V3AA.DE vs. ETLQ.DE
V3AA.DE (Vanguard ESG Global All Cap UCITS ETF (USD) Acc) and ETLQ.DE (L&G Global Equity UCITS ETF) are both Global Equities funds - V3AA.DE tracks the FTSE Global All Cap Choice Index while ETLQ.DE tracks the Solactive Core Developed Markets Large & Mid Cap. Both are passively managed. Over the past 5 years, V3AA.DE returned 11.33%/yr vs 13.10%/yr for ETLQ.DE. With a 0.97 correlation, they move nearly in lockstep. V3AA.DE charges 0.24%/yr vs 0.10%/yr for ETLQ.DE.
Performance
V3AA.DE vs. ETLQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, V3AA.DE achieves a 12.77% return, which is significantly higher than ETLQ.DE's 10.88% return.
V3AA.DE
- 1D
- -0.11%
- 1M
- 4.35%
- YTD
- 12.77%
- 6M
- 13.07%
- 1Y
- 26.49%
- 3Y*
- 17.62%
- 5Y*
- 11.33%
- 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*
- —
V3AA.DE vs. ETLQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
V3AA.DE Vanguard ESG Global All Cap UCITS ETF (USD) Acc | 12.77% | 7.60% | 24.41% | 20.63% | -18.04% | 20.19% |
ETLQ.DE L&G Global Equity UCITS ETF | 10.88% | 8.14% | 26.10% | 20.83% | -13.64% | 23.01% |
Correlation
The correlation between V3AA.DE and ETLQ.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 | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021 | 0.97 |
The correlation between V3AA.DE and ETLQ.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
V3AA.DE vs. ETLQ.DE — Risk / Return Rank
V3AA.DE
ETLQ.DE
V3AA.DE vs. ETLQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Global All Cap UCITS ETF (USD) Acc (V3AA.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.
| V3AA.DE | ETLQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.39 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 3.56 | -0.27 |
| Martin ratioReturn relative to average drawdown | 13.32 | 14.23 | -0.91 |
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
| V3AA.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.13 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.92 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.93 | -0.11 |
Drawdowns
V3AA.DE vs. ETLQ.DE - Drawdown Comparison
The maximum V3AA.DE drawdown since its inception was -22.30%, smaller than the maximum ETLQ.DE drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for V3AA.DE and ETLQ.DE.
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Drawdown Indicators
| V3AA.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.30% | -33.38% | +11.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -6.68% | -1.48% |
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 | -0.75% | -0.34% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -4.33% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.68% | +0.35% |
Volatility
V3AA.DE vs. ETLQ.DE - Volatility Comparison
Vanguard ESG Global All Cap UCITS ETF (USD) Acc (V3AA.DE) has a higher volatility of 3.38% compared to L&G Global Equity UCITS ETF (ETLQ.DE) at 2.68%. This indicates that V3AA.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
| V3AA.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 2.68% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 7.77% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.42% | 11.18% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 14.06% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 15.74% | -1.41% |
V3AA.DE vs. ETLQ.DE - Expense Ratio Comparison
V3AA.DE has a 0.24% 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
V3AA.DE vs. ETLQ.DE - Dividend Comparison
Neither V3AA.DE nor ETLQ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, V3AA.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 0.24% for V3AA.DE.
V3AA.DE tracks FTSE Global All Cap Choice Index, while ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap. They also come from different issuers: Vanguard and Legal & General. Their fees differ too: 0.24% for V3AA.DE and 0.10% for ETLQ.DE.
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