ETLR.DE vs. VUAA.DE
ETLR.DE (L&G Japan Equity UCITS ETF) and VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) are both exchange-traded funds - ETLR.DE is a Japan Equities fund tracking the Solactive Core Japan Large & Mid Cap, while VUAA.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, ETLR.DE returned 9.93%/yr vs 14.77%/yr for VUAA.DE. A 0.55 correlation means they provide meaningful diversification when combined. ETLR.DE charges 0.10%/yr vs 0.07%/yr for VUAA.DE.
Performance
ETLR.DE vs. VUAA.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 higher than VUAA.DE's 11.41% 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*
- —
VUAA.DE
- 1D
- -0.12%
- 1M
- 5.23%
- YTD
- 11.41%
- 6M
- 11.44%
- 1Y
- 25.64%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- —
ETLR.DE vs. VUAA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ETLR.DE L&G Japan Equity UCITS ETF | 15.36% | 12.36% | 14.84% | 16.06% | -11.99% | 10.00% | 4.40% |
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 11.41% | 4.68% | 32.33% | 22.52% | -14.29% | 40.76% | 3.17% |
Correlation
The correlation between ETLR.DE and VUAA.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2020 | 0.55 |
The correlation between ETLR.DE and VUAA.DE has been stable across timeframes, ranging from 0.51 to 0.55 - a consistent structural relationship.
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Return for Risk
ETLR.DE vs. VUAA.DE — Risk / Return Rank
ETLR.DE
VUAA.DE
ETLR.DE vs. VUAA.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 Vanguard S&P 500 UCITS USD Acc ETF (VUAA.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 | VUAA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 3.56 | -0.83 |
| Martin ratioReturn relative to average drawdown | 8.92 | 12.74 | -3.82 |
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 | VUAA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 2.20 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.97 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.81 | -0.21 |
Drawdowns
ETLR.DE vs. VUAA.DE - Drawdown Comparison
The maximum ETLR.DE drawdown since its inception was -27.67%, smaller than the maximum VUAA.DE drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for ETLR.DE and VUAA.DE.
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Drawdown Indicators
| ETLR.DE | VUAA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.67% | -33.67% | +6.00% |
Max Drawdown (1Y)Largest decline over 1 year | -10.40% | -7.16% | -3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -16.42% | -23.33% | +6.91% |
Max Drawdown (5Y)Largest decline over 5 years | -18.73% | -23.33% | +4.60% |
Current DrawdownCurrent decline from peak | -0.30% | -0.45% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -5.07% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 2.01% | +1.19% |
Volatility
ETLR.DE vs. VUAA.DE - Volatility Comparison
L&G Japan Equity UCITS ETF (ETLR.DE) has a higher volatility of 3.19% compared to Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) at 2.65%. This indicates that ETLR.DE's price experiences larger fluctuations and is considered to be riskier than VUAA.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 | VUAA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 2.65% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 7.61% | +7.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.30% | 11.58% | +6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 15.12% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 17.59% | -0.75% |
ETLR.DE vs. VUAA.DE - Expense Ratio Comparison
ETLR.DE has a 0.10% expense ratio, which is higher than VUAA.DE's 0.07% expense ratio. However, 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. VUAA.DE - Dividend Comparison
Neither ETLR.DE nor VUAA.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLR.DE and VUAA.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUAA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUAA.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for ETLR.DE.
ETLR.DE is categorized as Japan Equities, while VUAA.DE is S&P 500. ETLR.DE tracks Solactive Core Japan Large & Mid Cap, while VUAA.DE tracks S&P 500 Index. They also come from different issuers: Legal & General and Vanguard. Their fees differ too: 0.10% for ETLR.DE and 0.07% for VUAA.DE.
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