ETLX.DE vs. XDEW.DE
ETLX.DE (L&G Gold Mining UCITS ETF) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, ETLX.DE returned 11.24%/yr vs 11.04%/yr for XDEW.DE. At a 0.08 correlation, their price movements are largely independent. ETLX.DE charges 0.65%/yr vs 0.20%/yr for XDEW.DE.
Performance
ETLX.DE vs. XDEW.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 XDEW.DE's 14.50% return. Both investments have delivered pretty close results over the past 10 years, with ETLX.DE having a 11.24% annualized return and XDEW.DE not far behind at 11.04%.
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%
XDEW.DE
- 1D
- -0.34%
- 1M
- 2.42%
- 6M
- 9.75%
- YTD
- 14.50%
- 1Y
- 20.12%
- 3Y*
- 12.62%
- 5Y*
- 9.52%
- 10Y*
- 11.04%
ETLX.DE vs. XDEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETLX.DE L&G Gold Mining UCITS ETF | -17.69% | 152.51% | 27.45% | 11.01% | -7.07% | -3.33% | 12.25% | 42.55% | -5.79% | -3.18% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.50% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.53% | 4.00% |
Correlation
The correlation between ETLX.DE and XDEW.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | 0.08 |
The correlation between ETLX.DE and XDEW.DE shifts across timeframes, from 0.08 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETLX.DE vs. XDEW.DE — Risk / Return Rank
ETLX.DE
XDEW.DE
ETLX.DE vs. XDEW.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 Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.35 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 3.91 | -2.66 |
| Martin ratioReturn relative to average drawdown | 2.92 | 12.05 | -9.13 |
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Drawdowns
ETLX.DE vs. XDEW.DE - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than XDEW.DE's maximum drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and XDEW.DE.
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Drawdown Indicators
| ETLX.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -38.79% | -34.65% |
Max Drawdown (1Y)Largest decline over 1 year | -36.57% | -5.06% | -31.51% |
Max Drawdown (3Y)Largest decline over 3 years | -36.57% | -22.70% | -13.87% |
Max Drawdown (5Y)Largest decline over 5 years | -42.01% | -22.70% | -19.31% |
Max Drawdown (10Y)Largest decline over 10 years | -47.06% | -38.79% | -8.27% |
Current DrawdownCurrent decline from peak | -36.57% | -0.61% | -35.96% |
Average DrawdownAverage peak-to-trough decline | -34.38% | -5.33% | -29.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.71% | 1.65% | +14.06% |
Volatility
ETLX.DE vs. XDEW.DE - Volatility Comparison
L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 13.74% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) at 2.81%. This indicates that ETLX.DE's price experiences larger fluctuations and is considered to be riskier than XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.74% | 2.81% | +10.93% |
Volatility (6M)Calculated over the trailing 6-month period | 37.76% | 6.82% | +30.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.26% | 10.43% | +37.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.80% | 14.90% | +21.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.09% | 16.80% | +17.29% |
ETLX.DE vs. XDEW.DE - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than XDEW.DE's 0.20% expense ratio.
Dividends
ETLX.DE vs. XDEW.DE - Dividend Comparison
Neither ETLX.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLX.DE and XDEW.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEW.DE is cheaper with a 0.20% expense ratio, compared with 0.65% for ETLX.DE.
ETLX.DE is categorized as Gold, while XDEW.DE is S&P 500. ETLX.DE tracks DAXglobal® Gold Miners, while XDEW.DE tracks S&P 500 Equal Weight Index. They also come from different issuers: Legal & General and Xtrackers. Their fees differ too: 0.65% for ETLX.DE and 0.20% for XDEW.DE.
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