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L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) Alternatives

ETF · Currency in EUR · Last updated Jul 16, 2026

ETL2.DE is a passive ETF by Legal & General tracking the investment results of the Bloomberg Commodity 3 Month Forward. ETL2.DE launched on Mar 15, 2010 and has a 0.30% expense ratio.

L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) belongs to the Commodities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ETL2.DE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to ETL2.DE

ETL2.DE charges 0.30% annually. There are 7 ETFs in the Commodities category with lower expense ratios, going as low as 0.15%.

SymbolNameExpense RatioAUMInception
ETLF.DE
L&G All Commodities UCITS ETF0.15%—Jul 2017ETL2.DE vs ETLF.DE
SXRS.DE
iShares Diversified Commodity Swap UCITS ETF0.19%—Jul 2017ETL2.DE vs SXRS.DE
XCMC.DE
Xtrackers Bloomberg Commodity Swap UCITS ETF 1C0.19%—Nov 2021ETL2.DE vs XCMC.DE
XAAG.DE
Invesco Bloomberg Commodity ex-Agriculture UCITS E...0.19%—May 2017ETL2.DE vs XAAG.DE
PCOM.DE
WisdomTree Broad Commodities UCITS ETF0.19%—Nov 2021ETL2.DE vs PCOM.DE

Best Risk-Adjusted Alternatives to ETL2.DE

ETL2.DE has a PortfoliosLab risk / return rank of 63. There are 8 ETFs in the Commodities category with higher risk-adjusted ranks, going as high as 77.

SymbolNameRisk / Return RankAUMInception
WTIC.DE
WisdomTree Enhanced Commodity UCITS ETF USD Acc
77
—Apr 2016ETL2.DE vs WTIC.DE
UIQK.DE
UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-a...
77
—Dec 2010ETL2.DE vs UIQK.DE
UEQU.DE
UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD...
76
—Mar 2016ETL2.DE vs UEQU.DE
LYTR.DE
Amundi Bloomberg Equal-Weight Commodity Ex-Agricul...
73
—Feb 2019ETL2.DE vs LYTR.DE
WTEH.DE
WisdomTree Enhanced Commodity UCITS ETF (EUR Hedge...
67
—Aug 2018ETL2.DE vs WTEH.DE

Top Performing ETL2.DE Alternatives (YTD)

ETL2.DE is at 16.43% YTD. There are 15 ETFs in the Commodities category with higher YTD returns, going as high as 29.90%.

SymbolNameYTD ReturnAUMInception
M9SA.DE
Market Access Rogers International Commodity UCITS...
29.90%
—May 2006ETL2.DE vs M9SA.DE
WTIC.DE
WisdomTree Enhanced Commodity UCITS ETF USD Acc
26.95%
—Apr 2016ETL2.DE vs WTIC.DE
XCMC.DE
Xtrackers Bloomberg Commodity Swap UCITS ETF 1C
26.44%
—Nov 2021ETL2.DE vs XCMC.DE
UIQK.DE
UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-a...
23.40%
—Dec 2010ETL2.DE vs UIQK.DE
WTEH.DE
WisdomTree Enhanced Commodity UCITS ETF (EUR Hedge...
22.81%
—Aug 2018ETL2.DE vs WTEH.DE

Lowest Volatility Alternatives to ETL2.DE

ETL2.DE has 14.97% 1-year volatility. There are 3 ETFs in the Commodities category with lower 1-year volatility, going as low as 14.07%.

SymbolNameVolatility 1YAUMInception
BCFU.DE
UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ET...14.07%—May 2017ETL2.DE vs BCFU.DE
BCFE.DE
UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ET...14.50%—May 2017ETL2.DE vs BCFE.DE
UIQK.DE
UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-a...14.75%—Dec 2010ETL2.DE vs UIQK.DE
UIQ1.DE
UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (EUR...15.53%—May 2016ETL2.DE vs UIQ1.DE
UEQU.DE
UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD...15.73%—Mar 2016ETL2.DE vs UEQU.DE

Lowest Drawdown Alternatives to ETL2.DE

ETL2.DE has a 1-year max drawdown of -9.78%. There are 3 ETFs in the Commodities category with shallower 1-year drawdowns, going as shallow as -7.77%.

SymbolNameMax Drawdown 1YAUMInception
UIQK.DE
UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-a...
-7.77%
—Dec 2010ETL2.DE vs UIQK.DE
XCMC.DE
Xtrackers Bloomberg Commodity Swap UCITS ETF 1C
-9.66%
—Nov 2021ETL2.DE vs XCMC.DE
ENTR.DE
L&G New Energy Commodities UCITS ETF USD Accumulat...
-9.72%
—Apr 2024ETL2.DE vs ENTR.DE
UEQU.DE
UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD...
-9.84%
—Mar 2016ETL2.DE vs UEQU.DE
EN4C.DE
L&G Multi-Strategy Enhanced Commodities UCITS ETF
-11.27%
—Jul 2021ETL2.DE vs EN4C.DE

