ETLK.DE vs. ESGP.DE

Last updated Jun 5, 2026

ETLK.DE (L&G Asia Pacific ex Japan Equity UCITS ETF) and ESGP.DE (HANetf AuAg ESG Gold Mining UCITS ETF) are both Asia Pacific Equities funds - ETLK.DE tracks the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap while ESGP.DE tracks the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past 3 years, ETLK.DE returned 10.15%/yr vs 9.26%/yr for ESGP.DE. With a 0.97 correlation, they move nearly in lockstep. ETLK.DE charges 0.10%/yr vs 0.60%/yr for ESGP.DE.

Performance

ETLK.DE vs. ESGP.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) and HANetf AuAg ESG Gold Mining UCITS ETF (ESGP.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETLK.DE achieves a 8.76% return, which is significantly higher than ESGP.DE's 6.87% 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*: —

ESGP.DE

• 1D: -0.72%
• 1M: -2.17%
• YTD: 6.87%
• 6M: 8.10%
• 1Y: 11.11%
• 3Y*: 9.26%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETLK.DE vs. ESGP.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ETLK.DE L&G Asia Pacific ex Japan Equity UCITS ETF	8.76%	7.52%	11.54%	1.26%	-0.49%	0.68%
ESGP.DE HANetf AuAg ESG Gold Mining UCITS ETF	6.87%	5.79%	12.94%	2.10%	-2.36%	2.35%

Correlation

The correlation between ETLK.DE and ESGP.DE is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (All Time) Calculated using the full available price history since Aug 30, 2021	0.97

The correlation between ETLK.DE and ESGP.DE has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

ETLK.DE vs. ESGP.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETLK.DE

ETLK.DE Risk / Return Rank: 38
ETLK.DE Sharpe Ratio Rank: 33
ETLK.DE Sortino Ratio Rank: 34
ETLK.DE Omega Ratio Rank: 32
ETLK.DE Calmar Ratio Rank: 48
ETLK.DE Martin Ratio Rank: 41

ESGP.DE

ESGP.DE Risk / Return Rank: 32
ESGP.DE Sharpe Ratio Rank: 29
ESGP.DE Sortino Ratio Rank: 29
ESGP.DE Omega Ratio Rank: 27
ESGP.DE Calmar Ratio Rank: 38
ESGP.DE Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETLK.DE vs. ESGP.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 HANetf AuAg ESG Gold Mining UCITS ETF (ESGP.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	ESGP.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.02	+0.14
Sortino ratio: Return per unit of downside risk	1.76	1.56	+0.21
Omega ratio: Gain probability vs. loss probability	1.21	1.18	+0.03
Calmar ratio: Return relative to maximum drawdown	2.34	1.83	+0.50
Martin ratio: Return relative to average drawdown	6.47	5.36	+1.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETLK.DE vs. ESGP.DE - Sharpe Ratio Comparison

The current ETLK.DE Sharpe Ratio is 1.16, which is comparable to the ESGP.DE Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of ETLK.DE and ESGP.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ETLK.DE	ESGP.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	1.02	+0.14
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	0.39	0.00

Drawdowns

ETLK.DE vs. ESGP.DE - Drawdown Comparison

The maximum ETLK.DE drawdown since its inception was -36.72%, which is greater than ESGP.DE's maximum drawdown of -20.50%. Use the drawdown chart below to compare losses from any high point for ETLK.DE and ESGP.DE.

Drawdown Indicators

	ETLK.DE	ESGP.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.72%	-20.50%	-16.22%
Max Drawdown (1Y) Largest decline over 1 year	-5.98%	-6.31%	+0.33%
Max Drawdown (3Y) Largest decline over 3 years	-19.89%	-20.50%	+0.61%
Max Drawdown (5Y) Largest decline over 5 years	-19.89%	—	—
Current Drawdown Current decline from peak	-2.56%	-2.57%	+0.01%
Average Drawdown Average peak-to-trough decline	-5.76%	-5.31%	-0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	2.16%	0.00%

Volatility

ETLK.DE vs. ESGP.DE - Volatility Comparison

L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) and HANetf AuAg ESG Gold Mining UCITS ETF (ESGP.DE) have volatilities of 3.38% and 3.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETLK.DE	ESGP.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	3.24%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	9.32%	8.68%	+0.64%
Volatility (1Y) Calculated over the trailing 1-year period	12.02%	11.29%	+0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.78%	14.54%	+0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.21%	14.54%	+3.67%

ETLK.DE vs. ESGP.DE - Expense Ratio Comparison

ETLK.DE has a 0.10% expense ratio, which is lower than ESGP.DE's 0.60% expense ratio.

Dividends

ETLK.DE vs. ESGP.DE - Dividend Comparison

Neither ETLK.DE nor ESGP.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ETLK.DE and ESGP.DE in my portfolio?

With a correlation of 0.94, ETLK.DE and ESGP.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.

Which ETF is better, ETLK.DE or ESGP.DE?

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.

Which ETF is cheaper, ETLK.DE or ESGP.DE?

ETLK.DE is cheaper with a 0.10% expense ratio, compared with 0.60% for ESGP.DE.

What is the main difference between ETLK.DE and ESGP.DE?

ETLK.DE tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap, while ESGP.DE tracks MSCI Pacific Ex Japan NR USD. They also come from different issuers: Legal & General and Invesco. Their fees differ too: 0.10% for ETLK.DE and 0.60% for ESGP.DE.