ETLX.DE vs. UBUD.DE

Last updated Apr 2, 2026

Compare and contrast key facts about L&G Gold Mining UCITS ETF (ETLX.DE) and UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE).

ETLX.DE and UBUD.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETLX.DE is a passively managed fund by Legal & General that tracks the performance of the DAXglobal® Gold Miners. It was launched on Sep 11, 2008. UBUD.DE is a passively managed fund by UBS that tracks the performance of the Solactive Global Pure Gold Miners. It was launched on Nov 15, 2012. Both ETLX.DE and UBUD.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ETLX.DE vs. UBUD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Gold Mining UCITS ETF (ETLX.DE) and UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE). The values are adjusted to include any dividend payments, if applicable.

ETLX.DE vs. UBUD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETLX.DE L&G Gold Mining UCITS ETF	10.94%	152.55%	27.41%	11.05%	-7.10%	-3.32%	12.25%	42.55%	-5.79%	-3.18%
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist	10.71%	144.52%	34.69%	6.34%	0.11%	-8.41%	15.71%	40.46%	-6.02%	-3.26%

Returns By Period

The year-to-date returns for both stocks are quite close, with ETLX.DE having a 10.94% return and UBUD.DE slightly lower at 10.71%. Both investments have delivered pretty close results over the past 10 years, with ETLX.DE having a 19.58% annualized return and UBUD.DE not far behind at 19.01%.

ETLX.DE

• 1D: 7.67%
• 1M: -13.88%
• YTD: 10.94%
• 6M: 28.07%
• 1Y: 103.62%
• 3Y*: 52.43%
• 5Y*: 29.10%
• 10Y*: 19.58%

UBUD.DE

• 1D: 7.28%
• 1M: -13.53%
• YTD: 10.71%
• 6M: 29.45%
• 1Y: 103.48%
• 3Y*: 50.21%
• 5Y*: 30.77%
• 10Y*: 19.01%

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

ETLX.DE vs. UBUD.DE - Expense Ratio Comparison

ETLX.DE has a 0.65% expense ratio, which is higher than UBUD.DE's 0.43% expense ratio.

ETLX.DE

L&G Gold Mining UCITS ETF

UBUD.DE

UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist

Return for Risk

ETLX.DE vs. UBUD.DE — 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: 90
ETLX.DE Sharpe Ratio Rank: 93
ETLX.DE Sortino Ratio Rank: 89
ETLX.DE Omega Ratio Rank: 84
ETLX.DE Calmar Ratio Rank: 93
ETLX.DE Martin Ratio Rank: 90

UBUD.DE

UBUD.DE Risk / Return Rank: 90
UBUD.DE Sharpe Ratio Rank: 93
UBUD.DE Sortino Ratio Rank: 88
UBUD.DE Omega Ratio Rank: 84
UBUD.DE Calmar Ratio Rank: 93
UBUD.DE Martin Ratio Rank: 91

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. UBUD.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 UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.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.

	ETLX.DE	UBUD.DE	Difference
Sharpe ratio Return per unit of total volatility	2.24	2.25	-0.01
Sortino ratio Return per unit of downside risk	2.54	2.53	+0.02
Omega ratio Gain probability vs. loss probability	1.35	1.35	0.00
Calmar ratio Return relative to maximum drawdown	3.66	3.67	-0.01
Martin ratio Return relative to average drawdown	12.59	12.76	-0.17
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. UBUD.DE - Sharpe Ratio Comparison

The current ETLX.DE Sharpe Ratio is 2.24, which is comparable to the UBUD.DE Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of ETLX.DE and UBUD.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ETLX.DE	UBUD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	2.25	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.87	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.53	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.31	-0.05

Correlation

The correlation between ETLX.DE and UBUD.DE is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ETLX.DE vs. UBUD.DE - Dividend Comparison

ETLX.DE has not paid dividends to shareholders, while UBUD.DE's dividend yield for the trailing twelve months is around 0.50%.

	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%
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist	0.50%	0.40%	0.56%	1.74%	1.12%	1.15%	0.44%	0.42%	0.48%	0.46%	0.43%	1.38%

Drawdowns

ETLX.DE vs. UBUD.DE - Drawdown Comparison

The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than UBUD.DE's maximum drawdown of -57.79%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and UBUD.DE.

Drawdown Indicators

	ETLX.DE	UBUD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-73.44%	-57.79%	-15.65%
Max Drawdown (1Y) Largest decline over 1 year	-28.89%	-28.94%	+0.05%
Max Drawdown (5Y) Largest decline over 5 years	-42.03%	-38.21%	-3.82%
Max Drawdown (10Y) Largest decline over 10 years	-47.05%	-50.40%	+3.35%
Current Drawdown Current decline from peak	-14.50%	-13.85%	-0.65%
Average Drawdown Average peak-to-trough decline	-34.84%	-28.17%	-6.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.41%	8.32%	+0.09%

Volatility

ETLX.DE vs. UBUD.DE - Volatility Comparison

L&G Gold Mining UCITS ETF (ETLX.DE) and UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) have volatilities of 18.11% and 18.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETLX.DE	UBUD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.11%	18.81%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	38.49%	38.95%	-0.46%
Volatility (1Y) Calculated over the trailing 1-year period	45.99%	45.70%	+0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.47%	35.08%	+0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.83%	35.66%	-1.83%