ENTR.DE vs. XAAG.DE
ENTR.DE (L&G New Energy Commodities UCITS ETF USD Accumulating) and XAAG.DE (Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc) are both Commodities funds - ENTR.DE tracks the Solactive Energy Transition Commodity while XAAG.DE tracks the Bloomberg Commodity ex-Agriculture and Livestock. Both are passively managed. Over the past year, ENTR.DE returned 37.69% vs 47.37% for XAAG.DE. A 0.64 correlation means they provide meaningful diversification when combined. ENTR.DE charges 0.65%/yr vs 0.19%/yr for XAAG.DE.
Performance
ENTR.DE vs. XAAG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ENTR.DE achieves a 12.78% return, which is significantly lower than XAAG.DE's 27.69% return.
ENTR.DE
- 1D
- -0.84%
- 1M
- 1.00%
- YTD
- 12.78%
- 6M
- 23.00%
- 1Y
- 37.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XAAG.DE
- 1D
- -0.56%
- 1M
- 0.44%
- YTD
- 27.69%
- 6M
- 30.58%
- 1Y
- 47.37%
- 3Y*
- 17.71%
- 5Y*
- 14.95%
- 10Y*
- —
ENTR.DE vs. XAAG.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% |
XAAG.DE Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc | 27.69% | 12.13% | 2.02% |
Correlation
The correlation between ENTR.DE and XAAG.DE is 0.60, 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 | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2024 | 0.64 |
The correlation between ENTR.DE and XAAG.DE has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.
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Return for Risk
ENTR.DE vs. XAAG.DE — Risk / Return Rank
ENTR.DE
XAAG.DE
ENTR.DE vs. XAAG.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 Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.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 | XAAG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.39 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 4.08 | -0.22 |
| Martin ratioReturn relative to average drawdown | 13.56 | 9.65 | +3.90 |
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
| ENTR.DE | XAAG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 2.17 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.49 | +0.44 |
Drawdowns
ENTR.DE vs. XAAG.DE - Drawdown Comparison
The maximum ENTR.DE drawdown since its inception was -14.17%, smaller than the maximum XAAG.DE drawdown of -33.85%. Use the drawdown chart below to compare losses from any high point for ENTR.DE and XAAG.DE.
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Drawdown Indicators
| ENTR.DE | XAAG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.17% | -33.85% | +19.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.72% | -11.54% | +1.82% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.26% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.85% | — |
Current DrawdownCurrent decline from peak | -2.59% | -2.54% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -5.85% | -13.88% | +8.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 4.89% | -2.12% |
Volatility
ENTR.DE vs. XAAG.DE - Volatility Comparison
L&G New Energy Commodities UCITS ETF USD Accumulating (ENTR.DE) and Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.DE) have volatilities of 4.62% and 4.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENTR.DE | XAAG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 4.71% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 13.78% | 18.81% | -5.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.50% | 21.76% | -5.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 20.32% | -5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 18.40% | -3.38% |
ENTR.DE vs. XAAG.DE - Expense Ratio Comparison
ENTR.DE has a 0.65% expense ratio, which is higher than XAAG.DE's 0.19% expense ratio.
Dividends
ENTR.DE vs. XAAG.DE - Dividend Comparison
Neither ENTR.DE nor XAAG.DE has paid dividends to shareholders.
Frequently Asked Questions
ENTR.DE and XAAG.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XAAG.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XAAG.DE is cheaper with a 0.19% expense ratio, compared with 0.65% for ENTR.DE.
ENTR.DE tracks Solactive Energy Transition Commodity, while XAAG.DE tracks Bloomberg Commodity ex-Agriculture and Livestock. They also come from different issuers: Legal & General and Invesco. Their fees differ too: 0.65% for ENTR.DE and 0.19% for XAAG.DE.
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