ETLK.DE vs. ENDH.DE
ETLK.DE (L&G Asia Pacific ex Japan Equity UCITS ETF) and ENDH.DE (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - ETLK.DE is a Asia Pacific Equities fund tracking the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap, while ENDH.DE is a Emerging Markets Bonds fund tracking the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity (EUR Hedged). Both are passively managed. Over the past 3 years, ETLK.DE returned 10.15%/yr vs 6.26%/yr for ENDH.DE. At a 0.37 correlation, their price movements are largely independent. ETLK.DE charges 0.10%/yr vs 0.28%/yr for ENDH.DE.
Performance
ETLK.DE vs. ENDH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLK.DE achieves a 8.76% return, which is significantly higher than ENDH.DE's -0.08% return.
ETLK.DE
- 1D
- -0.99%
- 1M
- -2.56%
- YTD
- 8.76%
- 6M
- 10.04%
- 1Y
- 13.52%
- 3Y*
- 10.15%
- 5Y*
- 5.51%
- 10Y*
- —
ENDH.DE
- 1D
- 0.37%
- 1M
- -1.29%
- YTD
- -0.08%
- 6M
- 0.40%
- 1Y
- 3.93%
- 3Y*
- 6.26%
- 5Y*
- —
- 10Y*
- —
ETLK.DE vs. ENDH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ETLK.DE L&G Asia Pacific ex Japan Equity UCITS ETF | 8.76% | 7.52% | 11.54% | 1.26% | 1.07% |
ENDH.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc | -0.08% | 7.89% | 6.59% | 5.41% | -2.17% |
Correlation
The correlation between ETLK.DE and ENDH.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since May 12, 2022 | 0.37 |
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Return for Risk
ETLK.DE vs. ENDH.DE — Risk / Return Rank
ETLK.DE
ENDH.DE
ETLK.DE vs. ENDH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) and L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc (ENDH.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.
| ETLK.DE | ENDH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 1.73 | +0.60 |
| Martin ratioReturn relative to average drawdown | 6.47 | 6.28 | +0.19 |
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
| ETLK.DE | ENDH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.92 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.86 | -0.47 |
Drawdowns
ETLK.DE vs. ENDH.DE - Drawdown Comparison
The maximum ETLK.DE drawdown since its inception was -36.72%, which is greater than ENDH.DE's maximum drawdown of -6.78%. Use the drawdown chart below to compare losses from any high point for ETLK.DE and ENDH.DE.
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Drawdown Indicators
| ETLK.DE | ENDH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.72% | -6.78% | -29.94% |
Max Drawdown (1Y)Largest decline over 1 year | -5.98% | -2.21% | -3.77% |
Max Drawdown (3Y)Largest decline over 3 years | -19.89% | -2.71% | -17.18% |
Max Drawdown (5Y)Largest decline over 5 years | -19.89% | — | — |
Current DrawdownCurrent decline from peak | -2.56% | -1.33% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -1.11% | -4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 0.61% | +1.55% |
Volatility
ETLK.DE vs. ENDH.DE - Volatility Comparison
L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) has a higher volatility of 3.38% compared to L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc (ENDH.DE) at 2.69%. This indicates that ETLK.DE's price experiences larger fluctuations and is considered to be riskier than ENDH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETLK.DE | ENDH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 2.69% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 3.74% | +5.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 4.17% | +7.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 4.89% | +9.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 4.89% | +13.32% |
ETLK.DE vs. ENDH.DE - Expense Ratio Comparison
ETLK.DE has a 0.10% expense ratio, which is lower than ENDH.DE's 0.28% expense ratio.
Dividends
ETLK.DE vs. ENDH.DE - Dividend Comparison
Neither ETLK.DE nor ENDH.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLK.DE and ENDH.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLK.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLK.DE is cheaper with a 0.10% expense ratio, compared with 0.28% for ENDH.DE.
ETLK.DE is categorized as Asia Pacific Equities, while ENDH.DE is Emerging Markets Bonds. ETLK.DE tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap, while ENDH.DE tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity (EUR Hedged). Their fees differ too: 0.10% for ETLK.DE and 0.28% for ENDH.DE.
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