ETLX.DE vs. RGLD

Last updated Jun 5, 2026

ETLX.DE (L&G Gold Mining UCITS ETF) is Precious Metals fund tracking the DAXglobal® Gold Miners, while RGLD (Royal Gold, Inc.) is a stock. Over the past 10 years, ETLX.DE returned 15.32%/yr vs 14.46%/yr for RGLD. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

ETLX.DE vs. RGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Gold Mining UCITS ETF (ETLX.DE) and Royal Gold, Inc. (RGLD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ETLX.DE is traded in EUR, while RGLD is traded in USD. To make them comparable, the RGLD values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ETLX.DE achieves a -2.30% return, which is significantly lower than RGLD's 0.57% return. Over the past 10 years, ETLX.DE has outperformed RGLD with an annualized return of 15.32%, while RGLD has yielded a comparatively lower 14.46% annualized return.

ETLX.DE

• 1D: 0.57%
• 1M: -0.79%
• YTD: -2.30%
• 6M: 5.48%
• 1Y: 61.20%
• 3Y*: 46.63%
• 5Y*: 23.41%
• 10Y*: 15.32%

RGLD

• 1D: 1.42%
• 1M: -1.89%
• YTD: 0.57%
• 6M: 9.12%
• 1Y: 18.72%
• 3Y*: 19.84%
• 5Y*: 14.90%
• 10Y*: 14.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETLX.DE vs. RGLD - 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%
RGLD Royal Gold, Inc.	0.57%	50.20%	17.67%	5.44%	15.23%	7.52%	-19.37%	47.53%	10.49%	15.18%

Correlation

The correlation between ETLX.DE and RGLD is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Jun 9, 2009	0.52

The correlation between ETLX.DE and RGLD shifts across timeframes, from 0.52 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ETLX.DE vs. RGLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETLX.DE

ETLX.DE Risk / Return Rank: 37
ETLX.DE Sharpe Ratio Rank: 38
ETLX.DE Sortino Ratio Rank: 35
ETLX.DE Omega Ratio Rank: 36
ETLX.DE Calmar Ratio Rank: 43
ETLX.DE Martin Ratio Rank: 35

RGLD

RGLD Risk / Return Rank: 56
RGLD Sharpe Ratio Rank: 60
RGLD Sortino Ratio Rank: 53
RGLD Omega Ratio Rank: 53
RGLD Calmar Ratio Rank: 57
RGLD Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETLX.DE vs. RGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Gold Mining UCITS ETF (ETLX.DE) and Royal Gold, Inc. (RGLD). 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	RGLD	Difference
Sharpe ratio: Return per unit of total volatility	1.33	0.51	+0.83
Sortino ratio: Return per unit of downside risk	1.81	0.89	+0.92
Omega ratio: Gain probability vs. loss probability	1.23	1.12	+0.12
Calmar ratio: Return relative to maximum drawdown	2.11	0.66	+1.45
Martin ratio: Return relative to average drawdown	5.29	1.51	+3.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETLX.DE vs. RGLD - Sharpe Ratio Comparison

The current ETLX.DE Sharpe Ratio is 1.33, which is higher than the RGLD Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of ETLX.DE and RGLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ETLX.DE	RGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	0.51	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.51	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.45	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.38	-0.15

Drawdowns

ETLX.DE vs. RGLD - Drawdown Comparison

The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than RGLD's maximum drawdown of -68.47%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and RGLD.

Drawdown Indicators

	ETLX.DE	RGLD	Difference
Max Drawdown Largest peak-to-trough decline	-73.44%	-68.47%	-4.97%
Max Drawdown (1Y) Largest decline over 1 year	-28.89%	-28.54%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	-28.89%	-28.54%	-0.35%
Max Drawdown (5Y) Largest decline over 5 years	-42.03%	-32.91%	-9.12%
Max Drawdown (10Y) Largest decline over 10 years	-47.05%	-48.99%	+1.94%
Current Drawdown Current decline from peak	-24.71%	-27.04%	+2.33%
Average Drawdown Average peak-to-trough decline	-34.69%	-17.61%	-17.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.52%	12.45%	-0.93%

Volatility

ETLX.DE vs. RGLD - Volatility Comparison

L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 14.03% compared to Royal Gold, Inc. (RGLD) at 10.41%. This indicates that ETLX.DE's price experiences larger fluctuations and is considered to be riskier than RGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETLX.DE	RGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.03%	10.41%	+3.62%
Volatility (6M) Calculated over the trailing 6-month period	35.22%	29.94%	+5.28%
Volatility (1Y) Calculated over the trailing 1-year period	45.70%	37.16%	+8.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.04%	29.51%	+6.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.83%	32.17%	+1.66%

Dividends

ETLX.DE vs. RGLD - Dividend Comparison

ETLX.DE has not paid dividends to shareholders, while RGLD's dividend yield for the trailing twelve months is around 0.84%.

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%
RGLD Royal Gold, Inc.	0.84%	0.81%	1.21%	1.24%	1.24%	1.14%	1.05%	0.87%	1.17%	1.17%	1.45%	1.81%

Frequently Asked Questions

Can I hold both ETLX.DE and RGLD in my portfolio?

ETLX.DE and RGLD have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.