ETLN.DE vs. ED3F.DE
ETLN.DE (L&G Europe ex UK Equity UCITS ETF) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - ETLN.DE is a Europe Equities fund tracking the Solactive Core Developed Markets Europe ex UK Large & Mid Cap, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, ETLN.DE returned 16.15% vs -4.47% for ED3F.DE. At a 0.29 correlation, their price movements are largely independent. ETLN.DE charges 0.10%/yr vs 0.40%/yr for ED3F.DE.
Performance
ETLN.DE vs. ED3F.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETLN.DE achieves a 7.75% return, which is significantly higher than ED3F.DE's 0.02% return.
ETLN.DE
- 1D
- 0.40%
- 1M
- 1.13%
- YTD
- 7.75%
- 6M
- 9.98%
- 1Y
- 16.15%
- 3Y*
- 13.52%
- 5Y*
- 9.33%
- 10Y*
- —
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.46%
- YTD
- 0.02%
- 6M
- 4.71%
- 1Y
- -4.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETLN.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETLN.DE L&G Europe ex UK Equity UCITS ETF | 7.75% | 8.20% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between ETLN.DE and ED3F.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.29 |
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
ETLN.DE vs. ED3F.DE — Risk / Return Rank
ETLN.DE
ED3F.DE
ETLN.DE vs. ED3F.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Europe ex UK Equity UCITS ETF (ETLN.DE) and Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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.
| ETLN.DE | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.01 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | -0.08 | +1.70 |
| Martin ratioReturn relative to average drawdown | 5.98 | -0.18 | +6.16 |
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
| ETLN.DE | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | -0.06 | +1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.15 | +0.54 |
Drawdowns
ETLN.DE vs. ED3F.DE - Drawdown Comparison
The maximum ETLN.DE drawdown since its inception was -34.76%, which is greater than ED3F.DE's maximum drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for ETLN.DE and ED3F.DE.
Loading charts...
Drawdown Indicators
| ETLN.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.76% | -23.91% | -10.85% |
Max Drawdown (1Y)Largest decline over 1 year | -10.09% | -23.91% | +13.82% |
Max Drawdown (3Y)Largest decline over 3 years | -16.98% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.47% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | -20.80% | +19.24% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -8.37% | +3.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 10.25% | -7.52% |
Volatility
ETLN.DE vs. ED3F.DE - Volatility Comparison
The current volatility for L&G Europe ex UK Equity UCITS ETF (ETLN.DE) is 4.39%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that ETLN.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETLN.DE | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 10.58% | -6.19% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 22.80% | -11.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.84% | 30.60% | -16.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 30.42% | -15.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 30.42% | -13.65% |
ETLN.DE vs. ED3F.DE - Expense Ratio Comparison
ETLN.DE has a 0.10% expense ratio, which is lower than ED3F.DE's 0.40% expense ratio.
Dividends
ETLN.DE vs. ED3F.DE - Dividend Comparison
Neither ETLN.DE nor ED3F.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLN.DE and ED3F.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLN.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLN.DE is cheaper with a 0.10% expense ratio, compared with 0.40% for ED3F.DE.
ETLN.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. ETLN.DE tracks Solactive Core Developed Markets Europe ex UK Large & Mid Cap, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: Legal & General and Global X. Their fees differ too: 0.10% for ETLN.DE and 0.40% for ED3F.DE.
Find the right allocation for ETLN.DE and ED3F.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