ETLZ.DE vs. MWON.DE
ETLZ.DE (L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc) and MWON.DE (Amundi S&P SmallCap 600 ESG UCITS ETF Dist) are both Small Cap Blend Equities funds - ETLZ.DE tracks the Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index while MWON.DE tracks the S&P SmallCap 600 ESG+. Both are passively managed. Over the past 3 years, ETLZ.DE returned 14.56%/yr vs 12.18%/yr for MWON.DE. Their correlation of 0.93 suggests significant overlap in exposure. ETLZ.DE charges 0.30%/yr vs 0.35%/yr for MWON.DE.
Performance
ETLZ.DE vs. MWON.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ETLZ.DE having a 21.58% return and MWON.DE slightly higher at 22.25%.
ETLZ.DE
- 1D
- -1.18%
- 1M
- 2.00%
- 6M
- 13.39%
- YTD
- 21.58%
- 1Y
- 33.22%
- 3Y*
- 14.56%
- 5Y*
- 9.05%
- 10Y*
- 10.70%
MWON.DE
- 1D
- 0.00%
- 1M
- 4.82%
- 6M
- 15.58%
- YTD
- 22.25%
- 1Y
- 29.25%
- 3Y*
- 12.18%
- 5Y*
- —
- 10Y*
- —
ETLZ.DE vs. MWON.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ETLZ.DE L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc | 21.58% | 0.32% | 15.12% | 12.76% |
MWON.DE Amundi S&P SmallCap 600 ESG UCITS ETF Dist | 22.25% | -7.40% | 13.62% | 11.98% |
Correlation
The correlation between ETLZ.DE and MWON.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023 | 0.93 |
The correlation between ETLZ.DE and MWON.DE has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
ETLZ.DE vs. MWON.DE — Risk / Return Rank
ETLZ.DE
MWON.DE
ETLZ.DE vs. MWON.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 Amundi S&P SmallCap 600 ESG UCITS ETF Dist (MWON.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 | MWON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.30 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.69 | 1.56 | +3.14 |
| Martin ratioReturn relative to average drawdown | 14.08 | 3.21 | +10.87 |
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Drawdowns
ETLZ.DE vs. MWON.DE - Drawdown Comparison
The maximum ETLZ.DE drawdown since its inception was -58.36%, which is greater than MWON.DE's maximum drawdown of -32.39%. Use the drawdown chart below to compare losses from any high point for ETLZ.DE and MWON.DE.
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Drawdown Indicators
| ETLZ.DE | MWON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.36% | -32.39% | -25.97% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -18.78% | +11.74% |
Max Drawdown (3Y)Largest decline over 3 years | -31.34% | -32.39% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -31.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | — | — |
Current DrawdownCurrent decline from peak | -2.09% | -0.52% | -1.57% |
Average DrawdownAverage peak-to-trough decline | -10.70% | -9.66% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 9.12% | -6.77% |
Volatility
ETLZ.DE vs. MWON.DE - Volatility Comparison
The current volatility for L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (ETLZ.DE) is 4.38%, while Amundi S&P SmallCap 600 ESG UCITS ETF Dist (MWON.DE) has a volatility of 4.62%. This indicates that ETLZ.DE experiences smaller price fluctuations and is considered to be less risky than MWON.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETLZ.DE | MWON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 4.62% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 11.12% | 12.25% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.39% | 27.94% | -11.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.97% | 22.92% | -2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.00% | 22.92% | -1.92% |
ETLZ.DE vs. MWON.DE - Expense Ratio Comparison
ETLZ.DE has a 0.30% expense ratio, which is lower than MWON.DE's 0.35% expense ratio.
Dividends
ETLZ.DE vs. MWON.DE - Dividend Comparison
ETLZ.DE has not paid dividends to shareholders, while MWON.DE's dividend yield for the trailing twelve months is around 0.86%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ETLZ.DE L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% |
MWON.DE Amundi S&P SmallCap 600 ESG UCITS ETF Dist | 0.86% | 1.15% | 0.86% |
Frequently Asked Questions
ETLZ.DE and MWON.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.35% for MWON.DE.
ETLZ.DE tracks Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index, while MWON.DE tracks S&P SmallCap 600 ESG+. They also come from different issuers: L&G and Amundi. Their fees differ too: 0.30% for ETLZ.DE and 0.35% for MWON.DE.
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