Other ETFs from Legal & General

The 10 most viewed Legal & General ETFs shown here include LGGE.DE, XMLD.DE, USPY.DE and span 9 categories.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
LGGE.DE
L&G Quality Equity Dividends ESG Exclusions Europe...Europe Equities
89
15.16%
—Apr 2021ETL2.DE vs LGGE.DE
XMLD.DE
L&G Artificial Intelligence UCITS ETFTechnology Equities
80
38.82%
—Jun 2019ETL2.DE vs XMLD.DE
USPY.DE
L&G Cyber Security UCITS ETFTechnology Equities
58
50.00%
—Sep 2015ETL2.DE vs USPY.DE
RENW.DE
L&G Clean Energy UCITS ETFEnergy Equities
79
28.63%
—Nov 2020ETL2.DE vs RENW.DE
ETLX.DE
L&G Gold Mining UCITS ETFGold, Precious Metals
33
-14.61%
—Sep 2008ETL2.DE vs ETLX.DE
XMLC.DE
L&G Clean Water UCITS ETFWater Equities
21
6.19%
—Jun 2019ETL2.DE vs XMLC.DE
IROB.DE
L&G ROBO Global Robotics and Automation UCITS ETFTechnology Equities
57
18.61%
—Oct 2014ETL2.DE vs IROB.DE
ETLK.DE
L&G Asia Pacific ex Japan Equity UCITS ETFAsia Pacific Equities
50
11.20%
—Oct 2018ETL2.DE vs ETLK.DE
ETLQ.DE
L&G Global Equity UCITS ETFGlobal Equities
83
13.13%
—Nov 2018ETL2.DE vs ETLQ.DE
ETLR.DE
L&G Japan Equity UCITS ETFJapan Equities, Asia Pacific Equities
77
18.27%
—Oct 2018ETL2.DE vs ETLR.DE

Often Compared With ETL2.DE

Investors most often compare ETL2.DE with CMOD.L, IUSQ.DE, SPY. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.

SymbolNameCategoryRisk / Return RankYTD ReturnAUMInception
CMOD.L
Invesco Bloomberg Commodity UCITS ETFCommodities
58
20.12%
3.87BJan 2017ETL2.DE vs CMOD.L
IUSQ.DE
iShares MSCI ACWI UCITS ETF (Acc)Global Equities
86
14.11%
—Oct 2011ETL2.DE vs IUSQ.DE
SPY
State Street SPDR S&P 500 ETFS&P 500
70
11.28%
783.21BJan 1993ETL2.DE vs SPY
EMEH.DE
BNP Paribas Easy Energy & Metals Enhanced Roll UCI...Commodities
50
11.12%
—Sep 2017ETL2.DE vs EMEH.DE
XBCU.L
Xtrackers Bloomberg Commodity ex-Agriculture & Liv...Commodities
52
13.20%
755.71MApr 2010ETL2.DE vs XBCU.L
EXAG.DE
WisdomTree Enhanced Commodity ex-Agriculture UCITS...Commodities
56
15.12%
—Jul 2021ETL2.DE vs EXAG.DE
C099.DE
Amundi Bloomberg Equal-Weight Commodity Ex-Agricul...Commodities
62
16.88%
—Dec 2018ETL2.DE vs C099.DE
EXXY.DE
iShares Diversified Commodity Swap UCITS ETF (DE)Commodities
57
20.95%
—Aug 2007ETL2.DE vs EXXY.DE
BATE.DE
Legal & General Battery Value-Chain UCITS ETFLithium & Battery Metals, Alternative Energy Equities
78
11.53%
—Jan 2018ETL2.DE vs BATE.DE
CMOE.DE
Invesco Bloomberg Commodity UCITS ETF (EUR Hedged)...Commodities
50
16.95%
—Aug 2018ETL2.DE vs CMOE.DE
ES6Y.DE
L&G Emerging Cyber Security ESG Exclusions UCITS E...Technology Equities
76
65.40%
—Sep 2022ETL2.DE vs ES6Y.DE
ETLN.DE
L&G Europe ex UK Equity UCITS ETFEurope Equities
54
11.02%
—Nov 2018ETL2.DE vs ETLN.DE
HTMW.DE
Legal & General Hydrogen Economy UCITS ETFAlternative Energy Equities
68
31.05%
—Feb 2021ETL2.DE vs HTMW.DE
ENDH.DE
L&G ESG Emerging Markets Government Bond (USD) 0-5...Emerging Markets Bonds
33
0.27%
—May 2022ETL2.DE vs ENDH.DE
XSVT.DE
Xtrackers Bloomberg Commodity ex-Agriculture & Liv...Commodities
43
14.08%
—Apr 2010ETL2.DE vs XSVT.DE
AMEA.DE
Amundi MSCI Emerging Markets Asia UCITS ETF EURAsia Pacific Equities
74
25.96%
—Apr 2011ETL2.DE vs AMEA.DE
AMEL.DE
Amundi MSCI Emerging Markets Latin America UCITS E...Latin America Equities
78
16.26%
—Apr 2011ETL2.DE vs AMEL.DE
EXH9.DE
iShares STOXX Europe 600 Utilities UCITS ETF (DE)Utilities Equities
78
17.22%
—Jul 2002ETL2.DE vs EXH9.DE
ETLS.DE
L&G US Equity UCITS ETFLarge Cap Blend Equities
75
13.01%
—Oct 2018ETL2.DE vs ETLS.DE
ETLH.DE
L&G Ecommerce Logistics UCITS ETFTechnology Equities
18
4.20%
—Jan 2018ETL2.DE vs ETLH.DE

Compare ETL2.DE with Any Fund or Stock

Compare ETL2.DE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

 

Diversifiers

Pair ETL2.DE with funds that move differently

L&G Longer Dated All Commodities UCITS ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ETL2.DE.

Explore ETL2.DE Diversifiers