05% | -7.10% | -3.32% | 12.25% | 42.55% | -5.79% | -3.18% |
IS0E.DE iShares Gold Producers UCITS ETF | -0.06% | 129.59% | 18.76% | 6.29% | -3.80% | -3.04% | 13.47% | 44.05% | -4.38% | -6.00% |
Correlation
The correlation between ETLX.DE and IS0E.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2012 | 0.96 |
The correlation between ETLX.DE and IS0E.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
ETLX.DE vs. IS0E.DE — Risk / Return Rank
ETLX.DE
IS0E.DE
ETLX.DE vs. IS0E.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 Gold Producers UCITS ETF (IS0E.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.
| ETLX.DE | IS0E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.17 | -0.06 |
| Martin ratioReturn relative to average drawdown | 5.29 | 5.45 | -0.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ETLX.DE | IS0E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 1.24 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.58 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.43 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.18 | +0.05 |
Drawdowns
ETLX.DE vs. IS0E.DE - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, roughly equal to the maximum IS0E.DE drawdown of -71.63%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and IS0E.DE.
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Drawdown Indicators
| ETLX.DE | IS0E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -71.63% | -1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -28.89% | -27.26% | -1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -28.89% | -27.26% | -1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -42.03% | -38.03% | -4.00% |
Max Drawdown (10Y)Largest decline over 10 years | -47.05% | -45.62% | -1.43% |
Current DrawdownCurrent decline from peak | -24.71% | -22.93% | -1.78% |
Average DrawdownAverage peak-to-trough decline | -34.69% | -33.74% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.52% | 10.85% | +0.67% |
Volatility
ETLX.DE vs. IS0E.DE - Volatility Comparison
L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 14.03% compared to iShares Gold Producers UCITS ETF (IS0E.DE) at 12.84%. This indicates that ETLX.DE's price experiences larger fluctuations and is considered to be riskier than IS0E.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 | IS0E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.03% | 12.84% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 35.22% | 33.62% | +1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.70% | 47.58% | -1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.04% | 33.83% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.83% | 32.53% | +1.30% |
ETLX.DE vs. IS0E.DE - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than IS0E.DE's 0.55% expense ratio.
Dividends
ETLX.DE vs. IS0E.DE - Dividend Comparison
Neither ETLX.DE nor IS0E.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, ETLX.DE and IS0E.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, IS0E.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS0E.DE is cheaper with a 0.55% expense ratio, compared with 0.65% for ETLX.DE.
ETLX.DE tracks DAXglobal® Gold Miners, while IS0E.DE tracks S&P Commodity Producers Gold. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.65% for ETLX.DE and 0.55% for IS0E.DE.
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