ETLQ.DE vs. MNG.L

Last updated Apr 2, 2026

Compare and contrast key facts about L&G Global Equity UCITS ETF (ETLQ.DE) and M&G plc (MNG.L).

ETLQ.DE is a passively managed fund by Legal & General that tracks the performance of the Solactive Core Developed Markets Large & Mid Cap. It was launched on Nov 13, 2018.

Performance

ETLQ.DE vs. MNG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Global Equity UCITS ETF (ETLQ.DE) and M&G plc (MNG.L). The values are adjusted to include any dividend payments, if applicable.

ETLQ.DE vs. MNG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ETLQ.DE L&G Global Equity UCITS ETF	-1.44%	8.14%	26.10%	20.83%	-13.64%	32.63%	5.63%	6.89%
MNG.L M&G plc	4.69%	50.18%	2.03%	33.95%	-2.77%	17.06%	-11.10%	10.67%

Different Trading Currencies

ETLQ.DE is traded in EUR, while MNG.L is traded in GBp. To make them comparable, the MNG.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ETLQ.DE achieves a -1.44% return, which is significantly lower than MNG.L's 4.69% return.

ETLQ.DE

• 1D: 2.00%
• 1M: -3.20%
• YTD: -1.44%
• 6M: 1.90%
• 1Y: 12.38%
• 3Y*: 15.33%
• 5Y*: 10.99%
• 10Y*: —

MNG.L

• 1D: 5.36%
• 1M: -4.73%
• YTD: 4.69%
• 6M: 18.52%
• 1Y: 47.93%
• 3Y*: 23.58%
• 5Y*: 15.71%
• 10Y*: —

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

Return for Risk

ETLQ.DE vs. MNG.L — 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: 45
ETLQ.DE Sharpe Ratio Rank: 38
ETLQ.DE Sortino Ratio Rank: 37
ETLQ.DE Omega Ratio Rank: 40
ETLQ.DE Calmar Ratio Rank: 52
ETLQ.DE Martin Ratio Rank: 59

MNG.L

MNG.L Risk / Return Rank: 93
MNG.L Sharpe Ratio Rank: 94
MNG.L Sortino Ratio Rank: 92
MNG.L Omega Ratio Rank: 94
MNG.L Calmar Ratio Rank: 92
MNG.L Martin Ratio Rank: 95

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. MNG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Global Equity UCITS ETF (ETLQ.DE) and M&G plc (MNG.L). 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	MNG.L	Difference
Sharpe ratio Return per unit of total volatility	0.77	2.07	-1.30
Sortino ratio Return per unit of downside risk	1.12	2.66	-1.54
Omega ratio Gain probability vs. loss probability	1.17	1.40	-0.23
Calmar ratio Return relative to maximum drawdown	1.47	3.54	-2.07
Martin ratio Return relative to average drawdown	6.37	13.64	-7.26
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. MNG.L - Sharpe Ratio Comparison

The current ETLQ.DE Sharpe Ratio is 0.77, which is lower than the MNG.L Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of ETLQ.DE and MNG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ETLQ.DE	MNG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	2.07	-1.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.63	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.38	+0.45

Correlation

The correlation between ETLQ.DE and MNG.L is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ETLQ.DE vs. MNG.L - Dividend Comparison

ETLQ.DE has not paid dividends to shareholders, while MNG.L's dividend yield for the trailing twelve months is around 7.19%.

	TTM	2025	2024	2023	2022	2021	2020
ETLQ.DE L&G Global Equity UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MNG.L M&G plc	7.19%	7.05%	10.01%	8.95%	9.80%	9.19%	9.05%

Drawdowns

ETLQ.DE vs. MNG.L - Drawdown Comparison

The maximum ETLQ.DE drawdown since its inception was -33.38%, smaller than the maximum MNG.L drawdown of -66.82%. Use the drawdown chart below to compare losses from any high point for ETLQ.DE and MNG.L.

Drawdown Indicators

	ETLQ.DE	MNG.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.38%	-62.75%	+29.37%
Max Drawdown (1Y) Largest decline over 1 year	-12.97%	-13.49%	+0.52%
Max Drawdown (5Y) Largest decline over 5 years	-21.58%	-27.97%	+6.39%
Current Drawdown Current decline from peak	-4.11%	-7.37%	+3.26%
Average Drawdown Average peak-to-trough decline	-4.42%	-10.04%	+5.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	3.32%	-1.35%

Volatility

ETLQ.DE vs. MNG.L - Volatility Comparison

The current volatility for L&G Global Equity UCITS ETF (ETLQ.DE) is 4.31%, while M&G plc (MNG.L) has a volatility of 9.80%. This indicates that ETLQ.DE experiences smaller price fluctuations and is considered to be less risky than MNG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETLQ.DE	MNG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	9.80%	-5.49%
Volatility (6M) Calculated over the trailing 6-month period	8.38%	14.23%	-5.85%
Volatility (1Y) Calculated over the trailing 1-year period	16.08%	23.05%	-6.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.07%	25.04%	-10.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.84%	38.20%	-22.36%