3SUR.DE vs. ETLS.DE
3SUR.DE (iShares MSCI USA SRI UCITS ETF EUR Hedged (Dist)) and ETLS.DE (L&G US Equity UCITS ETF) are both Large Cap Blend Equities funds - 3SUR.DE tracks the MSCI USA SRI Select Reduced Fossil Fuels (EUR Hedged) Index while ETLS.DE tracks the Solactive Core United States Large & Mid Cap. Both are passively managed. Over the past 5 years, 3SUR.DE returned 8.24%/yr vs 13.41%/yr for ETLS.DE. A 0.79 correlation means they provide meaningful diversification when combined. 3SUR.DE charges 0.23%/yr vs 0.05%/yr for ETLS.DE.
Performance
3SUR.DE vs. ETLS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 3SUR.DE achieves a 13.80% return, which is significantly higher than ETLS.DE's 12.00% return.
3SUR.DE
- 1D
- 0.54%
- 1M
- 1.52%
- 6M
- 14.74%
- YTD
- 13.80%
- 1Y
- 18.83%
- 3Y*
- 13.80%
- 5Y*
- 8.24%
- 10Y*
- —
ETLS.DE
- 1D
- 0.23%
- 1M
- 0.53%
- 6M
- 12.62%
- YTD
- 12.00%
- 1Y
- 23.82%
- 3Y*
- 18.70%
- 5Y*
- 13.41%
- 10Y*
- —
3SUR.DE vs. ETLS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
3SUR.DE iShares MSCI USA SRI UCITS ETF EUR Hedged (Dist) | 13.80% | 9.40% | 11.63% | 20.98% | -22.39% | 31.13% | 22.49% | 24.32% |
ETLS.DE L&G US Equity UCITS ETF | 12.00% | 5.06% | 32.53% | 24.18% | -15.96% | 38.87% | 10.14% | 28.47% |
Correlation
The correlation between 3SUR.DE and ETLS.DE is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2019 | 0.79 |
The correlation between 3SUR.DE and ETLS.DE has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.
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Return for Risk
3SUR.DE vs. ETLS.DE — Risk / Return Rank
3SUR.DE
ETLS.DE
3SUR.DE vs. ETLS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA SRI UCITS ETF EUR Hedged (Dist) (3SUR.DE) and L&G US Equity UCITS ETF (ETLS.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.
| 3SUR.DE | ETLS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.36 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 3.13 | -1.02 |
| Martin ratioReturn relative to average drawdown | 7.81 | 11.01 | -3.20 |
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Drawdowns
3SUR.DE vs. ETLS.DE - Drawdown Comparison
The maximum 3SUR.DE drawdown since its inception was -33.43%, roughly equal to the maximum ETLS.DE drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for 3SUR.DE and ETLS.DE.
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Drawdown Indicators
| 3SUR.DE | ETLS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -33.99% | +0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -8.85% | -7.57% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -20.15% | -23.66% | +3.51% |
Max Drawdown (5Y)Largest decline over 5 years | -27.69% | -23.66% | -4.03% |
Current DrawdownCurrent decline from peak | -0.84% | -0.71% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -6.48% | -4.62% | -1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.16% | +0.24% |
Volatility
3SUR.DE vs. ETLS.DE - Volatility Comparison
iShares MSCI USA SRI UCITS ETF EUR Hedged (Dist) (3SUR.DE) has a higher volatility of 4.81% compared to L&G US Equity UCITS ETF (ETLS.DE) at 3.75%. This indicates that 3SUR.DE's price experiences larger fluctuations and is considered to be riskier than ETLS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3SUR.DE | ETLS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 3.75% | +1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 8.17% | +2.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.43% | 11.95% | +1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.51% | 15.51% | +1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.78% | 17.21% | +0.57% |
3SUR.DE vs. ETLS.DE - Expense Ratio Comparison
3SUR.DE has a 0.23% expense ratio, which is higher than ETLS.DE's 0.05% 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
3SUR.DE vs. ETLS.DE - Dividend Comparison
3SUR.DE's dividend yield for the trailing twelve months is around 0.88%, while ETLS.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
3SUR.DE iShares MSCI USA SRI UCITS ETF EUR Hedged (Dist) | 0.88% | 0.91% | 1.11% | 1.24% | 1.42% | 0.94% | 0.95% | 1.19% | 0.60% |
ETLS.DE L&G US Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
3SUR.DE and ETLS.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLS.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLS.DE is cheaper with a 0.05% expense ratio, compared with 0.23% for 3SUR.DE.
3SUR.DE tracks MSCI USA SRI Select Reduced Fossil Fuels (EUR Hedged) Index, while ETLS.DE tracks Solactive Core United States Large & Mid Cap. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.23% for 3SUR.DE and 0.05% for ETLS.DE.
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