XRS2.DE vs. ETLZ.DE
XRS2.DE (Xtrackers Russell 2000 UCITS ETF 1C) and ETLZ.DE (L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc) are both Small Cap Blend Equities funds - XRS2.DE tracks the Russell 2000® while ETLZ.DE tracks the Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index. Both are passively managed. Over the past 10 years, XRS2.DE returned 10.10%/yr vs 10.91%/yr for ETLZ.DE. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.30% expense ratio.
Performance
XRS2.DE vs. ETLZ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XRS2.DE having a 22.30% return and ETLZ.DE slightly higher at 23.04%. Over the past 10 years, XRS2.DE has underperformed ETLZ.DE with an annualized return of 10.10%, while ETLZ.DE has yielded a comparatively higher 10.91% annualized return.
XRS2.DE
- 1D
- 0.40%
- 1M
- 2.81%
- 6M
- 13.64%
- YTD
- 22.30%
- 1Y
- 40.91%
- 3Y*
- 15.64%
- 5Y*
- 8.06%
- 10Y*
- 10.10%
ETLZ.DE
- 1D
- 0.74%
- 1M
- 3.46%
- 6M
- 14.71%
- YTD
- 23.04%
- 1Y
- 39.69%
- 3Y*
- 15.43%
- 5Y*
- 9.31%
- 10Y*
- 10.91%
XRS2.DE vs. ETLZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XRS2.DE Xtrackers Russell 2000 UCITS ETF 1C | 22.30% | 1.29% | 15.81% | 14.81% | -16.50% | 24.61% | 8.18% | 28.79% | -9.05% | 0.53% |
ETLZ.DE L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc | 23.04% | 0.32% | 15.12% | 16.03% | -14.22% | 30.61% | 8.11% | 28.84% | -9.27% | 0.58% |
Correlation
The correlation between XRS2.DE and ETLZ.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2015 | 0.97 |
The correlation between XRS2.DE and ETLZ.DE shifts across timeframes, from 0.78 (1 year) to 0.97 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
XRS2.DE vs. ETLZ.DE — Risk / Return Rank
XRS2.DE
ETLZ.DE
XRS2.DE vs. ETLZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Russell 2000 UCITS ETF 1C (XRS2.DE) and L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (ETLZ.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.
| XRS2.DE | ETLZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.41 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | 5.61 | -1.20 |
| Martin ratioReturn relative to average drawdown | 14.79 | 16.79 | -2.00 |
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Drawdowns
XRS2.DE vs. ETLZ.DE - Drawdown Comparison
The maximum XRS2.DE drawdown since its inception was -41.13%, smaller than the maximum ETLZ.DE drawdown of -58.36%. Use the drawdown chart below to compare losses from any high point for XRS2.DE and ETLZ.DE.
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Drawdown Indicators
| XRS2.DE | ETLZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.13% | -58.36% | +17.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.23% | -7.04% | -2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -32.77% | -31.34% | -1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -32.77% | -31.34% | -1.43% |
Max Drawdown (10Y)Largest decline over 10 years | -41.13% | -41.01% | -0.12% |
Current DrawdownCurrent decline from peak | -2.18% | -0.92% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -10.84% | -10.71% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.35% | +0.41% |
Volatility
XRS2.DE vs. ETLZ.DE - Volatility Comparison
Xtrackers Russell 2000 UCITS ETF 1C (XRS2.DE) has a higher volatility of 4.51% compared to L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (ETLZ.DE) at 4.19%. This indicates that XRS2.DE's price experiences larger fluctuations and is considered to be riskier than ETLZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XRS2.DE | ETLZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 4.19% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 13.69% | 11.21% | +2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.43% | 16.56% | +2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.25% | 19.97% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.35% | 21.00% | +1.35% |
XRS2.DE vs. ETLZ.DE - Expense Ratio Comparison
Both XRS2.DE and ETLZ.DE have an expense ratio of 0.30%.
Dividends
XRS2.DE vs. ETLZ.DE - Dividend Comparison
Neither XRS2.DE nor ETLZ.DE has paid dividends to shareholders.
Frequently Asked Questions
XRS2.DE and ETLZ.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XRS2.DE and ETLZ.DE have the same expense ratio: 0.30% per year.
XRS2.DE tracks Russell 2000®, while ETLZ.DE tracks Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index. They also come from different issuers: Xtrackers and L&G.
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