IS0E.DE vs. ETLX.DE
IS0E.DE (iShares Gold Producers UCITS ETF) and ETLX.DE (L&G Gold Mining UCITS ETF) are both Precious Metals funds - IS0E.DE tracks the S&P Commodity Producers Gold while ETLX.DE tracks the DAXglobal® Gold Miners. Both are passively managed. Over the past 10 years, IS0E.DE returned 13.92%/yr vs 15.32%/yr for ETLX.DE. With a 0.96 correlation, they move nearly in lockstep. IS0E.DE charges 0.55%/yr vs 0.65%/yr for ETLX.DE.
Performance
IS0E.DE vs. ETLX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0E.DE achieves a -0.06% return, which is significantly higher than ETLX.DE's -2.30% return. Over the past 10 years, IS0E.DE has underperformed ETLX.DE with an annualized return of 13.92%, while ETLX.DE has yielded a comparatively higher 15.32% annualized return.
IS0E.DE
- 1D
- 0.88%
- 1M
- -5.38%
- YTD
- -0.06%
- 6M
- 7.39%
- 1Y
- 60.26%
- 3Y*
- 38.14%
- 5Y*
- 19.77%
- 10Y*
- 13.92%
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%
IS0E.DE vs. ETLX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0E.DE iShares Gold Producers UCITS ETF | -0.06% | 129.59% | 18.76% | 6.29% | -3.80% | -3.04% | 13.47% | 44.05% | -4.38% | -6.00% |
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% |
Correlation
The correlation between IS0E.DE and ETLX.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2012 | 0.96 |
The correlation between IS0E.DE and ETLX.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
IS0E.DE vs. ETLX.DE — Risk / Return Rank
IS0E.DE
ETLX.DE
IS0E.DE vs. ETLX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Producers UCITS ETF (IS0E.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.
| IS0E.DE | ETLX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.11 | +0.06 |
| Martin ratioReturn relative to average drawdown | 5.45 | 5.29 | +0.16 |
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
| IS0E.DE | ETLX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.33 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.64 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.45 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.23 | -0.05 |
Drawdowns
IS0E.DE vs. ETLX.DE - Drawdown Comparison
The maximum IS0E.DE drawdown since its inception was -71.63%, roughly equal to the maximum ETLX.DE drawdown of -73.44%. Use the drawdown chart below to compare losses from any high point for IS0E.DE and ETLX.DE.
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Drawdown Indicators
| IS0E.DE | ETLX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.63% | -73.44% | +1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -27.26% | -28.89% | +1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -27.26% | -28.89% | +1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -38.03% | -42.03% | +4.00% |
Max Drawdown (10Y)Largest decline over 10 years | -45.62% | -47.05% | +1.43% |
Current DrawdownCurrent decline from peak | -22.93% | -24.71% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -33.74% | -34.69% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.85% | 11.52% | -0.67% |
Volatility
IS0E.DE vs. ETLX.DE - Volatility Comparison
The current volatility for iShares Gold Producers UCITS ETF (IS0E.DE) is 12.84%, while L&G Gold Mining UCITS ETF (ETLX.DE) has a volatility of 14.03%. This indicates that IS0E.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
| IS0E.DE | ETLX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.84% | 14.03% | -1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 33.62% | 35.22% | -1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.58% | 45.70% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.83% | 36.04% | -2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.53% | 33.83% | -1.30% |
IS0E.DE vs. ETLX.DE - Expense Ratio Comparison
IS0E.DE has a 0.55% expense ratio, which is lower than ETLX.DE's 0.65% expense ratio.
Dividends
IS0E.DE vs. ETLX.DE - Dividend Comparison
Neither IS0E.DE nor ETLX.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, IS0E.DE and ETLX.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, IS0E.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS0E.DE is cheaper with a 0.55% expense ratio, compared with 0.65% for ETLX.DE.
IS0E.DE tracks S&P Commodity Producers Gold, while ETLX.DE tracks DAXglobal® Gold Miners. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.55% for IS0E.DE and 0.65% for ETLX.DE.
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