UFIV vs. AUCP.L

Last updated Jun 4, 2026

UFIV (F/m US Treasury 5 Year Note ETF) and AUCP.L (L&G Gold Mining UCITS ETF) are both exchange-traded funds - UFIV is a Government Bonds fund tracking the ICE BofA Current 5-Year US Treasury Index - Benchmark TR Gross, while AUCP.L is a Precious Metals fund tracking the STOXX Global Gold Miners. Both are passively managed. Over the past 3 years, UFIV returned 3.12%/yr vs 49.66%/yr for AUCP.L. At a 0.25 correlation, their price movements are largely independent. UFIV charges 0.15%/yr vs 0.55%/yr for AUCP.L.

Performance

UFIV vs. AUCP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in F/m US Treasury 5 Year Note ETF (UFIV) and L&G Gold Mining UCITS ETF (AUCP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

UFIV is traded in USD, while AUCP.L is traded in GBp. To make them comparable, the AUCP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, UFIV achieves a -0.60% return, which is significantly higher than AUCP.L's -1.50% return.

UFIV

• 1D: -0.15%
• 1M: -0.24%
• YTD: -0.60%
• 6M: -0.75%
• 1Y: 2.93%
• 3Y*: 3.12%
• 5Y*: —
• 10Y*: —

AUCP.L

• 1D: -2.41%
• 1M: -2.99%
• YTD: -1.50%
• 6M: 3.87%
• 1Y: 65.45%
• 3Y*: 49.66%
• 5Y*: 22.11%
• 10Y*: 15.72%

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

UFIV vs. AUCP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UFIV F/m US Treasury 5 Year Note ETF	-0.60%	6.89%	1.09%	1.58%
AUCP.L L&G Gold Mining UCITS ETF	-1.50%	181.76%	18.19%	3.36%

Correlation

The correlation between UFIV and AUCP.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Mar 29, 2023	0.25

Return for Risk

UFIV vs. AUCP.L — Risk / Return Rank

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

UFIV

UFIV Risk / Return Rank: 25
UFIV Sharpe Ratio Rank: 26
UFIV Sortino Ratio Rank: 26
UFIV Omega Ratio Rank: 24
UFIV Calmar Ratio Rank: 24
UFIV Martin Ratio Rank: 25

AUCP.L

AUCP.L Risk / Return Rank: 40
AUCP.L Sharpe Ratio Rank: 42
AUCP.L Sortino Ratio Rank: 38
AUCP.L Omega Ratio Rank: 38
AUCP.L Calmar Ratio Rank: 45
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.

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

This table presents a comparison of risk-adjusted performance metrics for F/m US Treasury 5 Year Note ETF (UFIV) 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.

	UFIV	AUCP.L	Difference
Sharpe ratio Return per unit of total volatility	0.92	1.42	-0.50
Sortino ratio Return per unit of downside risk	1.39	1.92	-0.53
Omega ratio Gain probability vs. loss probability	1.16	1.24	-0.08
Calmar ratio Return relative to maximum drawdown	1.09	2.15	-1.06
Martin ratio Return relative to average drawdown	3.26	5.54	-2.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UFIV vs. AUCP.L - Sharpe Ratio Comparison

The current UFIV Sharpe Ratio is 0.92, which is lower than the AUCP.L Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of UFIV 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

	UFIV	AUCP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	1.42	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.23	+0.40

Drawdowns

UFIV vs. AUCP.L - Drawdown Comparison

The maximum UFIV drawdown since its inception was -5.63%, smaller than the maximum AUCP.L drawdown of -78.31%. Use the drawdown chart below to compare losses from any high point for UFIV and AUCP.L.

Drawdown Indicators

	UFIV	AUCP.L	Difference
Max Drawdown Largest peak-to-trough decline	-5.63%	-78.31%	+72.68%
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	-30.30%	+27.59%
Max Drawdown (3Y) Largest decline over 3 years	-4.03%	-30.30%	+26.27%
Max Drawdown (5Y) Largest decline over 5 years	—	-49.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-54.94%	—
Current Drawdown Current decline from peak	-2.08%	-26.50%	+24.42%
Average Drawdown Average peak-to-trough decline	-1.56%	-42.23%	+40.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	11.78%	-10.88%

Volatility

UFIV vs. AUCP.L - Volatility Comparison

The current volatility for F/m US Treasury 5 Year Note ETF (UFIV) is 1.00%, while L&G Gold Mining UCITS ETF (AUCP.L) has a volatility of 14.78%. This indicates that UFIV 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

	UFIV	AUCP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.00%	14.78%	-13.78%
Volatility (6M) Calculated over the trailing 6-month period	2.24%	35.63%	-33.39%
Volatility (1Y) Calculated over the trailing 1-year period	3.20%	45.80%	-42.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.38%	38.76%	-34.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.38%	36.38%	-32.00%

UFIV vs. AUCP.L - Expense Ratio Comparison

UFIV has a 0.15% expense ratio, which is lower than AUCP.L's 0.55% expense ratio.

Dividends

UFIV vs. AUCP.L - Dividend Comparison

UFIV's dividend yield for the trailing twelve months is around 3.57%, while AUCP.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
AUCP.L L&G Gold Mining UCITS ETF	0.00%	0.00%	0.00%	0.00%
UFIV F/m US Treasury 5 Year Note ETF	3.57%	3.66%	4.00%	2.96%

Frequently Asked Questions

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

UFIV and AUCP.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UFIV or AUCP.L?

On fees, UFIV is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UFIV or AUCP.L?

UFIV is cheaper with a 0.15% expense ratio, compared with 0.55% for AUCP.L.

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

UFIV is categorized as Government Bonds, while AUCP.L is Precious Metals. UFIV tracks ICE BofA Current 5-Year US Treasury Index - Benchmark TR Gross, while AUCP.L tracks STOXX Global Gold Miners. They also come from different issuers: US Benchmark Series and Legal & General. Their fees differ too: 0.15% for UFIV and 0.55% for AUCP.L.