EN4C.DE vs. WFC

Last updated Jun 5, 2026

EN4C.DE (L&G Multi-Strategy Enhanced Commodities UCITS ETF) is Commodities fund tracking the Barclays Backwardation Tilt Multi-Strategy Capped, while WFC (Wells Fargo & Company) is a stock. Over the past 3 years, EN4C.DE returned 9.70%/yr vs 25.71%/yr for WFC. At a 0.05 correlation, their price movements are largely independent.

Performance

EN4C.DE vs. WFC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.DE) and Wells Fargo & Company (WFC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EN4C.DE is traded in EUR, while WFC is traded in USD. To make them comparable, the WFC values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, EN4C.DE achieves a 24.44% return, which is significantly higher than WFC's -9.40% return.

EN4C.DE

• 1D: -1.57%
• 1M: 0.45%
• YTD: 24.44%
• 6M: 23.08%
• 1Y: 29.56%
• 3Y*: 9.70%
• 5Y*: —
• 10Y*: —

WFC

• 1D: 1.20%
• 1M: 4.50%
• YTD: -9.40%
• 6M: -6.84%
• 1Y: 11.06%
• 3Y*: 25.71%
• 5Y*: 15.75%
• 10Y*: 7.81%

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

EN4C.DE vs. WFC - 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%
WFC Wells Fargo & Company	-9.40%	19.48%	56.15%	19.25%	-6.46%	4.05%

Correlation

The correlation between EN4C.DE and WFC 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	0.02
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021	0.05

The correlation between EN4C.DE and WFC shifts across timeframes, from -0.06 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EN4C.DE vs. WFC — Risk / Return Rank

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

EN4C.DE

EN4C.DE Risk / Return Rank: 52
EN4C.DE Sharpe Ratio Rank: 50
EN4C.DE Sortino Ratio Rank: 45
EN4C.DE Omega Ratio Rank: 48
EN4C.DE Calmar Ratio Rank: 70
EN4C.DE Martin Ratio Rank: 50

WFC

WFC Risk / Return Rank: 52
WFC Sharpe Ratio Rank: 57
WFC Sortino Ratio Rank: 49
WFC Omega Ratio Rank: 49
WFC Calmar Ratio Rank: 54
WFC Martin Ratio Rank: 54

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.

EN4C.DE vs. WFC - 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 Wells Fargo & Company (WFC). 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	WFC	Difference
Sharpe ratio: Return per unit of total volatility	1.69	0.41	+1.28
Sortino ratio: Return per unit of downside risk	2.21	0.71	+1.50
Omega ratio: Gain probability vs. loss probability	1.29	1.09	+0.20
Calmar ratio: Return relative to maximum drawdown	3.44	0.47	+2.97
Martin ratio: Return relative to average drawdown	8.36	1.12	+7.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EN4C.DE vs. WFC - Sharpe Ratio Comparison

The current EN4C.DE Sharpe Ratio is 1.69, which is higher than the WFC Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of EN4C.DE and WFC, 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

	EN4C.DE	WFC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	0.41	+1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.24	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.20	+0.52

Drawdowns

EN4C.DE vs. WFC - Drawdown Comparison

The maximum EN4C.DE drawdown since its inception was -25.41%, smaller than the maximum WFC drawdown of -75.81%. Use the drawdown chart below to compare losses from any high point for EN4C.DE and WFC.

Drawdown Indicators

	EN4C.DE	WFC	Difference
Max Drawdown Largest peak-to-trough decline	-25.41%	-75.81%	+50.40%
Max Drawdown (1Y) Largest decline over 1 year	-8.81%	-23.47%	+14.66%
Max Drawdown (3Y) Largest decline over 3 years	-17.63%	-29.58%	+11.95%
Max Drawdown (5Y) Largest decline over 5 years	—	-33.37%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.95%	—
Current Drawdown Current decline from peak	-4.02%	-12.83%	+8.81%
Average Drawdown Average peak-to-trough decline	-13.89%	-16.70%	+2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.64%	9.91%	-6.27%

Volatility

EN4C.DE vs. WFC - Volatility Comparison

The current volatility for L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.DE) is 5.98%, while Wells Fargo & Company (WFC) has a volatility of 8.80%. This indicates that EN4C.DE experiences smaller price fluctuations and is considered to be less risky than WFC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EN4C.DE	WFC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.98%	8.80%	-2.82%
Volatility (6M) Calculated over the trailing 6-month period	14.54%	19.78%	-5.24%
Volatility (1Y) Calculated over the trailing 1-year period	17.98%	26.90%	-8.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.11%	30.21%	-12.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.11%	32.62%	-14.51%

Dividends

EN4C.DE vs. WFC - Dividend Comparison

EN4C.DE has not paid dividends to shareholders, while WFC's dividend yield for the trailing twelve months is around 2.20%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EN4C.DE 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%	0.00%	0.00%	0.00%
WFC Wells Fargo & Company	2.20%	1.82%	2.14%	2.64%	2.66%	1.25%	4.04%	3.57%	3.56%	2.54%	2.75%	2.71%

Frequently Asked Questions

Can I hold both EN4C.DE and WFC in my portfolio?

EN4C.DE and WFC 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.