ETL2.DE vs. INDA.DE
ETL2.DE (L&G Longer Dated All Commodities UCITS ETF) and INDA.DE (Lyxor STOXX Europe 600 Banks UCITS ETF Dist) are both exchange-traded funds - ETL2.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward, while INDA.DE is a Financials Equities fund tracking the STOXX® Europe 600 Banks. Both are passively managed. Over the past 10 years, ETL2.DE returned 8.17%/yr vs 13.89%/yr for INDA.DE. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.30% expense ratio.
Performance
ETL2.DE vs. INDA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETL2.DE achieves a 18.23% return, which is significantly higher than INDA.DE's 7.47% return. Over the past 10 years, ETL2.DE has underperformed INDA.DE with an annualized return of 8.17%, while INDA.DE has yielded a comparatively higher 13.89% annualized return.
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%
INDA.DE
- 1D
- 0.46%
- 1M
- 2.43%
- YTD
- 7.47%
- 6M
- 15.40%
- 1Y
- 39.76%
- 3Y*
- 40.68%
- 5Y*
- 26.58%
- 10Y*
- 13.89%
ETL2.DE vs. INDA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETL2.DE L&G Longer Dated All Commodities UCITS ETF | 18.23% | 4.89% | 11.54% | -9.44% | 24.86% | 46.17% | -7.55% | 10.85% | -4.21% | -9.85% |
INDA.DE Lyxor STOXX Europe 600 Banks UCITS ETF Dist | 7.47% | 76.64% | 32.75% | 22.04% | 1.47% | 37.53% | -23.78% | 15.32% | -25.43% | 11.50% |
Correlation
The correlation between ETL2.DE and INDA.DE is -0.20, 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 | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 7, 2010 | 0.14 |
The correlation between ETL2.DE and INDA.DE shifts across timeframes, from -0.20 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ETL2.DE vs. INDA.DE — Risk / Return Rank
ETL2.DE
INDA.DE
ETL2.DE vs. INDA.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 Lyxor STOXX Europe 600 Banks UCITS ETF Dist (INDA.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.
| ETL2.DE | INDA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.31 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 2.65 | +0.93 |
| Martin ratioReturn relative to average drawdown | 8.20 | 8.93 | -0.74 |
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
| ETL2.DE | INDA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.86 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 1.18 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.61 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.19 | +0.07 |
Drawdowns
ETL2.DE vs. INDA.DE - Drawdown Comparison
The maximum ETL2.DE drawdown since its inception was -47.04%, smaller than the maximum INDA.DE drawdown of -70.13%. Use the drawdown chart below to compare losses from any high point for ETL2.DE and INDA.DE.
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Drawdown Indicators
| ETL2.DE | INDA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.04% | -70.13% | +23.09% |
Max Drawdown (1Y)Largest decline over 1 year | -7.90% | -15.59% | +7.69% |
Max Drawdown (3Y)Largest decline over 3 years | -15.06% | -20.38% | +5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -23.27% | -27.77% | +4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -26.50% | -55.08% | +28.58% |
Current DrawdownCurrent decline from peak | -3.57% | -1.73% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -21.90% | -26.50% | +4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 4.64% | -1.18% |
Volatility
ETL2.DE vs. INDA.DE - Volatility Comparison
The current volatility for L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) is 4.60%, while Lyxor STOXX Europe 600 Banks UCITS ETF Dist (INDA.DE) has a volatility of 5.98%. This indicates that ETL2.DE experiences smaller price fluctuations and is considered to be less risky than INDA.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 | INDA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 5.98% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 12.74% | 17.92% | -5.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.15% | 22.30% | -7.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.44% | 24.05% | -8.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.69% | 26.34% | -12.65% |
ETL2.DE vs. INDA.DE - Expense Ratio Comparison
Both ETL2.DE and INDA.DE have an expense ratio of 0.30%.
Dividends
ETL2.DE vs. INDA.DE - Dividend Comparison
ETL2.DE has not paid dividends to shareholders, while INDA.DE's dividend yield for the trailing twelve months is around 5.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ETL2.DE L&G Longer Dated All Commodities UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
INDA.DE Lyxor STOXX Europe 600 Banks UCITS ETF Dist | 5.05% | 5.42% | 5.93% | 1.58% | 5.04% | 3.76% | 1.42% | 4.45% | 4.56% |
Frequently Asked Questions
ETL2.DE and INDA.DE have a correlation of -0.20, 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.
ETL2.DE and INDA.DE have the same expense ratio: 0.30% per year.
ETL2.DE is categorized as Commodities, while INDA.DE is Financials Equities. ETL2.DE tracks Bloomberg Commodity 3 Month Forward, while INDA.DE tracks STOXX® Europe 600 Banks. They also come from different issuers: Legal & General and Amundi.
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