ETLX.DE vs. IUSA.DE
ETLX.DE (L&G Gold Mining UCITS ETF) and IUSA.DE (iShares Core S&P 500 UCITS ETF USD Dist) are both exchange-traded funds - ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners, while IUSA.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, ETLX.DE returned 11.24%/yr vs 14.31%/yr for IUSA.DE. At a 0.11 correlation, their price movements are largely independent. ETLX.DE charges 0.65%/yr vs 0.07%/yr for IUSA.DE.
Performance
ETLX.DE vs. IUSA.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 IUSA.DE's 11.82% return. Over the past 10 years, ETLX.DE has underperformed IUSA.DE with an annualized return of 11.24%, while IUSA.DE has yielded a comparatively higher 14.31% 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%
IUSA.DE
- 1D
- -1.23%
- 1M
- 0.29%
- 6M
- 9.52%
- YTD
- 11.82%
- 1Y
- 21.99%
- 3Y*
- 18.64%
- 5Y*
- 13.46%
- 10Y*
- 14.31%
ETLX.DE vs. IUSA.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% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 11.82% | 4.69% | 32.36% | 22.47% | -14.25% | 40.75% | 6.77% | 34.55% | -1.14% | 6.67% |
Correlation
The correlation between ETLX.DE and IUSA.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2009 | 0.11 |
Over the past year, ETLX.DE and IUSA.DE have become more correlated (0.31) than their long-term average of 0.11, meaning their price movements have been converging.
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Return for Risk
ETLX.DE vs. IUSA.DE — Risk / Return Rank
ETLX.DE
IUSA.DE
ETLX.DE vs. IUSA.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 S&P 500 UCITS ETF USD Dist (IUSA.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 | IUSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.34 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 3.11 | -1.85 |
| Martin ratioReturn relative to average drawdown | 2.92 | 11.06 | -8.14 |
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Drawdowns
ETLX.DE vs. IUSA.DE - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than IUSA.DE's maximum drawdown of -52.05%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and IUSA.DE.
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Drawdown Indicators
| ETLX.DE | IUSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -52.05% | -21.39% |
Max Drawdown (1Y)Largest decline over 1 year | -36.57% | -6.90% | -29.67% |
Max Drawdown (3Y)Largest decline over 3 years | -36.57% | -23.36% | -13.21% |
Max Drawdown (5Y)Largest decline over 5 years | -42.01% | -23.36% | -18.65% |
Max Drawdown (10Y)Largest decline over 10 years | -47.06% | -33.67% | -13.39% |
Current DrawdownCurrent decline from peak | -36.57% | -1.33% | -35.24% |
Average DrawdownAverage peak-to-trough decline | -34.38% | -8.41% | -25.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.71% | 1.94% | +13.77% |
Volatility
ETLX.DE vs. IUSA.DE - Volatility Comparison
L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 13.74% compared to iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) at 3.00%. This indicates that ETLX.DE's price experiences larger fluctuations and is considered to be riskier than IUSA.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 | IUSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.74% | 3.00% | +10.74% |
Volatility (6M)Calculated over the trailing 6-month period | 37.76% | 7.88% | +29.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.26% | 11.64% | +36.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.80% | 15.21% | +21.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.09% | 16.04% | +18.05% |
ETLX.DE vs. IUSA.DE - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than IUSA.DE's 0.07% expense ratio.
Dividends
ETLX.DE vs. IUSA.DE - Dividend Comparison
ETLX.DE has not paid dividends to shareholders, while IUSA.DE's dividend yield for the trailing twelve months is around 0.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETLX.DE L&G Gold Mining UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 0.86% | 0.94% | 0.99% | 1.25% | 1.46% | 0.99% | 1.40% | 1.48% | 1.70% | 1.51% | 1.37% | 1.52% |
Frequently Asked Questions
ETLX.DE and IUSA.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSA.DE is cheaper with a 0.07% expense ratio, compared with 0.65% for ETLX.DE.
ETLX.DE is categorized as Gold, while IUSA.DE is S&P 500. ETLX.DE tracks DAXglobal® Gold Miners, while IUSA.DE tracks S&P 500 Index. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.65% for ETLX.DE and 0.07% for IUSA.DE.
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