ETL2.DE vs. SPY
Compare and contrast key facts about L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) and SPDR S&P 500 ETF (SPY).
ETL2.DE and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both ETL2.DE and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETL2.DE or SPY.
Correlation
The correlation between ETL2.DE and SPY is 0.17, 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.
Performance
ETL2.DE vs. SPY - Performance Comparison
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Key characteristics
ETL2.DE:
-0.25
SPY:
0.55
ETL2.DE:
-0.17
SPY:
0.94
ETL2.DE:
0.98
SPY:
1.14
ETL2.DE:
-0.11
SPY:
0.61
ETL2.DE:
-0.39
SPY:
2.35
ETL2.DE:
6.60%
SPY:
4.89%
ETL2.DE:
13.22%
SPY:
20.34%
ETL2.DE:
-47.04%
SPY:
-55.19%
ETL2.DE:
-15.27%
SPY:
-4.62%
Returns By Period
In the year-to-date period, ETL2.DE achieves a -2.45% return, which is significantly lower than SPY's -0.25% return. Over the past 10 years, ETL2.DE has underperformed SPY with an annualized return of 3.86%, while SPY has yielded a comparatively higher 12.52% annualized return.
ETL2.DE
-2.45%
1.28%
-0.42%
-3.29%
-4.04%
14.80%
3.86%
SPY
-0.25%
13.42%
-0.66%
11.09%
16.05%
16.24%
12.52%
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ETL2.DE vs. SPY - Expense Ratio Comparison
ETL2.DE has a 0.30% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
ETL2.DE vs. SPY — Risk-Adjusted Performance Rank
ETL2.DE
SPY
ETL2.DE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
ETL2.DE vs. SPY - Dividend Comparison
ETL2.DE has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.23%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.23% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
ETL2.DE vs. SPY - Drawdown Comparison
The maximum ETL2.DE drawdown since its inception was -47.04%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ETL2.DE and SPY. For additional features, visit the drawdowns tool.
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Volatility
ETL2.DE vs. SPY - Volatility Comparison
The current volatility for L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) is 2.93%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.79%. This indicates that ETL2.DE experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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