ETL2.DE vs. IROB.DE
ETL2.DE (L&G Longer Dated All Commodities UCITS ETF) and IROB.DE (L&G ROBO Global Robotics and Automation UCITS ETF) are both exchange-traded funds - ETL2.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward, while IROB.DE is a Technology Equities fund tracking the ROBO-STOX® Global Robotics and Automation. Both are passively managed. Over the past 10 years, ETL2.DE returned 8.17%/yr vs 13.49%/yr for IROB.DE. At a 0.30 correlation, their price movements are largely independent. ETL2.DE charges 0.30%/yr vs 0.80%/yr for IROB.DE.
Performance
ETL2.DE vs. IROB.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 lower than IROB.DE's 28.27% return. Over the past 10 years, ETL2.DE has underperformed IROB.DE with an annualized return of 8.17%, while IROB.DE has yielded a comparatively higher 13.49% 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%
IROB.DE
- 1D
- -1.49%
- 1M
- 6.54%
- YTD
- 28.27%
- 6M
- 25.45%
- 1Y
- 53.74%
- 3Y*
- 13.62%
- 5Y*
- 7.96%
- 10Y*
- 13.49%
ETL2.DE vs. IROB.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% |
IROB.DE L&G ROBO Global Robotics and Automation UCITS ETF | 28.27% | 10.23% | 4.18% | 20.94% | -30.08% | 26.20% | 31.63% | 33.76% | -17.78% | 28.83% |
Correlation
The correlation between ETL2.DE and IROB.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 | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2015 | 0.30 |
The correlation between ETL2.DE and IROB.DE shifts across timeframes, from -0.05 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ETL2.DE vs. IROB.DE — Risk / Return Rank
ETL2.DE
IROB.DE
ETL2.DE vs. IROB.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 ROBO Global Robotics and Automation UCITS ETF (IROB.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 | IROB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.42 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 3.94 | -0.36 |
| Martin ratioReturn relative to average drawdown | 8.20 | 15.02 | -6.82 |
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 | IROB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.48 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.37 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.64 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.57 | -0.31 |
Drawdowns
ETL2.DE vs. IROB.DE - Drawdown Comparison
The maximum ETL2.DE drawdown since its inception was -47.04%, which is greater than IROB.DE's maximum drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for ETL2.DE and IROB.DE.
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Drawdown Indicators
| ETL2.DE | IROB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.04% | -36.52% | -10.52% |
Max Drawdown (1Y)Largest decline over 1 year | -7.90% | -13.67% | +5.77% |
Max Drawdown (3Y)Largest decline over 3 years | -15.06% | -31.95% | +16.89% |
Max Drawdown (5Y)Largest decline over 5 years | -23.27% | -36.52% | +13.25% |
Max Drawdown (10Y)Largest decline over 10 years | -26.50% | -36.52% | +10.02% |
Current DrawdownCurrent decline from peak | -3.57% | -1.77% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -21.90% | -11.47% | -10.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 3.60% | -0.14% |
Volatility
ETL2.DE vs. IROB.DE - Volatility Comparison
The current volatility for L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) is 4.60%, while L&G ROBO Global Robotics and Automation UCITS ETF (IROB.DE) has a volatility of 7.52%. This indicates that ETL2.DE experiences smaller price fluctuations and is considered to be less risky than IROB.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 | IROB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 7.52% | -2.92% |
Volatility (6M)Calculated over the trailing 6-month period | 12.74% | 16.66% | -3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.15% | 21.72% | -6.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.44% | 21.13% | -5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.69% | 21.01% | -7.32% |
ETL2.DE vs. IROB.DE - Expense Ratio Comparison
ETL2.DE has a 0.30% expense ratio, which is lower than IROB.DE's 0.80% expense ratio.
Dividends
ETL2.DE vs. IROB.DE - Dividend Comparison
Neither ETL2.DE nor IROB.DE has paid dividends to shareholders.
Frequently Asked Questions
ETL2.DE and IROB.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.
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 0.80% for IROB.DE.
ETL2.DE is categorized as Commodities, while IROB.DE is Technology Equities. ETL2.DE tracks Bloomberg Commodity 3 Month Forward, while IROB.DE tracks ROBO-STOX® Global Robotics and Automation. Their fees differ too: 0.30% for ETL2.DE and 0.80% for IROB.DE.
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