FLPE.DE vs. ETLQ.DE
FLPE.DE (FlexShares Listed Private Equity UCITS ETF USD Accumulating) and ETLQ.DE (L&G Global Equity UCITS ETF) are both Global Equities funds - FLPE.DE tracks the Foxberry Listed Private Equity SDG Screened Index while ETLQ.DE tracks the Solactive Core Developed Markets Large & Mid Cap. Both are passively managed. Over the past 3 years, FLPE.DE returned 11.39%/yr vs 17.73%/yr for ETLQ.DE. A 0.77 correlation means they provide meaningful diversification when combined. FLPE.DE charges 0.40%/yr vs 0.10%/yr for ETLQ.DE.
Performance
FLPE.DE vs. ETLQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FLPE.DE achieves a -15.73% return, which is significantly lower than ETLQ.DE's 10.88% return.
FLPE.DE
- 1D
- 3.44%
- 1M
- -1.04%
- YTD
- -15.73%
- 6M
- -13.02%
- 1Y
- -12.25%
- 3Y*
- 11.39%
- 5Y*
- —
- 10Y*
- —
ETLQ.DE
- 1D
- 0.00%
- 1M
- 4.96%
- YTD
- 10.88%
- 6M
- 11.36%
- 1Y
- 23.93%
- 3Y*
- 17.73%
- 5Y*
- 13.10%
- 10Y*
- —
FLPE.DE vs. ETLQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLPE.DE FlexShares Listed Private Equity UCITS ETF USD Accumulating | -15.73% | -5.26% | 36.56% | 38.12% | -9.04% |
ETLQ.DE L&G Global Equity UCITS ETF | 10.88% | 8.14% | 26.10% | 20.83% | -5.64% |
Correlation
The correlation between FLPE.DE and ETLQ.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2022 | 0.77 |
The correlation between FLPE.DE and ETLQ.DE has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.
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Return for Risk
FLPE.DE vs. ETLQ.DE — Risk / Return Rank
FLPE.DE
ETLQ.DE
FLPE.DE vs. ETLQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Listed Private Equity UCITS ETF USD Accumulating (FLPE.DE) and L&G Global Equity UCITS ETF (ETLQ.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.
| FLPE.DE | ETLQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.69 | ||
| Sortino ratioReturn per unit of downside risk | -3.63 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.39 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 3.56 | -4.00 |
| Martin ratioReturn relative to average drawdown | -0.90 | 14.23 | -15.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLPE.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | 2.13 | -2.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.93 | -0.61 |
Drawdowns
FLPE.DE vs. ETLQ.DE - Drawdown Comparison
The maximum FLPE.DE drawdown since its inception was -32.40%, roughly equal to the maximum ETLQ.DE drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for FLPE.DE and ETLQ.DE.
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Drawdown Indicators
| FLPE.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.40% | -33.38% | +0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -28.14% | -6.68% | -21.46% |
Max Drawdown (3Y)Largest decline over 3 years | -32.40% | -21.58% | -10.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.58% | — |
Current DrawdownCurrent decline from peak | -25.84% | -0.34% | -25.50% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -4.33% | -5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.63% | 1.68% | +11.95% |
Volatility
FLPE.DE vs. ETLQ.DE - Volatility Comparison
FlexShares Listed Private Equity UCITS ETF USD Accumulating (FLPE.DE) has a higher volatility of 6.82% compared to L&G Global Equity UCITS ETF (ETLQ.DE) at 2.68%. This indicates that FLPE.DE's price experiences larger fluctuations and is considered to be riskier than ETLQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLPE.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 2.68% | +4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 17.67% | 7.77% | +9.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.96% | 11.18% | +10.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.83% | 14.06% | +9.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.83% | 15.74% | +8.09% |
FLPE.DE vs. ETLQ.DE - Expense Ratio Comparison
FLPE.DE has a 0.40% expense ratio, which is higher than ETLQ.DE's 0.10% expense ratio.
Dividends
FLPE.DE vs. ETLQ.DE - Dividend Comparison
Neither FLPE.DE nor ETLQ.DE has paid dividends to shareholders.
Frequently Asked Questions
FLPE.DE and ETLQ.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLQ.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLQ.DE is cheaper with a 0.10% expense ratio, compared with 0.40% for FLPE.DE.
FLPE.DE tracks Foxberry Listed Private Equity SDG Screened Index, while ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap. They also come from different issuers: FlexShares and Legal & General. Their fees differ too: 0.40% for FLPE.DE and 0.10% for ETLQ.DE.
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