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 9.93%/yr vs 15.08%/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 15.36% return, which is significantly higher than ^SP500TR's 12.63% return.
ETLR.DE
- 1D
- -0.30%
- 1M
- 3.65%
- YTD
- 15.36%
- 6M
- 15.65%
- 1Y
- 29.68%
- 3Y*
- 15.30%
- 5Y*
- 9.93%
- 10Y*
- —
^SP500TR
- 1D
- 0.28%
- 1M
- 5.31%
- YTD
- 12.63%
- 6M
- 11.57%
- 1Y
- 26.42%
- 3Y*
- 19.46%
- 5Y*
- 15.08%
- 10Y*
- 15.33%
ETLR.DE vs. ^SP500TR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ETLR.DE L&G Japan Equity UCITS ETF | 15.36% | 12.36% | 14.84% | 16.06% | -11.99% | 10.00% | 5.41% | 16.57% |
^SP500TR S&P 500 Total Return | 12.64% | 3.89% | 33.27% | 22.50% | -13.04% | 38.33% | 8.64% | 28.43% |
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 | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 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.
| ETLR.DE | ^SP500TR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.40 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 3.63 | -0.89 |
| Martin ratioReturn relative to average drawdown | 8.92 | 13.71 | -4.79 |
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
| ETLR.DE | ^SP500TR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 2.16 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.90 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.62 | -0.01 |
Drawdowns
ETLR.DE vs. ^SP500TR - Drawdown Comparison
The maximum ETLR.DE drawdown since its inception was -27.67%, 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 | -27.67% | -49.91% | +22.24% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -7.32% | -3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -23.82% | +7.40% |
Max Drawdown (5Y)Largest decline over 5 years | -18.73% | -23.82% | +5.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.29% | — |
Current DrawdownCurrent decline from peak | -0.30% | -0.18% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -7.83% | +2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 1.93% | +1.27% |
Volatility
ETLR.DE vs. ^SP500TR - Volatility Comparison
L&G Japan Equity UCITS ETF (ETLR.DE) has a higher volatility of 3.19% compared to S&P 500 Total Return (^SP500TR) at 2.23%. 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 | 3.19% | 2.23% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 8.61% | +6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.30% | 12.28% | +6.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 16.79% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 18.59% | -1.75% |
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.
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