ETLX.DE vs. VZLE.DE
ETLX.DE (L&G Gold Mining UCITS ETF) and VZLE.DE (WisdomTree Physical Precious Metals) are both Precious Metals funds - ETLX.DE tracks the DAXglobal® Gold Miners while VZLE.DE tracks the LBMA & LPPM Precious Metals Price PM - Benchmark Price Return. Both are passively managed. Over the past 10 years, ETLX.DE returned 15.32%/yr vs 12.20%/yr for VZLE.DE. A 0.54 correlation means they provide meaningful diversification when combined. ETLX.DE charges 0.65%/yr vs 0.44%/yr for VZLE.DE.
Performance
ETLX.DE vs. VZLE.DE - Performance Comparison
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Different Trading Currencies
ETLX.DE is traded in EUR, while VZLE.DE is traded in USD. To make them comparable, the VZLE.DE 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 VZLE.DE's -1.12% return. Over the past 10 years, ETLX.DE has outperformed VZLE.DE with an annualized return of 15.32%, while VZLE.DE has yielded a comparatively lower 12.20% annualized return.
ETLX.DE
- 1D
- 0.57%
- 1M
- -6.27%
- YTD
- -2.30%
- 6M
- 5.08%
- 1Y
- 60.19%
- 3Y*
- 46.63%
- 5Y*
- 23.41%
- 10Y*
- 15.32%
VZLE.DE
- 1D
- -0.44%
- 1M
- -1.27%
- YTD
- -1.12%
- 6M
- 10.90%
- 1Y
- 45.87%
- 3Y*
- 21.82%
- 5Y*
- 13.65%
- 10Y*
- 12.20%
ETLX.DE vs. VZLE.DE - 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% |
VZLE.DE WisdomTree Physical Precious Metals | -1.11% | 50.99% | 30.82% | -9.42% | 10.88% | 6.60% | 4.47% | 31.26% | 9.47% | -10.88% |
Correlation
The correlation between ETLX.DE and VZLE.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2009 | 0.54 |
The correlation between ETLX.DE and VZLE.DE shifts across timeframes, from 0.52 (10 years) to 0.66 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETLX.DE vs. VZLE.DE — Risk / Return Rank
ETLX.DE
VZLE.DE
ETLX.DE vs. VZLE.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 WisdomTree Physical Precious Metals (VZLE.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 | VZLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.27 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.02 | +0.08 |
| Martin ratioReturn relative to average drawdown | 5.29 | 4.73 | +0.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ETLX.DE | VZLE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 1.42 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.58 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.58 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.46 | -0.24 |
Drawdowns
ETLX.DE vs. VZLE.DE - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than VZLE.DE's maximum drawdown of -39.29%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and VZLE.DE.
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Drawdown Indicators
| ETLX.DE | VZLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -39.29% | -34.15% |
Max Drawdown (1Y)Largest decline over 1 year | -28.89% | -22.56% | -6.33% |
Max Drawdown (3Y)Largest decline over 3 years | -28.89% | -22.56% | -6.33% |
Max Drawdown (5Y)Largest decline over 5 years | -42.03% | -28.94% | -13.09% |
Max Drawdown (10Y)Largest decline over 10 years | -47.05% | -28.94% | -18.11% |
Current DrawdownCurrent decline from peak | -24.71% | -20.66% | -4.05% |
Average DrawdownAverage peak-to-trough decline | -34.69% | -13.88% | -20.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.52% | 9.66% | +1.86% |
Volatility
ETLX.DE vs. VZLE.DE - Volatility Comparison
L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 14.03% compared to WisdomTree Physical Precious Metals (VZLE.DE) at 6.89%. This indicates that ETLX.DE's price experiences larger fluctuations and is considered to be riskier than VZLE.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 | VZLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.03% | 6.89% | +7.14% |
Volatility (6M)Calculated over the trailing 6-month period | 35.22% | 28.75% | +6.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.70% | 32.12% | +13.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.04% | 23.25% | +12.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.83% | 20.78% | +13.05% |
ETLX.DE vs. VZLE.DE - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than VZLE.DE's 0.44% expense ratio.
Dividends
ETLX.DE vs. VZLE.DE - Dividend Comparison
Neither ETLX.DE nor VZLE.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLX.DE and VZLE.DE 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.
On fees, VZLE.DE is cheaper at 0.44% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VZLE.DE is cheaper with a 0.44% expense ratio, compared with 0.65% for ETLX.DE.
ETLX.DE tracks DAXglobal® Gold Miners, while VZLE.DE tracks LBMA & LPPM Precious Metals Price PM - Benchmark Price Return. They also come from different issuers: Legal & General and WisdomTree. Their fees differ too: 0.65% for ETLX.DE and 0.44% for VZLE.DE.
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