ETLR.DE vs. EDMJ.DE
ETLR.DE (L&G Japan Equity UCITS ETF) and EDMJ.DE (iShares MSCI Japan ESG Enhanced UCITS ETF USD Acc) are both Japan Equities funds - ETLR.DE tracks the Solactive Core Japan Large & Mid Cap while EDMJ.DE tracks the MSCI Japan ESG Enhanced Focus. Both are passively managed. Over the past 5 years, ETLR.DE returned 9.93%/yr vs 9.20%/yr for EDMJ.DE. With a 0.97 correlation, they move nearly in lockstep. ETLR.DE charges 0.10%/yr vs 0.15%/yr for EDMJ.DE.
Performance
ETLR.DE vs. EDMJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLR.DE achieves a 15.36% return, which is significantly lower than EDMJ.DE's 16.26% return.
ETLR.DE
- 1D
- -0.30%
- 1M
- 5.92%
- YTD
- 15.36%
- 6M
- 15.53%
- 1Y
- 28.58%
- 3Y*
- 15.30%
- 5Y*
- 9.93%
- 10Y*
- —
EDMJ.DE
- 1D
- -0.37%
- 1M
- 5.26%
- YTD
- 16.26%
- 6M
- 16.64%
- 1Y
- 31.02%
- 3Y*
- 14.20%
- 5Y*
- 9.20%
- 10Y*
- —
ETLR.DE vs. EDMJ.DE - 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% | 10.11% |
EDMJ.DE iShares MSCI Japan ESG Enhanced UCITS ETF USD Acc | 16.26% | 12.89% | 10.91% | 15.92% | -13.20% | 9.60% | 5.87% | 12.14% |
Correlation
The correlation between ETLR.DE and EDMJ.DE is 0.96 - 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 | 0.96 |
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 Apr 23, 2019 | 0.97 |
The correlation between ETLR.DE and EDMJ.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
ETLR.DE vs. EDMJ.DE — Risk / Return Rank
ETLR.DE
EDMJ.DE
ETLR.DE vs. EDMJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Japan Equity UCITS ETF (ETLR.DE) and iShares MSCI Japan ESG Enhanced UCITS ETF USD Acc (EDMJ.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.
| ETLR.DE | EDMJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 2.92 | -0.18 |
| Martin ratioReturn relative to average drawdown | 8.92 | 9.83 | -0.91 |
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 | EDMJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.61 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.55 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.54 | +0.07 |
Drawdowns
ETLR.DE vs. EDMJ.DE - Drawdown Comparison
The maximum ETLR.DE drawdown since its inception was -27.67%, roughly equal to the maximum EDMJ.DE drawdown of -27.95%. Use the drawdown chart below to compare losses from any high point for ETLR.DE and EDMJ.DE.
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Drawdown Indicators
| ETLR.DE | EDMJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.67% | -27.95% | +0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -10.59% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -16.82% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -18.73% | -19.81% | +1.08% |
Current DrawdownCurrent decline from peak | -0.30% | -0.37% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -6.13% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 3.15% | +0.05% |
Volatility
ETLR.DE vs. EDMJ.DE - Volatility Comparison
The current volatility for L&G Japan Equity UCITS ETF (ETLR.DE) is 3.19%, while iShares MSCI Japan ESG Enhanced UCITS ETF USD Acc (EDMJ.DE) has a volatility of 3.60%. This indicates that ETLR.DE experiences smaller price fluctuations and is considered to be less risky than EDMJ.DE 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 | EDMJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 3.60% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 15.23% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.30% | 19.21% | -0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 16.61% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 17.52% | -0.68% |
ETLR.DE vs. EDMJ.DE - Expense Ratio Comparison
ETLR.DE has a 0.10% expense ratio, which is lower than EDMJ.DE's 0.15% 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
ETLR.DE vs. EDMJ.DE - Dividend Comparison
Neither ETLR.DE nor EDMJ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, ETLR.DE and EDMJ.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.
On fees, ETLR.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLR.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for EDMJ.DE.
ETLR.DE tracks Solactive Core Japan Large & Mid Cap, while EDMJ.DE tracks MSCI Japan ESG Enhanced Focus. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.10% for ETLR.DE and 0.15% for EDMJ.DE.
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