ENCG.L vs. LDEG.L
Compare and contrast key facts about L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.L) and L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.L).
ENCG.L and LDEG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ENCG.L is a passively managed fund by Legal & General that tracks the performance of the Barclays Backwardation Tilt Multi-Strategy Capped. It was launched on Jul 5, 2021. LDEG.L is a passively managed fund by Legal & General that tracks the performance of the MSCI Europe Ex UK NR EUR. It was launched on Apr 12, 2021. Both ENCG.L and LDEG.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ENCG.L vs. LDEG.L - Performance Comparison
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ENCG.L vs. LDEG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ENCG.L L&G Multi-Strategy Enhanced Commodities UCITS ETF | 20.48% | 0.89% | 5.39% | -7.83% | 38.17% | 13.94% |
LDEG.L L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 6.14% | 45.02% | 8.90% | 14.41% | 3.49% | 2.78% |
Returns By Period
In the year-to-date period, ENCG.L achieves a 20.48% return, which is significantly higher than LDEG.L's 6.14% return.
ENCG.L
- 1D
- -2.81%
- 1M
- 7.92%
- YTD
- 20.48%
- 6M
- 21.71%
- 1Y
- 17.04%
- 3Y*
- 7.44%
- 5Y*
- —
- 10Y*
- —
LDEG.L
- 1D
- 1.77%
- 1M
- -1.27%
- YTD
- 6.14%
- 6M
- 14.03%
- 1Y
- 32.36%
- 3Y*
- 22.95%
- 5Y*
- —
- 10Y*
- —
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ENCG.L vs. LDEG.L - Expense Ratio Comparison
ENCG.L has a 0.30% expense ratio, which is higher than LDEG.L's 0.25% expense ratio.
Return for Risk
ENCG.L vs. LDEG.L — Risk / Return Rank
ENCG.L
LDEG.L
ENCG.L vs. LDEG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.L) and L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.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.
| ENCG.L | LDEG.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 2.37 | -1.34 |
Sortino ratioReturn per unit of downside risk | 1.43 | 2.95 | -1.52 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.46 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 4.08 | -2.02 |
Martin ratioReturn relative to average drawdown | 4.77 | 13.87 | -9.10 |
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
| ENCG.L | LDEG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 2.37 | -1.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 1.21 | -0.43 |
Correlation
The correlation between ENCG.L and LDEG.L is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ENCG.L vs. LDEG.L - Dividend Comparison
ENCG.L has not paid dividends to shareholders, while LDEG.L's dividend yield for the trailing twelve months is around 3.31%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ENCG.L L&G Multi-Strategy Enhanced Commodities UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LDEG.L L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 3.31% | 3.48% | 4.28% | 4.18% | 3.76% | 3.16% |
Drawdowns
ENCG.L vs. LDEG.L - Drawdown Comparison
The maximum ENCG.L drawdown since its inception was -26.32%, which is greater than LDEG.L's maximum drawdown of -15.97%. Use the drawdown chart below to compare losses from any high point for ENCG.L and LDEG.L.
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Drawdown Indicators
| ENCG.L | LDEG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.32% | -15.97% | -10.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.66% | -9.66% | -1.00% |
Current DrawdownCurrent decline from peak | -3.27% | -3.09% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -13.47% | -3.01% | -10.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 2.36% | +1.26% |
Volatility
ENCG.L vs. LDEG.L - Volatility Comparison
L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.L) has a higher volatility of 7.63% compared to L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.L) at 5.28%. This indicates that ENCG.L's price experiences larger fluctuations and is considered to be riskier than LDEG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENCG.L | LDEG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.63% | 5.28% | +2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 11.79% | 9.07% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.45% | 13.62% | +2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.88% | 16.18% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.88% | 16.18% | +1.70% |