LEML.L vs. BATG.DE

Last updated Jun 5, 2026

LEML.L (Lyxor MSCI Emerging Markets UCITS ETF - Acc USD) and BATG.DE (L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF) are both exchange-traded funds - LEML.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while BATG.DE is a Japan Equities fund tracking the Foxberry Sustainability Consensus Japan. Both are passively managed. At a 0.27 correlation, their price movements are largely independent. LEML.L charges 0.55%/yr vs 0.16%/yr for BATG.DE.

Performance

LEML.L vs. BATG.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor MSCI Emerging Markets UCITS ETF - Acc USD (LEML.L) and L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF (BATG.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LEML.L is traded in GBp, while BATG.DE is traded in EUR. To make them comparable, the BATG.DE values have been converted to GBp using the latest available exchange rates.

Returns By Period

LEML.L

• 1D: -1.66%
• 1M: 6.29%
• YTD: 25.85%
• 6M: 27.98%
• 1Y: 53.27%
• 3Y*: 20.41%
• 5Y*: 8.13%
• 10Y*: 10.54%

BATG.DE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LEML.L vs. BATG.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
LEML.L Lyxor MSCI Emerging Markets UCITS ETF - Acc USD	25.85%	24.60%	8.72%	2.68%	7.31%
BATG.DE L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF	0.00%	6.91%	7.88%	10.51%	3.87%

Correlation

The correlation between LEML.L and BATG.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022	0.27

Return for Risk

LEML.L vs. BATG.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LEML.L

LEML.L Risk / Return Rank: 88
LEML.L Sharpe Ratio Rank: 91
LEML.L Sortino Ratio Rank: 89
LEML.L Omega Ratio Rank: 91
LEML.L Calmar Ratio Rank: 87
LEML.L Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LEML.L vs. BATG.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI Emerging Markets UCITS ETF - Acc USD (LEML.L) and L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF (BATG.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.

	LEML.L	BATG.DE	Difference
Sharpe ratio: Return per unit of total volatility	3.14	—	—
Sortino ratio: Return per unit of downside risk	4.03	—	—
Omega ratio: Gain probability vs. loss probability	1.58	—	—
Calmar ratio: Return relative to maximum drawdown	4.87	—	—
Martin ratio: Return relative to average drawdown	16.96	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LEML.L	BATG.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.14	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	—	—

Drawdowns

Drawdown Indicators

	LEML.L	BATG.DE	Difference
Max Drawdown Largest peak-to-trough decline	-31.91%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.89%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.34%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.59%	—	—
Current Drawdown Current decline from peak	-2.51%	—	—
Average Drawdown Average peak-to-trough decline	-10.48%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	—	—

Volatility

Volatility by Period

	LEML.L	BATG.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.89%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.15%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.94%	—	—

LEML.L vs. BATG.DE - Expense Ratio Comparison

LEML.L has a 0.55% expense ratio, which is higher than BATG.DE's 0.16% expense ratio.

Dividends

LEML.L vs. BATG.DE - Dividend Comparison

Neither LEML.L nor BATG.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LEML.L and BATG.DE in my portfolio?

LEML.L and BATG.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LEML.L or BATG.DE?

On fees, BATG.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LEML.L or BATG.DE?

BATG.DE is cheaper with a 0.16% expense ratio, compared with 0.55% for LEML.L.

What is the main difference between LEML.L and BATG.DE?

LEML.L is categorized as Emerging Markets Equities, while BATG.DE is Japan Equities. LEML.L tracks MSCI EM NR USD, while BATG.DE tracks Foxberry Sustainability Consensus Japan. They also come from different issuers: Amundi and LGIM Managers (Europe) Limited. Their fees differ too: 0.55% for LEML.L and 0.16% for BATG.DE.