ETLQ.DE vs. EMA5.DE

Last updated Jun 26, 2026

ETLQ.DE (L&G Global Equity UCITS ETF) and EMA5.DE (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF) are both exchange-traded funds - ETLQ.DE is a Global Equities fund tracking the Solactive Core Developed Markets Large & Mid Cap, while EMA5.DE is a Emerging Markets Bonds fund tracking the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity. Both are passively managed. Over the past 5 years, ETLQ.DE returned 12.45%/yr vs 4.00%/yr for EMA5.DE. At a 0.24 correlation, their price movements are largely independent. ETLQ.DE charges 0.10%/yr vs 0.25%/yr for EMA5.DE.

Performance

ETLQ.DE vs. EMA5.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Global Equity UCITS ETF (ETLQ.DE) and L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETLQ.DE achieves a 10.95% return, which is significantly higher than EMA5.DE's 5.40% return.

ETLQ.DE

• 1D: -0.55%
• 1M: 0.69%
• YTD: 10.95%
• 6M: 11.37%
• 1Y: 24.87%
• 3Y*: 18.12%
• 5Y*: 12.45%
• 10Y*: —

EMA5.DE

• 1D: 0.00%
• 1M: 3.29%
• YTD: 5.40%
• 6M: 5.74%
• 1Y: 9.20%
• 3Y*: 7.00%
• 5Y*: 4.00%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETLQ.DE vs. EMA5.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ETLQ.DE L&G Global Equity UCITS ETF	10.95%	8.12%	26.14%	20.86%	-13.64%	32.62%	0.45%
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF	5.40%	-2.08%	14.60%	4.24%	-4.92%	8.07%	-0.83%

Correlation

The correlation between ETLQ.DE and EMA5.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020	0.24

Return for Risk

ETLQ.DE vs. EMA5.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETLQ.DE

ETLQ.DE Risk / Return Rank: 79
ETLQ.DE Sharpe Ratio Rank: 78
ETLQ.DE Sortino Ratio Rank: 77
ETLQ.DE Omega Ratio Rank: 77
ETLQ.DE Calmar Ratio Rank: 79
ETLQ.DE Martin Ratio Rank: 82

EMA5.DE

EMA5.DE Risk / Return Rank: 54
EMA5.DE Sharpe Ratio Rank: 47
EMA5.DE Sortino Ratio Rank: 49
EMA5.DE Omega Ratio Rank: 48
EMA5.DE Calmar Ratio Rank: 73
EMA5.DE Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETLQ.DE vs. EMA5.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Global Equity UCITS ETF (ETLQ.DE) and L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ETLQ.DE	EMA5.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.16	1.47	+0.69
Sortino ratio: Return per unit of downside risk	3.00	2.16	+0.84
Omega ratio: Gain probability vs. loss probability	1.40	1.28	+0.12
Calmar ratio: Return relative to maximum drawdown	3.65	3.22	+0.42
Martin ratio: Return relative to average drawdown	14.29	8.73	+5.57

ETLQ.DE vs. EMA5.DE - Sharpe Ratio Comparison

The current ETLQ.DE Sharpe Ratio is 2.16, which is higher than the EMA5.DE Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of ETLQ.DE and EMA5.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ETLQ.DE vs. EMA5.DE - Drawdown Comparison

The maximum ETLQ.DE drawdown since its inception was -33.33%, which is greater than EMA5.DE's maximum drawdown of -10.01%. Use the drawdown chart below to compare losses from any high point for ETLQ.DE and EMA5.DE.

Drawdown Indicators

	ETLQ.DE	EMA5.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.33%	-10.01%	-23.32%
Max Drawdown (1Y) Largest decline over 1 year	-6.79%	-2.87%	-3.92%
Max Drawdown (3Y) Largest decline over 3 years	-21.61%	-10.01%	-11.60%
Max Drawdown (5Y) Largest decline over 5 years	-21.61%	-10.01%	-11.60%
Current Drawdown Current decline from peak	-0.89%	0.00%	-0.89%
Average Drawdown Average peak-to-trough decline	-4.35%	-3.35%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.74%	1.07%	+0.67%

Volatility

ETLQ.DE vs. EMA5.DE - Volatility Comparison

L&G Global Equity UCITS ETF (ETLQ.DE) has a higher volatility of 3.12% compared to L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.DE) at 2.54%. This indicates that ETLQ.DE's price experiences larger fluctuations and is considered to be riskier than EMA5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETLQ.DE	EMA5.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	2.54%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	8.11%	4.80%	+3.31%
Volatility (1Y) Calculated over the trailing 1-year period	11.44%	6.29%	+5.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.12%	7.12%	+7.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.76%	7.00%	+8.76%

ETLQ.DE vs. EMA5.DE - Expense Ratio Comparison

ETLQ.DE has a 0.10% expense ratio, which is lower than EMA5.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

ETLQ.DE vs. EMA5.DE - Dividend Comparison

ETLQ.DE has not paid dividends to shareholders, while EMA5.DE's dividend yield for the trailing twelve months is around 5.19%.

Position	TTM	2025	2024	2023	2022	2021
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF	5.19%	6.10%	5.86%	4.63%	3.06%	1.19%
ETLQ.DE L&G Global Equity UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETLQ.DE and EMA5.DE in my portfolio?

ETLQ.DE and EMA5.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETLQ.DE or EMA5.DE?

On fees, ETLQ.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETLQ.DE or EMA5.DE?

ETLQ.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for EMA5.DE.

What is the main difference between ETLQ.DE and EMA5.DE?

ETLQ.DE is categorized as Global Equities, while EMA5.DE is Emerging Markets Bonds. ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap, while EMA5.DE tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity. Their fees differ too: 0.10% for ETLQ.DE and 0.25% for EMA5.DE.