ETLX.DE vs. YGLD.DE
ETLX.DE (L&G Gold Mining UCITS ETF) and YGLD.DE (IncomeShares Gold + Yield ETP) are both exchange-traded funds - ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners, while YGLD.DE is a Derivative Income fund actively managed by Leverage Shares. ETLX.DE is passively managed, while YGLD.DE is actively managed. Over the past year, ETLX.DE returned 54.70% vs 13.12% for YGLD.DE. A 0.63 correlation means they provide meaningful diversification when combined. ETLX.DE charges 0.65%/yr vs 0.35%/yr for YGLD.DE.
Performance
ETLX.DE vs. YGLD.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ETLX.DE having a -11.01% return and YGLD.DE slightly lower at -11.04%.
ETLX.DE
- 1D
- 2.13%
- 1M
- -10.68%
- YTD
- -11.01%
- 6M
- -13.14%
- 1Y
- 54.70%
- 3Y*
- 45.22%
- 5Y*
- 23.98%
- 10Y*
- 13.24%
YGLD.DE
- 1D
- 0.00%
- 1M
- -6.80%
- YTD
- -11.04%
- 6M
- -12.14%
- 1Y
- 13.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETLX.DE vs. YGLD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETLX.DE L&G Gold Mining UCITS ETF | -11.01% | 152.51% | -9.27% |
YGLD.DE IncomeShares Gold + Yield ETP | -11.04% | 41.94% | -7.11% |
Correlation
The correlation between ETLX.DE and YGLD.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 (All Time) Calculated using the full available price history since Nov 11, 2024 | 0.63 |
The correlation between ETLX.DE and YGLD.DE has been stable across timeframes, ranging from 0.63 to 0.66 - a consistent structural relationship.
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Return for Risk
ETLX.DE vs. YGLD.DE — Risk / Return Rank
ETLX.DE
YGLD.DE
ETLX.DE vs. YGLD.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 IncomeShares Gold + Yield ETP (YGLD.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 | YGLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.14 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 0.62 | +0.95 |
| Martin ratioReturn relative to average drawdown | 4.06 | 1.35 | +2.71 |
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Drawdowns
ETLX.DE vs. YGLD.DE - Drawdown Comparison
The maximum ETLX.DE drawdown since its inception was -73.44%, which is greater than YGLD.DE's maximum drawdown of -21.11%. Use the drawdown chart below to compare losses from any high point for ETLX.DE and YGLD.DE.
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Drawdown Indicators
| ETLX.DE | YGLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -21.11% | -52.33% |
Max Drawdown (1Y)Largest decline over 1 year | -34.64% | -21.11% | -13.53% |
Max Drawdown (3Y)Largest decline over 3 years | -34.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -42.01% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.06% | — | — |
Current DrawdownCurrent decline from peak | -31.42% | -20.51% | -10.91% |
Average DrawdownAverage peak-to-trough decline | -34.39% | -6.04% | -28.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.42% | 9.70% | +3.72% |
Volatility
ETLX.DE vs. YGLD.DE - Volatility Comparison
L&G Gold Mining UCITS ETF (ETLX.DE) has a higher volatility of 18.05% compared to IncomeShares Gold + Yield ETP (YGLD.DE) at 6.70%. This indicates that ETLX.DE's price experiences larger fluctuations and is considered to be riskier than YGLD.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 | YGLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.05% | 6.70% | +11.35% |
Volatility (6M)Calculated over the trailing 6-month period | 37.79% | 18.31% | +19.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.47% | 30.24% | +17.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.52% | 26.52% | +10.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.99% | 26.52% | +7.47% |
ETLX.DE vs. YGLD.DE - Expense Ratio Comparison
ETLX.DE has a 0.65% expense ratio, which is higher than YGLD.DE's 0.35% expense ratio.
Dividends
ETLX.DE vs. YGLD.DE - Dividend Comparison
ETLX.DE has not paid dividends to shareholders, while YGLD.DE's dividend yield for the trailing twelve months is around 6.65%.
| Position | TTM | 2025 |
|---|---|---|
ETLX.DE L&G Gold Mining UCITS ETF | 0.00% | 0.00% |
YGLD.DE IncomeShares Gold + Yield ETP | 6.65% | 6.36% |
Frequently Asked Questions
ETLX.DE and YGLD.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, YGLD.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
YGLD.DE is cheaper with a 0.35% expense ratio, compared with 0.65% for ETLX.DE.
ETLX.DE is categorized as Gold, while YGLD.DE is Derivative Income. They also come from different issuers: Legal & General and Leverage Shares. Their fees differ too: 0.65% for ETLX.DE and 0.35% for YGLD.DE.
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