XD9E.DE vs. ETLS.DE
XD9E.DE (Xtrackers MSCI USA UCITS ETF EUR Hedged (Acc)) and ETLS.DE (L&G US Equity UCITS ETF) are both Large Cap Blend Equities funds - XD9E.DE tracks the MSCI USA Index (EUR Hedged) while ETLS.DE tracks the Solactive Core United States Large & Mid Cap. Both are passively managed. Over the past 5 years, XD9E.DE returned 9.77%/yr vs 13.41%/yr for ETLS.DE. Their correlation of 0.85 suggests significant overlap in exposure. XD9E.DE charges 0.12%/yr vs 0.05%/yr for ETLS.DE.
Performance
XD9E.DE vs. ETLS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XD9E.DE achieves a 7.69% return, which is significantly lower than ETLS.DE's 12.00% return.
XD9E.DE
- 1D
- 0.17%
- 1M
- -0.94%
- 6M
- 8.68%
- YTD
- 7.69%
- 1Y
- 17.37%
- 3Y*
- 17.80%
- 5Y*
- 9.77%
- 10Y*
- —
ETLS.DE
- 1D
- 0.23%
- 1M
- 0.53%
- 6M
- 12.62%
- YTD
- 12.00%
- 1Y
- 23.82%
- 3Y*
- 18.70%
- 5Y*
- 13.41%
- 10Y*
- —
XD9E.DE vs. ETLS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XD9E.DE Xtrackers MSCI USA UCITS ETF EUR Hedged (Acc) | 7.69% | 14.99% | 22.93% | 24.29% | -23.21% | 26.83% | 18.09% | 22.79% |
ETLS.DE L&G US Equity UCITS ETF | 12.00% | 5.06% | 32.53% | 24.18% | -15.96% | 38.87% | 10.14% | 28.47% |
Correlation
The correlation between XD9E.DE and ETLS.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2019 | 0.85 |
The correlation between XD9E.DE and ETLS.DE has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
XD9E.DE vs. ETLS.DE — Risk / Return Rank
XD9E.DE
ETLS.DE
XD9E.DE vs. ETLS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA UCITS ETF EUR Hedged (Acc) (XD9E.DE) and L&G US Equity UCITS ETF (ETLS.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.
| XD9E.DE | ETLS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.36 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 3.13 | -1.17 |
| Martin ratioReturn relative to average drawdown | 7.74 | 11.01 | -3.27 |
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Drawdowns
XD9E.DE vs. ETLS.DE - Drawdown Comparison
The maximum XD9E.DE drawdown since its inception was -34.71%, roughly equal to the maximum ETLS.DE drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for XD9E.DE and ETLS.DE.
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Drawdown Indicators
| XD9E.DE | ETLS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.71% | -33.99% | -0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.82% | -7.57% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -23.66% | +4.81% |
Max Drawdown (5Y)Largest decline over 5 years | -27.10% | -23.66% | -3.44% |
Current DrawdownCurrent decline from peak | -1.50% | -0.71% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -6.09% | -4.62% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 2.16% | +0.08% |
Volatility
XD9E.DE vs. ETLS.DE - Volatility Comparison
Xtrackers MSCI USA UCITS ETF EUR Hedged (Acc) (XD9E.DE) has a higher volatility of 4.08% compared to L&G US Equity UCITS ETF (ETLS.DE) at 3.75%. This indicates that XD9E.DE's price experiences larger fluctuations and is considered to be riskier than ETLS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XD9E.DE | ETLS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 3.75% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.24% | 8.17% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 11.95% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 15.51% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.46% | 17.21% | +0.25% |
XD9E.DE vs. ETLS.DE - Expense Ratio Comparison
XD9E.DE has a 0.12% expense ratio, which is higher than ETLS.DE's 0.05% 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
XD9E.DE vs. ETLS.DE - Dividend Comparison
Neither XD9E.DE nor ETLS.DE has paid dividends to shareholders.
Frequently Asked Questions
XD9E.DE and ETLS.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLS.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLS.DE is cheaper with a 0.05% expense ratio, compared with 0.12% for XD9E.DE.
XD9E.DE tracks MSCI USA Index (EUR Hedged), while ETLS.DE tracks Solactive Core United States Large & Mid Cap. They also come from different issuers: Xtrackers and Legal & General. Their fees differ too: 0.12% for XD9E.DE and 0.05% for ETLS.DE.
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