ETLR.DE vs. IUS4.DE
ETLR.DE (L&G Japan Equity UCITS ETF) and IUS4.DE (iShares MSCI Japan Small Cap UCITS ETF (Dist)) are both Japan Equities funds - ETLR.DE tracks the Solactive Core Japan Large & Mid Cap while IUS4.DE tracks the MSCI Japan Small Cap. Both are passively managed. Over the past 5 years, ETLR.DE returned 9.93%/yr vs 8.34%/yr for IUS4.DE. Their correlation of 0.87 suggests significant overlap in exposure. ETLR.DE charges 0.10%/yr vs 0.58%/yr for IUS4.DE.
Performance
ETLR.DE vs. IUS4.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ETLR.DE having a 15.36% return and IUS4.DE slightly lower at 14.74%.
ETLR.DE
- 1D
- -0.30%
- 1M
- 3.65%
- YTD
- 15.36%
- 6M
- 15.65%
- 1Y
- 29.68%
- 3Y*
- 15.30%
- 5Y*
- 9.93%
- 10Y*
- —
IUS4.DE
- 1D
- 0.43%
- 1M
- 4.46%
- YTD
- 14.74%
- 6M
- 15.83%
- 1Y
- 27.46%
- 3Y*
- 14.63%
- 5Y*
- 8.34%
- 10Y*
- 7.46%
ETLR.DE vs. IUS4.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% |
IUS4.DE iShares MSCI Japan Small Cap UCITS ETF (Dist) | 14.74% | 15.96% | 9.46% | 9.42% | -7.69% | 5.35% | -2.06% | 16.64% |
Correlation
The correlation between ETLR.DE and IUS4.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2019 | 0.87 |
The correlation between ETLR.DE and IUS4.DE has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
ETLR.DE vs. IUS4.DE — Risk / Return Rank
ETLR.DE
IUS4.DE
ETLR.DE vs. IUS4.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 Small Cap UCITS ETF (Dist) (IUS4.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 | IUS4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 2.67 | +0.07 |
| Martin ratioReturn relative to average drawdown | 8.92 | 9.26 | -0.34 |
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 | IUS4.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.69 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.55 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.56 | +0.05 |
Drawdowns
ETLR.DE vs. IUS4.DE - Drawdown Comparison
The maximum ETLR.DE drawdown since its inception was -27.67%, smaller than the maximum IUS4.DE drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for ETLR.DE and IUS4.DE.
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Drawdown Indicators
| ETLR.DE | IUS4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.67% | -32.63% | +4.96% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -10.12% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -12.92% | -3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -18.73% | -21.47% | +2.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.63% | — |
Current DrawdownCurrent decline from peak | -0.30% | -0.73% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -6.41% | +0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.92% | +0.28% |
Volatility
ETLR.DE vs. IUS4.DE - Volatility Comparison
The current volatility for L&G Japan Equity UCITS ETF (ETLR.DE) is 3.19%, while iShares MSCI Japan Small Cap UCITS ETF (Dist) (IUS4.DE) has a volatility of 3.47%. This indicates that ETLR.DE experiences smaller price fluctuations and is considered to be less risky than IUS4.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 | IUS4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 3.47% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 13.58% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.30% | 15.94% | +2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 14.91% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 15.94% | +0.90% |
ETLR.DE vs. IUS4.DE - Expense Ratio Comparison
ETLR.DE has a 0.10% expense ratio, which is lower than IUS4.DE's 0.58% expense ratio.
Dividends
ETLR.DE vs. IUS4.DE - Dividend Comparison
ETLR.DE has not paid dividends to shareholders, while IUS4.DE's dividend yield for the trailing twelve months is around 0.87%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETLR.DE L&G Japan Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUS4.DE iShares MSCI Japan Small Cap UCITS ETF (Dist) | 0.87% | 1.88% | 1.70% | 1.77% | 2.10% | 1.47% | 1.60% | 1.45% | 1.41% | 1.31% | 1.15% | 0.70% |
Frequently Asked Questions
ETLR.DE and IUS4.DE have a correlation of 0.81, 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 0.58% for IUS4.DE.
ETLR.DE tracks Solactive Core Japan Large & Mid Cap, while IUS4.DE tracks MSCI Japan Small Cap. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.10% for ETLR.DE and 0.58% for IUS4.DE.
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