ETLK.DE vs. LGGE.DE
ETLK.DE (L&G Asia Pacific ex Japan Equity UCITS ETF) and LGGE.DE (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK 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 LGGE.DE is a Europe Equities fund tracking the FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality. Both are passively managed. Over the past 3 years, ETLK.DE returned 10.15%/yr vs 24.04%/yr for LGGE.DE. A 0.65 correlation means they provide meaningful diversification when combined. ETLK.DE charges 0.10%/yr vs 0.25%/yr for LGGE.DE.
Performance
ETLK.DE vs. LGGE.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 lower than LGGE.DE's 11.27% 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*
- —
LGGE.DE
- 1D
- 0.15%
- 1M
- -0.22%
- YTD
- 11.27%
- 6M
- 15.32%
- 1Y
- 26.49%
- 3Y*
- 24.04%
- 5Y*
- —
- 10Y*
- —
ETLK.DE vs. LGGE.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% | -0.14% |
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 11.27% | 38.29% | 14.07% | 17.18% | -3.86% | 7.23% |
Correlation
The correlation between ETLK.DE and LGGE.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.65 |
The correlation between ETLK.DE and LGGE.DE has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.
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Return for Risk
ETLK.DE vs. LGGE.DE — Risk / Return Rank
ETLK.DE
LGGE.DE
ETLK.DE vs. LGGE.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 Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.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 | LGGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.40 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 3.61 | -1.27 |
| Martin ratioReturn relative to average drawdown | 6.47 | 13.07 | -6.60 |
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 | LGGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 2.19 | -1.03 |
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 | 1.13 | -0.73 |
Drawdowns
ETLK.DE vs. LGGE.DE - Drawdown Comparison
The maximum ETLK.DE drawdown since its inception was -36.72%, which is greater than LGGE.DE's maximum drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for ETLK.DE and LGGE.DE.
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Drawdown Indicators
| ETLK.DE | LGGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.72% | -20.11% | -16.61% |
Max Drawdown (1Y)Largest decline over 1 year | -5.98% | -7.28% | +1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -19.89% | -14.71% | -5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -19.89% | — | — |
Current DrawdownCurrent decline from peak | -2.56% | -2.09% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -3.23% | -2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.01% | +0.15% |
Volatility
ETLK.DE vs. LGGE.DE - Volatility Comparison
The current volatility for L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) is 3.38%, while L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) has a volatility of 3.60%. This indicates that ETLK.DE experiences smaller price fluctuations and is considered to be less risky than LGGE.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 | LGGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 3.60% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 9.47% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 11.99% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 14.60% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 14.60% | +3.61% |
ETLK.DE vs. LGGE.DE - Expense Ratio Comparison
ETLK.DE has a 0.10% expense ratio, which is lower than LGGE.DE's 0.25% expense ratio. Despite the difference, 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. LGGE.DE - Dividend Comparison
ETLK.DE has not paid dividends to shareholders, while LGGE.DE's dividend yield for the trailing twelve months is around 3.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ETLK.DE L&G Asia Pacific ex Japan Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 3.13% | 3.47% | 4.37% | 4.43% | 4.18% | 1.52% |
Frequently Asked Questions
ETLK.DE and LGGE.DE have a correlation of 0.60, 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 0.25% for LGGE.DE.
ETLK.DE is categorized as Asia Pacific Equities, while LGGE.DE is Europe Equities. ETLK.DE tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap, while LGGE.DE tracks FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality. Their fees differ too: 0.10% for ETLK.DE and 0.25% for LGGE.DE.
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