ENTR.DE vs. UEQU.DE

Last updated Jun 5, 2026

ENTR.DE (L&G New Energy Commodities UCITS ETF USD Accumulating) and UEQU.DE (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc) are both Commodities funds - ENTR.DE tracks the Solactive Energy Transition Commodity while UEQU.DE tracks the UBS CMCI Ex Agriculture Ex Livestock Capped. Both are passively managed. Over the past year, ENTR.DE returned 37.69% vs 41.09% for UEQU.DE. A 0.70 correlation means they provide meaningful diversification when combined. ENTR.DE charges 0.65%/yr vs 0.34%/yr for UEQU.DE.

Performance

ENTR.DE vs. UEQU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G New Energy Commodities UCITS ETF USD Accumulating (ENTR.DE) and UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc (UEQU.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENTR.DE achieves a 12.78% return, which is significantly lower than UEQU.DE's 25.53% return.

ENTR.DE

• 1D: -0.84%
• 1M: 1.00%
• YTD: 12.78%
• 6M: 23.00%
• 1Y: 37.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UEQU.DE

• 1D: -0.80%
• 1M: 1.40%
• YTD: 25.53%
• 6M: 28.14%
• 1Y: 41.09%
• 3Y*: 14.81%
• 5Y*: 14.40%
• 10Y*: 10.80%

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

ENTR.DE vs. UEQU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ENTR.DE L&G New Energy Commodities UCITS ETF USD Accumulating	12.78%	17.08%	-0.06%
UEQU.DE UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc	25.53%	6.36%	-0.98%

Correlation

The correlation between ENTR.DE and UEQU.DE is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (All Time) Calculated using the full available price history since Apr 18, 2024	0.70

The correlation between ENTR.DE and UEQU.DE has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.

Return for Risk

ENTR.DE vs. UEQU.DE — Risk / Return Rank

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

ENTR.DE

ENTR.DE Risk / Return Rank: 72
ENTR.DE Sharpe Ratio Rank: 71
ENTR.DE Sortino Ratio Rank: 67
ENTR.DE Omega Ratio Rank: 70
ENTR.DE Calmar Ratio Rank: 77
ENTR.DE Martin Ratio Rank: 73

UEQU.DE

UEQU.DE Risk / Return Rank: 82
UEQU.DE Sharpe Ratio Rank: 82
UEQU.DE Sortino Ratio Rank: 77
UEQU.DE Omega Ratio Rank: 79
UEQU.DE Calmar Ratio Rank: 92
UEQU.DE Martin Ratio Rank: 79

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.

ENTR.DE vs. UEQU.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G New Energy Commodities UCITS ETF USD Accumulating (ENTR.DE) and UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc (UEQU.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.

	ENTR.DE	UEQU.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.27	2.60	-0.33
Sortino ratio: Return per unit of downside risk	3.04	3.40	-0.36
Omega ratio: Gain probability vs. loss probability	1.41	1.46	-0.05
Calmar ratio: Return relative to maximum drawdown	3.86	6.29	-2.43
Martin ratio: Return relative to average drawdown	13.56	15.25	-1.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ENTR.DE vs. UEQU.DE - Sharpe Ratio Comparison

The current ENTR.DE Sharpe Ratio is 2.27, which is comparable to the UEQU.DE Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of ENTR.DE and UEQU.DE, 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

	ENTR.DE	UEQU.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.27	2.60	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.64	+0.28

Drawdowns

ENTR.DE vs. UEQU.DE - Drawdown Comparison

The maximum ENTR.DE drawdown since its inception was -14.17%, smaller than the maximum UEQU.DE drawdown of -30.56%. Use the drawdown chart below to compare losses from any high point for ENTR.DE and UEQU.DE.

Drawdown Indicators

	ENTR.DE	UEQU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-14.17%	-30.56%	+16.39%
Max Drawdown (1Y) Largest decline over 1 year	-9.72%	-6.50%	-3.22%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.44%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.56%	—
Current Drawdown Current decline from peak	-2.59%	-1.21%	-1.38%
Average Drawdown Average peak-to-trough decline	-5.85%	-8.92%	+3.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	2.69%	+0.08%

Volatility

ENTR.DE vs. UEQU.DE - Volatility Comparison

L&G New Energy Commodities UCITS ETF USD Accumulating (ENTR.DE) has a higher volatility of 4.62% compared to UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc (UEQU.DE) at 3.91%. This indicates that ENTR.DE's price experiences larger fluctuations and is considered to be riskier than UEQU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ENTR.DE	UEQU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	3.91%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	13.78%	13.03%	+0.75%
Volatility (1Y) Calculated over the trailing 1-year period	16.50%	15.73%	+0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.02%	16.83%	-1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.02%	16.41%	-1.39%

ENTR.DE vs. UEQU.DE - Expense Ratio Comparison

ENTR.DE has a 0.65% expense ratio, which is higher than UEQU.DE's 0.34% expense ratio.

Dividends

ENTR.DE vs. UEQU.DE - Dividend Comparison

Neither ENTR.DE nor UEQU.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ENTR.DE and UEQU.DE in my portfolio?

ENTR.DE and UEQU.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ENTR.DE or UEQU.DE?

On fees, UEQU.DE is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ENTR.DE or UEQU.DE?

UEQU.DE is cheaper with a 0.34% expense ratio, compared with 0.65% for ENTR.DE.

What is the main difference between ENTR.DE and UEQU.DE?

ENTR.DE tracks Solactive Energy Transition Commodity, while UEQU.DE tracks UBS CMCI Ex Agriculture Ex Livestock Capped. They also come from different issuers: Legal & General and UBS. Their fees differ too: 0.65% for ENTR.DE and 0.34% for UEQU.DE.