ETLZ.DE vs. IUS3.DE
ETLZ.DE (L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc) and IUS3.DE (iShares S&P SmallCap 600 UCITS ETF USD (Dist)) are both Small Cap Blend Equities funds - ETLZ.DE tracks the Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index while IUS3.DE tracks the S&P SmallCap 600 Index. Both are passively managed. Over the past 10 years, ETLZ.DE returned 10.75%/yr vs 9.86%/yr for IUS3.DE. Their correlation of 0.91 suggests significant overlap in exposure. ETLZ.DE charges 0.30%/yr vs 0.40%/yr for IUS3.DE.
Performance
ETLZ.DE vs. IUS3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLZ.DE achieves a 21.33% return, which is significantly lower than IUS3.DE's 22.44% return. Over the past 10 years, ETLZ.DE has outperformed IUS3.DE with an annualized return of 10.75%, while IUS3.DE has yielded a comparatively lower 9.86% annualized return.
ETLZ.DE
- 1D
- -0.66%
- 1M
- 1.72%
- 6M
- 15.70%
- YTD
- 21.33%
- 1Y
- 34.15%
- 3Y*
- 14.90%
- 5Y*
- 9.00%
- 10Y*
- 10.75%
IUS3.DE
- 1D
- 1.07%
- 1M
- 3.17%
- 6M
- 17.44%
- YTD
- 22.44%
- 1Y
- 32.99%
- 3Y*
- 13.58%
- 5Y*
- 7.99%
- 10Y*
- 9.86%
ETLZ.DE vs. IUS3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETLZ.DE L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc | 21.33% | 0.32% | 15.12% | 16.03% | -14.22% | 30.61% | 8.11% | 28.84% | -9.27% | 0.58% |
IUS3.DE iShares S&P SmallCap 600 UCITS ETF USD (Dist) | 22.44% | -4.35% | 12.84% | 13.50% | -12.46% | 38.71% | 0.11% | 25.84% | -6.51% | -0.88% |
Correlation
The correlation between ETLZ.DE and IUS3.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2008 | 0.91 |
The correlation between ETLZ.DE and IUS3.DE has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.
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Return for Risk
ETLZ.DE vs. IUS3.DE — Risk / Return Rank
ETLZ.DE
IUS3.DE
ETLZ.DE vs. IUS3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (ETLZ.DE) and iShares S&P SmallCap 600 UCITS ETF USD (Dist) (IUS3.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.
| ETLZ.DE | IUS3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.36 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.33 | 5.23 | +0.11 |
| Martin ratioReturn relative to average drawdown | 15.94 | 15.45 | +0.49 |
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Drawdowns
ETLZ.DE vs. IUS3.DE - Drawdown Comparison
The maximum ETLZ.DE drawdown since its inception was -58.36%, roughly equal to the maximum IUS3.DE drawdown of -57.43%. Use the drawdown chart below to compare losses from any high point for ETLZ.DE and IUS3.DE.
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Drawdown Indicators
| ETLZ.DE | IUS3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.36% | -57.43% | -0.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -6.28% | -0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -31.34% | -32.89% | +1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -31.34% | -32.89% | +1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | -41.55% | +0.54% |
Current DrawdownCurrent decline from peak | -2.30% | -2.33% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -12.69% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 2.13% | +0.22% |
Volatility
ETLZ.DE vs. IUS3.DE - Volatility Comparison
L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (ETLZ.DE) and iShares S&P SmallCap 600 UCITS ETF USD (Dist) (IUS3.DE) have volatilities of 4.22% and 4.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETLZ.DE | IUS3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 4.43% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 11.22% | 10.96% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.57% | 16.54% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.97% | 20.06% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.00% | 21.39% | -0.39% |
ETLZ.DE vs. IUS3.DE - Expense Ratio Comparison
ETLZ.DE has a 0.30% expense ratio, which is lower than IUS3.DE's 0.40% expense ratio.
Dividends
ETLZ.DE vs. IUS3.DE - Dividend Comparison
ETLZ.DE has not paid dividends to shareholders, while IUS3.DE's dividend yield for the trailing twelve months is around 0.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETLZ.DE L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUS3.DE iShares S&P SmallCap 600 UCITS ETF USD (Dist) | 0.48% | 1.24% | 1.13% | 1.08% | 1.05% | 0.62% | 0.96% | 0.92% | 0.98% | 0.79% | 0.84% | 0.54% |
Frequently Asked Questions
With a correlation of 0.94, ETLZ.DE and IUS3.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, ETLZ.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLZ.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for IUS3.DE.
ETLZ.DE tracks Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index, while IUS3.DE tracks S&P SmallCap 600 Index. They also come from different issuers: L&G and iShares. Their fees differ too: 0.30% for ETLZ.DE and 0.40% for IUS3.DE.
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