EN4C.DE vs. LGGA.DE
EN4C.DE (L&G Multi-Strategy Enhanced Commodities UCITS ETF) and LGGA.DE (L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF) are both exchange-traded funds - EN4C.DE is a Commodities fund tracking the Barclays Backwardation Tilt Multi-Strategy Capped, while LGGA.DE is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific ex Japan All Cap ex CW ex TC ex REITS Dividend Growth with Quality. Both are passively managed. Over the past 3 years, EN4C.DE returned 9.70%/yr vs 18.10%/yr for LGGA.DE. At a 0.20 correlation, their price movements are largely independent. EN4C.DE charges 0.30%/yr vs 0.40%/yr for LGGA.DE.
Performance
EN4C.DE vs. LGGA.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 LGGA.DE's 17.67% return.
EN4C.DE
- 1D
- -1.57%
- 1M
- 0.45%
- YTD
- 24.44%
- 6M
- 23.08%
- 1Y
- 29.56%
- 3Y*
- 9.70%
- 5Y*
- —
- 10Y*
- —
LGGA.DE
- 1D
- -0.60%
- 1M
- -0.05%
- YTD
- 17.67%
- 6M
- 16.95%
- 1Y
- 33.58%
- 3Y*
- 18.10%
- 5Y*
- —
- 10Y*
- —
EN4C.DE vs. LGGA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EN4C.DE L&G Multi-Strategy Enhanced Commodities UCITS ETF | 24.44% | -3.13% | 9.93% | -5.63% | 29.83% | 10.18% |
LGGA.DE L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF | 17.67% | 21.16% | 9.89% | 5.48% | -3.83% | 4.31% |
Correlation
The correlation between EN4C.DE and LGGA.DE is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.20 |
The correlation between EN4C.DE and LGGA.DE shifts across timeframes, from -0.06 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EN4C.DE vs. LGGA.DE — Risk / Return Rank
EN4C.DE
LGGA.DE
EN4C.DE vs. LGGA.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 Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LGGA.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 | LGGA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 3.91 | -0.47 |
| Martin ratioReturn relative to average drawdown | 8.36 | 11.16 | -2.80 |
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 | LGGA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 2.39 | -0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.73 | -0.01 |
Drawdowns
EN4C.DE vs. LGGA.DE - Drawdown Comparison
The maximum EN4C.DE drawdown since its inception was -25.41%, which is greater than LGGA.DE's maximum drawdown of -17.88%. Use the drawdown chart below to compare losses from any high point for EN4C.DE and LGGA.DE.
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Drawdown Indicators
| EN4C.DE | LGGA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.41% | -17.88% | -7.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -8.87% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -17.63% | -17.88% | +0.25% |
Current DrawdownCurrent decline from peak | -4.02% | -1.58% | -2.44% |
Average DrawdownAverage peak-to-trough decline | -13.89% | -4.82% | -9.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 3.12% | +0.52% |
Volatility
EN4C.DE vs. LGGA.DE - Volatility Comparison
L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.DE) has a higher volatility of 5.98% compared to L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LGGA.DE) at 4.89%. This indicates that EN4C.DE's price experiences larger fluctuations and is considered to be riskier than LGGA.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 | LGGA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 4.89% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 11.17% | +3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.98% | 14.58% | +3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.11% | 13.77% | +4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 13.77% | +4.34% |
EN4C.DE vs. LGGA.DE - Expense Ratio Comparison
EN4C.DE has a 0.30% expense ratio, which is lower than LGGA.DE's 0.40% expense ratio.
Dividends
EN4C.DE vs. LGGA.DE - Dividend Comparison
EN4C.DE has not paid dividends to shareholders, while LGGA.DE's dividend yield for the trailing twelve months is around 3.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EN4C.DE L&G Multi-Strategy Enhanced Commodities UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LGGA.DE L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF | 3.76% | 4.29% | 4.70% | 5.40% | 4.98% | 1.60% |
Frequently Asked Questions
EN4C.DE and LGGA.DE have a correlation of -0.06, 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 0.40% for LGGA.DE.
EN4C.DE is categorized as Commodities, while LGGA.DE is Asia Pacific Equities. EN4C.DE tracks Barclays Backwardation Tilt Multi-Strategy Capped, while LGGA.DE tracks FTSE Developed Asia Pacific ex Japan All Cap ex CW ex TC ex REITS Dividend Growth with Quality. Their fees differ too: 0.30% for EN4C.DE and 0.40% for LGGA.DE.
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