ETLQ.DE vs. IQQ0.DE
ETLQ.DE (L&G Global Equity UCITS ETF) and IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) are both Global Equities funds - ETLQ.DE tracks the Solactive Core Developed Markets Large & Mid Cap while IQQ0.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, ETLQ.DE returned 13.10%/yr vs 6.14%/yr for IQQ0.DE. A 0.70 correlation means they provide meaningful diversification when combined. ETLQ.DE charges 0.10%/yr vs 0.30%/yr for IQQ0.DE.
Performance
ETLQ.DE vs. IQQ0.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETLQ.DE achieves a 10.88% return, which is significantly higher than IQQ0.DE's 1.59% 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*
- —
IQQ0.DE
- 1D
- -0.02%
- 1M
- 1.81%
- YTD
- 1.59%
- 6M
- 1.63%
- 1Y
- 0.25%
- 3Y*
- 6.35%
- 5Y*
- 6.14%
- 10Y*
- 6.81%
ETLQ.DE vs. IQQ0.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% |
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 1.59% | -1.26% | 17.64% | 3.73% | -4.34% | 24.26% | -6.77% | 22.55% |
Correlation
The correlation between ETLQ.DE and IQQ0.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2019 | 0.70 |
Over the past year, the correlation between ETLQ.DE and IQQ0.DE has dropped to 0.35 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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
ETLQ.DE vs. IQQ0.DE — Risk / Return Rank
ETLQ.DE
IQQ0.DE
ETLQ.DE vs. IQQ0.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 iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.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 | IQQ0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.17 | ||
| Sortino ratioReturn per unit of downside risk | +2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.00 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | -0.05 | +3.62 |
| Martin ratioReturn relative to average drawdown | 14.23 | -0.12 | +14.34 |
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
| ETLQ.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | -0.04 | +2.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.60 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.76 | +0.17 |
Drawdowns
ETLQ.DE vs. IQQ0.DE - Drawdown Comparison
The maximum ETLQ.DE drawdown since its inception was -33.38%, which is greater than IQQ0.DE's maximum drawdown of -28.65%. Use the drawdown chart below to compare losses from any high point for ETLQ.DE and IQQ0.DE.
Loading charts...
Drawdown Indicators
| ETLQ.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.38% | -28.65% | -4.73% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -5.22% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -21.58% | -12.82% | -8.76% |
Max Drawdown (5Y)Largest decline over 5 years | -21.58% | -12.82% | -8.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.65% | — |
Current DrawdownCurrent decline from peak | -0.34% | -6.65% | +6.31% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -4.54% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 2.44% | -0.76% |
Volatility
ETLQ.DE vs. IQQ0.DE - Volatility Comparison
L&G Global Equity UCITS ETF (ETLQ.DE) has a higher volatility of 2.68% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) at 2.53%. This indicates that ETLQ.DE's price experiences larger fluctuations and is considered to be riskier than IQQ0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETLQ.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 2.53% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.77% | 5.36% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.18% | 7.78% | +3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 10.08% | +3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 11.62% | +4.12% |
ETLQ.DE vs. IQQ0.DE - Expense Ratio Comparison
ETLQ.DE has a 0.10% expense ratio, which is lower than IQQ0.DE's 0.30% expense ratio.
Dividends
ETLQ.DE vs. IQQ0.DE - Dividend Comparison
Neither ETLQ.DE nor IQQ0.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLQ.DE and IQQ0.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ETLQ.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for IQQ0.DE.
ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap, while IQQ0.DE tracks MSCI World Minimum Volatility. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.10% for ETLQ.DE and 0.30% for IQQ0.DE.
Find the right allocation for ETLQ.DE and IQQ0.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