SC0K.DE vs. ETLZ.DE
SC0K.DE (Invesco Russell 2000 UCITS ETF) and ETLZ.DE (L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc) are both Small Cap Blend Equities funds - SC0K.DE tracks the Russell 2000® 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, SC0K.DE returned 10.19%/yr vs 10.75%/yr for ETLZ.DE. Their correlation of 0.91 suggests significant overlap in exposure. SC0K.DE charges 0.45%/yr vs 0.30%/yr for ETLZ.DE.
Performance
SC0K.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 SC0K.DE having a 22.41% return and ETLZ.DE slightly lower at 21.33%. Over the past 10 years, SC0K.DE has underperformed ETLZ.DE with an annualized return of 10.19%, while ETLZ.DE has yielded a comparatively higher 10.75% annualized return.
SC0K.DE
- 1D
- 0.31%
- 1M
- 2.61%
- 6M
- 13.27%
- YTD
- 22.41%
- 1Y
- 41.20%
- 3Y*
- 15.86%
- 5Y*
- 8.15%
- 10Y*
- 10.19%
ETLZ.DE
- 1D
- -0.66%
- 1M
- 1.72%
- 6M
- 15.70%
- YTD
- 21.33%
- 1Y
- 34.15%
- 3Y*
- 14.90%
- 5Y*
- 9.00%
- 10Y*
- 10.75%
SC0K.DE vs. ETLZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0K.DE Invesco Russell 2000 UCITS ETF | 22.41% | 1.56% | 15.91% | 14.84% | -16.55% | 24.70% | 8.14% | 29.08% | -9.05% | 0.67% |
ETLZ.DE L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc | 21.33% | 0.32% | 15.12% | 16.03% | -14.22% | 30.61% | 8.11% | 28.84% | -9.27% | 0.58% |
Correlation
The correlation between SC0K.DE and ETLZ.DE is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2009 | 0.91 |
The correlation between SC0K.DE and ETLZ.DE has been stable across timeframes, ranging from 0.91 to 0.99 - a consistent structural relationship.
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Return for Risk
SC0K.DE vs. ETLZ.DE — Risk / Return Rank
SC0K.DE
ETLZ.DE
SC0K.DE vs. ETLZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Russell 2000 UCITS ETF (SC0K.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.
| SC0K.DE | ETLZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.88 | 5.33 | -0.45 |
| Martin ratioReturn relative to average drawdown | 14.31 | 15.94 | -1.64 |
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Drawdowns
SC0K.DE vs. ETLZ.DE - Drawdown Comparison
The maximum SC0K.DE drawdown since its inception was -47.18%, smaller than the maximum ETLZ.DE drawdown of -58.36%. Use the drawdown chart below to compare losses from any high point for SC0K.DE and ETLZ.DE.
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Drawdown Indicators
| SC0K.DE | ETLZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.18% | -58.36% | +11.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -7.04% | -1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -32.50% | -31.34% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -32.50% | -31.34% | -1.16% |
Max Drawdown (10Y)Largest decline over 10 years | -41.13% | -41.01% | -0.12% |
Current DrawdownCurrent decline from peak | -2.26% | -2.30% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -13.61% | -10.71% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.35% | +0.52% |
Volatility
SC0K.DE vs. ETLZ.DE - Volatility Comparison
Invesco Russell 2000 UCITS ETF (SC0K.DE) has a higher volatility of 4.49% compared to L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (ETLZ.DE) at 4.22%. This indicates that SC0K.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
| SC0K.DE | ETLZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 4.22% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 12.54% | 11.22% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.27% | 16.57% | +1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.98% | 19.97% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.20% | 21.00% | +1.20% |
SC0K.DE vs. ETLZ.DE - Expense Ratio Comparison
SC0K.DE has a 0.45% expense ratio, which is higher than ETLZ.DE's 0.30% expense ratio.
Dividends
SC0K.DE vs. ETLZ.DE - Dividend Comparison
Neither SC0K.DE nor ETLZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, SC0K.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 0.45% for SC0K.DE.
SC0K.DE tracks Russell 2000®, while ETLZ.DE tracks Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index. They also come from different issuers: Invesco and L&G. Their fees differ too: 0.45% for SC0K.DE and 0.30% for ETLZ.DE.
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