ETLQ.DE vs. JPCT.DE

Last updated Jun 5, 2026

ETLQ.DE (L&G Global Equity UCITS ETF) and JPCT.DE (JPMorgan Carbon Transition Global Equity UCITS ETF USD (acc)) are both Global Equities funds - ETLQ.DE tracks the Solactive Core Developed Markets Large & Mid Cap while JPCT.DE tracks the Solactive JP Morgan Asset Management Carbon Transition Global Equity. Both are passively managed. Over the past 5 years, ETLQ.DE returned 13.10%/yr vs 11.53%/yr for JPCT.DE. With a 0.98 correlation, they move nearly in lockstep. ETLQ.DE charges 0.10%/yr vs 0.19%/yr for JPCT.DE.

Performance

ETLQ.DE vs. JPCT.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 JPMorgan Carbon Transition Global Equity UCITS ETF USD (acc) (JPCT.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 JPCT.DE's 7.39% 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*: —

JPCT.DE

• 1D: 0.24%
• 1M: 3.19%
• YTD: 7.39%
• 6M: 7.37%
• 1Y: 18.55%
• 3Y*: 15.09%
• 5Y*: 11.53%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ETLQ.DE L&G Global Equity UCITS ETF	10.88%	8.14%	26.10%	20.83%	-13.64%	32.63%	2.63%
JPCT.DE JPMorgan Carbon Transition Global Equity UCITS ETF USD (acc)	7.39%	6.84%	24.37%	19.66%	-14.19%	34.64%	2.14%

Correlation

The correlation between ETLQ.DE and JPCT.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Nov 13, 2020	0.98

The correlation between ETLQ.DE and JPCT.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

ETLQ.DE vs. JPCT.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

JPCT.DE

JPCT.DE Risk / Return Rank: 47
JPCT.DE Sharpe Ratio Rank: 46
JPCT.DE Sortino Ratio Rank: 47
JPCT.DE Omega Ratio Rank: 47
JPCT.DE Calmar Ratio Rank: 44
JPCT.DE Martin Ratio Rank: 51

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. JPCT.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 JPMorgan Carbon Transition Global Equity UCITS ETF USD (acc) (JPCT.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	JPCT.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.59	+0.54
Sortino ratio: Return per unit of downside risk	2.98	2.29	+0.69
Omega ratio: Gain probability vs. loss probability	1.39	1.30	+0.10
Calmar ratio: Return relative to maximum drawdown	3.56	2.11	+1.45
Martin ratio: Return relative to average drawdown	14.23	8.45	+5.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current ETLQ.DE Sharpe Ratio is 2.13, which is higher than the JPCT.DE Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of ETLQ.DE and JPCT.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	JPCT.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	1.59	+0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.81	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	0.96	-0.03

Drawdowns

ETLQ.DE vs. JPCT.DE - Drawdown Comparison

The maximum ETLQ.DE drawdown since its inception was -33.38%, which is greater than JPCT.DE's maximum drawdown of -22.18%. Use the drawdown chart below to compare losses from any high point for ETLQ.DE and JPCT.DE.

Drawdown Indicators

	ETLQ.DE	JPCT.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.38%	-22.18%	-11.20%
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	-8.78%	+2.10%
Max Drawdown (3Y) Largest decline over 3 years	-21.58%	-22.18%	+0.60%
Max Drawdown (5Y) Largest decline over 5 years	-21.58%	-22.18%	+0.60%
Current Drawdown Current decline from peak	-0.34%	-0.17%	-0.17%
Average Drawdown Average peak-to-trough decline	-4.33%	-4.13%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	2.20%	-0.52%

Volatility

ETLQ.DE vs. JPCT.DE - Volatility Comparison

L&G Global Equity UCITS ETF (ETLQ.DE) and JPMorgan Carbon Transition Global Equity UCITS ETF USD (acc) (JPCT.DE) have volatilities of 2.68% and 2.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETLQ.DE	JPCT.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.68%	2.80%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	7.77%	8.42%	-0.65%
Volatility (1Y) Calculated over the trailing 1-year period	11.18%	11.67%	-0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.06%	14.13%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.74%	13.89%	+1.85%

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

ETLQ.DE has a 0.10% expense ratio, which is lower than JPCT.DE's 0.19% 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. JPCT.DE - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.98, ETLQ.DE and JPCT.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.

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

ETLQ.DE is cheaper with a 0.10% expense ratio, compared with 0.19% for JPCT.DE.

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

ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap, while JPCT.DE tracks Solactive JP Morgan Asset Management Carbon Transition Global Equity. They also come from different issuers: Legal & General and JPMorgan. Their fees differ too: 0.10% for ETLQ.DE and 0.19% for JPCT.DE.