ETLX.DE vs. IS3N.DE
ETLX.DE (L&G Gold Mining UCITS ETF) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index (IMI). Both are passively managed. Over the past 10 years, ETLX.DE returned 11.24%/yr vs 8.50%/yr for IS3N.DE. At a 0.21 correlation, their price movements are largely independent. ETLX.DE charges 0.65%/yr vs 0.18%/yr for IS3N.DE.
Performance
ETLX.DE vs. IS3N.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 IS3N.DE's 18.17% return. Over the past 10 years, ETLX.DE has outperformed IS3N.DE with an annualized return of 11.24%, while IS3N.DE has yielded a comparatively lower 8.50% 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%
IS3N.DE
- 1D
- -1.97%
- 1M
- -9.63%
- 6M
- 10.94%
- YTD
- 18.17%
- 1Y
- 31.10%
- 3Y*
- 17.61%
- 5Y*
- 7.21%
- 10Y*
- 8.50%
ETLX.DE vs. IS3N.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% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 18.17% | 17.14% | 13.88% | 7.20% | -13.85% | 7.09% | 7.07% | 20.99% | -11.06% | 20.43% |
Correlation
The correlation between ETLX.DE and IS3N.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2014 | 0.21 |
Over the past year, ETLX.DE and IS3N.DE have become more correlated (0.46) than their long-term average of 0.21, meaning their price movements have been converging.
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Return for Risk
ETLX.DE vs. IS3N.DE — Risk / Return Rank
ETLX.DE
IS3N.DE
ETLX.DE vs. IS3N.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 Emerging Markets IMI UCITS ETF (Acc) (IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.29 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.89 | -1.63 |
| Martin ratioReturn relative to average drawdown | 2.92 | 8.76 | -5.83 |
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Drawdowns
ETLX.DE vs. IS3N.DE - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than IS3N.DE's maximum drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and IS3N.DE.
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Drawdown Indicators
| ETLX.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -35.06% | -38.38% |
Max Drawdown (1Y)Largest decline over 1 year | -36.57% | -10.59% | -25.98% |
Max Drawdown (3Y)Largest decline over 3 years | -36.57% | -19.18% | -17.39% |
Max Drawdown (5Y)Largest decline over 5 years | -42.01% | -21.99% | -20.02% |
Max Drawdown (10Y)Largest decline over 10 years | -47.06% | -32.51% | -14.55% |
Current DrawdownCurrent decline from peak | -36.57% | -10.59% | -25.98% |
Average DrawdownAverage peak-to-trough decline | -34.38% | -9.23% | -25.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.71% | 3.50% | +12.21% |
Volatility
ETLX.DE vs. IS3N.DE - Volatility Comparison
L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 13.74% compared to iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) at 8.01%. This indicates that ETLX.DE's price experiences larger fluctuations and is considered to be riskier than IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.74% | 8.01% | +5.73% |
Volatility (6M)Calculated over the trailing 6-month period | 37.76% | 17.36% | +20.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.26% | 19.68% | +28.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.80% | 16.72% | +20.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.09% | 18.19% | +15.90% |
ETLX.DE vs. IS3N.DE - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
ETLX.DE vs. IS3N.DE - Dividend Comparison
Neither ETLX.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLX.DE and IS3N.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3N.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3N.DE is cheaper with a 0.18% expense ratio, compared with 0.65% for ETLX.DE.
ETLX.DE is categorized as Gold, while IS3N.DE is Emerging Markets Equities. ETLX.DE tracks DAXglobal® Gold Miners, while IS3N.DE tracks MSCI Emerging Markets Investable Market Index (IMI). They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.65% for ETLX.DE and 0.18% for IS3N.DE.
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