IS3M.DE vs. ETLK.DE
IS3M.DE (iShares € Ultrashort Bond UCITS ETF) and ETLK.DE (L&G Asia Pacific ex Japan Equity UCITS ETF) are both exchange-traded funds - IS3M.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR), while ETLK.DE is a Asia Pacific Equities fund tracking the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, IS3M.DE returned 2.16%/yr vs 6.06%/yr for ETLK.DE. At a 0.03 correlation, their price movements are largely independent. IS3M.DE charges 0.09%/yr vs 0.10%/yr for ETLK.DE.
Performance
IS3M.DE vs. ETLK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3M.DE achieves a 1.16% return, which is significantly lower than ETLK.DE's 11.20% return.
IS3M.DE
- 1D
- -0.03%
- 1M
- 0.24%
- 6M
- 1.01%
- YTD
- 1.16%
- 1Y
- 2.14%
- 3Y*
- 3.28%
- 5Y*
- 2.16%
- 10Y*
- 1.03%
ETLK.DE
- 1D
- -0.58%
- 1M
- 1.57%
- 6M
- 8.85%
- YTD
- 11.20%
- 1Y
- 16.12%
- 3Y*
- 11.18%
- 5Y*
- 6.06%
- 10Y*
- —
IS3M.DE vs. ETLK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 1.16% | 2.60% | 4.13% | 3.42% | -0.29% | -0.36% | 0.09% | 0.26% |
ETLK.DE L&G Asia Pacific ex Japan Equity UCITS ETF | 11.20% | 7.48% | 11.53% | 1.31% | -0.52% | 11.62% | -1.71% | 16.13% |
Correlation
The correlation between IS3M.DE and ETLK.DE is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2019 | 0.03 |
The correlation between IS3M.DE and ETLK.DE shifts across timeframes, from -0.04 (1 year) to 0.06 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS3M.DE vs. ETLK.DE — Risk / Return Rank
IS3M.DE
ETLK.DE
IS3M.DE vs. ETLK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Ultrashort Bond UCITS ETF (IS3M.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.
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.
| IS3M.DE | ETLK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.23 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 7.19 | 2.69 | +4.50 |
| Martin ratioReturn relative to average drawdown | 44.37 | 7.09 | +37.29 |
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Drawdowns
IS3M.DE vs. ETLK.DE - Drawdown Comparison
The maximum IS3M.DE drawdown since its inception was -3.80%, smaller than the maximum ETLK.DE drawdown of -36.68%. Use the drawdown chart below to compare losses from any high point for IS3M.DE and ETLK.DE.
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Drawdown Indicators
| IS3M.DE | ETLK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.80% | -36.68% | +32.88% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -5.97% | +5.67% |
Max Drawdown (3Y)Largest decline over 3 years | -0.47% | -19.91% | +19.44% |
Max Drawdown (5Y)Largest decline over 5 years | -1.13% | -19.91% | +18.78% |
Max Drawdown (10Y)Largest decline over 10 years | -3.80% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -0.58% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -0.28% | -5.70% | +5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 2.27% | -2.22% |
Volatility
IS3M.DE vs. ETLK.DE - Volatility Comparison
The current volatility for iShares € Ultrashort Bond UCITS ETF (IS3M.DE) is 0.29%, while L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) has a volatility of 2.59%. This indicates that IS3M.DE experiences smaller price fluctuations and is considered to be less risky 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
| IS3M.DE | ETLK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 2.59% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 0.65% | 9.77% | -9.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.79% | 12.44% | -11.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.77% | 14.84% | -14.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.11% | 18.12% | -17.01% |
IS3M.DE vs. ETLK.DE - Expense Ratio Comparison
IS3M.DE has a 0.09% expense ratio, which is lower than ETLK.DE's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IS3M.DE vs. ETLK.DE - Dividend Comparison
IS3M.DE's dividend yield for the trailing twelve months is around 2.33%, while ETLK.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETLK.DE L&G Asia Pacific ex Japan Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 2.33% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
Frequently Asked Questions
IS3M.DE and ETLK.DE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3M.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3M.DE is cheaper with a 0.09% expense ratio, compared with 0.10% for ETLK.DE.
IS3M.DE is categorized as Ultrashort Bond, while ETLK.DE is Asia Pacific Equities. IS3M.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR), 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: 0.09% for IS3M.DE and 0.10% for ETLK.DE.
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