ETLZ.DE vs. XRS2.DE
ETLZ.DE (L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc) and XRS2.DE (Xtrackers Russell 2000 UCITS ETF 1C) are both Small Cap Blend Equities funds - ETLZ.DE tracks the Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index while XRS2.DE tracks the Russell 2000®. Both are passively managed. Over the past 10 years, ETLZ.DE returned 10.75%/yr vs 10.04%/yr for XRS2.DE. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.30% expense ratio.
Performance
ETLZ.DE vs. XRS2.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 21.33% return and XRS2.DE slightly higher at 21.81%. Over the past 10 years, ETLZ.DE has outperformed XRS2.DE with an annualized return of 10.75%, while XRS2.DE has yielded a comparatively lower 10.04% 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%
XRS2.DE
- 1D
- 0.70%
- 1M
- 1.69%
- 6M
- 15.19%
- YTD
- 21.81%
- 1Y
- 36.64%
- 3Y*
- 15.94%
- 5Y*
- 7.97%
- 10Y*
- 10.04%
ETLZ.DE vs. XRS2.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% |
XRS2.DE Xtrackers Russell 2000 UCITS ETF 1C | 21.81% | 1.29% | 15.81% | 14.81% | -16.50% | 24.61% | 8.18% | 28.79% | -9.05% | 0.53% |
Correlation
The correlation between ETLZ.DE and XRS2.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2015 | 0.97 |
The correlation between ETLZ.DE and XRS2.DE shifts across timeframes, from 0.78 (1 year) to 0.97 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
ETLZ.DE vs. XRS2.DE — Risk / Return Rank
ETLZ.DE
XRS2.DE
ETLZ.DE vs. XRS2.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 Xtrackers Russell 2000 UCITS ETF 1C (XRS2.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 | XRS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.33 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.33 | 3.95 | +1.38 |
| Martin ratioReturn relative to average drawdown | 15.94 | 13.26 | +2.68 |
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Drawdowns
ETLZ.DE vs. XRS2.DE - Drawdown Comparison
The maximum ETLZ.DE drawdown since its inception was -58.36%, which is greater than XRS2.DE's maximum drawdown of -41.13%. Use the drawdown chart below to compare losses from any high point for ETLZ.DE and XRS2.DE.
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Drawdown Indicators
| ETLZ.DE | XRS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.36% | -41.13% | -17.23% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -9.23% | +2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -31.34% | -32.77% | +1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -31.34% | -32.77% | +1.43% |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | -41.13% | +0.12% |
Current DrawdownCurrent decline from peak | -2.30% | -2.57% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -10.84% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 2.76% | -0.41% |
Volatility
ETLZ.DE vs. XRS2.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 Xtrackers Russell 2000 UCITS ETF 1C (XRS2.DE) has a volatility of 4.52%. This indicates that ETLZ.DE experiences smaller price fluctuations and is considered to be less risky than XRS2.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 | XRS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 4.52% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.22% | 13.69% | -2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.57% | 19.43% | -2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.97% | 21.25% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.00% | 22.35% | -1.35% |
ETLZ.DE vs. XRS2.DE - Expense Ratio Comparison
Both ETLZ.DE and XRS2.DE have an expense ratio of 0.30%.
Dividends
ETLZ.DE vs. XRS2.DE - Dividend Comparison
Neither ETLZ.DE nor XRS2.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLZ.DE and XRS2.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ETLZ.DE and XRS2.DE have the same expense ratio: 0.30% per year.
ETLZ.DE tracks Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index, while XRS2.DE tracks Russell 2000®. They also come from different issuers: L&G and Xtrackers.
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