XAMB.DE vs. ETLQ.DE
XAMB.DE (Amundi MSCI World SRI Climate Net Zero Ambition PAB UCITS ETF Acc) and ETLQ.DE (L&G Global Equity UCITS ETF) are both Global Equities funds - XAMB.DE tracks the MSCI World SRI Filtered PAB while ETLQ.DE tracks the Solactive Core Developed Markets Large & Mid Cap. Both are passively managed. Over the past 5 years, XAMB.DE returned 10.09%/yr vs 13.10%/yr for ETLQ.DE. Their correlation of 0.94 suggests significant overlap in exposure. XAMB.DE charges 0.18%/yr vs 0.10%/yr for ETLQ.DE.
Performance
XAMB.DE vs. ETLQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XAMB.DE achieves a 13.11% return, which is significantly higher than ETLQ.DE's 10.88% return.
XAMB.DE
- 1D
- 0.27%
- 1M
- 6.31%
- YTD
- 13.11%
- 6M
- 13.74%
- 1Y
- 20.74%
- 3Y*
- 12.56%
- 5Y*
- 10.09%
- 10Y*
- —
ETLQ.DE
- 1D
- 0.00%
- 1M
- 4.96%
- YTD
- 10.88%
- 6M
- 11.36%
- 1Y
- 23.93%
- 3Y*
- 17.73%
- 5Y*
- 13.10%
- 10Y*
- —
XAMB.DE vs. ETLQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XAMB.DE Amundi MSCI World SRI Climate Net Zero Ambition PAB UCITS ETF Acc | 13.11% | 2.25% | 15.42% | 20.65% | -17.81% | 36.43% | 7.63% | 26.95% |
ETLQ.DE L&G Global Equity UCITS ETF | 10.88% | 8.14% | 26.10% | 20.83% | -13.64% | 32.63% | 5.63% | 24.59% |
Correlation
The correlation between XAMB.DE and ETLQ.DE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2019 | 0.94 |
The correlation between XAMB.DE and ETLQ.DE has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
XAMB.DE vs. ETLQ.DE — Risk / Return Rank
XAMB.DE
ETLQ.DE
XAMB.DE vs. ETLQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World SRI Climate Net Zero Ambition PAB UCITS ETF Acc (XAMB.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.
| XAMB.DE | ETLQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.39 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 3.56 | -1.07 |
| Martin ratioReturn relative to average drawdown | 9.16 | 14.23 | -5.07 |
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
| XAMB.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.13 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.92 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.93 | -0.19 |
Drawdowns
XAMB.DE vs. ETLQ.DE - Drawdown Comparison
The maximum XAMB.DE drawdown since its inception was -31.83%, roughly equal to the maximum ETLQ.DE drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for XAMB.DE and ETLQ.DE.
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Drawdown Indicators
| XAMB.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.83% | -33.38% | +1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -6.68% | -1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -22.09% | -21.58% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -22.09% | -21.58% | -0.51% |
Current DrawdownCurrent decline from peak | 0.00% | -0.34% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -4.33% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.68% | +0.58% |
Volatility
XAMB.DE vs. ETLQ.DE - Volatility Comparison
Amundi MSCI World SRI Climate Net Zero Ambition PAB UCITS ETF Acc (XAMB.DE) has a higher volatility of 3.89% compared to L&G Global Equity UCITS ETF (ETLQ.DE) at 2.68%. This indicates that XAMB.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
| XAMB.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 2.68% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.82% | 7.77% | +2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.16% | 11.18% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.94% | 14.06% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 15.74% | +0.66% |
XAMB.DE vs. ETLQ.DE - Expense Ratio Comparison
XAMB.DE has a 0.18% 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
XAMB.DE vs. ETLQ.DE - Dividend Comparison
Neither XAMB.DE nor ETLQ.DE has paid dividends to shareholders.
Frequently Asked Questions
XAMB.DE and ETLQ.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.18% for XAMB.DE.
XAMB.DE tracks MSCI World SRI Filtered PAB, while ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap. They also come from different issuers: Amundi and Legal & General. Their fees differ too: 0.18% for XAMB.DE and 0.10% for ETLQ.DE.
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