SXRG.DE vs. ETLZ.DE
SXRG.DE (iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc)) and ETLZ.DE (L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc) are both Small Cap Blend Equities funds - SXRG.DE tracks the MSCI USA Small Cap ESG Enhanced Focus CTB 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, SXRG.DE returned 10.49%/yr vs 10.91%/yr for ETLZ.DE. Their correlation of 0.93 suggests significant overlap in exposure. SXRG.DE charges 0.43%/yr vs 0.30%/yr for ETLZ.DE.
Performance
SXRG.DE vs. ETLZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRG.DE achieves a 19.66% return, which is significantly lower than ETLZ.DE's 23.04% return. Both investments have delivered pretty close results over the past 10 years, with SXRG.DE having a 10.49% annualized return and ETLZ.DE not far ahead at 10.91%.
SXRG.DE
- 1D
- 0.21%
- 1M
- 1.03%
- 6M
- 12.01%
- YTD
- 19.66%
- 1Y
- 35.64%
- 3Y*
- 13.57%
- 5Y*
- 8.28%
- 10Y*
- 10.49%
ETLZ.DE
- 1D
- 0.74%
- 1M
- 3.46%
- 6M
- 14.71%
- YTD
- 23.04%
- 1Y
- 39.69%
- 3Y*
- 15.43%
- 5Y*
- 9.31%
- 10Y*
- 10.91%
SXRG.DE vs. ETLZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRG.DE iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) | 19.66% | -1.21% | 15.85% | 13.82% | -12.53% | 29.74% | 6.96% | 30.76% | -7.93% | 2.34% |
ETLZ.DE L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc | 23.04% | 0.32% | 15.12% | 16.03% | -14.22% | 30.61% | 8.11% | 28.84% | -9.27% | 0.58% |
Correlation
The correlation between SXRG.DE and ETLZ.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2009 | 0.93 |
The correlation between SXRG.DE and ETLZ.DE has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.
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Return for Risk
SXRG.DE vs. ETLZ.DE — Risk / Return Rank
SXRG.DE
ETLZ.DE
SXRG.DE vs. ETLZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) (SXRG.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.
| SXRG.DE | ETLZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.41 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.75 | 5.61 | +0.14 |
| Martin ratioReturn relative to average drawdown | 17.25 | 16.79 | +0.46 |
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Drawdowns
SXRG.DE vs. ETLZ.DE - Drawdown Comparison
The maximum SXRG.DE drawdown since its inception was -41.79%, smaller than the maximum ETLZ.DE drawdown of -58.36%. Use the drawdown chart below to compare losses from any high point for SXRG.DE and ETLZ.DE.
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Drawdown Indicators
| SXRG.DE | ETLZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.79% | -58.36% | +16.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.17% | -7.04% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | -31.54% | -31.34% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -31.54% | -31.34% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -41.79% | -41.01% | -0.78% |
Current DrawdownCurrent decline from peak | -3.31% | -0.92% | -2.39% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -10.71% | +3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 2.35% | -0.29% |
Volatility
SXRG.DE vs. ETLZ.DE - Volatility Comparison
iShares MSCI USA Small Cap ESG Enhanced UCITS ETF (Acc) (SXRG.DE) has a higher volatility of 4.54% compared to L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (ETLZ.DE) at 4.19%. This indicates that SXRG.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
| SXRG.DE | ETLZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 4.19% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 11.21% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.03% | 16.56% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.79% | 19.97% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.33% | 21.00% | -0.67% |
SXRG.DE vs. ETLZ.DE - Expense Ratio Comparison
SXRG.DE has a 0.43% expense ratio, which is higher than ETLZ.DE's 0.30% expense ratio.
Dividends
SXRG.DE vs. ETLZ.DE - Dividend Comparison
Neither SXRG.DE nor ETLZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, SXRG.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 0.43% for SXRG.DE.
SXRG.DE tracks MSCI USA Small Cap ESG Enhanced Focus CTB, while ETLZ.DE tracks Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index. They also come from different issuers: iShares and L&G. Their fees differ too: 0.43% for SXRG.DE and 0.30% for ETLZ.DE.
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