ETLK.DE vs. ETLQ.DE
ETLK.DE (L&G Asia Pacific ex Japan Equity UCITS ETF) and ETLQ.DE (L&G Global Equity UCITS ETF) 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 ETLQ.DE is a Global Equities fund tracking the Solactive Core Developed Markets Large & Mid Cap. Both are passively managed. Over the past 5 years, ETLK.DE returned 5.51%/yr vs 13.10%/yr for ETLQ.DE. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
ETLK.DE vs. ETLQ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETLK.DE achieves a 8.76% return, which is significantly lower than ETLQ.DE's 10.88% 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*
- —
ETLQ.DE
- 1D
- 0.00%
- 1M
- 3.89%
- YTD
- 10.88%
- 6M
- 10.99%
- 1Y
- 23.85%
- 3Y*
- 17.73%
- 5Y*
- 13.10%
- 10Y*
- —
ETLK.DE vs. ETLQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ETLK.DE L&G Asia Pacific ex Japan Equity UCITS ETF | 8.76% | 7.52% | 11.54% | 1.26% | -0.49% | 11.62% | -1.71% | 15.82% |
ETLQ.DE L&G Global Equity UCITS ETF | 10.88% | 8.14% | 26.10% | 20.83% | -13.64% | 32.63% | 5.63% | 24.59% |
Correlation
The correlation between ETLK.DE and ETLQ.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2019 | 0.74 |
The correlation between ETLK.DE and ETLQ.DE has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETLK.DE vs. ETLQ.DE — Risk / Return Rank
ETLK.DE
ETLQ.DE
ETLK.DE vs. ETLQ.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 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.
| ETLK.DE | ETLQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.39 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 3.56 | -1.23 |
| Martin ratioReturn relative to average drawdown | 6.47 | 14.23 | -7.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ETLK.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 2.13 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.92 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.93 | -0.54 |
Drawdowns
ETLK.DE vs. ETLQ.DE - Drawdown Comparison
The maximum ETLK.DE drawdown since its inception was -36.72%, which is greater than ETLQ.DE's maximum drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for ETLK.DE and ETLQ.DE.
Loading charts...
Drawdown Indicators
| ETLK.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.72% | -33.38% | -3.34% |
Max Drawdown (1Y)Largest decline over 1 year | -5.98% | -6.68% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -19.89% | -21.58% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -19.89% | -21.58% | +1.69% |
Current DrawdownCurrent decline from peak | -2.56% | -0.34% | -2.22% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -4.33% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.68% | +0.48% |
Volatility
ETLK.DE vs. ETLQ.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 Global Equity UCITS ETF (ETLQ.DE) at 2.68%. This indicates that ETLK.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.
Loading charts...
Volatility by Period
| ETLK.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 2.68% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 7.77% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 11.18% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 14.06% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 15.74% | +2.47% |
ETLK.DE vs. ETLQ.DE - Expense Ratio Comparison
Both ETLK.DE and ETLQ.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ETLK.DE vs. ETLQ.DE - Dividend Comparison
Neither ETLK.DE nor ETLQ.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLK.DE and ETLQ.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ETLK.DE and ETLQ.DE have the same expense ratio: 0.10% per year.
ETLK.DE is categorized as Asia Pacific Equities, while ETLQ.DE is Global Equities. ETLK.DE tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap, while ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap.
Find the right allocation for ETLK.DE and ETLQ.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer