XZMU.DE vs. ETLS.DE
XZMU.DE (Xtrackers MSCI USA ESG UCITS ETF 1C) and ETLS.DE (L&G US Equity UCITS ETF) are both Large Cap Blend Equities funds - XZMU.DE tracks the MSCI USA Low Carbon SRI Leaders while ETLS.DE tracks the Solactive Core United States Large & Mid Cap. Both are passively managed. Over the past 5 years, XZMU.DE returned 14.63%/yr vs 14.64%/yr for ETLS.DE. With a 0.95 correlation, they move nearly in lockstep. XZMU.DE charges 0.15%/yr vs 0.05%/yr for ETLS.DE.
Performance
XZMU.DE vs. ETLS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZMU.DE achieves a 8.21% return, which is significantly lower than ETLS.DE's 11.28% return.
XZMU.DE
- 1D
- 0.69%
- 1M
- 3.83%
- YTD
- 8.21%
- 6M
- 8.42%
- 1Y
- 23.33%
- 3Y*
- 18.71%
- 5Y*
- 14.63%
- 10Y*
- —
ETLS.DE
- 1D
- -0.11%
- 1M
- 4.61%
- YTD
- 11.28%
- 6M
- 10.60%
- 1Y
- 25.37%
- 3Y*
- 19.26%
- 5Y*
- 14.64%
- 10Y*
- —
XZMU.DE vs. ETLS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XZMU.DE Xtrackers MSCI USA ESG UCITS ETF 1C | 8.21% | 5.12% | 32.57% | 26.56% | -17.86% | 45.90% | 9.13% | 29.52% |
ETLS.DE L&G US Equity UCITS ETF | 11.28% | 5.06% | 32.53% | 24.21% | -16.00% | 38.89% | 10.12% | 27.92% |
Correlation
The correlation between XZMU.DE and ETLS.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2019 | 0.95 |
The correlation between XZMU.DE and ETLS.DE has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
XZMU.DE vs. ETLS.DE — Risk / Return Rank
XZMU.DE
ETLS.DE
XZMU.DE vs. ETLS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI USA ESG UCITS ETF 1C (XZMU.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.
| XZMU.DE | ETLS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.41 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 3.37 | -1.22 |
| Martin ratioReturn relative to average drawdown | 7.62 | 12.00 | -4.37 |
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
| XZMU.DE | ETLS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 2.21 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.94 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.98 | -0.04 |
Drawdowns
XZMU.DE vs. ETLS.DE - Drawdown Comparison
The maximum XZMU.DE drawdown since its inception was -33.82%, roughly equal to the maximum ETLS.DE drawdown of -33.98%. Use the drawdown chart below to compare losses from any high point for XZMU.DE and ETLS.DE.
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Drawdown Indicators
| XZMU.DE | ETLS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.82% | -33.98% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.82% | -7.57% | -3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -24.76% | -23.68% | -1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -24.76% | -23.68% | -1.08% |
Current DrawdownCurrent decline from peak | -0.48% | -0.45% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -4.63% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.13% | +0.94% |
Volatility
XZMU.DE vs. ETLS.DE - Volatility Comparison
Xtrackers MSCI USA ESG UCITS ETF 1C (XZMU.DE) has a higher volatility of 3.08% compared to L&G US Equity UCITS ETF (ETLS.DE) at 2.76%. This indicates that XZMU.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
| XZMU.DE | ETLS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.76% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.87% | 7.67% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 11.54% | +1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 15.45% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.89% | 17.17% | +0.72% |
XZMU.DE vs. ETLS.DE - Expense Ratio Comparison
XZMU.DE has a 0.15% 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
XZMU.DE vs. ETLS.DE - Dividend Comparison
Neither XZMU.DE nor ETLS.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, XZMU.DE and ETLS.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.15% for XZMU.DE.
XZMU.DE tracks MSCI USA Low Carbon SRI Leaders, 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: 0.15% for XZMU.DE and 0.05% for ETLS.DE.
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