ETL2.DE vs. IUSQ.DE
Compare and contrast key facts about L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) and iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE).
ETL2.DE and IUSQ.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETL2.DE is a passively managed fund by Legal & General that tracks the performance of the Bloomberg Commodity 3 Month Forward. It was launched on Mar 15, 2010. IUSQ.DE is a passively managed fund by iShares that tracks the performance of the MSCI All Country World (ACWI). It was launched on Oct 21, 2011. Both ETL2.DE and IUSQ.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ETL2.DE vs. IUSQ.DE - Performance Comparison
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ETL2.DE vs. IUSQ.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 | 14.02% | 4.89% | 11.54% | -9.44% | 24.86% | 46.17% | -7.55% | 10.85% | -4.21% | -9.85% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | -0.62% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 4.94% | 30.14% | -5.97% | 9.14% |
Returns By Period
In the year-to-date period, ETL2.DE achieves a 14.02% return, which is significantly higher than IUSQ.DE's -0.62% return. Over the past 10 years, ETL2.DE has underperformed IUSQ.DE with an annualized return of 9.02%, while IUSQ.DE has yielded a comparatively higher 11.33% annualized return.
ETL2.DE
- 1D
- -2.06%
- 1M
- 3.85%
- YTD
- 14.02%
- 6M
- 22.54%
- 1Y
- 13.38%
- 3Y*
- 8.51%
- 5Y*
- 14.37%
- 10Y*
- 9.02%
IUSQ.DE
- 1D
- -13.59%
- 1M
- -2.02%
- YTD
- -0.62%
- 6M
- 2.46%
- 1Y
- 13.61%
- 3Y*
- 14.89%
- 5Y*
- 10.08%
- 10Y*
- 11.33%
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ETL2.DE vs. IUSQ.DE - Expense Ratio Comparison
ETL2.DE has a 0.30% expense ratio, which is higher than IUSQ.DE's 0.20% expense ratio.
Return for Risk
ETL2.DE vs. IUSQ.DE — Risk / Return Rank
ETL2.DE
IUSQ.DE
ETL2.DE vs. IUSQ.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 iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 0.49 | +0.38 |
Sortino ratioReturn per unit of downside risk | 1.21 | 0.92 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.18 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.42 | +0.34 |
Martin ratioReturn relative to average drawdown | 3.67 | 10.55 | -6.88 |
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 | IUSQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.49 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.58 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.67 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.66 | -0.42 |
Correlation
The correlation between ETL2.DE and IUSQ.DE is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ETL2.DE vs. IUSQ.DE - Dividend Comparison
Neither ETL2.DE nor IUSQ.DE has paid dividends to shareholders.
Drawdowns
ETL2.DE vs. IUSQ.DE - Drawdown Comparison
The maximum ETL2.DE drawdown since its inception was -47.04%, which is greater than IUSQ.DE's maximum drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for ETL2.DE and IUSQ.DE.
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Drawdown Indicators
| ETL2.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.04% | -33.60% | -13.44% |
Max Drawdown (1Y)Largest decline over 1 year | -11.37% | -13.59% | +2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -23.27% | -21.25% | -2.02% |
Max Drawdown (10Y)Largest decline over 10 years | -26.50% | -33.60% | +7.10% |
Current DrawdownCurrent decline from peak | -3.68% | -13.59% | +9.91% |
Average DrawdownAverage peak-to-trough decline | -22.11% | -4.23% | -17.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 1.83% | +1.95% |
Volatility
ETL2.DE vs. IUSQ.DE - Volatility Comparison
The current volatility for L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) is 6.33%, while iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) has a volatility of 23.01%. This indicates that ETL2.DE experiences smaller price fluctuations and is considered to be less risky than IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 23.01% | -16.68% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 23.73% | -12.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.31% | 27.62% | -12.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.31% | 17.14% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.65% | 16.64% | -2.99% |