GLDE.L vs. AUCO.L
Compare and contrast key facts about IncomeShares Gold + Yield ETP GBP (GLDE.L) and L&G Gold Mining UCITS ETF (AUCO.L).
GLDE.L and AUCO.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDE.L is an actively managed fund by Leverage Shares. It was launched on Jul 18, 2024. AUCO.L is a passively managed fund by L&G that tracks the performance of the STOXX Global Gold Miners Index. It was launched on Nov 6, 2008.
Performance
GLDE.L vs. AUCO.L - Performance Comparison
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GLDE.L vs. AUCO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GLDE.L IncomeShares Gold + Yield ETP GBP | 2.76% | 42.81% | 7.05% |
AUCO.L L&G Gold Mining UCITS ETF | 14.02% | 161.75% | -3.02% |
Different Trading Currencies
GLDE.L is traded in GBp, while AUCO.L is traded in USD. To make them comparable, the AUCO.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLDE.L achieves a 2.76% return, which is significantly lower than AUCO.L's 14.02% return.
GLDE.L
- 1D
- 0.40%
- 1M
- -10.21%
- YTD
- 2.76%
- 6M
- 12.31%
- 1Y
- 26.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AUCO.L
- 1D
- 7.28%
- 1M
- -13.80%
- YTD
- 14.02%
- 6M
- 30.30%
- 1Y
- 112.06%
- 3Y*
- 51.97%
- 5Y*
- 29.76%
- 10Y*
- 20.65%
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GLDE.L vs. AUCO.L - Expense Ratio Comparison
GLDE.L has a 0.35% expense ratio, which is lower than AUCO.L's 0.55% expense ratio.
Return for Risk
GLDE.L vs. AUCO.L — Risk / Return Rank
GLDE.L
AUCO.L
GLDE.L vs. AUCO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Gold + Yield ETP GBP (GLDE.L) and L&G Gold Mining UCITS ETF (AUCO.L). 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.
| GLDE.L | AUCO.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.18 | 2.50 | -1.33 |
Sortino ratioReturn per unit of downside risk | 1.52 | 2.77 | -1.24 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.38 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 3.93 | -2.32 |
Martin ratioReturn relative to average drawdown | 6.35 | 14.17 | -7.83 |
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
| GLDE.L | AUCO.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 2.50 | -1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.85 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.62 | 0.33 | +1.30 |
Correlation
The correlation between GLDE.L and AUCO.L is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GLDE.L vs. AUCO.L - Dividend Comparison
GLDE.L's dividend yield for the trailing twelve months is around 4.70%, while AUCO.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | |
|---|---|---|---|
GLDE.L IncomeShares Gold + Yield ETP GBP | 4.70% | 4.82% | 0.38% |
AUCO.L L&G Gold Mining UCITS ETF | 0.00% | 0.00% | 0.00% |
Drawdowns
GLDE.L vs. AUCO.L - Drawdown Comparison
The maximum GLDE.L drawdown since its inception was -16.63%, smaller than the maximum AUCO.L drawdown of -77.65%. Use the drawdown chart below to compare losses from any high point for GLDE.L and AUCO.L.
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Drawdown Indicators
| GLDE.L | AUCO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.63% | -78.40% | +61.77% |
Max Drawdown (1Y)Largest decline over 1 year | -16.63% | -30.56% | +13.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -49.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.49% | — |
Current DrawdownCurrent decline from peak | -10.21% | -16.34% | +6.13% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -42.76% | +40.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 8.69% | -4.48% |
Volatility
GLDE.L vs. AUCO.L - Volatility Comparison
The current volatility for IncomeShares Gold + Yield ETP GBP (GLDE.L) is 10.57%, while L&G Gold Mining UCITS ETF (AUCO.L) has a volatility of 18.91%. This indicates that GLDE.L experiences smaller price fluctuations and is considered to be less risky than AUCO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDE.L | AUCO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.57% | 18.91% | -8.34% |
Volatility (6M)Calculated over the trailing 6-month period | 18.94% | 36.81% | -17.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.01% | 44.52% | -22.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.76% | 35.14% | -16.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 34.18% | -15.42% |