ETLS.DE vs. IBCY.DE
ETLS.DE (L&G US Equity UCITS ETF) and IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) are both Large Cap Blend Equities funds - ETLS.DE tracks the Solactive Core United States Large & Mid Cap while IBCY.DE tracks the MSCI USA Diversified Multiple-Factor. Both are passively managed. Over the past 5 years, ETLS.DE returned 14.64%/yr vs 10.27%/yr for IBCY.DE. Their correlation of 0.89 suggests significant overlap in exposure. ETLS.DE charges 0.05%/yr vs 0.35%/yr for IBCY.DE.
Performance
ETLS.DE vs. IBCY.DE - Performance Comparison
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Returns By Period
ETLS.DE
- 1D
- -0.11%
- 1M
- 5.49%
- YTD
- 11.28%
- 6M
- 11.23%
- 1Y
- 25.64%
- 3Y*
- 19.26%
- 5Y*
- 14.64%
- 10Y*
- —
IBCY.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 13.35%
- 3Y*
- 13.97%
- 5Y*
- 10.27%
- 10Y*
- 11.22%
ETLS.DE vs. IBCY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ETLS.DE L&G US Equity UCITS ETF | 11.28% | 5.06% | 32.53% | 24.21% | -16.00% | 38.89% | 10.12% | 27.92% |
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 6.35% | 29.21% | 13.73% | -11.70% | 36.60% | 0.17% | 22.56% |
Correlation
The correlation between ETLS.DE and IBCY.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2019 | 0.89 |
Over the past year, the correlation between ETLS.DE and IBCY.DE has dropped to 0.55 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
ETLS.DE vs. IBCY.DE — Risk / Return Rank
ETLS.DE
IBCY.DE
ETLS.DE vs. IBCY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G US Equity UCITS ETF (ETLS.DE) and iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.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.
| ETLS.DE | IBCY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.56 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 4.08 | -0.71 |
| Martin ratioReturn relative to average drawdown | 12.00 | 19.99 | -7.99 |
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
| ETLS.DE | IBCY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 1.70 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.69 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.63 | +0.35 |
Drawdowns
ETLS.DE vs. IBCY.DE - Drawdown Comparison
The maximum ETLS.DE drawdown since its inception was -33.98%, roughly equal to the maximum IBCY.DE drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for ETLS.DE and IBCY.DE.
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Drawdown Indicators
| ETLS.DE | IBCY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.98% | -35.54% | +1.56% |
Max Drawdown (1Y)Largest decline over 1 year | -7.57% | -3.26% | -4.31% |
Max Drawdown (3Y)Largest decline over 3 years | -23.68% | -22.91% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -23.68% | -22.91% | -0.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.54% | — |
Current DrawdownCurrent decline from peak | -0.45% | 0.00% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -4.95% | +0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 0.67% | +1.46% |
Volatility
ETLS.DE vs. IBCY.DE - Volatility Comparison
L&G US Equity UCITS ETF (ETLS.DE) has a higher volatility of 2.76% compared to iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) at 0.00%. This indicates that ETLS.DE's price experiences larger fluctuations and is considered to be riskier than IBCY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETLS.DE | IBCY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 0.00% | +2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 7.67% | 0.00% | +7.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.54% | 7.99% | +3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.45% | 14.77% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 16.12% | +1.05% |
ETLS.DE vs. IBCY.DE - Expense Ratio Comparison
ETLS.DE has a 0.05% expense ratio, which is lower than IBCY.DE's 0.35% expense ratio.
Dividends
ETLS.DE vs. IBCY.DE - Dividend Comparison
Neither ETLS.DE nor IBCY.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLS.DE and IBCY.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLS.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLS.DE is cheaper with a 0.05% expense ratio, compared with 0.35% for IBCY.DE.
ETLS.DE tracks Solactive Core United States Large & Mid Cap, while IBCY.DE tracks MSCI USA Diversified Multiple-Factor. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.05% for ETLS.DE and 0.35% for IBCY.DE.
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