EQQB.DE vs. ETL2.DE
EQQB.DE (Invesco EQQQ Nasdaq-100 UCITS ETF Acc) and ETL2.DE (L&G Longer Dated All Commodities UCITS ETF) are both exchange-traded funds - EQQB.DE is a Nasdaq-100 fund tracking the Nasdaq 100®, while ETL2.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 3 years, EQQB.DE returned 24.46%/yr vs 8.87%/yr for ETL2.DE. At a 0.11 correlation, their price movements are largely independent. Both charge a 0.30% expense ratio.
Performance
EQQB.DE vs. ETL2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EQQB.DE achieves a 19.81% return, which is significantly higher than ETL2.DE's 11.73% return.
EQQB.DE
- 1D
- 0.00%
- 1M
- 0.86%
- YTD
- 19.81%
- 6M
- 19.97%
- 1Y
- 36.14%
- 3Y*
- 24.46%
- 5Y*
- —
- 10Y*
- —
ETL2.DE
- 1D
- 0.43%
- 1M
- -6.25%
- YTD
- 11.73%
- 6M
- 13.66%
- 1Y
- 23.04%
- 3Y*
- 8.87%
- 5Y*
- 11.81%
- 10Y*
- 7.32%
EQQB.DE vs. ETL2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EQQB.DE Invesco EQQQ Nasdaq-100 UCITS ETF Acc | 19.81% | 6.93% | 33.67% | 51.27% | -18.68% |
ETL2.DE L&G Longer Dated All Commodities UCITS ETF | 11.73% | 4.89% | 11.58% | -9.47% | 13.53% |
Correlation
The correlation between EQQB.DE and ETL2.DE is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022 | 0.11 |
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Return for Risk
EQQB.DE vs. ETL2.DE — Risk / Return Rank
EQQB.DE
ETL2.DE
EQQB.DE vs. ETL2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQQQ Nasdaq-100 UCITS ETF Acc (EQQB.DE) and L&G Longer Dated All Commodities UCITS ETF (ETL2.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EQQB.DE | ETL2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.28 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 2.48 | +1.12 |
| Martin ratioReturn relative to average drawdown | 10.54 | 8.80 | +1.74 |
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Drawdowns
EQQB.DE vs. ETL2.DE - Drawdown Comparison
The maximum EQQB.DE drawdown since its inception was -26.59%, smaller than the maximum ETL2.DE drawdown of -47.05%. Use the drawdown chart below to compare losses from any high point for EQQB.DE and ETL2.DE.
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Drawdown Indicators
| EQQB.DE | ETL2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.59% | -47.05% | +20.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.08% | -9.25% | -0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -26.59% | -15.06% | -11.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.52% | — |
Current DrawdownCurrent decline from peak | -1.91% | -8.85% | +6.94% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -22.24% | +15.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 2.61% | +0.83% |
Volatility
EQQB.DE vs. ETL2.DE - Volatility Comparison
Invesco EQQQ Nasdaq-100 UCITS ETF Acc (EQQB.DE) has a higher volatility of 5.92% compared to L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) at 3.35%. This indicates that EQQB.DE's price experiences larger fluctuations and is considered to be riskier than ETL2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EQQB.DE | ETL2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 3.35% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 12.01% | 12.90% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.70% | 14.79% | +1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.05% | 15.45% | +4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.05% | 13.68% | +6.37% |
EQQB.DE vs. ETL2.DE - Expense Ratio Comparison
Both EQQB.DE and ETL2.DE have an expense ratio of 0.30%.
Dividends
EQQB.DE vs. ETL2.DE - Dividend Comparison
Neither EQQB.DE nor ETL2.DE has paid dividends to shareholders.
Frequently Asked Questions
EQQB.DE and ETL2.DE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EQQB.DE and ETL2.DE have the same expense ratio: 0.30% per year.
EQQB.DE is categorized as Nasdaq-100, while ETL2.DE is Commodities. EQQB.DE tracks Nasdaq 100®, while ETL2.DE tracks Bloomberg Commodity 3 Month Forward. They also come from different issuers: Invesco and Legal & General.
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