EN4C.DE vs. ENTR.DE
EN4C.DE (L&G Multi-Strategy Enhanced Commodities UCITS ETF) and ENTR.DE (L&G New Energy Commodities UCITS ETF USD Accumulating) are both Commodities funds from Legal & General - EN4C.DE tracks the Barclays Backwardation Tilt Multi-Strategy Capped while ENTR.DE tracks the Solactive Energy Transition Commodity. Both are passively managed. Over the past year, EN4C.DE returned 29.56% vs 36.69% for ENTR.DE. A 0.51 correlation means they provide meaningful diversification when combined. EN4C.DE charges 0.30%/yr vs 0.65%/yr for ENTR.DE.
Performance
EN4C.DE vs. ENTR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EN4C.DE achieves a 24.44% return, which is significantly higher than ENTR.DE's 12.78% return.
EN4C.DE
- 1D
- -1.57%
- 1M
- 0.45%
- YTD
- 24.44%
- 6M
- 23.08%
- 1Y
- 29.56%
- 3Y*
- 9.70%
- 5Y*
- —
- 10Y*
- —
ENTR.DE
- 1D
- -0.84%
- 1M
- 0.87%
- YTD
- 12.78%
- 6M
- 22.77%
- 1Y
- 36.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EN4C.DE vs. ENTR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EN4C.DE L&G Multi-Strategy Enhanced Commodities UCITS ETF | 24.44% | -3.13% | 0.06% |
ENTR.DE L&G New Energy Commodities UCITS ETF USD Accumulating | 12.78% | 17.08% | -0.06% |
Correlation
The correlation between EN4C.DE and ENTR.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2024 | 0.51 |
The correlation between EN4C.DE and ENTR.DE has been stable across timeframes, ranging from 0.47 to 0.51 - a consistent structural relationship.
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Return for Risk
EN4C.DE vs. ENTR.DE — Risk / Return Rank
EN4C.DE
ENTR.DE
EN4C.DE vs. ENTR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.DE) and L&G New Energy Commodities UCITS ETF USD Accumulating (ENTR.DE). 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.
| EN4C.DE | ENTR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.41 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 3.86 | -0.42 |
| Martin ratioReturn relative to average drawdown | 8.36 | 13.56 | -5.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EN4C.DE | ENTR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 2.27 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.92 | -0.20 |
Drawdowns
EN4C.DE vs. ENTR.DE - Drawdown Comparison
The maximum EN4C.DE drawdown since its inception was -25.41%, which is greater than ENTR.DE's maximum drawdown of -14.17%. Use the drawdown chart below to compare losses from any high point for EN4C.DE and ENTR.DE.
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Drawdown Indicators
| EN4C.DE | ENTR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.41% | -14.17% | -11.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -9.72% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -17.63% | — | — |
Current DrawdownCurrent decline from peak | -4.02% | -2.59% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -13.89% | -5.85% | -8.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 2.77% | +0.87% |
Volatility
EN4C.DE vs. ENTR.DE - Volatility Comparison
L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.DE) has a higher volatility of 5.98% compared to L&G New Energy Commodities UCITS ETF USD Accumulating (ENTR.DE) at 4.62%. This indicates that EN4C.DE's price experiences larger fluctuations and is considered to be riskier than ENTR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EN4C.DE | ENTR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 4.62% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 13.78% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.98% | 16.50% | +1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.11% | 15.02% | +3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 15.02% | +3.09% |
EN4C.DE vs. ENTR.DE - Expense Ratio Comparison
EN4C.DE has a 0.30% expense ratio, which is lower than ENTR.DE's 0.65% expense ratio.
Dividends
EN4C.DE vs. ENTR.DE - Dividend Comparison
Neither EN4C.DE nor ENTR.DE has paid dividends to shareholders.
Frequently Asked Questions
EN4C.DE and ENTR.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EN4C.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EN4C.DE is cheaper with a 0.30% expense ratio, compared with 0.65% for ENTR.DE.
EN4C.DE tracks Barclays Backwardation Tilt Multi-Strategy Capped, while ENTR.DE tracks Solactive Energy Transition Commodity. Their fees differ too: 0.30% for EN4C.DE and 0.65% for ENTR.DE.
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