ETLR.DE vs. IS3N.DE
ETLR.DE (L&G Japan Equity UCITS ETF) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - ETLR.DE is a Japan Equities fund tracking the Solactive Core Japan Large & Mid Cap, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 5 years, ETLR.DE returned 9.93%/yr vs 8.61%/yr for IS3N.DE. A 0.54 correlation means they provide meaningful diversification when combined. ETLR.DE charges 0.10%/yr vs 0.18%/yr for IS3N.DE.
Performance
ETLR.DE vs. IS3N.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 IS3N.DE's 25.82% 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*
- —
IS3N.DE
- 1D
- -1.45%
- 1M
- 3.11%
- YTD
- 25.82%
- 6M
- 26.34%
- 1Y
- 45.77%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
ETLR.DE vs. IS3N.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% | 16.57% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | 13.87% | 7.20% | -14.09% | 7.38% | 7.07% | 15.93% |
Correlation
The correlation between ETLR.DE and IS3N.DE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2019 | 0.54 |
The correlation between ETLR.DE and IS3N.DE has been stable across timeframes, ranging from 0.49 to 0.54 - a consistent structural relationship.
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Return for Risk
ETLR.DE vs. IS3N.DE — Risk / Return Rank
ETLR.DE
IS3N.DE
ETLR.DE vs. IS3N.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 Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.49 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 4.42 | -1.69 |
| Martin ratioReturn relative to average drawdown | 8.92 | 16.00 | -7.08 |
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 | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 2.69 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.53 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.44 | +0.17 |
Drawdowns
ETLR.DE vs. IS3N.DE - Drawdown Comparison
The maximum ETLR.DE drawdown since its inception was -27.67%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for ETLR.DE and IS3N.DE.
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Drawdown Indicators
| ETLR.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.67% | -35.06% | +7.39% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -10.52% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -19.17% | +2.75% |
Max Drawdown (5Y)Largest decline over 5 years | -18.73% | -22.01% | +3.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -0.30% | -2.49% | +2.19% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -9.30% | +3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.91% | +0.29% |
Volatility
ETLR.DE vs. IS3N.DE - Volatility Comparison
The current volatility for L&G Japan Equity UCITS ETF (ETLR.DE) is 3.19%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.16%. This indicates that ETLR.DE experiences smaller price fluctuations and is considered to be less risky than IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 7.16% | -3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 14.69% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.30% | 17.32% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 16.19% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 18.04% | -1.20% |
ETLR.DE vs. IS3N.DE - Expense Ratio Comparison
ETLR.DE has a 0.10% expense ratio, which is lower than IS3N.DE's 0.18% 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. IS3N.DE - Dividend Comparison
Neither ETLR.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLR.DE and IS3N.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.18% for IS3N.DE.
ETLR.DE is categorized as Japan Equities, while IS3N.DE is Emerging Markets Equities. ETLR.DE tracks Solactive Core Japan Large & Mid Cap, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.10% for ETLR.DE and 0.18% for IS3N.DE.
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