ETLS.DE vs. LGGE.DE

Last updated Jun 5, 2026

ETLS.DE (L&G US Equity UCITS ETF) and LGGE.DE (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) are both exchange-traded funds - ETLS.DE is a Large Cap Blend Equities fund tracking the Solactive Core United States Large & Mid Cap, while LGGE.DE is a Europe Equities fund tracking the FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality. Both are passively managed. Over the past 3 years, ETLS.DE returned 19.26%/yr vs 24.04%/yr for LGGE.DE. A 0.53 correlation means they provide meaningful diversification when combined. ETLS.DE charges 0.05%/yr vs 0.25%/yr for LGGE.DE.

Performance

ETLS.DE vs. LGGE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G US Equity UCITS ETF (ETLS.DE) and L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ETLS.DE having a 11.28% return and LGGE.DE slightly lower at 11.27%.

ETLS.DE

• 1D: -0.11%
• 1M: 5.49%
• YTD: 11.28%
• 6M: 11.23%
• 1Y: 25.64%
• 3Y*: 19.26%
• 5Y*: 14.64%
• 10Y*: —

LGGE.DE

• 1D: 0.15%
• 1M: 1.27%
• YTD: 11.27%
• 6M: 15.17%
• 1Y: 26.35%
• 3Y*: 24.04%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETLS.DE vs. LGGE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ETLS.DE L&G US Equity UCITS ETF	11.28%	5.06%	32.53%	24.21%	-16.00%	14.25%
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF	11.27%	38.29%	14.07%	17.18%	-3.86%	7.23%

Correlation

The correlation between ETLS.DE and LGGE.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021	0.53

The correlation between ETLS.DE and LGGE.DE shifts across timeframes, from 0.41 (3 years) to 0.53 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ETLS.DE vs. LGGE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETLS.DE

ETLS.DE Risk / Return Rank: 68
ETLS.DE Sharpe Ratio Rank: 68
ETLS.DE Sortino Ratio Rank: 65
ETLS.DE Omega Ratio Rank: 70
ETLS.DE Calmar Ratio Rank: 69
ETLS.DE Martin Ratio Rank: 66

LGGE.DE

LGGE.DE Risk / Return Rank: 69
LGGE.DE Sharpe Ratio Rank: 67
LGGE.DE Sortino Ratio Rank: 65
LGGE.DE Omega Ratio Rank: 67
LGGE.DE Calmar Ratio Rank: 73
LGGE.DE Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETLS.DE vs. LGGE.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 L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.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	LGGE.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.19	+0.02
Sortino ratio: Return per unit of downside risk	2.98	2.95	+0.04
Omega ratio: Gain probability vs. loss probability	1.41	1.40	+0.01
Calmar ratio: Return relative to maximum drawdown	3.37	3.61	-0.23
Martin ratio: Return relative to average drawdown	12.00	13.07	-1.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETLS.DE vs. LGGE.DE - Sharpe Ratio Comparison

The current ETLS.DE Sharpe Ratio is 2.21, which is comparable to the LGGE.DE Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of ETLS.DE and LGGE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ETLS.DE	LGGE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	2.19	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	1.13	-0.15

Drawdowns

ETLS.DE vs. LGGE.DE - Drawdown Comparison

The maximum ETLS.DE drawdown since its inception was -33.98%, which is greater than LGGE.DE's maximum drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for ETLS.DE and LGGE.DE.

Drawdown Indicators

	ETLS.DE	LGGE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.98%	-20.11%	-13.87%
Max Drawdown (1Y) Largest decline over 1 year	-7.57%	-7.28%	-0.29%
Max Drawdown (3Y) Largest decline over 3 years	-23.68%	-14.71%	-8.97%
Max Drawdown (5Y) Largest decline over 5 years	-23.68%	—	—
Current Drawdown Current decline from peak	-0.45%	-2.09%	+1.64%
Average Drawdown Average peak-to-trough decline	-4.63%	-3.23%	-1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	2.01%	+0.12%

Volatility

ETLS.DE vs. LGGE.DE - Volatility Comparison

The current volatility for L&G US Equity UCITS ETF (ETLS.DE) is 2.76%, while L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) has a volatility of 3.60%. This indicates that ETLS.DE experiences smaller price fluctuations and is considered to be less risky than LGGE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETLS.DE	LGGE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.76%	3.60%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	7.67%	9.47%	-1.80%
Volatility (1Y) Calculated over the trailing 1-year period	11.54%	11.99%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	14.60%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.17%	14.60%	+2.57%

ETLS.DE vs. LGGE.DE - Expense Ratio Comparison

ETLS.DE has a 0.05% expense ratio, which is lower than LGGE.DE's 0.25% 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

ETLS.DE vs. LGGE.DE - Dividend Comparison

ETLS.DE has not paid dividends to shareholders, while LGGE.DE's dividend yield for the trailing twelve months is around 3.13%.

Position	TTM	2025	2024	2023	2022	2021
ETLS.DE L&G US Equity UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF	3.13%	3.47%	4.37%	4.43%	4.18%	1.52%

Frequently Asked Questions

Can I hold both ETLS.DE and LGGE.DE in my portfolio?

ETLS.DE and LGGE.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETLS.DE or LGGE.DE?

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.

Which ETF is cheaper, ETLS.DE or LGGE.DE?

ETLS.DE is cheaper with a 0.05% expense ratio, compared with 0.25% for LGGE.DE.

What is the main difference between ETLS.DE and LGGE.DE?

ETLS.DE is categorized as Large Cap Blend Equities, while LGGE.DE is Europe Equities. ETLS.DE tracks Solactive Core United States Large & Mid Cap, while LGGE.DE tracks FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality. Their fees differ too: 0.05% for ETLS.DE and 0.25% for LGGE.DE.