ETLK.DE vs. IS3M.DE
ETLK.DE (L&G Asia Pacific ex Japan Equity UCITS ETF) and IS3M.DE (iShares € Ultrashort Bond 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 IS3M.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). Both are passively managed. Over the past 5 years, ETLK.DE returned 5.51%/yr vs 2.10%/yr for IS3M.DE. At a 0.03 correlation, their price movements are largely independent. ETLK.DE charges 0.10%/yr vs 0.09%/yr for IS3M.DE.
Performance
ETLK.DE vs. IS3M.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 IS3M.DE's 0.92% 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*
- —
IS3M.DE
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 0.92%
- 6M
- 1.05%
- 1Y
- 2.27%
- 3Y*
- 3.34%
- 5Y*
- 2.10%
- 10Y*
- 1.01%
ETLK.DE vs. IS3M.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% |
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 0.92% | 2.61% | 4.12% | 3.42% | -0.29% | -0.36% | 0.09% | 0.22% |
Correlation
The correlation between ETLK.DE and IS3M.DE is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2019 | 0.03 |
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Return for Risk
ETLK.DE vs. IS3M.DE — Risk / Return Rank
ETLK.DE
IS3M.DE
ETLK.DE vs. IS3M.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 iShares € Ultrashort Bond UCITS ETF (IS3M.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 | IS3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.91 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.64 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 7.59 | -5.25 |
| Martin ratioReturn relative to average drawdown | 6.47 | 49.96 | -43.49 |
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 | IS3M.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 2.95 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 2.74 | -2.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.86 | -0.47 |
Drawdowns
ETLK.DE vs. IS3M.DE - Drawdown Comparison
The maximum ETLK.DE drawdown since its inception was -36.72%, which is greater than IS3M.DE's maximum drawdown of -3.80%. Use the drawdown chart below to compare losses from any high point for ETLK.DE and IS3M.DE.
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Drawdown Indicators
| ETLK.DE | IS3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.72% | -3.80% | -32.92% |
Max Drawdown (1Y)Largest decline over 1 year | -5.98% | -0.30% | -5.68% |
Max Drawdown (3Y)Largest decline over 3 years | -19.89% | -0.47% | -19.42% |
Max Drawdown (5Y)Largest decline over 5 years | -19.89% | -1.21% | -18.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.80% | — |
Current DrawdownCurrent decline from peak | -2.56% | -0.01% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -0.29% | -5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 0.05% | +2.11% |
Volatility
ETLK.DE vs. IS3M.DE - Volatility Comparison
L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) has a higher volatility of 3.38% compared to iShares € Ultrashort Bond UCITS ETF (IS3M.DE) at 0.29%. This indicates that ETLK.DE's price experiences larger fluctuations and is considered to be riskier than IS3M.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 | IS3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 0.29% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 0.59% | +8.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 0.76% | +11.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 0.76% | +14.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 1.11% | +17.10% |
ETLK.DE vs. IS3M.DE - Expense Ratio Comparison
ETLK.DE has a 0.10% expense ratio, which is higher than IS3M.DE's 0.09% 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
ETLK.DE vs. IS3M.DE - Dividend Comparison
ETLK.DE has not paid dividends to shareholders, while IS3M.DE's dividend yield for the trailing twelve months is around 3.29%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETLK.DE L&G Asia Pacific ex Japan Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 3.29% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
Frequently Asked Questions
ETLK.DE and IS3M.DE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3M.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3M.DE is cheaper with a 0.09% expense ratio, compared with 0.10% for ETLK.DE.
ETLK.DE is categorized as Asia Pacific Equities, while IS3M.DE is Ultrashort Bond. ETLK.DE tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap, while IS3M.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.10% for ETLK.DE and 0.09% for IS3M.DE.
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