ENCG.L vs. UD06.L
Compare and contrast key facts about L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.L) and UBS ETF (IE) Bloomberg Commodity CMCI SF UCITS ETF (hedged to GBP) A-acc (UD06.L).
ENCG.L and UD06.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. UD06.L is a passively managed fund by UBS that tracks the performance of the UBS BCOM Constant Maturity Commodity (GBP Hedged). It was launched on Mar 1, 2018. Both ENCG.L and UD06.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. UD06.L - Performance Comparison
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ENCG.L vs. UD06.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ENCG.L L&G Multi-Strategy Enhanced Commodities UCITS ETF | 23.96% | 0.89% | 5.39% | -7.83% | 38.17% | 13.94% |
UD06.L UBS ETF (IE) Bloomberg Commodity CMCI SF UCITS ETF (hedged to GBP) A-acc | 16.13% | 17.64% | 4.23% | -6.66% | 16.62% | 7.88% |
Returns By Period
In the year-to-date period, ENCG.L achieves a 23.96% return, which is significantly higher than UD06.L's 16.13% return.
ENCG.L
- 1D
- -0.48%
- 1M
- 13.93%
- YTD
- 23.96%
- 6M
- 24.96%
- 1Y
- 20.73%
- 3Y*
- 8.47%
- 5Y*
- —
- 10Y*
- —
UD06.L
- 1D
- -0.19%
- 1M
- 5.88%
- YTD
- 16.13%
- 6M
- 23.20%
- 1Y
- 25.60%
- 3Y*
- 11.42%
- 5Y*
- 13.43%
- 10Y*
- —
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ENCG.L vs. UD06.L - Expense Ratio Comparison
ENCG.L has a 0.30% expense ratio, which is lower than UD06.L's 0.34% expense ratio.
Return for Risk
ENCG.L vs. UD06.L — Risk / Return Rank
ENCG.L
UD06.L
ENCG.L vs. UD06.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 UBS ETF (IE) Bloomberg Commodity CMCI SF UCITS ETF (hedged to GBP) A-acc (UD06.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 | UD06.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.27 | 1.82 | -0.54 |
Sortino ratioReturn per unit of downside risk | 1.74 | 2.36 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.85 | -0.94 |
Martin ratioReturn relative to average drawdown | 3.92 | 8.99 | -5.07 |
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 | UD06.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 1.82 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.58 | +0.25 |
Correlation
The correlation between ENCG.L and UD06.L is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ENCG.L vs. UD06.L - Dividend Comparison
Neither ENCG.L nor UD06.L has paid dividends to shareholders.
Drawdowns
ENCG.L vs. UD06.L - Drawdown Comparison
The maximum ENCG.L drawdown since its inception was -26.32%, smaller than the maximum UD06.L drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for ENCG.L and UD06.L.
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Drawdown Indicators
| ENCG.L | UD06.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.32% | -32.66% | +6.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -8.82% | -2.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.45% | — |
Current DrawdownCurrent decline from peak | -0.48% | -0.97% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -13.48% | -11.96% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.21% | 2.80% | +2.41% |
Volatility
ENCG.L vs. UD06.L - Volatility Comparison
L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.L) has a higher volatility of 6.97% compared to UBS ETF (IE) Bloomberg Commodity CMCI SF UCITS ETF (hedged to GBP) A-acc (UD06.L) at 4.63%. This indicates that ENCG.L's price experiences larger fluctuations and is considered to be riskier than UD06.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 | UD06.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.97% | 4.63% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.40% | 10.83% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.24% | 14.05% | +2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 14.65% | +3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 13.68% | +4.16% |