IBCH.DE vs. ETLQ.DE
IBCH.DE (iShares MSCI World EUR Hedged UCITS ETF Accumulating) and ETLQ.DE (L&G Global Equity UCITS ETF) are both Global Equities funds - IBCH.DE tracks the MSCI World 100% Hedged to EUR Net while ETLQ.DE tracks the Solactive Core Developed Markets Large & Mid Cap. Both are passively managed. Over the past 5 years, IBCH.DE returned 10.57%/yr vs 13.10%/yr for ETLQ.DE. Their correlation of 0.90 suggests significant overlap in exposure. IBCH.DE charges 0.55%/yr vs 0.10%/yr for ETLQ.DE.
Performance
IBCH.DE vs. ETLQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCH.DE achieves a 8.84% return, which is significantly lower than ETLQ.DE's 10.88% return.
IBCH.DE
- 1D
- 0.09%
- 1M
- 2.82%
- YTD
- 8.84%
- 6M
- 9.58%
- 1Y
- 23.44%
- 3Y*
- 18.41%
- 5Y*
- 10.57%
- 10Y*
- 11.23%
ETLQ.DE
- 1D
- 0.00%
- 1M
- 3.89%
- YTD
- 10.88%
- 6M
- 10.99%
- 1Y
- 23.85%
- 3Y*
- 17.73%
- 5Y*
- 13.10%
- 10Y*
- —
IBCH.DE vs. ETLQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBCH.DE iShares MSCI World EUR Hedged UCITS ETF Accumulating | 8.84% | 16.80% | 19.60% | 21.25% | -18.84% | 23.63% | 11.16% | 19.42% |
ETLQ.DE L&G Global Equity UCITS ETF | 10.88% | 8.14% | 26.10% | 20.83% | -13.64% | 32.63% | 5.63% | 24.59% |
Correlation
The correlation between IBCH.DE and ETLQ.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2019 | 0.90 |
The correlation between IBCH.DE and ETLQ.DE has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
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Return for Risk
IBCH.DE vs. ETLQ.DE — Risk / Return Rank
IBCH.DE
ETLQ.DE
IBCH.DE vs. ETLQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World EUR Hedged UCITS ETF Accumulating (IBCH.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.
| IBCH.DE | ETLQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 3.56 | -0.53 |
| Martin ratioReturn relative to average drawdown | 13.04 | 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
| IBCH.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.13 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.92 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.93 | -0.29 |
Drawdowns
IBCH.DE vs. ETLQ.DE - Drawdown Comparison
The maximum IBCH.DE drawdown since its inception was -33.56%, roughly equal to the maximum ETLQ.DE drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for IBCH.DE and ETLQ.DE.
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Drawdown Indicators
| IBCH.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.56% | -33.38% | -0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -7.79% | -6.68% | -1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -21.58% | +4.00% |
Max Drawdown (5Y)Largest decline over 5 years | -23.68% | -21.58% | -2.10% |
Max Drawdown (10Y)Largest decline over 10 years | -33.56% | — | — |
Current DrawdownCurrent decline from peak | -0.39% | -0.34% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -4.33% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 1.68% | +0.14% |
Volatility
IBCH.DE vs. ETLQ.DE - Volatility Comparison
iShares MSCI World EUR Hedged UCITS ETF Accumulating (IBCH.DE) has a higher volatility of 2.94% compared to L&G Global Equity UCITS ETF (ETLQ.DE) at 2.68%. This indicates that IBCH.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
| IBCH.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 2.68% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 7.77% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.40% | 11.18% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 14.06% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 15.74% | -0.42% |
IBCH.DE vs. ETLQ.DE - Expense Ratio Comparison
IBCH.DE has a 0.55% expense ratio, which is higher than ETLQ.DE's 0.10% expense ratio.
Dividends
IBCH.DE vs. ETLQ.DE - Dividend Comparison
Neither IBCH.DE nor ETLQ.DE has paid dividends to shareholders.
Frequently Asked Questions
IBCH.DE and ETLQ.DE have a correlation of 0.89, 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 0.55% for IBCH.DE.
IBCH.DE tracks MSCI World 100% Hedged to EUR Net, while ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.55% for IBCH.DE and 0.10% for ETLQ.DE.
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