ETLR.DE vs. SXRZ.DE
ETLR.DE (L&G Japan Equity UCITS ETF) and SXRZ.DE (iShares Nikkei 225 UCITS ETF (Acc)) are both Japan Equities funds - ETLR.DE tracks the Solactive Core Japan Large & Mid Cap while SXRZ.DE tracks the Nikkei 225®. Both are passively managed. Over the past 5 years, ETLR.DE returned 9.93%/yr vs 11.98%/yr for SXRZ.DE. Their correlation of 0.90 suggests significant overlap in exposure. ETLR.DE charges 0.10%/yr vs 0.48%/yr for SXRZ.DE.
Performance
ETLR.DE vs. SXRZ.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 SXRZ.DE's 32.06% 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*
- —
SXRZ.DE
- 1D
- -1.49%
- 1M
- 7.63%
- YTD
- 32.06%
- 6M
- 30.08%
- 1Y
- 60.04%
- 3Y*
- 20.34%
- 5Y*
- 11.98%
- 10Y*
- 11.60%
ETLR.DE vs. SXRZ.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% |
SXRZ.DE iShares Nikkei 225 UCITS ETF (Acc) | 32.06% | 15.71% | 13.83% | 17.70% | -15.73% | 3.03% | 13.44% | 18.88% |
Correlation
The correlation between ETLR.DE and SXRZ.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2019 | 0.90 |
The correlation between ETLR.DE and SXRZ.DE has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
ETLR.DE vs. SXRZ.DE — Risk / Return Rank
ETLR.DE
SXRZ.DE
ETLR.DE vs. SXRZ.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 Nikkei 225 UCITS ETF (Acc) (SXRZ.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 | SXRZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.42 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 4.57 | -1.83 |
| Martin ratioReturn relative to average drawdown | 8.92 | 13.83 | -4.90 |
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 | SXRZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 2.53 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.64 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.58 | +0.03 |
Drawdowns
ETLR.DE vs. SXRZ.DE - Drawdown Comparison
The maximum ETLR.DE drawdown since its inception was -27.67%, smaller than the maximum SXRZ.DE drawdown of -29.90%. Use the drawdown chart below to compare losses from any high point for ETLR.DE and SXRZ.DE.
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Drawdown Indicators
| ETLR.DE | SXRZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.67% | -29.90% | +2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -12.92% | +2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -20.19% | +3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -18.73% | -21.46% | +2.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.90% | — |
Current DrawdownCurrent decline from peak | -0.30% | -1.49% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -7.26% | +1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 4.28% | -1.08% |
Volatility
ETLR.DE vs. SXRZ.DE - Volatility Comparison
The current volatility for L&G Japan Equity UCITS ETF (ETLR.DE) is 3.19%, while iShares Nikkei 225 UCITS ETF (Acc) (SXRZ.DE) has a volatility of 6.62%. This indicates that ETLR.DE experiences smaller price fluctuations and is considered to be less risky than SXRZ.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 | SXRZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 6.62% | -3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 18.37% | -3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.30% | 23.34% | -5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 18.49% | -2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 17.77% | -0.93% |
ETLR.DE vs. SXRZ.DE - Expense Ratio Comparison
ETLR.DE has a 0.10% expense ratio, which is lower than SXRZ.DE's 0.48% expense ratio.
Dividends
ETLR.DE vs. SXRZ.DE - Dividend Comparison
Neither ETLR.DE nor SXRZ.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLR.DE and SXRZ.DE have a correlation of 0.84, 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 0.48% for SXRZ.DE.
ETLR.DE tracks Solactive Core Japan Large & Mid Cap, while SXRZ.DE tracks Nikkei 225®. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.10% for ETLR.DE and 0.48% for SXRZ.DE.
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