ETLZ.DE vs. SXRG.DE
ETLZ.DE (L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc) and SXRG.DE (iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc)) are both Small Cap Blend Equities funds - ETLZ.DE tracks the Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index while SXRG.DE tracks the MSCI USA Small Cap ESG Enhanced Focus CTB. Both are passively managed. Over the past 10 years, ETLZ.DE returned 10.75%/yr vs 10.46%/yr for SXRG.DE. Their correlation of 0.93 suggests significant overlap in exposure. ETLZ.DE charges 0.30%/yr vs 0.43%/yr for SXRG.DE.
Performance
ETLZ.DE vs. SXRG.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 higher than SXRG.DE's 19.41% return. Both investments have delivered pretty close results over the past 10 years, with ETLZ.DE having a 10.75% annualized return and SXRG.DE not far behind at 10.46%.
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%
SXRG.DE
- 1D
- 0.05%
- 1M
- 0.15%
- 6M
- 13.93%
- YTD
- 19.41%
- 1Y
- 31.63%
- 3Y*
- 13.81%
- 5Y*
- 8.23%
- 10Y*
- 10.46%
ETLZ.DE vs. SXRG.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% |
SXRG.DE iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) | 19.41% | -1.21% | 15.85% | 13.82% | -12.53% | 29.74% | 6.96% | 30.76% | -7.93% | 2.34% |
Correlation
The correlation between ETLZ.DE and SXRG.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2009 | 0.93 |
The correlation between ETLZ.DE and SXRG.DE has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.
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Return for Risk
ETLZ.DE vs. SXRG.DE — Risk / Return Rank
ETLZ.DE
SXRG.DE
ETLZ.DE vs. SXRG.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 MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) (SXRG.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 | SXRG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.33 | 5.11 | +0.23 |
| Martin ratioReturn relative to average drawdown | 15.94 | 15.39 | +0.56 |
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Drawdowns
ETLZ.DE vs. SXRG.DE - Drawdown Comparison
The maximum ETLZ.DE drawdown since its inception was -58.36%, which is greater than SXRG.DE's maximum drawdown of -41.79%. Use the drawdown chart below to compare losses from any high point for ETLZ.DE and SXRG.DE.
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Drawdown Indicators
| ETLZ.DE | SXRG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.36% | -41.79% | -16.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -6.17% | -0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -31.34% | -31.54% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -31.34% | -31.54% | +0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | -41.79% | +0.78% |
Current DrawdownCurrent decline from peak | -2.30% | -3.51% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -7.71% | -3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 2.05% | +0.30% |
Volatility
ETLZ.DE vs. SXRG.DE - Volatility Comparison
The current volatility for L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (ETLZ.DE) is 4.22%, while iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) (SXRG.DE) has a volatility of 4.55%. This indicates that ETLZ.DE experiences smaller price fluctuations and is considered to be less risky than SXRG.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 | SXRG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 4.55% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 11.22% | 10.66% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.57% | 16.03% | +0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.97% | 19.79% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.00% | 20.33% | +0.67% |
ETLZ.DE vs. SXRG.DE - Expense Ratio Comparison
ETLZ.DE has a 0.30% expense ratio, which is lower than SXRG.DE's 0.43% expense ratio.
Dividends
ETLZ.DE vs. SXRG.DE - Dividend Comparison
Neither ETLZ.DE nor SXRG.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, ETLZ.DE and SXRG.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 0.43% for SXRG.DE.
ETLZ.DE tracks Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index, while SXRG.DE tracks MSCI USA Small Cap ESG Enhanced Focus CTB. They also come from different issuers: L&G and iShares. Their fees differ too: 0.30% for ETLZ.DE and 0.43% for SXRG.DE.
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