ES6Y.DE vs. ETLF.DE
ES6Y.DE (L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating) and ETLF.DE (L&G All Commodities UCITS ETF) are both exchange-traded funds - ES6Y.DE is a Technology Equities fund tracking the Solactive Emerging Cyber Security, while ETLF.DE is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 3 years, ES6Y.DE returned 33.79%/yr vs 11.77%/yr for ETLF.DE. At a 0.11 correlation, their price movements are largely independent. ES6Y.DE charges 0.49%/yr vs 0.15%/yr for ETLF.DE.
Performance
ES6Y.DE vs. ETLF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ES6Y.DE achieves a 65.40% return, which is significantly higher than ETLF.DE's 21.07% return.
ES6Y.DE
- 1D
- 0.00%
- 1M
- 7.68%
- 6M
- 65.54%
- YTD
- 65.40%
- 1Y
- 58.88%
- 3Y*
- 33.79%
- 5Y*
- —
- 10Y*
- —
ETLF.DE
- 1D
- -0.18%
- 1M
- 2.91%
- 6M
- 16.74%
- YTD
- 21.07%
- 1Y
- 31.70%
- 3Y*
- 11.77%
- 5Y*
- 11.04%
- 10Y*
- —
ES6Y.DE vs. ETLF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ES6Y.DE L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating | 65.40% | -9.21% | 34.05% | 51.62% | -18.62% |
ETLF.DE L&G All Commodities UCITS ETF | 21.07% | 4.71% | 10.95% | -10.21% | -10.89% |
Correlation
The correlation between ES6Y.DE and ETLF.DE is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2022 | 0.11 |
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Return for Risk
ES6Y.DE vs. ETLF.DE — Risk / Return Rank
ES6Y.DE
ETLF.DE
ES6Y.DE vs. ETLF.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 All Commodities UCITS ETF (ETLF.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.
| ES6Y.DE | ETLF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.30 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 2.56 | +1.38 |
| Martin ratioReturn relative to average drawdown | 9.46 | 7.81 | +1.66 |
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Drawdowns
ES6Y.DE vs. ETLF.DE - Drawdown Comparison
The maximum ES6Y.DE drawdown since its inception was -34.72%, roughly equal to the maximum ETLF.DE drawdown of -33.53%. Use the drawdown chart below to compare losses from any high point for ES6Y.DE and ETLF.DE.
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Drawdown Indicators
| ES6Y.DE | ETLF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.72% | -33.53% | -1.19% |
Max Drawdown (1Y)Largest decline over 1 year | -15.05% | -12.35% | -2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -34.72% | -16.01% | -18.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.97% | — |
Current DrawdownCurrent decline from peak | -0.42% | -6.97% | +6.55% |
Average DrawdownAverage peak-to-trough decline | -9.36% | -14.87% | +5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.24% | 4.05% | +2.19% |
Volatility
ES6Y.DE vs. ETLF.DE - Volatility Comparison
L&G Emerging Cyber Security ESG Exclusions UCITS ETF USD Accumulating (ES6Y.DE) has a higher volatility of 9.06% compared to L&G All Commodities UCITS ETF (ETLF.DE) at 4.39%. This indicates that ES6Y.DE's price experiences larger fluctuations and is considered to be riskier than ETLF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ES6Y.DE | ETLF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.06% | 4.39% | +4.67% |
Volatility (6M)Calculated over the trailing 6-month period | 23.58% | 16.55% | +7.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.38% | 18.72% | +9.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.03% | 17.14% | +9.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.03% | 16.46% | +10.57% |
ES6Y.DE vs. ETLF.DE - Expense Ratio Comparison
ES6Y.DE has a 0.49% expense ratio, which is higher than ETLF.DE's 0.15% expense ratio.
Dividends
ES6Y.DE vs. ETLF.DE - Dividend Comparison
Neither ES6Y.DE nor ETLF.DE has paid dividends to shareholders.
Frequently Asked Questions
ES6Y.DE and ETLF.DE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLF.DE is cheaper with a 0.15% expense ratio, compared with 0.49% for ES6Y.DE.
ES6Y.DE is categorized as Technology Equities, while ETLF.DE is Commodities. ES6Y.DE tracks Solactive Emerging Cyber Security, while ETLF.DE tracks Bloomberg Commodity. Their fees differ too: 0.49% for ES6Y.DE and 0.15% for ETLF.DE.
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