ETLQ.DE vs. ETLK.DE

Last updated Jun 5, 2026

ETLQ.DE (L&G Global Equity UCITS ETF) and ETLK.DE (L&G Asia Pacific ex Japan Equity UCITS ETF) are both exchange-traded funds - ETLQ.DE is a Global Equities fund tracking the Solactive Core Developed Markets Large & Mid Cap, while ETLK.DE is a Asia Pacific Equities fund tracking the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, ETLQ.DE returned 13.10%/yr vs 5.51%/yr for ETLK.DE. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.

Performance

ETLQ.DE vs. ETLK.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 Asia Pacific ex Japan Equity UCITS ETF (ETLK.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 10.88% return, which is significantly higher than ETLK.DE's 8.76% return.

ETLQ.DE

• 1D: 0.00%
• 1M: 3.89%
• YTD: 10.88%
• 6M: 10.99%
• 1Y: 23.85%
• 3Y*: 17.73%
• 5Y*: 13.10%
• 10Y*: —

ETLK.DE

• 1D: -0.99%
• 1M: -2.56%
• YTD: 8.76%
• 6M: 10.04%
• 1Y: 13.52%
• 3Y*: 10.15%
• 5Y*: 5.51%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ETLQ.DE L&G Global Equity UCITS ETF	10.88%	8.14%	26.10%	20.83%	-13.64%	32.63%	5.63%	24.59%
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%

Correlation

The correlation between ETLQ.DE and ETLK.DE is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jan 17, 2019	0.74

The correlation between ETLQ.DE and ETLK.DE has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.

Return for Risk

ETLQ.DE vs. ETLK.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: 69
ETLQ.DE Sharpe Ratio Rank: 65
ETLQ.DE Sortino Ratio Rank: 65
ETLQ.DE Omega Ratio Rank: 66
ETLQ.DE Calmar Ratio Rank: 72
ETLQ.DE Martin Ratio Rank: 76

ETLK.DE

ETLK.DE Risk / Return Rank: 38
ETLK.DE Sharpe Ratio Rank: 33
ETLK.DE Sortino Ratio Rank: 34
ETLK.DE Omega Ratio Rank: 32
ETLK.DE Calmar Ratio Rank: 48
ETLK.DE Martin Ratio Rank: 41

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. ETLK.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 Asia Pacific ex Japan Equity UCITS ETF (ETLK.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.

	ETLQ.DE	ETLK.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.16	+0.97
Sortino ratio: Return per unit of downside risk	2.98	1.76	+1.22
Omega ratio: Gain probability vs. loss probability	1.39	1.21	+0.18
Calmar ratio: Return relative to maximum drawdown	3.56	2.34	+1.23
Martin ratio: Return relative to average drawdown	14.23	6.47	+7.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current ETLQ.DE Sharpe Ratio is 2.13, which is higher than the ETLK.DE Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of ETLQ.DE and ETLK.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.

Sharpe Ratios by Period

	ETLQ.DE	ETLK.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	1.16	+0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.37	+0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.39	+0.54

Drawdowns

ETLQ.DE vs. ETLK.DE - Drawdown Comparison

The maximum ETLQ.DE drawdown since its inception was -33.38%, smaller than the maximum ETLK.DE drawdown of -36.72%. Use the drawdown chart below to compare losses from any high point for ETLQ.DE and ETLK.DE.

Drawdown Indicators

	ETLQ.DE	ETLK.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.38%	-36.72%	+3.34%
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	-5.98%	-0.70%
Max Drawdown (3Y) Largest decline over 3 years	-21.58%	-19.89%	-1.69%
Max Drawdown (5Y) Largest decline over 5 years	-21.58%	-19.89%	-1.69%
Current Drawdown Current decline from peak	-0.34%	-2.56%	+2.22%
Average Drawdown Average peak-to-trough decline	-4.33%	-5.76%	+1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	2.16%	-0.48%

Volatility

ETLQ.DE vs. ETLK.DE - Volatility Comparison

The current volatility for L&G Global Equity UCITS ETF (ETLQ.DE) is 2.68%, while L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) has a volatility of 3.38%. This indicates that ETLQ.DE experiences smaller price fluctuations and is considered to be less risky than ETLK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETLQ.DE	ETLK.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.68%	3.38%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	7.77%	9.32%	-1.55%
Volatility (1Y) Calculated over the trailing 1-year period	11.18%	12.02%	-0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.06%	14.78%	-0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.74%	18.21%	-2.47%

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

Both ETLQ.DE and ETLK.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

ETLQ.DE vs. ETLK.DE - Dividend Comparison

Neither ETLQ.DE nor ETLK.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

ETLQ.DE and ETLK.DE have a correlation of 0.67, 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 ETLK.DE?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

ETLQ.DE and ETLK.DE have the same expense ratio: 0.10% per year.

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

ETLQ.DE is categorized as Global Equities, while ETLK.DE is Asia Pacific Equities. ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap, while ETLK.DE tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap.