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

ETF · Currency in EUR · Last updated Jun 26, 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
PCOM.DE
WisdomTree Broad Commodities UCITS ETF0.19%—Nov 2021ETL2.DE vs PCOM.DE
XAAG.DE
Invesco Bloomberg Commodity ex-Agriculture UCITS E...0.19%—May 2017ETL2.DE vs XAAG.DE

Best Risk-Adjusted Alternatives to ETL2.DE

ETL2.DE has a PortfoliosLab risk / return rank of 52. There are 8 ETFs in the Commodities category with higher risk-adjusted ranks, going as high as 71.

SymbolNameRisk / Return RankAUMInception
UEQU.DE
UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD...
71
—Mar 2016ETL2.DE vs UEQU.DE
LYTR.DE
Amundi Bloomberg Equal-Weight Commodity Ex-Agricul...
69
—Feb 2019ETL2.DE vs LYTR.DE
ENTR.DE
L&G New Energy Commodities UCITS ETF USD Accumulat...
64
—Apr 2024ETL2.DE vs ENTR.DE
WTIC.DE
WisdomTree Enhanced Commodity UCITS ETF USD Acc
63
—Apr 2016ETL2.DE vs WTIC.DE
GSDE.DE
BNP Paribas Easy Energy & Metals Enhanced Roll UCI...
59
—Apr 2016ETL2.DE vs GSDE.DE

Top Performing ETL2.DE Alternatives (YTD)

ETL2.DE is at 11.73% YTD. There are 16 ETFs in the Commodities category with higher YTD returns, going as high as 23.17%.

SymbolNameYTD ReturnAUMInception
M9SA.DE
Market Access Rogers International Commodity UCITS...
23.17%
—May 2006ETL2.DE vs M9SA.DE
XCMC.DE
Xtrackers Bloomberg Commodity Swap UCITS ETF 1C
20.91%
—Nov 2021ETL2.DE vs XCMC.DE
WTIC.DE
WisdomTree Enhanced Commodity UCITS ETF USD Acc
20.71%
—Apr 2016ETL2.DE vs WTIC.DE
LYTR.DE
Amundi Bloomberg Equal-Weight Commodity Ex-Agricul...
18.70%
—Feb 2019ETL2.DE vs LYTR.DE
UIQK.DE
UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-a...
17.07%
—Dec 2010ETL2.DE vs UIQK.DE

Lowest Volatility Alternatives to ETL2.DE

ETL2.DE has 14.79% 1-year volatility. There are 3 ETFs in the Commodities category with lower 1-year volatility, going as low as 13.98%.

SymbolNameVolatility 1YAUMInception
BCFU.DE
UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ET...13.98%—May 2017ETL2.DE vs BCFU.DE
BCFE.DE
UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ET...14.40%—May 2017ETL2.DE vs BCFE.DE
UIQK.DE
UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-a...14.55%—Dec 2010ETL2.DE vs UIQK.DE
UIQ1.DE
UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (EUR...15.40%—May 2016ETL2.DE vs UIQ1.DE
UEQU.DE
UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD...15.51%—Mar 2016ETL2.DE vs UEQU.DE

Lowest Drawdown Alternatives to ETL2.DE

ETL2.DE has a 1-year max drawdown of -9.25%. There are 3 ETFs in the Commodities category with shallower 1-year drawdowns, going as shallow as -7.72%.

