IUS4.DE vs. ETLR.DE
IUS4.DE (iShares MSCI Japan Small Cap UCITS ETF (Dist)) and ETLR.DE (L&G Japan Equity UCITS ETF) are both Japan Equities funds - IUS4.DE tracks the MSCI Japan Small Cap while ETLR.DE tracks the Solactive Core Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, IUS4.DE returned 8.34%/yr vs 9.93%/yr for ETLR.DE. Their correlation of 0.87 suggests significant overlap in exposure. IUS4.DE charges 0.58%/yr vs 0.10%/yr for ETLR.DE.
Performance
IUS4.DE vs. ETLR.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with IUS4.DE having a 14.74% return and ETLR.DE slightly higher at 15.36%.
IUS4.DE
- 1D
- 0.43%
- 1M
- 4.46%
- YTD
- 14.74%
- 6M
- 15.83%
- 1Y
- 27.46%
- 3Y*
- 14.63%
- 5Y*
- 8.34%
- 10Y*
- 7.46%
ETLR.DE
- 1D
- -0.30%
- 1M
- 3.65%
- YTD
- 15.36%
- 6M
- 15.65%
- 1Y
- 29.68%
- 3Y*
- 15.30%
- 5Y*
- 9.93%
- 10Y*
- —
IUS4.DE vs. ETLR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IUS4.DE iShares MSCI Japan Small Cap UCITS ETF (Dist) | 14.74% | 15.96% | 9.46% | 9.42% | -7.69% | 5.35% | -2.06% | 16.64% |
ETLR.DE L&G Japan Equity UCITS ETF | 15.36% | 12.36% | 14.84% | 16.06% | -11.99% | 10.00% | 5.41% | 16.57% |
Correlation
The correlation between IUS4.DE and ETLR.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2019 | 0.87 |
The correlation between IUS4.DE and ETLR.DE has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IUS4.DE vs. ETLR.DE — Risk / Return Rank
IUS4.DE
ETLR.DE
IUS4.DE vs. ETLR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Small Cap UCITS ETF (Dist) (IUS4.DE) and L&G Japan Equity UCITS ETF (ETLR.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.
| IUS4.DE | ETLR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.74 | -0.07 |
| Martin ratioReturn relative to average drawdown | 9.26 | 8.92 | +0.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IUS4.DE | ETLR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 1.56 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.60 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.61 | -0.05 |
Drawdowns
IUS4.DE vs. ETLR.DE - Drawdown Comparison
The maximum IUS4.DE drawdown since its inception was -32.63%, which is greater than ETLR.DE's maximum drawdown of -27.67%. Use the drawdown chart below to compare losses from any high point for IUS4.DE and ETLR.DE.
Loading charts...
Drawdown Indicators
| IUS4.DE | ETLR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.63% | -27.67% | -4.96% |
Max Drawdown (1Y)Largest decline over 1 year | -10.12% | -10.40% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -12.92% | -16.42% | +3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -21.47% | -18.73% | -2.74% |
Max Drawdown (10Y)Largest decline over 10 years | -32.63% | — | — |
Current DrawdownCurrent decline from peak | -0.73% | -0.30% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -5.44% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 3.20% | -0.28% |
Volatility
IUS4.DE vs. ETLR.DE - Volatility Comparison
iShares MSCI Japan Small Cap UCITS ETF (Dist) (IUS4.DE) has a higher volatility of 3.47% compared to L&G Japan Equity UCITS ETF (ETLR.DE) at 3.19%. This indicates that IUS4.DE's price experiences larger fluctuations and is considered to be riskier than ETLR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IUS4.DE | ETLR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 3.19% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 13.58% | 14.63% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.94% | 18.30% | -2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 16.32% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 16.84% | -0.90% |
IUS4.DE vs. ETLR.DE - Expense Ratio Comparison
IUS4.DE has a 0.58% expense ratio, which is higher than ETLR.DE's 0.10% expense ratio.
Dividends
IUS4.DE vs. ETLR.DE - Dividend Comparison
IUS4.DE's dividend yield for the trailing twelve months is around 0.87%, while ETLR.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETLR.DE L&G 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% |
IUS4.DE iShares MSCI Japan Small Cap UCITS ETF (Dist) | 0.87% | 1.88% | 1.70% | 1.77% | 2.10% | 1.47% | 1.60% | 1.45% | 1.41% | 1.31% | 1.15% | 0.70% |
Frequently Asked Questions
IUS4.DE and ETLR.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLR.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLR.DE is cheaper with a 0.10% expense ratio, compared with 0.58% for IUS4.DE.
IUS4.DE tracks MSCI Japan Small Cap, while ETLR.DE tracks Solactive Core Japan Large & Mid Cap. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.58% for IUS4.DE and 0.10% for ETLR.DE.
Find the right allocation for IUS4.DE and ETLR.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer