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L&G New Energy Commodities UCITS ETF USD Acc (ETRA.L) Sharpe Ratio: 0.64

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

ETRA.L is a passive ETF by L&G tracking the investment results of the Solactive Energy Transition Commodity Total Return Index. ETRA.L launched on Apr 15, 2024 and has a 0.65% expense ratio.

ETRA.L's Sharpe Ratio of 0.64 indicates that for each unit of volatility, it generates 0.64 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 16, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

ETRA.L Sharpe Ratio Rank

ETRA.L Sharpe Ratio Rank: 21.722
Below Average

ETRA.L ranks above 21.7% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

ETRA.L Sharpe Ratio Market Positioning

The chart shows ETRA.L's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.75 or lower
  • Yellow zone (middle 50%): 0.75 to 1.92
  • Green zone (top 25%): 1.92 or higher
  • Top 1%: 6.52+
  • Median: 1.42 — half of all investments score higher

How it compares to other similar ETFs

The table compares L&G New Energy Commodities UCITS ETF USD Acc's Sharpe Ratio with other ETFs in the Commodities category across multiple time periods, showing how ETRA.L's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 16, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
WCOM.LWisdomTree Enhanced Commodity UCITS ETF GBP Hedged Acc2.12
ROLL.LiShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF2.10
UC90.LUBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc2.09
ROLG.LiShares Bloomberg Roll Select Commodity Swap UCITS ETF USD2.02
WCOB.LWisdomTree Enhanced Commodity UCITS ETF USD Acc1.96
CXAP.LUBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc1.92
UC15.LUBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc1.91
WCOG.LWisdomTree Enhanced Commodity UCITS ETF USD1.91
UD06.LUBS ETF (IE) Bloomberg Commodity CMCI SF UCITS ETF (hedged to GBP) A-acc1.90
UD08.LUBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc1.87
ETRA.LL&G New Energy Commodities UCITS ETF USD Acc0.64

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows ETRA.L's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when ETRA.L consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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