L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.L)
ENCG.L is a passive ETF by Legal & General tracking the investment results of the Barclays Backwardation Tilt Multi-Strategy Capped. ENCG.L launched on Jul 5, 2021 and has a 0.30% expense ratio.
ETF Info
| ISIN | IE00BFXR6159 |
|---|---|
| WKN | A2N4PW |
| Issuer | Legal & General |
| Inception Date | Jul 5, 2021 |
| Category | Commodities |
| Index Tracked | Barclays Backwardation Tilt Multi-Strategy Capped |
| Domicile | Ireland |
| Distribution Policy | Accumulating |
| Asset Class | Commodity |
Expense Ratio
ENCG.L has a high expense ratio of 0.30%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of £10,000 in L&G Multi-Strategy Enhanced Commodities UCITS ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
L&G Multi-Strategy Enhanced Commodities UCITS ETF had a return of 5.25% year-to-date (YTD) and 5.19% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 5.25% | 10.00% |
| 1 month | -4.09% | 2.41% |
| 6 months | -1.73% | 16.70% |
| 1 year | 5.19% | 26.85% |
| 5 years (annualized) | N/A | 12.81% |
| 10 years (annualized) | N/A | 10.84% |
Monthly Returns
The table below presents the monthly returns of ENCG.L, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.52% | -0.40% | 3.79% | 2.44% | 5.25% | ||||||||
| 2023 | 0.00% | -2.34% | -2.53% | -1.82% | -3.89% | 1.01% | 5.56% | 1.96% | 4.28% | -0.37% | -5.89% | -3.47% | -7.83% |
| 2022 | 7.50% | 7.60% | 13.93% | 11.34% | 4.39% | -6.48% | 3.77% | 4.67% | -5.10% | -2.57% | -1.57% | -2.42% | 38.17% |
| 2021 | 1.59% | 0.95% | 10.08% | 1.26% | -2.60% | 2.33% | 13.94% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ENCG.L is 23, indicating that it is in the bottom 23% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
ENCG.L (L&G Multi-Strategy Enhanced Commodities UCITS ETF)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.L) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the L&G Multi-Strategy Enhanced Commodities UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the L&G Multi-Strategy Enhanced Commodities UCITS ETF was 23.24%, occurring on Jan 8, 2024. The portfolio has not yet recovered.
The current L&G Multi-Strategy Enhanced Commodities UCITS ETF drawdown is 16.86%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.24% | Jun 9, 2022 | 399 | Jan 8, 2024 | — | — | — |
| -9.43% | Mar 9, 2022 | 6 | Mar 16, 2022 | 19 | Apr 12, 2022 | 25 |
| -7.73% | Nov 26, 2021 | 5 | Dec 2, 2021 | 32 | Jan 20, 2022 | 37 |
| -5.7% | May 9, 2022 | 2 | May 10, 2022 | 12 | May 26, 2022 | 14 |
| -4.74% | Feb 25, 2022 | 1 | Feb 25, 2022 | 2 | Mar 1, 2022 | 3 |
Volatility
Volatility Chart
The current L&G Multi-Strategy Enhanced Commodities UCITS ETF volatility is 3.04%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.