EUN5.DE vs. ETLX.DE
EUN5.DE (iShares Core EUR Corporate Bond UCITS ETF (Dist)) and ETLX.DE (L&G Gold Mining UCITS ETF) are both exchange-traded funds - EUN5.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond, while ETLX.DE is a Gold fund tracking the DAXglobal® Gold Miners. Both are passively managed. Over the past 10 years, EUN5.DE returned 1.09%/yr vs 13.24%/yr for ETLX.DE. At a 0.19 correlation, their price movements are largely independent. EUN5.DE charges 0.20%/yr vs 0.65%/yr for ETLX.DE.
Performance
EUN5.DE vs. ETLX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN5.DE achieves a 1.25% return, which is significantly higher than ETLX.DE's -11.01% return. Over the past 10 years, EUN5.DE has underperformed ETLX.DE with an annualized return of 1.09%, while ETLX.DE has yielded a comparatively higher 13.24% annualized return.
EUN5.DE
- 1D
- 0.11%
- 1M
- 0.75%
- YTD
- 1.25%
- 6M
- 1.35%
- 1Y
- 2.42%
- 3Y*
- 4.77%
- 5Y*
- 0.23%
- 10Y*
- 1.09%
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%
EUN5.DE vs. ETLX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 1.25% | 3.02% | 4.38% | 7.49% | -13.40% | -1.05% | 2.57% | 6.30% | -1.46% | 2.15% |
ETLX.DE L&G Gold Mining UCITS ETF | -11.01% | 152.51% | 27.45% | 11.01% | -7.07% | -3.33% | 12.25% | 42.55% | -5.79% | -3.18% |
Correlation
The correlation between EUN5.DE and ETLX.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2009 | 0.19 |
Over the past year, EUN5.DE and ETLX.DE have become more correlated (0.41) than their long-term average of 0.19, meaning their price movements have been converging.
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Return for Risk
EUN5.DE vs. ETLX.DE — Risk / Return Rank
EUN5.DE
ETLX.DE
EUN5.DE vs. ETLX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.DE) and L&G Gold Mining UCITS ETF (ETLX.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.
| EUN5.DE | ETLX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.21 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.57 | -0.68 |
| Martin ratioReturn relative to average drawdown | 3.08 | 4.06 | -0.99 |
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Drawdowns
EUN5.DE vs. ETLX.DE - Drawdown Comparison
The maximum EUN5.DE drawdown since its inception was -17.30%, smaller than the maximum ETLX.DE drawdown of -73.44%. Use the drawdown chart below to compare losses from any high point for EUN5.DE and ETLX.DE.
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Drawdown Indicators
| EUN5.DE | ETLX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.30% | -73.44% | +56.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -34.64% | +31.93% |
Max Drawdown (3Y)Largest decline over 3 years | -2.71% | -34.64% | +31.93% |
Max Drawdown (5Y)Largest decline over 5 years | -17.30% | -42.01% | +24.71% |
Max Drawdown (10Y)Largest decline over 10 years | -17.30% | -47.06% | +29.76% |
Current DrawdownCurrent decline from peak | -0.36% | -31.42% | +31.06% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -34.39% | +31.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 13.42% | -12.63% |
Volatility
EUN5.DE vs. ETLX.DE - Volatility Comparison
The current volatility for iShares Core EUR Corporate Bond UCITS ETF (Dist) (EUN5.DE) is 0.74%, while L&G Gold Mining UCITS ETF (ETLX.DE) has a volatility of 18.05%. This indicates that EUN5.DE experiences smaller price fluctuations and is considered to be less risky than ETLX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUN5.DE | ETLX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 18.05% | -17.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 37.79% | -34.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.27% | 47.47% | -44.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 36.52% | -32.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 33.99% | -29.44% |
EUN5.DE vs. ETLX.DE - Expense Ratio Comparison
EUN5.DE has a 0.20% expense ratio, which is lower than ETLX.DE's 0.65% expense ratio.
Dividends
EUN5.DE vs. ETLX.DE - Dividend Comparison
EUN5.DE's dividend yield for the trailing twelve months is around 3.31%, while ETLX.DE has not paid dividends to shareholders.
| 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% |
EUN5.DE iShares Core EUR Corporate Bond UCITS ETF (Dist) | 3.31% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
Frequently Asked Questions
EUN5.DE and ETLX.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN5.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN5.DE is cheaper with a 0.20% expense ratio, compared with 0.65% for ETLX.DE.
EUN5.DE is categorized as European Corporate Bonds, while ETLX.DE is Gold. EUN5.DE tracks Bloomberg Euro Corporate Bond, while ETLX.DE tracks DAXglobal® Gold Miners. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.20% for EUN5.DE and 0.65% for ETLX.DE.
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