ETLS.DE vs. SLUS.DE
ETLS.DE (L&G US Equity UCITS ETF) and SLUS.DE (iShares MSCI USA ESG Screened UCITS ETF USD (Dist)) are both Large Cap Blend Equities funds - ETLS.DE tracks the Solactive Core United States Large & Mid Cap while SLUS.DE tracks the MSCI USA ESG Screened. Both are passively managed. Over the past 5 years, ETLS.DE returned 13.60%/yr vs 13.96%/yr for SLUS.DE. With a 0.97 correlation, they move nearly in lockstep. ETLS.DE charges 0.05%/yr vs 0.07%/yr for SLUS.DE.
Performance
ETLS.DE vs. SLUS.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ETLS.DE having a 10.52% return and SLUS.DE slightly lower at 10.21%.
ETLS.DE
- 1D
- -0.98%
- 1M
- 0.27%
- YTD
- 10.52%
- 6M
- 10.85%
- 1Y
- 24.33%
- 3Y*
- 19.21%
- 5Y*
- 13.60%
- 10Y*
- —
SLUS.DE
- 1D
- -1.12%
- 1M
- 0.15%
- YTD
- 10.21%
- 6M
- 10.51%
- 1Y
- 24.86%
- 3Y*
- 19.81%
- 5Y*
- 13.96%
- 10Y*
- —
ETLS.DE vs. SLUS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ETLS.DE L&G US Equity UCITS ETF | 10.52% | 5.06% | 32.53% | 24.18% | -15.96% | 38.87% | 10.14% | 28.47% |
SLUS.DE iShares MSCI USA ESG Screened UCITS ETF USD (Dist) | 10.21% | 5.16% | 33.97% | 26.29% | -17.06% | 39.69% | 10.54% | 29.53% |
Correlation
The correlation between ETLS.DE and SLUS.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2019 | 0.97 |
The correlation between ETLS.DE and SLUS.DE has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
ETLS.DE vs. SLUS.DE — Risk / Return Rank
ETLS.DE
SLUS.DE
ETLS.DE vs. SLUS.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 MSCI USA ESG Screened UCITS ETF USD (Dist) (SLUS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ETLS.DE | SLUS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.34 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 2.93 | +0.28 |
| Martin ratioReturn relative to average drawdown | 11.26 | 10.09 | +1.17 |
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Drawdowns
ETLS.DE vs. SLUS.DE - Drawdown Comparison
The maximum ETLS.DE drawdown since its inception was -33.99%, roughly equal to the maximum SLUS.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for ETLS.DE and SLUS.DE.
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Drawdown Indicators
| ETLS.DE | SLUS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -33.74% | -0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -7.57% | -8.46% | +0.89% |
Max Drawdown (3Y)Largest decline over 3 years | -23.66% | -24.47% | +0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -23.66% | -24.47% | +0.81% |
Current DrawdownCurrent decline from peak | -1.13% | -1.28% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -5.50% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.46% | -0.30% |
Volatility
ETLS.DE vs. SLUS.DE - Volatility Comparison
The current volatility for L&G US Equity UCITS ETF (ETLS.DE) is 3.44%, while iShares MSCI USA ESG Screened UCITS ETF USD (Dist) (SLUS.DE) has a volatility of 3.78%. This indicates that ETLS.DE experiences smaller price fluctuations and is considered to be less risky than SLUS.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 | SLUS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 3.78% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | 8.89% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 12.96% | -1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.50% | 16.06% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.23% | 18.23% | -1.00% |
ETLS.DE vs. SLUS.DE - Expense Ratio Comparison
ETLS.DE has a 0.05% expense ratio, which is lower than SLUS.DE's 0.07% 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. SLUS.DE - Dividend Comparison
ETLS.DE has not paid dividends to shareholders, while SLUS.DE's dividend yield for the trailing twelve months is around 0.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ETLS.DE L&G US Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SLUS.DE iShares MSCI USA ESG Screened UCITS ETF USD (Dist) | 0.76% | 0.81% | 0.89% | 1.07% | 1.34% | 0.92% | 1.24% | 1.39% | 0.23% |
Frequently Asked Questions
With a correlation of 0.98, ETLS.DE and SLUS.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.07% for SLUS.DE.
ETLS.DE tracks Solactive Core United States Large & Mid Cap, while SLUS.DE tracks MSCI USA ESG Screened. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.05% for ETLS.DE and 0.07% for SLUS.DE.
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