IUS3.DE vs. ETLZ.DE
IUS3.DE (iShares S&P SmallCap 600 UCITS ETF USD (Dist)) and ETLZ.DE (L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc) are both Small Cap Blend Equities funds - IUS3.DE tracks the S&P SmallCap 600 Index while ETLZ.DE tracks the Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index. Both are passively managed. Over the past 10 years, IUS3.DE returned 9.75%/yr vs 10.70%/yr for ETLZ.DE. Their correlation of 0.91 suggests significant overlap in exposure. IUS3.DE charges 0.40%/yr vs 0.30%/yr for ETLZ.DE.
Performance
IUS3.DE vs. ETLZ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IUS3.DE having a 21.73% return and ETLZ.DE slightly lower at 21.58%. Over the past 10 years, IUS3.DE has underperformed ETLZ.DE with an annualized return of 9.75%, while ETLZ.DE has yielded a comparatively higher 10.70% annualized return.
IUS3.DE
- 1D
- -1.40%
- 1M
- 2.86%
- 6M
- 14.84%
- YTD
- 21.73%
- 1Y
- 31.42%
- 3Y*
- 12.48%
- 5Y*
- 7.86%
- 10Y*
- 9.75%
ETLZ.DE
- 1D
- -1.18%
- 1M
- 2.00%
- 6M
- 13.39%
- YTD
- 21.58%
- 1Y
- 33.22%
- 3Y*
- 14.56%
- 5Y*
- 9.05%
- 10Y*
- 10.70%
IUS3.DE vs. ETLZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUS3.DE iShares S&P SmallCap 600 UCITS ETF USD (Dist) | 21.73% | -4.35% | 12.84% | 13.50% | -12.46% | 38.71% | 0.11% | 25.84% | -6.51% | -0.88% |
ETLZ.DE L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc | 21.58% | 0.32% | 15.12% | 16.03% | -14.22% | 30.61% | 8.11% | 28.84% | -9.27% | 0.58% |
Correlation
The correlation between IUS3.DE and ETLZ.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2008 | 0.91 |
The correlation between IUS3.DE and ETLZ.DE has been stable across timeframes, ranging from 0.91 to 0.97 - a consistent structural relationship.
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Return for Risk
IUS3.DE vs. ETLZ.DE — Risk / Return Rank
IUS3.DE
ETLZ.DE
IUS3.DE vs. ETLZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 UCITS ETF USD (Dist) (IUS3.DE) and L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (ETLZ.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.
| IUS3.DE | ETLZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.35 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.98 | 4.69 | +0.29 |
| Martin ratioReturn relative to average drawdown | 14.69 | 14.08 | +0.61 |
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Drawdowns
IUS3.DE vs. ETLZ.DE - Drawdown Comparison
The maximum IUS3.DE drawdown since its inception was -57.43%, roughly equal to the maximum ETLZ.DE drawdown of -58.36%. Use the drawdown chart below to compare losses from any high point for IUS3.DE and ETLZ.DE.
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Drawdown Indicators
| IUS3.DE | ETLZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.43% | -58.36% | +0.93% |
Max Drawdown (1Y)Largest decline over 1 year | -6.28% | -7.04% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -32.89% | -31.34% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -32.89% | -31.34% | -1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -41.55% | -41.01% | -0.54% |
Current DrawdownCurrent decline from peak | -2.89% | -2.09% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -12.68% | -10.70% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.35% | -0.22% |
Volatility
IUS3.DE vs. ETLZ.DE - Volatility Comparison
iShares S&P SmallCap 600 UCITS ETF USD (Dist) (IUS3.DE) has a higher volatility of 4.75% compared to L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (ETLZ.DE) at 4.38%. This indicates that IUS3.DE's price experiences larger fluctuations and is considered to be riskier than ETLZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUS3.DE | ETLZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 4.38% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.91% | 11.12% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.34% | 16.39% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.07% | 19.97% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.40% | 21.00% | +0.40% |
IUS3.DE vs. ETLZ.DE - Expense Ratio Comparison
IUS3.DE has a 0.40% expense ratio, which is higher than ETLZ.DE's 0.30% expense ratio.
Dividends
IUS3.DE vs. ETLZ.DE - Dividend Comparison
IUS3.DE's dividend yield for the trailing twelve months is around 0.52%, while ETLZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETLZ.DE L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUS3.DE iShares S&P SmallCap 600 UCITS ETF USD (Dist) | 0.52% | 1.24% | 1.13% | 1.08% | 1.05% | 0.62% | 0.96% | 0.92% | 0.98% | 0.79% | 0.84% | 0.54% |
Frequently Asked Questions
With a correlation of 0.94, IUS3.DE and ETLZ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ETLZ.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLZ.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for IUS3.DE.
IUS3.DE tracks S&P SmallCap 600 Index, while ETLZ.DE tracks Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index. They also come from different issuers: iShares and L&G. Their fees differ too: 0.40% for IUS3.DE and 0.30% for ETLZ.DE.
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