EN4C.DE vs. XMLC.DE
EN4C.DE (L&G Multi-Strategy Enhanced Commodities UCITS ETF) and XMLC.DE (L&G Clean Water UCITS ETF) are both exchange-traded funds - EN4C.DE is a Commodities fund tracking the Barclays Backwardation Tilt Multi-Strategy Capped, while XMLC.DE is a Water Equities fund tracking the Solactive Clean Water. Both are passively managed. Over the past 3 years, EN4C.DE returned 9.70%/yr vs 8.21%/yr for XMLC.DE. At a 0.09 correlation, their price movements are largely independent. EN4C.DE charges 0.30%/yr vs 0.49%/yr for XMLC.DE.
Performance
EN4C.DE vs. XMLC.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 XMLC.DE's 2.11% return.
EN4C.DE
- 1D
- -1.57%
- 1M
- 0.45%
- YTD
- 24.44%
- 6M
- 23.08%
- 1Y
- 29.56%
- 3Y*
- 9.70%
- 5Y*
- —
- 10Y*
- —
XMLC.DE
- 1D
- 0.01%
- 1M
- -3.12%
- YTD
- 2.11%
- 6M
- 1.40%
- 1Y
- 7.18%
- 3Y*
- 8.21%
- 5Y*
- 6.47%
- 10Y*
- —
EN4C.DE vs. XMLC.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% |
XMLC.DE L&G Clean Water UCITS ETF | 2.11% | 3.88% | 9.96% | 17.08% | -12.64% | 6.96% |
Correlation
The correlation between EN4C.DE and XMLC.DE is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.09 |
The correlation between EN4C.DE and XMLC.DE shifts across timeframes, from -0.20 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EN4C.DE vs. XMLC.DE — Risk / Return Rank
EN4C.DE
XMLC.DE
EN4C.DE vs. XMLC.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 Clean Water UCITS ETF (XMLC.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 | XMLC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.09 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 0.62 | +2.82 |
| Martin ratioReturn relative to average drawdown | 8.36 | 1.60 | +6.76 |
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 | XMLC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 0.48 | +1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.56 | +0.16 |
Drawdowns
EN4C.DE vs. XMLC.DE - Drawdown Comparison
The maximum EN4C.DE drawdown since its inception was -25.41%, smaller than the maximum XMLC.DE drawdown of -35.25%. Use the drawdown chart below to compare losses from any high point for EN4C.DE and XMLC.DE.
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Drawdown Indicators
| EN4C.DE | XMLC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.41% | -35.25% | +9.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -11.02% | +2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -17.63% | -19.51% | +1.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.54% | — |
Current DrawdownCurrent decline from peak | -4.02% | -7.57% | +3.55% |
Average DrawdownAverage peak-to-trough decline | -13.89% | -6.31% | -7.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 4.28% | -0.64% |
Volatility
EN4C.DE vs. XMLC.DE - Volatility Comparison
L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.DE) has a higher volatility of 5.98% compared to L&G Clean Water UCITS ETF (XMLC.DE) at 4.03%. This indicates that EN4C.DE's price experiences larger fluctuations and is considered to be riskier than XMLC.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 | XMLC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 4.03% | +1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 10.79% | +3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.98% | 14.11% | +3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.11% | 15.51% | +2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 18.66% | -0.55% |
EN4C.DE vs. XMLC.DE - Expense Ratio Comparison
EN4C.DE has a 0.30% expense ratio, which is lower than XMLC.DE's 0.49% expense ratio.
Dividends
EN4C.DE vs. XMLC.DE - Dividend Comparison
Neither EN4C.DE nor XMLC.DE has paid dividends to shareholders.
Frequently Asked Questions
EN4C.DE and XMLC.DE have a correlation of -0.20, 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 0.49% for XMLC.DE.
EN4C.DE is categorized as Commodities, while XMLC.DE is Water Equities. EN4C.DE tracks Barclays Backwardation Tilt Multi-Strategy Capped, while XMLC.DE tracks Solactive Clean Water. Their fees differ too: 0.30% for EN4C.DE and 0.49% for XMLC.DE.
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