BATE.DE vs. IS3Q.DE
BATE.DE (Legal & General Battery Value-Chain UCITS ETF) and IS3Q.DE (iShares Edge MSCI World Quality Factor UCITS ETF (Acc)) are both exchange-traded funds - BATE.DE is a Lithium & Battery Metals fund tracking the Solactive Battery Value-Chain Index, while IS3Q.DE is a Global Equities fund tracking the MSCI World Sector Neutral Quality. Both are passively managed. Over the past 5 years, BATE.DE returned 14.60%/yr vs 10.90%/yr for IS3Q.DE. A 0.67 correlation means they provide meaningful diversification when combined. BATE.DE charges 0.49%/yr vs 0.30%/yr for IS3Q.DE.
Performance
BATE.DE vs. IS3Q.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BATE.DE achieves a 20.81% return, which is significantly higher than IS3Q.DE's 10.76% return.
BATE.DE
- 1D
- -2.30%
- 1M
- -10.92%
- YTD
- 20.81%
- 6M
- 21.86%
- 1Y
- 101.45%
- 3Y*
- 20.29%
- 5Y*
- 14.60%
- 10Y*
- —
IS3Q.DE
- 1D
- -0.26%
- 1M
- 1.53%
- YTD
- 10.76%
- 6M
- 11.12%
- 1Y
- 22.27%
- 3Y*
- 15.90%
- 5Y*
- 10.90%
- 10Y*
- 12.58%
BATE.DE vs. IS3Q.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BATE.DE Legal & General Battery Value-Chain UCITS ETF | 20.81% | 54.92% | 4.47% | 5.32% | -9.11% | 25.96% | 63.27% | 21.00% | -14.01% |
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 10.76% | 2.80% | 23.78% | 21.69% | -14.83% | 34.27% | 4.44% | 33.94% | 2.95% |
Correlation
The correlation between BATE.DE and IS3Q.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2018 | 0.67 |
The correlation between BATE.DE and IS3Q.DE shifts across timeframes, from 0.56 (3 years) to 0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BATE.DE vs. IS3Q.DE — Risk / Return Rank
BATE.DE
IS3Q.DE
BATE.DE vs. IS3Q.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Legal & General Battery Value-Chain UCITS ETF (BATE.DE) and iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.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.
| BATE.DE | IS3Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.39 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 6.67 | 3.50 | +3.17 |
| Martin ratioReturn relative to average drawdown | 22.65 | 14.50 | +8.15 |
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Drawdowns
BATE.DE vs. IS3Q.DE - Drawdown Comparison
The maximum BATE.DE drawdown since its inception was -36.43%, which is greater than IS3Q.DE's maximum drawdown of -32.30%. Use the drawdown chart below to compare losses from any high point for BATE.DE and IS3Q.DE.
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Drawdown Indicators
| BATE.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.43% | -32.30% | -4.13% |
Max Drawdown (1Y)Largest decline over 1 year | -15.12% | -6.33% | -8.79% |
Max Drawdown (3Y)Largest decline over 3 years | -34.05% | -20.63% | -13.42% |
Max Drawdown (5Y)Largest decline over 5 years | -34.05% | -20.63% | -13.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.30% | — |
Current DrawdownCurrent decline from peak | -13.66% | -0.41% | -13.25% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -6.25% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 1.53% | +2.93% |
Volatility
BATE.DE vs. IS3Q.DE - Volatility Comparison
Legal & General Battery Value-Chain UCITS ETF (BATE.DE) has a higher volatility of 10.20% compared to iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) at 2.34%. This indicates that BATE.DE's price experiences larger fluctuations and is considered to be riskier than IS3Q.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BATE.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | 2.34% | +7.86% |
Volatility (6M)Calculated over the trailing 6-month period | 24.43% | 7.43% | +17.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.65% | 10.68% | +19.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.62% | 14.16% | +9.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.57% | 15.82% | +7.75% |
BATE.DE vs. IS3Q.DE - Expense Ratio Comparison
BATE.DE has a 0.49% expense ratio, which is higher than IS3Q.DE's 0.30% expense ratio.
Dividends
BATE.DE vs. IS3Q.DE - Dividend Comparison
Neither BATE.DE nor IS3Q.DE has paid dividends to shareholders.
Frequently Asked Questions
BATE.DE and IS3Q.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3Q.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3Q.DE is cheaper with a 0.30% expense ratio, compared with 0.49% for BATE.DE.
BATE.DE is categorized as Lithium & Battery Metals, while IS3Q.DE is Global Equities. BATE.DE tracks Solactive Battery Value-Chain Index, while IS3Q.DE tracks MSCI World Sector Neutral Quality. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.49% for BATE.DE and 0.30% for IS3Q.DE.
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