SXR4.DE vs. ETLS.DE
SXR4.DE (iShares MSCI USA UCITS ETF (Acc)) and ETLS.DE (L&G US Equity UCITS ETF) are both Large Cap Blend Equities funds - SXR4.DE tracks the MSCI USA while ETLS.DE tracks the Solactive Core United States Large & Mid Cap. Both are passively managed. Over the past 5 years, SXR4.DE returned 13.33%/yr vs 13.60%/yr for ETLS.DE. With a 0.97 correlation, they move nearly in lockstep. SXR4.DE charges 0.07%/yr vs 0.05%/yr for ETLS.DE.
Performance
SXR4.DE vs. ETLS.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SXR4.DE having a 10.62% return and ETLS.DE slightly lower at 10.52%.
SXR4.DE
- 1D
- -0.97%
- 1M
- 0.28%
- YTD
- 10.62%
- 6M
- 10.92%
- 1Y
- 24.37%
- 3Y*
- 19.00%
- 5Y*
- 13.33%
- 10Y*
- 14.93%
ETLS.DE
- 1D
- -0.98%
- 1M
- 0.27%
- YTD
- 10.52%
- 6M
- 10.85%
- 1Y
- 24.33%
- 3Y*
- 19.21%
- 5Y*
- 13.60%
- 10Y*
- —
SXR4.DE vs. ETLS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SXR4.DE iShares MSCI USA UCITS ETF (Acc) | 10.62% | 4.62% | 32.33% | 23.44% | -15.85% | 38.32% | 9.25% | 28.58% |
ETLS.DE L&G US Equity UCITS ETF | 10.52% | 5.06% | 32.53% | 24.18% | -15.96% | 38.87% | 10.14% | 28.47% |
Correlation
The correlation between SXR4.DE and ETLS.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 | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2019 | 0.97 |
The correlation between SXR4.DE and ETLS.DE has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
SXR4.DE vs. ETLS.DE — Risk / Return Rank
SXR4.DE
ETLS.DE
SXR4.DE vs. ETLS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA UCITS ETF (Acc) (SXR4.DE) and L&G US Equity UCITS ETF (ETLS.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.
| SXR4.DE | ETLS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 3.20 | +0.10 |
| Martin ratioReturn relative to average drawdown | 11.38 | 11.26 | +0.11 |
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Drawdowns
SXR4.DE vs. ETLS.DE - Drawdown Comparison
The maximum SXR4.DE drawdown since its inception was -34.16%, roughly equal to the maximum ETLS.DE drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SXR4.DE and ETLS.DE.
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Drawdown Indicators
| SXR4.DE | ETLS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -33.99% | -0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -7.36% | -7.57% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -23.63% | -23.66% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -23.63% | -23.66% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -34.16% | — | — |
Current DrawdownCurrent decline from peak | -1.00% | -1.13% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -4.63% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.16% | -0.02% |
Volatility
SXR4.DE vs. ETLS.DE - Volatility Comparison
iShares MSCI USA UCITS ETF (Acc) (SXR4.DE) and L&G US Equity UCITS ETF (ETLS.DE) have volatilities of 3.41% and 3.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXR4.DE | ETLS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 3.44% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 8.08% | 8.10% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 11.87% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.46% | 15.50% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 17.23% | -0.99% |
SXR4.DE vs. ETLS.DE - Expense Ratio Comparison
SXR4.DE has a 0.07% expense ratio, which is higher than ETLS.DE's 0.05% 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
SXR4.DE vs. ETLS.DE - Dividend Comparison
Neither SXR4.DE nor ETLS.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, SXR4.DE and ETLS.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, ETLS.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLS.DE is cheaper with a 0.05% expense ratio, compared with 0.07% for SXR4.DE.
SXR4.DE tracks MSCI USA, while ETLS.DE tracks Solactive Core United States Large & Mid Cap. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.07% for SXR4.DE and 0.05% for ETLS.DE.
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