XCS3.DE vs. ETLK.DE
XCS3.DE (Xtrackers MSCI Malaysia UCITS ETF (Acc)) and ETLK.DE (L&G Asia Pacific ex Japan Equity UCITS ETF) are both Asia Pacific Equities funds - XCS3.DE tracks the MSCI Malaysia Index while ETLK.DE tracks the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, XCS3.DE returned 5.98%/yr vs 5.68%/yr for ETLK.DE. At a 0.44 correlation, their price movements are largely independent. XCS3.DE charges 0.50%/yr vs 0.10%/yr for ETLK.DE.
Performance
XCS3.DE vs. ETLK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XCS3.DE achieves a 4.19% return, which is significantly lower than ETLK.DE's 9.12% return.
XCS3.DE
- 1D
- 1.39%
- 1M
- -0.08%
- 6M
- 4.28%
- YTD
- 4.19%
- 1Y
- 19.31%
- 3Y*
- 12.77%
- 5Y*
- 5.98%
- 10Y*
- 1.97%
ETLK.DE
- 1D
- 0.40%
- 1M
- -0.65%
- 6M
- 9.20%
- YTD
- 9.12%
- 1Y
- 14.72%
- 3Y*
- 10.13%
- 5Y*
- 5.68%
- 10Y*
- —
XCS3.DE vs. ETLK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XCS3.DE Xtrackers MSCI Malaysia UCITS ETF (Acc) | 4.19% | 3.11% | 26.75% | -7.60% | 1.23% | -1.02% | -6.99% | 0.38% |
ETLK.DE L&G Asia Pacific ex Japan Equity UCITS ETF | 9.12% | 7.48% | 11.53% | 1.31% | -0.52% | 11.62% | -1.71% | 16.13% |
Correlation
The correlation between XCS3.DE and ETLK.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2019 | 0.44 |
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Return for Risk
XCS3.DE vs. ETLK.DE — Risk / Return Rank
XCS3.DE
ETLK.DE
XCS3.DE vs. ETLK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Malaysia UCITS ETF (Acc) (XCS3.DE) and L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.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.
| XCS3.DE | ETLK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.45 | -0.01 |
| Martin ratioReturn relative to average drawdown | 6.95 | 6.51 | +0.44 |
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Drawdowns
XCS3.DE vs. ETLK.DE - Drawdown Comparison
The maximum XCS3.DE drawdown since its inception was -43.32%, which is greater than ETLK.DE's maximum drawdown of -36.68%. Use the drawdown chart below to compare losses from any high point for XCS3.DE and ETLK.DE.
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Drawdown Indicators
| XCS3.DE | ETLK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.32% | -36.68% | -6.64% |
Max Drawdown (1Y)Largest decline over 1 year | -7.85% | -5.97% | -1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -19.91% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -21.83% | -19.91% | -1.92% |
Max Drawdown (10Y)Largest decline over 10 years | -35.49% | — | — |
Current DrawdownCurrent decline from peak | -6.19% | -2.25% | -3.94% |
Average DrawdownAverage peak-to-trough decline | -17.45% | -5.71% | -11.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.25% | +0.51% |
Volatility
XCS3.DE vs. ETLK.DE - Volatility Comparison
Xtrackers MSCI Malaysia UCITS ETF (Acc) (XCS3.DE) has a higher volatility of 3.88% compared to L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) at 3.38%. This indicates that XCS3.DE's price experiences larger fluctuations and is considered to be riskier than ETLK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCS3.DE | ETLK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 3.38% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 10.90% | 9.63% | +1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.06% | 12.34% | +1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.17% | 14.85% | -1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.03% | 18.15% | -3.12% |
XCS3.DE vs. ETLK.DE - Expense Ratio Comparison
XCS3.DE has a 0.50% expense ratio, which is higher than ETLK.DE's 0.10% expense ratio.
Dividends
XCS3.DE vs. ETLK.DE - Dividend Comparison
Neither XCS3.DE nor ETLK.DE has paid dividends to shareholders.
Frequently Asked Questions
XCS3.DE and ETLK.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLK.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLK.DE is cheaper with a 0.10% expense ratio, compared with 0.50% for XCS3.DE.
XCS3.DE tracks MSCI Malaysia Index, while ETLK.DE tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap. They also come from different issuers: Xtrackers and Legal & General. Their fees differ too: 0.50% for XCS3.DE and 0.10% for ETLK.DE.
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