SymbolNameMax Drawdown 1YAUMInception
UIQK.DE
UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-a...
-7.72%
—Dec 2010ETL2.DE vs UIQK.DE
UEQU.DE
UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD...
-8.95%
—Mar 2016ETL2.DE vs UEQU.DE
XCMC.DE
Xtrackers Bloomberg Commodity Swap UCITS ETF 1C
-9.13%
—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
EN4C.DE
L&G Multi-Strategy Enhanced Commodities UCITS ETF
-10.77%
—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
85
12.88%
—Apr 2021ETL2.DE vs LGGE.DE
XMLD.DE
L&G Artificial Intelligence UCITS ETFTechnology Equities
77
37.67%
—Jun 2019ETL2.DE vs XMLD.DE
USPY.DE
L&G Cyber Security UCITS ETFTechnology Equities
31
34.15%
—Sep 2015ETL2.DE vs USPY.DE
RENW.DE
L&G Clean Energy UCITS ETFEnergy Equities
92
35.68%
—Nov 2020ETL2.DE vs RENW.DE
ETLX.DE
L&G Gold Mining UCITS ETFGold, Precious Metals
33
-11.01%
—Sep 2008ETL2.DE vs ETLX.DE
XMLC.DE
L&G Clean Water UCITS ETFWater Equities
27
8.02%
—Jun 2019ETL2.DE vs XMLC.DE
IROB.DE
L&G ROBO Global Robotics and Automation UCITS ETFTechnology Equities
72
22.94%
—Oct 2014ETL2.DE vs IROB.DE
ETLK.DE
L&G Asia Pacific ex Japan Equity UCITS ETFAsia Pacific Equities
44
8.83%
—Oct 2018ETL2.DE vs ETLK.DE
ETLQ.DE
L&G Global Equity UCITS ETFGlobal Equities
79
10.95%
—Nov 2018ETL2.DE vs ETLQ.DE
ETLR.DE
L&G Japan Equity UCITS ETFJapan Equities
70
18.40%
—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
45
13.87%
4.03BJan 2017ETL2.DE vs CMOD.L
IUSQ.DE
iShares MSCI ACWI UCITS ETF (Acc)Global Equities
85
12.95%
—Oct 2011ETL2.DE vs IUSQ.DE
SPY
State Street SPDR S&P 500 ETFS&P 500
63
8.25%
765.27BJan 1993ETL2.DE vs SPY
EMEH.DE
BNP Paribas Easy Energy & Metals Enhanced Roll UCI...Commodities
45
8.21%
—Sep 2017ETL2.DE vs EMEH.DE
EXAG.DE
WisdomTree Enhanced Commodity ex-Agriculture UCITS...Commodities
48
9.74%
—Jul 2021ETL2.DE vs EXAG.DE
XBCU.L
Xtrackers Bloomberg Commodity ex-Agriculture & Liv...Commodities
51
10.72%
728.13MApr 2010ETL2.DE vs XBCU.L
C099.DE
Amundi Bloomberg Equal-Weight Commodity Ex-Agricul...Commodities
56
13.37%
—Dec 2018ETL2.DE vs C099.DE
EXXY.DE
iShares Diversified Commodity Swap UCITS ETF (DE)Commodities
46
15.12%
—Aug 2007ETL2.DE vs EXXY.DE
BATE.DE
Legal & General Battery Value-Chain UCITS ETFLithium & Battery Metals, Alternative Energy Equities
93
20.81%
—Jan 2018ETL2.DE vs BATE.DE
CMOE.DE
Invesco Bloomberg Commodity UCITS ETF (EUR Hedged)...Commodities
36
9.80%
—Aug 2018ETL2.DE vs CMOE.DE
ETLN.DE
L&G Europe ex UK Equity UCITS ETFEurope Equities
55
11.07%
—Nov 2018ETL2.DE vs ETLN.DE
ES6Y.DE
L&G Emerging Cyber Security ESG Exclusions UCITS E...Technology Equities
58
54.16%
—Sep 2022ETL2.DE vs ES6Y.DE
HTMW.DE
Legal & General Hydrogen Economy UCITS ETFAlternative Energy Equities
86
40.36%
—Feb 2021ETL2.DE vs HTMW.DE
ENDH.DE
L&G ESG Emerging Markets Government Bond (USD) 0-5...Emerging Markets Bonds
29
-0.08%
—May 2022ETL2.DE vs ENDH.DE
WTEH.DE
WisdomTree Enhanced Commodity UCITS ETF (EUR Hedge...Commodities
51
16.40%
—Aug 2018ETL2.DE vs WTEH.DE
XSVT.DE
Xtrackers Bloomberg Commodity ex-Agriculture & Liv...Commodities
39
10.76%
—Apr 2010ETL2.DE vs XSVT.DE
AMEA.DE
Amundi MSCI Emerging Markets Asia UCITS ETF EURAsia Pacific Equities
86
33.21%
—Apr 2011ETL2.DE vs AMEA.DE
ETLS.DE
L&G US Equity UCITS ETFLarge Cap Blend Equities
71
10.52%
—Oct 2018ETL2.DE vs ETLS.DE
EXH9.DE
iShares STOXX Europe 600 Utilities UCITS ETF (DE)Utilities Equities
67
16.58%
—Jul 2002ETL2.DE vs EXH9.DE
AMEL.DE
Amundi MSCI Emerging Markets Latin America UCITS E...Latin America Equities
65
13.45%
—Apr 2011ETL2.DE vs AMEL.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