ETLR.DE vs. ^SP500TR
ETLR.DE (L&G Japan Equity UCITS ETF) is Japan Equities fund tracking the Solactive Core Japan Large & Mid Cap, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 5 years, ETLR.DE returned 10.36%/yr vs 14.17%/yr for ^SP500TR. At a 0.41 correlation, their price movements are largely independent.
Performance
ETLR.DE vs. ^SP500TR - Performance Comparison
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Different Trading Currencies
ETLR.DE is traded in EUR, while ^SP500TR is traded in USD. To make them comparable, the ^SP500TR values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ETLR.DE achieves a 18.40% return, which is significantly higher than ^SP500TR's 11.73% return.
ETLR.DE
- 1D
- 0.50%
- 1M
- 3.56%
- YTD
- 18.40%
- 6M
- 18.63%
- 1Y
- 35.59%
- 3Y*
- 17.28%
- 5Y*
- 10.36%
- 10Y*
- —
^SP500TR
- 1D
- -0.07%
- 1M
- 0.24%
- YTD
- 11.73%
- 6M
- 10.66%
- 1Y
- 25.36%
- 3Y*
- 19.30%
- 5Y*
- 14.17%
- 10Y*
- 15.49%
ETLR.DE vs. ^SP500TR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ETLR.DE L&G Japan Equity UCITS ETF | 18.40% | 12.41% | 14.84% | 16.04% | -12.03% | 10.00% | 5.42% | 16.90% |
^SP500TR S&P 500 Total Return | 11.73% | 3.89% | 33.27% | 22.50% | -13.04% | 38.33% | 8.64% | 30.46% |
Correlation
The correlation between ETLR.DE and ^SP500TR is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2019 | 0.41 |
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Return for Risk
ETLR.DE vs. ^SP500TR — Risk / Return Rank
ETLR.DE
^SP500TR
ETLR.DE vs. ^SP500TR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Japan Equity UCITS ETF (ETLR.DE) and S&P 500 Total Return (^SP500TR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ETLR.DE | ^SP500TR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 3.48 | -0.08 |
| Martin ratioReturn relative to average drawdown | 11.06 | 13.02 | -1.96 |
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Drawdowns
ETLR.DE vs. ^SP500TR - Drawdown Comparison
The maximum ETLR.DE drawdown since its inception was -27.65%, smaller than the maximum ^SP500TR drawdown of -49.91%. Use the drawdown chart below to compare losses from any high point for ETLR.DE and ^SP500TR.
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Drawdown Indicators
| ETLR.DE | ^SP500TR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.65% | -49.91% | +22.26% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -7.32% | -3.10% |
Max Drawdown (3Y)Largest decline over 3 years | -16.41% | -23.82% | +7.41% |
Max Drawdown (5Y)Largest decline over 5 years | -18.74% | -23.82% | +5.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.29% | — |
Current DrawdownCurrent decline from peak | -2.49% | -1.06% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -5.42% | -7.83% | +2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 1.95% | +1.26% |
Volatility
ETLR.DE vs. ^SP500TR - Volatility Comparison
L&G Japan Equity UCITS ETF (ETLR.DE) has a higher volatility of 5.44% compared to S&P 500 Total Return (^SP500TR) at 3.97%. This indicates that ETLR.DE's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETLR.DE | ^SP500TR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 3.97% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 15.26% | 9.16% | +6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.75% | 12.59% | +6.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 16.86% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 18.62% | -1.71% |
Frequently Asked Questions
ETLR.DE and ^SP500TR have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ETLR.DE and ^SP500TR
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