UIM7.DE vs. ETLQ.DE

Last updated Jul 16, 2026

UIM7.DE (UBS ETF (LU) MSCI World UCITS ETF (USD) A-dis) and ETLQ.DE (L&G Global Equity UCITS ETF) are both Global Equities funds - UIM7.DE tracks the MSCI World while ETLQ.DE tracks the Solactive Core Developed Markets Large & Mid Cap. Both are passively managed. Over the past 5 years, UIM7.DE returned 12.03%/yr vs 12.53%/yr for ETLQ.DE. With a 0.97 correlation, they move nearly in lockstep. UIM7.DE charges 0.30%/yr vs 0.10%/yr for ETLQ.DE.

Performance

UIM7.DE vs. ETLQ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (LU) MSCI World UCITS ETF (USD) A-dis (UIM7.DE) and L&G Global Equity UCITS ETF (ETLQ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with UIM7.DE having a 12.82% return and ETLQ.DE slightly higher at 13.13%.

UIM7.DE

• 1D: 0.19%
• 1M: 1.64%
• 6M: 11.29%
• YTD: 12.82%
• 1Y: 23.53%
• 3Y*: 17.89%
• 5Y*: 12.03%
• 10Y*: 12.31%

ETLQ.DE

• 1D: 0.25%
• 1M: 1.70%
• 6M: 11.39%
• YTD: 13.13%
• 1Y: 24.15%
• 3Y*: 18.44%
• 5Y*: 12.53%
• 10Y*: —

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

UIM7.DE vs. ETLQ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UIM7.DE UBS ETF (LU) MSCI World UCITS ETF (USD) A-dis	12.82%	7.63%	25.66%	19.90%	-13.93%	32.50%	5.12%	25.28%
ETLQ.DE L&G Global Equity UCITS ETF	13.13%	8.12%	26.14%	20.86%	-13.64%	32.62%	5.65%	24.79%

Correlation

The correlation between UIM7.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 16, 2019	0.97

The correlation between UIM7.DE and ETLQ.DE has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

Return for Risk

UIM7.DE vs. ETLQ.DE — Risk / Return Rank

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

UIM7.DE

UIM7.DE Risk / Return Rank: 83
UIM7.DE Sharpe Ratio Rank: 82
UIM7.DE Sortino Ratio Rank: 81
UIM7.DE Omega Ratio Rank: 81
UIM7.DE Calmar Ratio Rank: 84
UIM7.DE Martin Ratio Rank: 87

ETLQ.DE

ETLQ.DE Risk / Return Rank: 83
ETLQ.DE Sharpe Ratio Rank: 82
ETLQ.DE Sortino Ratio Rank: 82
ETLQ.DE Omega Ratio Rank: 82
ETLQ.DE Calmar Ratio Rank: 82
ETLQ.DE Martin Ratio Rank: 86

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.

UIM7.DE vs. ETLQ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI World UCITS ETF (USD) A-dis (UIM7.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.

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.

	UIM7.DE	ETLQ.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.08	2.10	-0.01
Sortino ratio: Return per unit of downside risk	2.89	2.92	-0.03
Omega ratio: Gain probability vs. loss probability	1.39	1.38	0.00
Calmar ratio: Return relative to maximum drawdown	3.65	3.54	+0.11
Martin ratio: Return relative to average drawdown	14.53	13.87	+0.67

UIM7.DE vs. ETLQ.DE - Sharpe Ratio Comparison

The current UIM7.DE Sharpe Ratio is 2.08, which is comparable to the ETLQ.DE Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of UIM7.DE and ETLQ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UIM7.DE vs. ETLQ.DE - Drawdown Comparison

The maximum UIM7.DE drawdown since its inception was -61.36%, which is greater than ETLQ.DE's maximum drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for UIM7.DE and ETLQ.DE.

Drawdown Indicators

	UIM7.DE	ETLQ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-61.36%	-33.33%	-28.03%
Max Drawdown (1Y) Largest decline over 1 year	-6.42%	-6.79%	+0.37%
Max Drawdown (3Y) Largest decline over 3 years	-21.66%	-21.61%	-0.05%
Max Drawdown (5Y) Largest decline over 5 years	-21.66%	-21.61%	-0.05%
Max Drawdown (10Y) Largest decline over 10 years	-33.83%	—	—
Current Drawdown Current decline from peak	-0.08%	0.00%	-0.08%
Average Drawdown Average peak-to-trough decline	-13.66%	-4.32%	-9.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	1.74%	-0.13%

Volatility

UIM7.DE vs. ETLQ.DE - Volatility Comparison

UBS ETF (LU) MSCI World UCITS ETF (USD) A-dis (UIM7.DE) and L&G Global Equity UCITS ETF (ETLQ.DE) have volatilities of 2.40% and 2.48%, 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.

Volatility by Period

	UIM7.DE	ETLQ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.40%	2.48%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	7.89%	8.11%	-0.22%
Volatility (1Y) Calculated over the trailing 1-year period	11.25%	11.47%	-0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.11%	14.11%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.05%	15.72%	-0.67%

UIM7.DE vs. ETLQ.DE - Expense Ratio Comparison

UIM7.DE has a 0.30% expense ratio, which is higher than ETLQ.DE's 0.10% expense ratio.

Dividends

UIM7.DE vs. ETLQ.DE - Dividend Comparison

UIM7.DE's dividend yield for the trailing twelve months is around 0.88%, while ETLQ.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
UIM7.DE UBS ETF (LU) MSCI World UCITS ETF (USD) A-dis	0.88%	1.04%	1.06%	1.29%	1.47%	0.98%	1.31%	1.56%	1.69%	1.72%	1.83%	1.89%

Frequently Asked Questions

Can I hold both UIM7.DE and ETLQ.DE in my portfolio?

With a correlation of 0.99, UIM7.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.

Which ETF is better, UIM7.DE or ETLQ.DE?

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.

Which ETF is cheaper, UIM7.DE or ETLQ.DE?

ETLQ.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for UIM7.DE.

What is the main difference between UIM7.DE and ETLQ.DE?

UIM7.DE tracks MSCI World, while ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap. They also come from different issuers: UBS and Legal & General. Their fees differ too: 0.30% for UIM7.DE and 0.10% for ETLQ.DE.