IBC6.DE vs. ETLK.DE
IBC6.DE (iShares MSCI Australia UCITS ETF) and ETLK.DE (L&G Asia Pacific ex Japan Equity UCITS ETF) are both Asia Pacific Equities funds - IBC6.DE tracks the MSCI Australia while ETLK.DE tracks the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, IBC6.DE returned 6.48%/yr vs 5.51%/yr for ETLK.DE. Their correlation of 0.92 suggests significant overlap in exposure. IBC6.DE charges 0.50%/yr vs 0.10%/yr for ETLK.DE.
Performance
IBC6.DE vs. ETLK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC6.DE achieves a 10.86% return, which is significantly higher than ETLK.DE's 8.76% return.
IBC6.DE
- 1D
- -0.63%
- 1M
- 0.32%
- YTD
- 10.86%
- 6M
- 12.67%
- 1Y
- 12.09%
- 3Y*
- 9.64%
- 5Y*
- 6.48%
- 10Y*
- 8.07%
ETLK.DE
- 1D
- -0.99%
- 1M
- -0.22%
- YTD
- 8.76%
- 6M
- 9.96%
- 1Y
- 14.03%
- 3Y*
- 10.15%
- 5Y*
- 5.51%
- 10Y*
- —
IBC6.DE vs. ETLK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBC6.DE iShares MSCI Australia UCITS ETF | 10.86% | 1.01% | 8.47% | 10.05% | -0.95% | 18.21% | -1.41% | 19.12% |
ETLK.DE L&G Asia Pacific ex Japan Equity UCITS ETF | 8.76% | 7.52% | 11.54% | 1.26% | -0.49% | 11.62% | -1.71% | 15.82% |
Correlation
The correlation between IBC6.DE and ETLK.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2019 | 0.92 |
The correlation between IBC6.DE and ETLK.DE has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
IBC6.DE vs. ETLK.DE — Risk / Return Rank
IBC6.DE
ETLK.DE
IBC6.DE vs. ETLK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Australia UCITS ETF (IBC6.DE) and L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.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.
| IBC6.DE | ETLK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 2.34 | -0.73 |
| Martin ratioReturn relative to average drawdown | 4.12 | 6.47 | -2.35 |
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
| IBC6.DE | ETLK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.16 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.37 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.39 | -0.08 |
Drawdowns
IBC6.DE vs. ETLK.DE - Drawdown Comparison
The maximum IBC6.DE drawdown since its inception was -43.64%, which is greater than ETLK.DE's maximum drawdown of -36.72%. Use the drawdown chart below to compare losses from any high point for IBC6.DE and ETLK.DE.
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Drawdown Indicators
| IBC6.DE | ETLK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.64% | -36.72% | -6.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.49% | -5.98% | -1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -23.12% | -19.89% | -3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -23.12% | -19.89% | -3.23% |
Max Drawdown (10Y)Largest decline over 10 years | -43.64% | — | — |
Current DrawdownCurrent decline from peak | -2.69% | -2.56% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -5.76% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.16% | +0.76% |
Volatility
IBC6.DE vs. ETLK.DE - Volatility Comparison
iShares MSCI Australia UCITS ETF (IBC6.DE) has a higher volatility of 3.71% compared to L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) at 3.38%. This indicates that IBC6.DE's price experiences larger fluctuations and is considered to be riskier than ETLK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBC6.DE | ETLK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 3.38% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 9.32% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.47% | 12.02% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 14.78% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.31% | 18.21% | +1.10% |
IBC6.DE vs. ETLK.DE - Expense Ratio Comparison
IBC6.DE has a 0.50% expense ratio, which is higher than ETLK.DE's 0.10% expense ratio.
Dividends
IBC6.DE vs. ETLK.DE - Dividend Comparison
Neither IBC6.DE nor ETLK.DE has paid dividends to shareholders.
Frequently Asked Questions
IBC6.DE and ETLK.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLK.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLK.DE is cheaper with a 0.10% expense ratio, compared with 0.50% for IBC6.DE.
IBC6.DE tracks MSCI Australia, while ETLK.DE tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.50% for IBC6.DE and 0.10% for ETLK.DE.
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