IUSC.DE vs. ETLQ.DE
IUSC.DE (iShares MSCI EM Latin America UCITS ETF (Dist)) and ETLQ.DE (L&G Global Equity UCITS ETF) are both exchange-traded funds - IUSC.DE is a Latin America Equities fund tracking the MSCI Emerging Markets Latin America 10/40, while ETLQ.DE is a Global Equities fund tracking the Solactive Core Developed Markets Large & Mid Cap. Both are passively managed. Over the past 5 years, IUSC.DE returned 9.18%/yr vs 13.10%/yr for ETLQ.DE. At a 0.47 correlation, their price movements are largely independent. IUSC.DE charges 0.20%/yr vs 0.10%/yr for ETLQ.DE.
Performance
IUSC.DE vs. ETLQ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IUSC.DE having a 10.69% return and ETLQ.DE slightly higher at 10.88%.
IUSC.DE
- 1D
- -0.68%
- 1M
- -7.19%
- YTD
- 10.69%
- 6M
- 8.24%
- 1Y
- 33.46%
- 3Y*
- 10.03%
- 5Y*
- 9.18%
- 10Y*
- 6.94%
ETLQ.DE
- 1D
- 0.00%
- 1M
- 4.96%
- YTD
- 10.88%
- 6M
- 11.36%
- 1Y
- 23.93%
- 3Y*
- 17.73%
- 5Y*
- 13.10%
- 10Y*
- —
IUSC.DE vs. ETLQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IUSC.DE iShares MSCI EM Latin America UCITS ETF (Dist) | 10.69% | 36.88% | -22.89% | 28.61% | 15.20% | -3.88% | -19.69% | 5.52% |
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 IUSC.DE and ETLQ.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2019 | 0.47 |
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Return for Risk
IUSC.DE vs. ETLQ.DE — Risk / Return Rank
IUSC.DE
ETLQ.DE
IUSC.DE vs. ETLQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM Latin America UCITS ETF (Dist) (IUSC.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.
| IUSC.DE | ETLQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.39 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 3.56 | -0.57 |
| Martin ratioReturn relative to average drawdown | 9.20 | 14.23 | -5.03 |
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
| IUSC.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 2.13 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.92 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.93 | -0.85 |
Drawdowns
IUSC.DE vs. ETLQ.DE - Drawdown Comparison
The maximum IUSC.DE drawdown since its inception was -58.97%, which is greater than ETLQ.DE's maximum drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for IUSC.DE and ETLQ.DE.
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Drawdown Indicators
| IUSC.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.97% | -33.38% | -25.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -6.68% | -4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -25.76% | -21.58% | -4.18% |
Max Drawdown (5Y)Largest decline over 5 years | -25.76% | -21.58% | -4.18% |
Max Drawdown (10Y)Largest decline over 10 years | -49.91% | — | — |
Current DrawdownCurrent decline from peak | -11.12% | -0.34% | -10.78% |
Average DrawdownAverage peak-to-trough decline | -25.36% | -4.33% | -21.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 1.68% | +1.95% |
Volatility
IUSC.DE vs. ETLQ.DE - Volatility Comparison
iShares MSCI EM Latin America UCITS ETF (Dist) (IUSC.DE) has a higher volatility of 5.36% compared to L&G Global Equity UCITS ETF (ETLQ.DE) at 2.68%. This indicates that IUSC.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
| IUSC.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.36% | 2.68% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 15.06% | 7.77% | +7.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.96% | 11.18% | +6.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.76% | 14.06% | +6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.22% | 15.74% | +9.48% |
IUSC.DE vs. ETLQ.DE - Expense Ratio Comparison
IUSC.DE has a 0.20% expense ratio, which is higher than ETLQ.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IUSC.DE vs. ETLQ.DE - Dividend Comparison
IUSC.DE's dividend yield for the trailing twelve months is around 3.02%, while ETLQ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETLQ.DE L&G Global 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% |
IUSC.DE iShares MSCI EM Latin America UCITS ETF (Dist) | 3.02% | 3.20% | 5.24% | 3.98% | 6.78% | 2.68% | 1.65% | 2.07% | 1.88% | 1.41% | 1.22% | 2.65% |
Frequently Asked Questions
IUSC.DE and ETLQ.DE have a correlation of 0.49, 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 0.20% for IUSC.DE.
IUSC.DE is categorized as Latin America Equities, while ETLQ.DE is Global Equities. IUSC.DE tracks MSCI Emerging Markets Latin America 10/40, 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: 0.20% for IUSC.DE and 0.10% for ETLQ.DE.
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