ES6Y.DE vs. ETL2.DE

Last updated Jun 5, 2026

ES6Y.DE (L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating) and ETL2.DE (L&G Longer Dated All Commodities UCITS ETF) are both exchange-traded funds - ES6Y.DE is a Technology Equities fund tracking the Solactive Emerging Cyber Security, while ETL2.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 3 years, ES6Y.DE returned 33.66%/yr vs 10.87%/yr for ETL2.DE. At a 0.12 correlation, their price movements are largely independent. ES6Y.DE charges 0.49%/yr vs 0.30%/yr for ETL2.DE.

Performance

ES6Y.DE vs. ETL2.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating (ES6Y.DE) and L&G Longer Dated All Commodities UCITS ETF (ETL2.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ES6Y.DE achieves a 59.99% return, which is significantly higher than ETL2.DE's 18.23% return.

ES6Y.DE

• 1D: -0.82%
• 1M: 24.88%
• YTD: 59.99%
• 6M: 53.39%
• 1Y: 55.75%
• 3Y*: 33.66%
• 5Y*: —
• 10Y*: —

ETL2.DE

• 1D: -1.24%
• 1M: 0.52%
• YTD: 18.23%
• 6M: 18.72%
• 1Y: 27.69%
• 3Y*: 10.87%
• 5Y*: 13.12%
• 10Y*: 8.17%

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

ES6Y.DE vs. ETL2.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ES6Y.DE L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating	59.99%	-9.21%	34.05%	51.62%	-18.28%
ETL2.DE L&G Longer Dated All Commodities UCITS ETF	18.23%	4.89%	11.54%	-9.44%	-6.22%

Correlation

The correlation between ES6Y.DE and ETL2.DE is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022	0.12

Return for Risk

ES6Y.DE vs. ETL2.DE — Risk / Return Rank

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

ES6Y.DE

ES6Y.DE Risk / Return Rank: 64
ES6Y.DE Sharpe Ratio Rank: 67
ES6Y.DE Sortino Ratio Rank: 61
ES6Y.DE Omega Ratio Rank: 60
ES6Y.DE Calmar Ratio Rank: 76
ES6Y.DE Martin Ratio Rank: 55

ETL2.DE

ETL2.DE Risk / Return Rank: 57
ETL2.DE Sharpe Ratio Rank: 56
ETL2.DE Sortino Ratio Rank: 51
ETL2.DE Omega Ratio Rank: 54
ETL2.DE Calmar Ratio Rank: 72
ETL2.DE Martin Ratio Rank: 49

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.

ES6Y.DE vs. ETL2.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating (ES6Y.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.

	ES6Y.DE	ETL2.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.18	1.87	+0.31
Sortino ratio: Return per unit of downside risk	2.86	2.47	+0.39
Omega ratio: Gain probability vs. loss probability	1.36	1.33	+0.03
Calmar ratio: Return relative to maximum drawdown	3.77	3.59	+0.19
Martin ratio: Return relative to average drawdown	9.25	8.20	+1.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ES6Y.DE vs. ETL2.DE - Sharpe Ratio Comparison

The current ES6Y.DE Sharpe Ratio is 2.18, which is comparable to the ETL2.DE Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of ES6Y.DE and ETL2.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

	ES6Y.DE	ETL2.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	1.87	+0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.84	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	0.25	+0.73

Drawdowns

ES6Y.DE vs. ETL2.DE - Drawdown Comparison

The maximum ES6Y.DE drawdown since its inception was -34.72%, smaller than the maximum ETL2.DE drawdown of -47.04%. Use the drawdown chart below to compare losses from any high point for ES6Y.DE and ETL2.DE.

Drawdown Indicators

	ES6Y.DE	ETL2.DE	Difference
Max Drawdown Largest peak-to-trough decline	-34.72%	-47.04%	+12.32%
Max Drawdown (1Y) Largest decline over 1 year	-15.05%	-7.90%	-7.15%
Max Drawdown (3Y) Largest decline over 3 years	-34.72%	-15.06%	-19.66%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-26.50%	—
Current Drawdown Current decline from peak	-1.36%	-3.57%	+2.21%
Average Drawdown Average peak-to-trough decline	-9.52%	-21.90%	+12.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.15%	3.46%	+2.69%

Volatility

ES6Y.DE vs. ETL2.DE - Volatility Comparison

L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating (ES6Y.DE) has a higher volatility of 10.01% compared to L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) at 4.60%. This indicates that ES6Y.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.

Volatility by Period

	ES6Y.DE	ETL2.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.01%	4.60%	+5.41%
Volatility (6M) Calculated over the trailing 6-month period	20.66%	12.74%	+7.92%
Volatility (1Y) Calculated over the trailing 1-year period	26.06%	15.15%	+10.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.64%	15.44%	+11.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.64%	13.69%	+12.95%

ES6Y.DE vs. ETL2.DE - Expense Ratio Comparison

ES6Y.DE has a 0.49% expense ratio, which is higher than ETL2.DE's 0.30% expense ratio.

Dividends

ES6Y.DE vs. ETL2.DE - Dividend Comparison

Neither ES6Y.DE nor ETL2.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ES6Y.DE and ETL2.DE in my portfolio?

ES6Y.DE and ETL2.DE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ES6Y.DE or ETL2.DE?

On fees, ETL2.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ES6Y.DE or ETL2.DE?

ETL2.DE is cheaper with a 0.30% expense ratio, compared with 0.49% for ES6Y.DE.

What is the main difference between ES6Y.DE and ETL2.DE?

ES6Y.DE is categorized as Technology Equities, while ETL2.DE is Commodities. ES6Y.DE tracks Solactive Emerging Cyber Security, while ETL2.DE tracks Bloomberg Commodity 3 Month Forward. Their fees differ too: 0.49% for ES6Y.DE and 0.30% for ETL2.DE.