ETL2.DE vs. ETLH.DE
ETL2.DE (L&G Longer Dated All Commodities UCITS ETF) and ETLH.DE (L&G Ecommerce Logistics UCITS ETF) are both exchange-traded funds - ETL2.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward, while ETLH.DE is a Technology Equities fund tracking the Solactive eCommerce Logistics. Both are passively managed. Over the past 5 years, ETL2.DE returned 11.88%/yr vs 2.36%/yr for ETLH.DE. At a 0.19 correlation, their price movements are largely independent. ETL2.DE charges 0.30%/yr vs 0.49%/yr for ETLH.DE.
Performance
ETL2.DE vs. ETLH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETL2.DE achieves a 16.43% return, which is significantly higher than ETLH.DE's 4.20% return.
ETL2.DE
- 1D
- 0.11%
- 1M
- 2.53%
- 6M
- 12.80%
- YTD
- 16.43%
- 1Y
- 26.11%
- 3Y*
- 10.68%
- 5Y*
- 11.88%
- 10Y*
- 7.73%
ETLH.DE
- 1D
- 0.96%
- 1M
- 5.24%
- 6M
- 1.26%
- YTD
- 4.20%
- 1Y
- 7.93%
- 3Y*
- 5.81%
- 5Y*
- 2.36%
- 10Y*
- —
ETL2.DE vs. ETLH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ETL2.DE L&G Longer Dated All Commodities UCITS ETF | 16.43% | 4.89% | 11.58% | -9.47% | 24.86% | 46.21% | -7.56% | 10.89% | -1.53% |
ETLH.DE L&G Ecommerce Logistics UCITS ETF | 4.20% | -0.43% | 8.76% | 17.72% | -16.83% | 28.00% | 30.38% | 35.16% | -10.33% |
Correlation
The correlation between ETL2.DE and ETLH.DE is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2018 | 0.19 |
The correlation between ETL2.DE and ETLH.DE shifts across timeframes, from -0.14 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ETL2.DE vs. ETLH.DE — Risk / Return Rank
ETL2.DE
ETLH.DE
ETL2.DE vs. ETLH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) and L&G Ecommerce Logistics UCITS ETF (ETLH.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.
| ETL2.DE | ETLH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.10 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 0.63 | +2.03 |
| Martin ratioReturn relative to average drawdown | 8.20 | 1.55 | +6.65 |
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Drawdowns
ETL2.DE vs. ETLH.DE - Drawdown Comparison
The maximum ETL2.DE drawdown since its inception was -47.05%, which is greater than ETLH.DE's maximum drawdown of -27.52%. Use the drawdown chart below to compare losses from any high point for ETL2.DE and ETLH.DE.
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Drawdown Indicators
| ETL2.DE | ETLH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.05% | -27.52% | -19.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.78% | -12.60% | +2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -15.06% | -25.70% | +10.64% |
Max Drawdown (5Y)Largest decline over 5 years | -23.24% | -26.36% | +3.12% |
Max Drawdown (10Y)Largest decline over 10 years | -26.52% | — | — |
Current DrawdownCurrent decline from peak | -5.01% | -4.09% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -22.19% | -8.23% | -13.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 5.12% | -1.94% |
Volatility
ETL2.DE vs. ETLH.DE - Volatility Comparison
The current volatility for L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) is 3.66%, while L&G Ecommerce Logistics UCITS ETF (ETLH.DE) has a volatility of 5.26%. This indicates that ETL2.DE experiences smaller price fluctuations and is considered to be less risky than ETLH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETL2.DE | ETLH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 5.26% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 11.61% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.97% | 15.31% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 16.72% | -1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.69% | 17.39% | -3.70% |
ETL2.DE vs. ETLH.DE - Expense Ratio Comparison
ETL2.DE has a 0.30% expense ratio, which is lower than ETLH.DE's 0.49% expense ratio.
Dividends
ETL2.DE vs. ETLH.DE - Dividend Comparison
Neither ETL2.DE nor ETLH.DE has paid dividends to shareholders.
Frequently Asked Questions
ETL2.DE and ETLH.DE have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ETL2.DE is cheaper with a 0.30% expense ratio, compared with 0.49% for ETLH.DE.
ETL2.DE is categorized as Commodities, while ETLH.DE is Technology Equities. ETL2.DE tracks Bloomberg Commodity 3 Month Forward, while ETLH.DE tracks Solactive eCommerce Logistics. Their fees differ too: 0.30% for ETL2.DE and 0.49% for ETLH.DE.
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