ETLN.DE vs. ETLQ.DE
ETLN.DE (L&G Europe ex UK Equity UCITS ETF) and ETLQ.DE (L&G Global Equity UCITS ETF) 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 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, ETLN.DE returned 9.33%/yr vs 13.10%/yr for ETLQ.DE. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
ETLN.DE vs. ETLQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLN.DE achieves a 7.75% return, which is significantly lower than ETLQ.DE's 10.88% 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*
- —
ETLQ.DE
- 1D
- 0.00%
- 1M
- 3.89%
- YTD
- 10.88%
- 6M
- 10.99%
- 1Y
- 23.85%
- 3Y*
- 17.73%
- 5Y*
- 13.10%
- 10Y*
- —
ETLN.DE vs. ETLQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ETLN.DE L&G Europe ex UK Equity UCITS ETF | 7.75% | 20.59% | 6.45% | 18.04% | -12.23% | 25.18% | 1.20% | 23.92% |
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 ETLN.DE and ETLQ.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2019 | 0.78 |
The correlation between ETLN.DE and ETLQ.DE has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
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Return for Risk
ETLN.DE vs. ETLQ.DE — Risk / Return Rank
ETLN.DE
ETLQ.DE
ETLN.DE vs. ETLQ.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 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.
| ETLN.DE | ETLQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.39 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 3.56 | -1.95 |
| Martin ratioReturn relative to average drawdown | 5.98 | 14.23 | -8.25 |
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
| ETLN.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 2.13 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.92 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.93 | -0.24 |
Drawdowns
ETLN.DE vs. ETLQ.DE - Drawdown Comparison
The maximum ETLN.DE drawdown since its inception was -34.76%, roughly equal to the maximum ETLQ.DE drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for ETLN.DE and ETLQ.DE.
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Drawdown Indicators
| ETLN.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.76% | -33.38% | -1.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.09% | -6.68% | -3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -16.98% | -21.58% | +4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -22.47% | -21.58% | -0.89% |
Current DrawdownCurrent decline from peak | -1.56% | -0.34% | -1.22% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -4.33% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 1.68% | +1.05% |
Volatility
ETLN.DE vs. ETLQ.DE - Volatility Comparison
L&G Europe ex UK Equity UCITS ETF (ETLN.DE) has a higher volatility of 4.39% compared to L&G Global Equity UCITS ETF (ETLQ.DE) at 2.68%. This indicates that ETLN.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.
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Volatility by Period
| ETLN.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 2.68% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 7.77% | +3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.84% | 11.18% | +2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 14.06% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 15.74% | +1.03% |
ETLN.DE vs. ETLQ.DE - Expense Ratio Comparison
Both ETLN.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
ETLN.DE vs. ETLQ.DE - Dividend Comparison
Neither ETLN.DE nor ETLQ.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLN.DE and ETLQ.DE have a correlation of 0.72, 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.
ETLN.DE and ETLQ.DE have the same expense ratio: 0.10% per year.
ETLN.DE is categorized as Europe Equities, while ETLQ.DE is Global Equities. ETLN.DE tracks Solactive Core Developed Markets Europe ex UK Large & Mid Cap, while ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap.
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