RMAU.L vs. ESAE.DE

Last updated Aug 1, 2026

RMAU.L (The Royal Mint Physical Gold ETC Securities) and ESAE.DE (BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc) are both exchange-traded funds - RMAU.L is a Commodities fund tracking the LBMA Gold PM Price, while ESAE.DE is a Global Equities fund tracking the MSCI World Equal Weighted Ex Business Involvement Screens Select Index. Both are passively managed. Over the past year, RMAU.L returned 22.32% vs 19.52% for ESAE.DE. Their 0.38 correlation means their historical movements had little consistent relationship. RMAU.L charges 0.22%/yr vs 0.20%/yr for ESAE.DE.

Performance

RMAU.L vs. ESAE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Royal Mint Physical Gold ETC Securities (RMAU.L) and BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc (ESAE.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

RMAU.L is traded in USD, while ESAE.DE is traded in EUR. To make them comparable, the ESAE.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, RMAU.L achieves a -6.33% return, which is significantly lower than ESAE.DE's 10.61% return.

RMAU.L

• 1D: -1.41%
• 1M: -0.92%
• 6M: -19.21%
• YTD: -6.33%
• 1Y: 22.32%
• 3Y*: 27.32%
• 5Y*: 16.98%
• 10Y*: —
• ALL TIME*: 15.36%

ESAE.DE

• 1D: 0.00%
• 1M: 2.79%
• 6M: 7.96%
• YTD: 10.61%
• 1Y: 19.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.27%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ESAE.DE BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc	$34.61K	$27.03K	$33.72K
RMAU.L The Royal Mint Physical Gold ETC Securities	$358.81K	$420.03K	$658.19K

RMAU.L vs. ESAE.DE - Yearly Performance Comparison

	2026 (YTD)	2025
RMAU.L The Royal Mint Physical Gold ETC Securities	-6.33%	29.71%
ESAE.DE BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc	10.61%	11.10%

Correlation

The correlation between RMAU.L and ESAE.DE is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.41
Correlation (All Time) Calculated using the full available price history since May 30, 2025	0.38

Return for Risk

RMAU.L vs. ESAE.DE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RMAU.L

RMAU.L Risk / Return Rank: 30
RMAU.L Sharpe Ratio Rank: 33
RMAU.L Sortino Ratio Rank: 32
RMAU.L Omega Ratio Rank: 34
RMAU.L Calmar Ratio Rank: 28
RMAU.L Martin Ratio Rank: 25

ESAE.DE

ESAE.DE Risk / Return Rank: 75
ESAE.DE Sharpe Ratio Rank: 70
ESAE.DE Sortino Ratio Rank: 72
ESAE.DE Omega Ratio Rank: 76
ESAE.DE Calmar Ratio Rank: 76
ESAE.DE Martin Ratio Rank: 80

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RMAU.L vs. ESAE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Royal Mint Physical Gold ETC Securities (RMAU.L) and BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc (ESAE.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.

	RMAU.L	ESAE.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.83	1.53	-0.70
Sortino ratio: Return per unit of downside risk	1.22	2.22	-1.01
Omega ratio: Gain probability vs. loss probability	1.16	1.29	-0.12
Calmar ratio: Return relative to maximum drawdown	0.90	2.13	-1.23
Martin ratio: Return relative to average drawdown	1.96	8.06	-6.10

RMAU.L vs. ESAE.DE - Sharpe Ratio Comparison

The current RMAU.L Sharpe Ratio is 0.83, which is lower than the ESAE.DE Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of RMAU.L and ESAE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RMAU.L vs. ESAE.DE - Drawdown Comparison

The maximum RMAU.L drawdown since its inception was -24.69%, which is greater than ESAE.DE's maximum drawdown of -9.12%. Use the drawdown chart below to compare losses from any high point for RMAU.L and ESAE.DE.

Drawdown Indicators

	RMAU.L	ESAE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-24.69%	-9.12%	-15.57%
Max Drawdown (1Y) Largest decline over 1 year	-24.69%	-9.12%	-15.57%
Max Drawdown (3Y) Largest decline over 3 years	-24.69%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.69%	—	—
Current Drawdown Current decline from peak	-24.08%	-0.04%	-24.04%
Average Drawdown Average peak-to-trough decline	-7.25%	-1.47%	-5.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.36%	2.42%	+8.94%

Volatility

RMAU.L vs. ESAE.DE - Volatility Comparison

The Royal Mint Physical Gold ETC Securities (RMAU.L) has a higher volatility of 6.98% compared to BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc (ESAE.DE) at 2.95%. This indicates that RMAU.L's price experiences larger fluctuations and is considered to be riskier than ESAE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMAU.L	ESAE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.98%	2.95%	+4.03%
Volatility (6M) Calculated over the trailing 6-month period	22.16%	9.19%	+12.97%
Volatility (1Y) Calculated over the trailing 1-year period	26.68%	12.68%	+14.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.97%	12.28%	+5.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.05%	12.28%	+5.77%

RMAU.L vs. ESAE.DE - Expense Ratio Comparison

RMAU.L has a 0.22% expense ratio, which is higher than ESAE.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

RMAU.L vs. ESAE.DE - Dividend Comparison

Neither RMAU.L nor ESAE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RMAU.L and ESAE.DE in my portfolio?

RMAU.L and ESAE.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.

Which ETF is better, RMAU.L or ESAE.DE?

On fees, ESAE.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RMAU.L or ESAE.DE?

ESAE.DE is cheaper with a 0.20% expense ratio, compared with 0.22% for RMAU.L.

What is the main difference between RMAU.L and ESAE.DE?

RMAU.L is categorized as Commodities, while ESAE.DE is Global Equities. RMAU.L tracks LBMA Gold PM Price, while ESAE.DE tracks MSCI World Equal Weighted Ex Business Involvement Screens Select Index. They also come from different issuers: HANetf and BNP Paribas. Their fees differ too: 0.22% for RMAU.L and 0.20% for ESAE.DE.