ETLQ.DE vs. IS3Q.DE
ETLQ.DE (L&G Global Equity UCITS ETF) and IS3Q.DE (iShares Edge MSCI World Quality Factor UCITS ETF (Acc)) are both Global Equities funds - ETLQ.DE tracks the Solactive Core Developed Markets Large & Mid Cap while IS3Q.DE tracks the MSCI World Sector Neutral Quality. Both are passively managed. Over the past 5 years, ETLQ.DE returned 13.10%/yr vs 11.35%/yr for IS3Q.DE. With a 0.95 correlation, they move nearly in lockstep. ETLQ.DE charges 0.10%/yr vs 0.30%/yr for IS3Q.DE.
Performance
ETLQ.DE vs. IS3Q.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLQ.DE achieves a 10.88% return, which is significantly higher than IS3Q.DE's 9.47% 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*
- —
IS3Q.DE
- 1D
- 0.75%
- 1M
- 3.07%
- YTD
- 9.47%
- 6M
- 9.57%
- 1Y
- 18.81%
- 3Y*
- 15.09%
- 5Y*
- 11.35%
- 10Y*
- 12.05%
ETLQ.DE vs. IS3Q.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% |
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 9.47% | 2.80% | 23.78% | 21.70% | -14.84% | 34.28% | 4.44% | 28.45% |
Correlation
The correlation between ETLQ.DE and IS3Q.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2019 | 0.95 |
The correlation between ETLQ.DE and IS3Q.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
ETLQ.DE vs. IS3Q.DE — Risk / Return Rank
ETLQ.DE
IS3Q.DE
ETLQ.DE vs. IS3Q.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 Quality Factor UCITS ETF (Acc) (IS3Q.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 | IS3Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.33 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 2.97 | +0.60 |
| Martin ratioReturn relative to average drawdown | 14.23 | 11.80 | +2.43 |
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
| ETLQ.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 1.76 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.79 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.76 | +0.17 |
Drawdowns
ETLQ.DE vs. IS3Q.DE - Drawdown Comparison
The maximum ETLQ.DE drawdown since its inception was -33.38%, roughly equal to the maximum IS3Q.DE drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for ETLQ.DE and IS3Q.DE.
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Drawdown Indicators
| ETLQ.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.38% | -32.31% | -1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -6.33% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -21.58% | -20.63% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -21.58% | -20.63% | -0.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.31% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.12% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -4.61% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.60% | +0.08% |
Volatility
ETLQ.DE vs. IS3Q.DE - Volatility Comparison
L&G Global Equity UCITS ETF (ETLQ.DE) has a higher volatility of 2.68% compared to iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) at 2.37%. This indicates that ETLQ.DE's price experiences larger fluctuations and is considered to be riskier than IS3Q.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETLQ.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 2.37% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.77% | 7.31% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.18% | 10.66% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 14.15% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 14.89% | +0.85% |
ETLQ.DE vs. IS3Q.DE - Expense Ratio Comparison
ETLQ.DE has a 0.10% expense ratio, which is lower than IS3Q.DE's 0.30% expense ratio.
Dividends
ETLQ.DE vs. IS3Q.DE - Dividend Comparison
Neither ETLQ.DE nor IS3Q.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, ETLQ.DE and IS3Q.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 IS3Q.DE.
ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap, while IS3Q.DE tracks MSCI World Sector Neutral Quality. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.10% for ETLQ.DE and 0.30% for IS3Q.DE.
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