LDUK.L vs. AUCP.L

Last updated Jun 5, 2026

LDUK.L (L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF) and AUCP.L (L&G Gold Mining UCITS ETF) are both exchange-traded funds - LDUK.L is a Europe Equities fund tracking the FTSE AllSh TR GBP, while AUCP.L is a Precious Metals fund tracking the STOXX Global Gold Miners. Both are passively managed. Over the past 5 years, LDUK.L returned 9.34%/yr vs 23.58%/yr for AUCP.L. At a 0.22 correlation, their price movements are largely independent. LDUK.L charges 0.25%/yr vs 0.55%/yr for AUCP.L.

Performance

LDUK.L vs. AUCP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF (LDUK.L) and L&G Gold Mining UCITS ETF (AUCP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LDUK.L achieves a 3.01% return, which is significantly higher than AUCP.L's -0.57% return.

LDUK.L

• 1D: 0.72%
• 1M: 4.03%
• YTD: 3.01%
• 6M: 7.64%
• 1Y: 12.83%
• 3Y*: 16.70%
• 5Y*: 9.34%
• 10Y*: —

AUCP.L

• 1D: 0.71%
• 1M: -0.45%
• YTD: -0.57%
• 6M: 4.66%
• 1Y: 65.77%
• 3Y*: 46.06%
• 5Y*: 23.58%
• 10Y*: 16.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LDUK.L vs. AUCP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LDUK.L L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF	3.01%	22.62%	16.13%	8.22%	-3.33%	6.07%
AUCP.L L&G Gold Mining UCITS ETF	-0.57%	161.99%	20.20%	8.69%	-4.04%	-7.57%

Correlation

The correlation between LDUK.L and AUCP.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Apr 21, 2021	0.22

The correlation between LDUK.L and AUCP.L shifts across timeframes, from 0.15 (1 year) to 0.26 (3 years), reflecting how their relationship changes across market environments.

LDUK.L vs. AUCP.L - Sectors Allocation Comparison

Sectors	LDUK.L	AUCP.L
Financial Services	60.4%	-
Industrials	14.3%	-
Consumer Defensive	11.3%	-
Basic Materials	6.8%	100.0%
Consumer Cyclical	5.0%	-
Communication Services	1.1%	-
Utilities	1.0%	-
Technology	0.1%	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

LDUK.L vs. AUCP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LDUK.L

LDUK.L Risk / Return Rank: 26
LDUK.L Sharpe Ratio Rank: 25
LDUK.L Sortino Ratio Rank: 26
LDUK.L Omega Ratio Rank: 25
LDUK.L Calmar Ratio Rank: 24
LDUK.L Martin Ratio Rank: 29

AUCP.L

AUCP.L Risk / Return Rank: 41
AUCP.L Sharpe Ratio Rank: 43
AUCP.L Sortino Ratio Rank: 39
AUCP.L Omega Ratio Rank: 39
AUCP.L Calmar Ratio Rank: 46
AUCP.L Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LDUK.L vs. AUCP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF (LDUK.L) and L&G Gold Mining UCITS ETF (AUCP.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.

	LDUK.L	AUCP.L	Difference
Sharpe ratio: Return per unit of total volatility	0.87	1.49	-0.62
Sortino ratio: Return per unit of downside risk	1.37	1.97	-0.59
Omega ratio: Gain probability vs. loss probability	1.16	1.25	-0.09
Calmar ratio: Return relative to maximum drawdown	1.11	2.21	-1.10
Martin ratio: Return relative to average drawdown	4.06	5.70	-1.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LDUK.L vs. AUCP.L - Sharpe Ratio Comparison

The current LDUK.L Sharpe Ratio is 0.87, which is lower than the AUCP.L Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of LDUK.L and AUCP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LDUK.L	AUCP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	1.49	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.65	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.26	+0.49

Drawdowns

LDUK.L vs. AUCP.L - Drawdown Comparison

The maximum LDUK.L drawdown since its inception was -17.13%, smaller than the maximum AUCP.L drawdown of -77.57%. Use the drawdown chart below to compare losses from any high point for LDUK.L and AUCP.L.

Drawdown Indicators

	LDUK.L	AUCP.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.13%	-77.57%	+60.44%
Max Drawdown (1Y) Largest decline over 1 year	-11.51%	-29.56%	+18.05%
Max Drawdown (3Y) Largest decline over 3 years	-13.46%	-29.56%	+16.10%
Max Drawdown (5Y) Largest decline over 5 years	-17.13%	-39.38%	+22.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.72%	—
Current Drawdown Current decline from peak	-1.80%	-25.67%	+23.87%
Average Drawdown Average peak-to-trough decline	-3.66%	-35.74%	+32.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	11.51%	-8.36%

Volatility

LDUK.L vs. AUCP.L - Volatility Comparison

The current volatility for L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF (LDUK.L) is 4.63%, while L&G Gold Mining UCITS ETF (AUCP.L) has a volatility of 13.97%. This indicates that LDUK.L experiences smaller price fluctuations and is considered to be less risky than AUCP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDUK.L	AUCP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	13.97%	-9.34%
Volatility (6M) Calculated over the trailing 6-month period	12.32%	34.06%	-21.74%
Volatility (1Y) Calculated over the trailing 1-year period	14.67%	43.95%	-29.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.61%	35.99%	-20.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.64%	34.66%	-19.02%

LDUK.L vs. AUCP.L - Expense Ratio Comparison

LDUK.L has a 0.25% expense ratio, which is lower than AUCP.L's 0.55% expense ratio.

Dividends

LDUK.L vs. AUCP.L - Dividend Comparison

LDUK.L's dividend yield for the trailing twelve months is around 4.79%, while AUCP.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
AUCP.L L&G Gold Mining UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LDUK.L L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF	4.79%	4.87%	4.43%	5.14%	5.87%	4.41%

Frequently Asked Questions

Can I hold both LDUK.L and AUCP.L in my portfolio?

LDUK.L and AUCP.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LDUK.L or AUCP.L?

On fees, LDUK.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LDUK.L or AUCP.L?

LDUK.L is cheaper with a 0.25% expense ratio, compared with 0.55% for AUCP.L.

What is the main difference between LDUK.L and AUCP.L?

LDUK.L is categorized as Europe Equities, while AUCP.L is Precious Metals. LDUK.L tracks FTSE AllSh TR GBP, while AUCP.L tracks STOXX Global Gold Miners. Their fees differ too: 0.25% for LDUK.L and 0.55% for AUCP.L.