ETLQ.DE vs. IS3S.DE
ETLQ.DE (L&G Global Equity UCITS ETF) and IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) are both Global Equities funds - ETLQ.DE tracks the Solactive Core Developed Markets Large & Mid Cap while IS3S.DE tracks the MSCI World Enhanced Value. Both are passively managed. Over the past 5 years, ETLQ.DE returned 13.10%/yr vs 17.35%/yr for IS3S.DE. Their correlation of 0.82 suggests significant overlap in exposure. ETLQ.DE charges 0.10%/yr vs 0.30%/yr for IS3S.DE.
Performance
ETLQ.DE vs. IS3S.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 lower than IS3S.DE's 35.27% 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*
- —
IS3S.DE
- 1D
- -0.83%
- 1M
- 11.04%
- YTD
- 35.27%
- 6M
- 38.20%
- 1Y
- 63.38%
- 3Y*
- 26.82%
- 5Y*
- 17.35%
- 10Y*
- 12.60%
ETLQ.DE vs. IS3S.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% |
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 35.27% | 25.13% | 11.36% | 15.62% | -4.81% | 30.38% | -12.53% | 14.37% |
Correlation
The correlation between ETLQ.DE and IS3S.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2019 | 0.82 |
The correlation between ETLQ.DE and IS3S.DE has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
ETLQ.DE vs. IS3S.DE — Risk / Return Rank
ETLQ.DE
IS3S.DE
ETLQ.DE vs. IS3S.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 Value Factor UCITS ETF (IS3S.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 | IS3S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.83 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 10.36 | -6.79 |
| Martin ratioReturn relative to average drawdown | 14.23 | 39.01 | -24.78 |
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 | IS3S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 4.53 | -2.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 1.24 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.68 | +0.25 |
Drawdowns
ETLQ.DE vs. IS3S.DE - Drawdown Comparison
The maximum ETLQ.DE drawdown since its inception was -33.38%, smaller than the maximum IS3S.DE drawdown of -35.18%. Use the drawdown chart below to compare losses from any high point for ETLQ.DE and IS3S.DE.
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Drawdown Indicators
| ETLQ.DE | IS3S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.38% | -35.18% | +1.80% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -6.09% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -21.58% | -17.80% | -3.78% |
Max Drawdown (5Y)Largest decline over 5 years | -21.58% | -17.80% | -3.78% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.18% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.83% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -5.82% | +1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.62% | +0.06% |
Volatility
ETLQ.DE vs. IS3S.DE - Volatility Comparison
The current volatility for L&G Global Equity UCITS ETF (ETLQ.DE) is 2.68%, while iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a volatility of 5.62%. This indicates that ETLQ.DE experiences smaller price fluctuations and is considered to be less risky than IS3S.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 | IS3S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 5.62% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 7.77% | 11.32% | -3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.18% | 13.93% | -2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 13.85% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.74% | 15.76% | -0.02% |
ETLQ.DE vs. IS3S.DE - Expense Ratio Comparison
ETLQ.DE has a 0.10% expense ratio, which is lower than IS3S.DE's 0.30% expense ratio.
Dividends
ETLQ.DE vs. IS3S.DE - Dividend Comparison
Neither ETLQ.DE nor IS3S.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLQ.DE and IS3S.DE have a correlation of 0.78, 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 IS3S.DE.
ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap, while IS3S.DE tracks MSCI World Enhanced Value. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.10% for ETLQ.DE and 0.30% for IS3S.DE.
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