S6DW.DE vs. ETLQ.DE
S6DW.DE (iShares MSCI World ESG Screened UCITS ETF USD (Dist)) and ETLQ.DE (L&G Global Equity UCITS ETF) are both Global Equities funds - S6DW.DE tracks the MSCI World ESG Screened while ETLQ.DE tracks the Solactive Core Developed Markets Large & Mid Cap. Both are passively managed. Over the past 5 years, S6DW.DE returned 13.09%/yr vs 13.10%/yr for ETLQ.DE. With a 0.98 correlation, they move nearly in lockstep. S6DW.DE charges 0.20%/yr vs 0.10%/yr for ETLQ.DE.
Performance
S6DW.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 S6DW.DE having a 10.73% return and ETLQ.DE slightly higher at 10.88%.
S6DW.DE
- 1D
- -0.04%
- 1M
- 3.95%
- YTD
- 10.73%
- 6M
- 10.58%
- 1Y
- 23.93%
- 3Y*
- 18.05%
- 5Y*
- 13.09%
- 10Y*
- —
ETLQ.DE
- 1D
- 0.00%
- 1M
- 3.89%
- YTD
- 10.88%
- 6M
- 10.99%
- 1Y
- 23.85%
- 3Y*
- 17.73%
- 5Y*
- 13.10%
- 10Y*
- —
S6DW.DE vs. ETLQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
S6DW.DE iShares MSCI World ESG Screened UCITS ETF USD (Dist) | 10.73% | 7.69% | 27.33% | 22.28% | -15.33% | 32.91% | 6.70% | 24.69% |
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 S6DW.DE and ETLQ.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2019 | 0.98 |
The correlation between S6DW.DE and ETLQ.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
S6DW.DE vs. ETLQ.DE — Risk / Return Rank
S6DW.DE
ETLQ.DE
S6DW.DE vs. ETLQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ESG Screened UCITS ETF USD (Dist) (S6DW.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.
| S6DW.DE | ETLQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.39 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 3.56 | -0.47 |
| Martin ratioReturn relative to average drawdown | 12.18 | 14.23 | -2.05 |
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
| S6DW.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 2.13 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.92 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.93 | -0.07 |
Drawdowns
S6DW.DE vs. ETLQ.DE - Drawdown Comparison
The maximum S6DW.DE drawdown since its inception was -33.13%, roughly equal to the maximum ETLQ.DE drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for S6DW.DE and ETLQ.DE.
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Drawdown Indicators
| S6DW.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.13% | -33.38% | +0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -6.68% | -1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -22.30% | -21.58% | -0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -22.30% | -21.58% | -0.72% |
Current DrawdownCurrent decline from peak | -0.44% | -0.34% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -4.67% | -4.33% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.68% | +0.29% |
Volatility
S6DW.DE vs. ETLQ.DE - Volatility Comparison
iShares MSCI World ESG Screened UCITS ETF USD (Dist) (S6DW.DE) has a higher volatility of 2.85% compared to L&G Global Equity UCITS ETF (ETLQ.DE) at 2.68%. This indicates that S6DW.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
| S6DW.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.85% | 2.68% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 7.77% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 11.18% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.58% | 14.06% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 15.74% | +0.63% |
S6DW.DE vs. ETLQ.DE - Expense Ratio Comparison
S6DW.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
S6DW.DE vs. ETLQ.DE - Dividend Comparison
S6DW.DE's dividend yield for the trailing twelve months is around 0.87%, while ETLQ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
S6DW.DE iShares MSCI World ESG Screened UCITS ETF USD (Dist) | 0.87% | 0.96% | 1.18% | 1.31% | 1.59% | 1.01% | 1.15% | 1.56% | 0.18% |
Frequently Asked Questions
With a correlation of 0.99, S6DW.DE and ETLQ.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, 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 S6DW.DE.
S6DW.DE tracks MSCI World ESG Screened, 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 S6DW.DE and 0.10% for ETLQ.DE.
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