DTEC vs. ENCG.L

Last updated Jun 4, 2026

DTEC (ALPS Disruptive Technologies ETF) and ENCG.L (L&G Multi-Strategy Enhanced Commodities UCITS ETF) are both exchange-traded funds - DTEC is a Technology Equities fund tracking the Indxx Disruptive Technologies Index, while ENCG.L is a Commodities fund tracking the Barclays Backwardation Tilt Multi-Strategy Capped. Both are passively managed. Over the past 3 years, DTEC returned 9.62%/yr vs 13.61%/yr for ENCG.L. At a 0.10 correlation, their price movements are largely independent. DTEC charges 0.50%/yr vs 0.30%/yr for ENCG.L.

Performance

DTEC vs. ENCG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ALPS Disruptive Technologies ETF (DTEC) and L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DTEC is traded in USD, while ENCG.L is traded in GBp. To make them comparable, the ENCG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DTEC achieves a 3.04% return, which is significantly lower than ENCG.L's 25.91% return.

DTEC

• 1D: -2.82%
• 1M: 7.50%
• YTD: 3.04%
• 6M: 1.62%
• 1Y: 5.25%
• 3Y*: 9.62%
• 5Y*: 1.86%
• 10Y*: —

ENCG.L

• 1D: 0.50%
• 1M: -0.20%
• YTD: 25.91%
• 6M: 25.11%
• 1Y: 34.65%
• 3Y*: 13.61%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DTEC vs. ENCG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DTEC ALPS Disruptive Technologies ETF	3.04%	7.21%	9.89%	25.03%	-31.29%	0.70%
ENCG.L L&G Multi-Strategy Enhanced Commodities UCITS ETF	25.91%	8.50%	3.63%	-2.97%	23.40%	13.20%

Correlation

The correlation between DTEC and ENCG.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (All Time) Calculated using the full available price history since Jul 21, 2021	0.10

The correlation between DTEC and ENCG.L shifts across timeframes, from -0.02 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.

DTEC vs. ENCG.L - Sectors Allocation Comparison

Sectors	DTEC	ENCG.L
Technology	60.0%	-
Industrials	13.7%	-
Healthcare	10.4%	-
Financial Services	8.5%	-
Energy	3.5%	-
Utilities	3.1%	-
Communication Services	2.2%	-
Real Estate	1.1%	-3.5%
Consumer Cyclical	1.0%	-
Basic Materials	-	-
Consumer Defensive	-	-

Return for Risk

DTEC vs. ENCG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DTEC

DTEC Risk / Return Rank: 12
DTEC Sharpe Ratio Rank: 13
DTEC Sortino Ratio Rank: 12
DTEC Omega Ratio Rank: 12
DTEC Calmar Ratio Rank: 12
DTEC Martin Ratio Rank: 12

ENCG.L

ENCG.L Risk / Return Rank: 63
ENCG.L Sharpe Ratio Rank: 60
ENCG.L Sortino Ratio Rank: 53
ENCG.L Omega Ratio Rank: 59
ENCG.L Calmar Ratio Rank: 81
ENCG.L Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DTEC vs. ENCG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ALPS Disruptive Technologies ETF (DTEC) and L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.L). 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.

	DTEC	ENCG.L	Difference
Sharpe ratio Return per unit of total volatility	0.29	2.09	-1.80
Sortino ratio Return per unit of downside risk	0.52	2.65	-2.13
Omega ratio Gain probability vs. loss probability	1.06	1.37	-0.31
Calmar ratio Return relative to maximum drawdown	0.26	5.32	-5.06
Martin ratio Return relative to average drawdown	0.60	12.13	-11.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DTEC vs. ENCG.L - Sharpe Ratio Comparison

The current DTEC Sharpe Ratio is 0.29, which is lower than the ENCG.L Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of DTEC and ENCG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DTEC	ENCG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	2.09	-1.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.78	-0.40

Drawdowns

DTEC vs. ENCG.L - Drawdown Comparison

The maximum DTEC drawdown since its inception was -42.00%, which is greater than ENCG.L's maximum drawdown of -23.60%. Use the drawdown chart below to compare losses from any high point for DTEC and ENCG.L.

Drawdown Indicators

	DTEC	ENCG.L	Difference
Max Drawdown Largest peak-to-trough decline	-42.00%	-23.60%	-18.40%
Max Drawdown (1Y) Largest decline over 1 year	-20.31%	-6.49%	-13.82%
Max Drawdown (3Y) Largest decline over 3 years	-21.47%	-12.41%	-9.06%
Max Drawdown (5Y) Largest decline over 5 years	-42.00%	—	—
Current Drawdown Current decline from peak	-5.09%	-2.96%	-2.13%
Average Drawdown Average peak-to-trough decline	-13.31%	-12.38%	-0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.71%	2.85%	+5.86%

Volatility

DTEC vs. ENCG.L - Volatility Comparison

ALPS Disruptive Technologies ETF (DTEC) and L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.L) have volatilities of 6.58% and 6.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DTEC	ENCG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.58%	6.34%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	14.30%	13.79%	+0.51%
Volatility (1Y) Calculated over the trailing 1-year period	18.33%	16.51%	+1.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.07%	18.40%	+3.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.89%	18.40%	+4.49%

DTEC vs. ENCG.L - Expense Ratio Comparison

DTEC has a 0.50% expense ratio, which is higher than ENCG.L's 0.30% expense ratio.

Dividends

DTEC vs. ENCG.L - Dividend Comparison

DTEC's dividend yield for the trailing twelve months is around 0.04%, while ENCG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DTEC ALPS Disruptive Technologies ETF	0.04%	0.04%	0.45%	0.27%	0.02%	0.26%	0.37%	0.43%	0.33%
ENCG.L L&G Multi-Strategy Enhanced Commodities UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DTEC and ENCG.L in my portfolio?

DTEC and ENCG.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DTEC or ENCG.L?

On fees, ENCG.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DTEC or ENCG.L?

ENCG.L is cheaper with a 0.30% expense ratio, compared with 0.50% for DTEC.

What is the main difference between DTEC and ENCG.L?

DTEC is categorized as Technology Equities, while ENCG.L is Commodities. DTEC tracks Indxx Disruptive Technologies Index, while ENCG.L tracks Barclays Backwardation Tilt Multi-Strategy Capped. They also come from different issuers: SS&C and Legal & General. Their fees differ too: 0.50% for DTEC and 0.30% for ENCG.L.