4UBH.DE vs. ETLQ.DE
4UBH.DE (UBS ETF (IE) MSCI World Socially Responsible UCITS ETF (USD) Acc) and ETLQ.DE (L&G Global Equity UCITS ETF) are both Global Equities funds - 4UBH.DE tracks the MSCI World SRI Low Carbon Select 5% Issuer Capped while ETLQ.DE tracks the Solactive Core Developed Markets Large & Mid Cap. Both are passively managed. Over the past 5 years, 4UBH.DE returned 10.81%/yr vs 13.10%/yr for ETLQ.DE. Their correlation of 0.95 suggests significant overlap in exposure. 4UBH.DE charges 0.19%/yr vs 0.10%/yr for ETLQ.DE.
Performance
4UBH.DE vs. ETLQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4UBH.DE achieves a 9.92% return, which is significantly lower than ETLQ.DE's 10.88% return.
4UBH.DE
- 1D
- 0.19%
- 1M
- 4.60%
- YTD
- 9.92%
- 6M
- 10.00%
- 1Y
- 17.98%
- 3Y*
- 14.49%
- 5Y*
- 10.81%
- 10Y*
- —
ETLQ.DE
- 1D
- 0.00%
- 1M
- 3.89%
- YTD
- 10.88%
- 6M
- 10.99%
- 1Y
- 23.85%
- 3Y*
- 17.73%
- 5Y*
- 13.10%
- 10Y*
- —
4UBH.DE vs. ETLQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
4UBH.DE UBS ETF (IE) MSCI World Socially Responsible UCITS ETF (USD) Acc | 9.92% | 1.56% | 23.21% | 25.08% | -20.30% | 31.51% |
ETLQ.DE L&G Global Equity UCITS ETF | 10.88% | 8.14% | 26.10% | 20.83% | -13.64% | 25.96% |
Correlation
The correlation between 4UBH.DE and ETLQ.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2021 | 0.95 |
The correlation between 4UBH.DE and ETLQ.DE has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
4UBH.DE vs. ETLQ.DE — Risk / Return Rank
4UBH.DE
ETLQ.DE
4UBH.DE vs. ETLQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI World Socially Responsible UCITS ETF (USD) Acc (4UBH.DE) and L&G Global Equity UCITS ETF (ETLQ.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.
| 4UBH.DE | ETLQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.39 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 3.56 | -1.71 |
| Martin ratioReturn relative to average drawdown | 6.41 | 14.23 | -7.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 4UBH.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 2.13 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.92 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.93 | -0.16 |
Drawdowns
4UBH.DE vs. ETLQ.DE - Drawdown Comparison
The maximum 4UBH.DE drawdown since its inception was -23.65%, smaller than the maximum ETLQ.DE drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for 4UBH.DE and ETLQ.DE.
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Drawdown Indicators
| 4UBH.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.65% | -33.38% | +9.73% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -6.68% | -2.93% |
Max Drawdown (3Y)Largest decline over 3 years | -22.46% | -21.58% | -0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -23.65% | -21.58% | -2.07% |
Current DrawdownCurrent decline from peak | 0.00% | -0.34% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -6.97% | -4.33% | -2.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 1.68% | +1.11% |
Volatility
4UBH.DE vs. ETLQ.DE - Volatility Comparison
UBS ETF (IE) MSCI World Socially Responsible UCITS ETF (USD) Acc (4UBH.DE) has a higher volatility of 3.03% compared to L&G Global Equity UCITS ETF (ETLQ.DE) at 2.68%. This indicates that 4UBH.DE's price experiences larger fluctuations and is considered to be riskier than ETLQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 4UBH.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 2.68% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 9.19% | 7.77% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.45% | 11.18% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.30% | 14.06% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.20% | 15.74% | -0.54% |
4UBH.DE vs. ETLQ.DE - Expense Ratio Comparison
4UBH.DE has a 0.19% expense ratio, which is higher than ETLQ.DE's 0.10% 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
4UBH.DE vs. ETLQ.DE - Dividend Comparison
Neither 4UBH.DE nor ETLQ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, 4UBH.DE and ETLQ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ETLQ.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLQ.DE is cheaper with a 0.10% expense ratio, compared with 0.19% for 4UBH.DE.
4UBH.DE tracks MSCI World SRI Low Carbon Select 5% Issuer Capped, while ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap. They also come from different issuers: UBS and Legal & General. Their fees differ too: 0.19% for 4UBH.DE and 0.10% for ETLQ.DE.
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