XGDG.L vs. AUCP.L
XGDG.L (Xtrackers IE Physical Gold GBP Hedged ETC Securities) and AUCP.L (L&G Gold Mining UCITS ETF) are both Gold funds - XGDG.L tracks the Gold (GBP Hedged) while AUCP.L tracks the STOXX Global Gold Miners. Both are passively managed. Over the past 5 years, XGDG.L returned 16.01%/yr vs 23.87%/yr for AUCP.L. A 0.75 correlation means they provide meaningful diversification when combined. XGDG.L charges 0.28%/yr vs 0.55%/yr for AUCP.L.
Performance
XGDG.L vs. AUCP.L - Performance Comparison
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Returns By Period
In the year-to-date period, XGDG.L achieves a -7.37% return, which is significantly higher than AUCP.L's -10.22% return.
XGDG.L
- 1D
- 0.43%
- 1M
- -10.81%
- YTD
- -7.37%
- 6M
- -11.17%
- 1Y
- 19.38%
- 3Y*
- 26.27%
- 5Y*
- 16.01%
- 10Y*
- —
AUCP.L
- 1D
- 1.39%
- 1M
- -11.29%
- YTD
- -10.22%
- 6M
- -14.31%
- 1Y
- 55.82%
- 3Y*
- 45.12%
- 5Y*
- 23.87%
- 10Y*
- 13.49%
XGDG.L vs. AUCP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XGDG.L Xtrackers IE Physical Gold GBP Hedged ETC Securities | -7.37% | 63.15% | 25.16% | 11.50% | -1.77% | -5.14% | 12.54% |
AUCP.L L&G Gold Mining UCITS ETF | -10.22% | 161.99% | 20.20% | 8.69% | -4.04% | -8.91% | -10.30% |
Correlation
The correlation between XGDG.L and AUCP.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 21, 2020 | 0.75 |
The correlation between XGDG.L and AUCP.L has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.
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Return for Risk
XGDG.L vs. AUCP.L — Risk / Return Rank
XGDG.L
AUCP.L
XGDG.L vs. AUCP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Gold GBP Hedged ETC Securities (XGDG.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.
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.
| XGDG.L | AUCP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.56 | -0.79 |
| Martin ratioReturn relative to average drawdown | 2.23 | 4.09 | -1.86 |
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Drawdowns
XGDG.L vs. AUCP.L - Drawdown Comparison
The maximum XGDG.L drawdown since its inception was -25.05%, smaller than the maximum AUCP.L drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for XGDG.L and AUCP.L.
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Drawdown Indicators
| XGDG.L | AUCP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.05% | -81.66% | +56.61% |
Max Drawdown (1Y)Largest decline over 1 year | -25.05% | -35.61% | +10.56% |
Max Drawdown (3Y)Largest decline over 3 years | -25.05% | -35.61% | +10.56% |
Max Drawdown (5Y)Largest decline over 5 years | -25.05% | -39.38% | +14.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.72% | — |
Current DrawdownCurrent decline from peak | -24.73% | -32.88% | +8.15% |
Average DrawdownAverage peak-to-trough decline | -8.36% | -45.85% | +37.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.67% | 13.60% | -4.93% |
Volatility
XGDG.L vs. AUCP.L - Volatility Comparison
The current volatility for Xtrackers IE Physical Gold GBP Hedged ETC Securities (XGDG.L) is 9.05%, while L&G Gold Mining UCITS ETF (AUCP.L) has a volatility of 17.90%. This indicates that XGDG.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.
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Volatility by Period
| XGDG.L | AUCP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.05% | 17.90% | -8.85% |
Volatility (6M)Calculated over the trailing 6-month period | 23.60% | 37.14% | -13.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.38% | 46.44% | -20.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.67% | 39.29% | -21.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.66% | 36.09% | -18.43% |
XGDG.L vs. AUCP.L - Expense Ratio Comparison
XGDG.L has a 0.28% expense ratio, which is lower than AUCP.L's 0.55% expense ratio.
Dividends
XGDG.L vs. AUCP.L - Dividend Comparison
Neither XGDG.L nor AUCP.L has paid dividends to shareholders.
Frequently Asked Questions
XGDG.L and AUCP.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGDG.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGDG.L is cheaper with a 0.28% expense ratio, compared with 0.55% for AUCP.L.
XGDG.L tracks Gold (GBP Hedged), while AUCP.L tracks STOXX Global Gold Miners. They also come from different issuers: Xtrackers and Legal & General. Their fees differ too: 0.28% for XGDG.L and 0.55% for AUCP.L.
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