ETLX.DE vs. NQSE.DE
ETLX.DE (L&G Gold Mining UCITS ETF) and NQSE.DE (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners, while NQSE.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, ETLX.DE returned 22.00%/yr vs 11.89%/yr for NQSE.DE. At a 0.18 correlation, their price movements are largely independent. ETLX.DE charges 0.65%/yr vs 0.33%/yr for NQSE.DE.
Performance
ETLX.DE vs. NQSE.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 NQSE.DE's 10.53% 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%
NQSE.DE
- 1D
- -2.24%
- 1M
- -5.74%
- 6M
- 10.53%
- YTD
- 10.53%
- 1Y
- 21.18%
- 3Y*
- 20.13%
- 5Y*
- 11.89%
- 10Y*
- —
ETLX.DE vs. NQSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ETLX.DE L&G Gold Mining UCITS ETF | -17.69% | 152.51% | 27.45% | 11.01% | -7.07% | -3.33% | 12.25% | 42.55% | 21.96% |
NQSE.DE iShares NASDAQ 100 UCITS ETF | 10.53% | 18.19% | 24.02% | 52.15% | -36.27% | 27.38% | 45.18% | 35.63% | -15.97% |
Correlation
The correlation between ETLX.DE and NQSE.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2018 | 0.18 |
Over the past year, ETLX.DE and NQSE.DE have become more correlated (0.41) than their long-term average of 0.18, meaning their price movements have been converging.
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Return for Risk
ETLX.DE vs. NQSE.DE — Risk / Return Rank
ETLX.DE
NQSE.DE
ETLX.DE vs. NQSE.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 NASDAQ 100 UCITS ETF (NQSE.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 | NQSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.78 | -0.53 |
| Martin ratioReturn relative to average drawdown | 2.92 | 5.78 | -2.86 |
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Drawdowns
ETLX.DE vs. NQSE.DE - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than NQSE.DE's maximum drawdown of -37.62%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and NQSE.DE.
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Drawdown Indicators
| ETLX.DE | NQSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -37.62% | -35.82% |
Max Drawdown (1Y)Largest decline over 1 year | -36.57% | -11.88% | -24.69% |
Max Drawdown (3Y)Largest decline over 3 years | -36.57% | -22.41% | -14.16% |
Max Drawdown (5Y)Largest decline over 5 years | -42.01% | -37.62% | -4.39% |
Max Drawdown (10Y)Largest decline over 10 years | -47.06% | — | — |
Current DrawdownCurrent decline from peak | -36.57% | -6.95% | -29.62% |
Average DrawdownAverage peak-to-trough decline | -34.38% | -8.49% | -25.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.71% | 3.67% | +12.04% |
Volatility
ETLX.DE vs. NQSE.DE - Volatility Comparison
L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 13.74% compared to iShares NASDAQ 100 UCITS ETF (NQSE.DE) at 6.20%. This indicates that ETLX.DE's price experiences larger fluctuations and is considered to be riskier than NQSE.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 | NQSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.74% | 6.20% | +7.54% |
Volatility (6M)Calculated over the trailing 6-month period | 37.76% | 13.90% | +23.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.26% | 17.71% | +30.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.80% | 21.19% | +15.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.09% | 21.60% | +12.49% |
ETLX.DE vs. NQSE.DE - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than NQSE.DE's 0.33% expense ratio.
Dividends
ETLX.DE vs. NQSE.DE - Dividend Comparison
Neither ETLX.DE nor NQSE.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLX.DE and NQSE.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NQSE.DE is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NQSE.DE is cheaper with a 0.33% expense ratio, compared with 0.65% for ETLX.DE.
ETLX.DE is categorized as Gold, while NQSE.DE is Nasdaq-100. ETLX.DE tracks DAXglobal® Gold Miners, while NQSE.DE tracks NASDAQ-100 Index. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.65% for ETLX.DE and 0.33% for NQSE.DE.
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