GERD.DE vs. ETLQ.DE
GERD.DE (L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc) and ETLQ.DE (L&G Global Equity UCITS ETF) are both Global Equities funds - GERD.DE tracks the Solactive Gerd Kommer Multifactor Equity while ETLQ.DE tracks the Solactive Core Developed Markets Large & Mid Cap. Both are passively managed. Over the past year, GERD.DE returned 25.96% vs 23.85% for ETLQ.DE. Their correlation of 0.83 suggests significant overlap in exposure. GERD.DE charges 0.50%/yr vs 0.10%/yr for ETLQ.DE.
Performance
GERD.DE vs. ETLQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GERD.DE achieves a 14.41% return, which is significantly higher than ETLQ.DE's 10.88% return.
GERD.DE
- 1D
- -0.18%
- 1M
- 4.16%
- YTD
- 14.41%
- 6M
- 16.30%
- 1Y
- 25.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETLQ.DE
- 1D
- 0.00%
- 1M
- 3.89%
- YTD
- 10.88%
- 6M
- 10.99%
- 1Y
- 23.85%
- 3Y*
- 17.73%
- 5Y*
- 13.10%
- 10Y*
- —
GERD.DE vs. ETLQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GERD.DE L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc | 14.41% | 10.26% | 18.54% | 7.85% |
ETLQ.DE L&G Global Equity UCITS ETF | 10.88% | 8.14% | 26.10% | 8.24% |
Correlation
The correlation between GERD.DE and ETLQ.DE is 0.77, 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 | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023 | 0.83 |
The correlation between GERD.DE and ETLQ.DE has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.
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Return for Risk
GERD.DE vs. ETLQ.DE — Risk / Return Rank
GERD.DE
ETLQ.DE
GERD.DE vs. ETLQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.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.
| GERD.DE | ETLQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.39 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 3.56 | +0.36 |
| Martin ratioReturn relative to average drawdown | 15.42 | 14.23 | +1.19 |
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
| GERD.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 2.13 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.93 | +0.42 |
Drawdowns
GERD.DE vs. ETLQ.DE - Drawdown Comparison
The maximum GERD.DE drawdown since its inception was -19.22%, smaller than the maximum ETLQ.DE drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for GERD.DE and ETLQ.DE.
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Drawdown Indicators
| GERD.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.22% | -33.38% | +14.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.61% | -6.68% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.58% | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.34% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -2.24% | -4.33% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.68% | +0.01% |
Volatility
GERD.DE vs. ETLQ.DE - Volatility Comparison
L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.DE) has a higher volatility of 3.18% compared to L&G Global Equity UCITS ETF (ETLQ.DE) at 2.68%. This indicates that GERD.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
| GERD.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 2.68% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 8.49% | 7.77% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.92% | 11.18% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.95% | 14.06% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 15.74% | -2.79% |
GERD.DE vs. ETLQ.DE - Expense Ratio Comparison
GERD.DE has a 0.50% expense ratio, which is higher than ETLQ.DE's 0.10% expense ratio.
Dividends
GERD.DE vs. ETLQ.DE - Dividend Comparison
Neither GERD.DE nor ETLQ.DE has paid dividends to shareholders.
Frequently Asked Questions
GERD.DE and ETLQ.DE have a correlation of 0.77, 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 0.50% for GERD.DE.
GERD.DE tracks Solactive Gerd Kommer Multifactor Equity, while ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap. They also come from different issuers: LGIM Managers (Europe) Limited and Legal & General. Their fees differ too: 0.50% for GERD.DE and 0.10% for ETLQ.DE.
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