ETLX.DE vs. RGLD

Last updated Aug 6, 2026

ETLX.DE (L&G Gold Mining UCITS ETF) is Gold fund tracking the DAXglobal® Gold Miners, while RGLD (Royal Gold, Inc.) is a stock. Over the past 10 years, ETLX.DE returned 12.92%/yr vs 10.74%/yr for RGLD. Their 0.53 correlation means they have sometimes moved together and sometimes differently.

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 -3.79% return, which is significantly lower than RGLD's -1.02% return. Over the past 10 years, ETLX.DE has outperformed RGLD with an annualized return of 12.92%, while RGLD has yielded a comparatively lower 10.74% annualized return.

ETLX.DE

• 1D: 8.27%
• 1M: 4.97%
• 6M: -11.78%
• YTD: -3.79%
• 1Y: 53.03%
• 3Y*: 50.82%
• 5Y*: 27.00%
• 10Y*: 12.92%
• ALL TIME*: 7.47%

RGLD

• 1D: 4.14%
• 1M: 5.49%
• 6M: -17.02%
• YTD: -1.02%
• 1Y: 35.62%
• 3Y*: 23.17%
• 5Y*: 14.87%
• 10Y*: 10.74%
• ALL TIME*: 13.60%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ETLX.DE L&G Gold Mining UCITS ETF	€807.89K	€689.15K	€1.06M
RGLD Royal Gold, Inc.	€131.53M	€120.95M	€130.71M

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	-3.79%	152.51%	27.45%	11.01%	-7.07%	-3.33%	12.25%	42.55%	-5.79%	-3.18%
RGLD Royal Gold, Inc.	-1.02%	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 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.63
Correlation (5Y) Shows whether the relationship held over a longer period.	0.63
Correlation (10Y) Provides a long-term view across more market conditions.	0.56
Correlation (All Time) Calculated using the full available price history since Jun 9, 2009	0.53

The correlation between ETLX.DE and RGLD shifts across timeframes, from 0.53 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ETLX.DE vs. RGLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ETLX.DE

ETLX.DE Risk / Return Rank: 35
ETLX.DE Sharpe Ratio Rank: 37
ETLX.DE Sortino Ratio Rank: 37
ETLX.DE Omega Ratio Rank: 36
ETLX.DE Calmar Ratio Rank: 36
ETLX.DE Martin Ratio Rank: 30

RGLD

RGLD Risk / Return Rank: 66
RGLD Sharpe Ratio Rank: 71
RGLD Sortino Ratio Rank: 65
RGLD Omega Ratio Rank: 65
RGLD Calmar Ratio Rank: 64
RGLD Martin Ratio Rank: 63

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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	RGLD	Difference
Sharpe ratio: Return per unit of total volatility	1.07	0.93	+0.14
Sortino ratio: Return per unit of downside risk	1.59	1.40	+0.19
Omega ratio: Gain probability vs. loss probability	1.19	1.18	+0.02
Calmar ratio: Return relative to maximum drawdown	1.43	0.98	+0.46
Martin ratio: Return relative to average drawdown	3.04	2.07	+0.97

ETLX.DE vs. RGLD - Sharpe Ratio Comparison

The current ETLX.DE Sharpe Ratio is 1.07, which is comparable to the RGLD Sharpe Ratio of 0.93. 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.

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	-36.81%	-36.66%	-0.15%
Max Drawdown (3Y) Largest decline over 3 years	-36.81%	-36.66%	-0.15%
Max Drawdown (5Y) Largest decline over 5 years	-42.01%	-36.66%	-5.35%
Max Drawdown (10Y) Largest decline over 10 years	-46.81%	-48.99%	+2.18%
Current Drawdown Current decline from peak	-25.86%	-28.20%	+2.34%
Average Drawdown Average peak-to-trough decline	-34.38%	-17.65%	-16.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.41%	17.25%	+0.16%

Volatility

ETLX.DE vs. RGLD - Volatility Comparison

L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 15.15% compared to Royal Gold, Inc. (RGLD) at 9.97%. 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	15.15%	9.97%	+5.18%
Volatility (6M) Calculated over the trailing 6-month period	36.93%	29.09%	+7.84%
Volatility (1Y) Calculated over the trailing 1-year period	49.32%	38.37%	+10.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.15%	29.95%	+7.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.25%	32.21%	+2.04%

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 0.87%.

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.	0.87%	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 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.