XIEE.DE vs. ETLK.DE
XIEE.DE (Xtrackers MSCI Europe UCITS ETF) and ETLK.DE (L&G Asia Pacific ex Japan Equity UCITS ETF) are both exchange-traded funds - XIEE.DE is a Europe Equities fund tracking the MSCI Europe, while ETLK.DE is a Asia Pacific Equities fund tracking the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, XIEE.DE returned 9.99%/yr vs 5.51%/yr for ETLK.DE. A 0.76 correlation means they provide meaningful diversification when combined. XIEE.DE charges 0.12%/yr vs 0.10%/yr for ETLK.DE.
Performance
XIEE.DE vs. ETLK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XIEE.DE achieves a 7.68% return, which is significantly lower than ETLK.DE's 8.76% return.
XIEE.DE
- 1D
- 0.61%
- 1M
- 3.33%
- YTD
- 7.68%
- 6M
- 9.90%
- 1Y
- 16.12%
- 3Y*
- 13.74%
- 5Y*
- 9.99%
- 10Y*
- 9.16%
ETLK.DE
- 1D
- -0.99%
- 1M
- -2.56%
- YTD
- 8.76%
- 6M
- 10.04%
- 1Y
- 13.52%
- 3Y*
- 10.15%
- 5Y*
- 5.51%
- 10Y*
- —
XIEE.DE vs. ETLK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 7.68% | 20.34% | 8.08% | 15.72% | -9.15% | 24.96% | -3.13% | 22.70% |
ETLK.DE L&G Asia Pacific ex Japan Equity UCITS ETF | 8.76% | 7.52% | 11.54% | 1.26% | -0.49% | 11.62% | -1.71% | 15.82% |
Correlation
The correlation between XIEE.DE and ETLK.DE is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2019 | 0.76 |
The correlation between XIEE.DE and ETLK.DE has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.
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Return for Risk
XIEE.DE vs. ETLK.DE — Risk / Return Rank
XIEE.DE
ETLK.DE
XIEE.DE vs. ETLK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe UCITS ETF (XIEE.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.
| XIEE.DE | ETLK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 2.34 | -0.66 |
| Martin ratioReturn relative to average drawdown | 6.35 | 6.47 | -0.12 |
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
| XIEE.DE | ETLK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.16 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.37 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.39 | +0.13 |
Drawdowns
XIEE.DE vs. ETLK.DE - Drawdown Comparison
The maximum XIEE.DE drawdown since its inception was -35.51%, roughly equal to the maximum ETLK.DE drawdown of -36.72%. Use the drawdown chart below to compare losses from any high point for XIEE.DE and ETLK.DE.
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Drawdown Indicators
| XIEE.DE | ETLK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.51% | -36.72% | +1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -5.98% | -3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -16.52% | -19.89% | +3.37% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -19.89% | +0.59% |
Max Drawdown (10Y)Largest decline over 10 years | -35.51% | — | — |
Current DrawdownCurrent decline from peak | -1.61% | -2.56% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -5.76% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 2.16% | +0.37% |
Volatility
XIEE.DE vs. ETLK.DE - Volatility Comparison
Xtrackers MSCI Europe UCITS ETF (XIEE.DE) has a higher volatility of 4.32% compared to L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) at 3.38%. This indicates that XIEE.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
| XIEE.DE | ETLK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 3.38% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 10.51% | 9.32% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.72% | 12.02% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.13% | 14.78% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 18.21% | -2.67% |
XIEE.DE vs. ETLK.DE - Expense Ratio Comparison
XIEE.DE has a 0.12% expense ratio, which is higher than ETLK.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
XIEE.DE vs. ETLK.DE - Dividend Comparison
XIEE.DE's dividend yield for the trailing twelve months is around 2.43%, while ETLK.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ETLK.DE L&G Asia Pacific ex Japan 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% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 2.43% | 2.49% | 3.26% | 2.85% | 5.70% | 1.50% | 3.74% | 0.30% | 3.19% | 0.92% | 0.09% |
Frequently Asked Questions
XIEE.DE and ETLK.DE have a correlation of 0.69, 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 0.12% for XIEE.DE.
XIEE.DE is categorized as Europe Equities, while ETLK.DE is Asia Pacific Equities. XIEE.DE tracks MSCI Europe, 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: 0.12% for XIEE.DE and 0.10% for ETLK.DE.
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