ETL2.DE vs. XMLC.DE
ETL2.DE (L&G Longer Dated All Commodities UCITS ETF) and XMLC.DE (L&G Clean Water UCITS ETF) are both exchange-traded funds - ETL2.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward, while XMLC.DE is a Water Equities fund tracking the Solactive Clean Water. Both are passively managed. Over the past 5 years, ETL2.DE returned 13.12%/yr vs 6.47%/yr for XMLC.DE. At a 0.20 correlation, their price movements are largely independent. ETL2.DE charges 0.30%/yr vs 0.49%/yr for XMLC.DE.
Performance
ETL2.DE vs. XMLC.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETL2.DE achieves a 18.23% return, which is significantly higher than XMLC.DE's 2.11% 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%
XMLC.DE
- 1D
- 0.01%
- 1M
- -3.12%
- YTD
- 2.11%
- 6M
- 1.40%
- 1Y
- 7.18%
- 3Y*
- 8.21%
- 5Y*
- 6.47%
- 10Y*
- —
ETL2.DE vs. XMLC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ETL2.DE L&G Longer Dated All Commodities UCITS ETF | 18.23% | 4.89% | 11.54% | -9.44% | 24.86% | 46.17% | -7.55% | 3.72% |
XMLC.DE L&G Clean Water UCITS ETF | 2.11% | 3.88% | 9.96% | 17.08% | -12.64% | 37.15% | 7.97% | 11.56% |
Correlation
The correlation between ETL2.DE and XMLC.DE is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2019 | 0.20 |
The correlation between ETL2.DE and XMLC.DE shifts across timeframes, from -0.16 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETL2.DE vs. XMLC.DE — Risk / Return Rank
ETL2.DE
XMLC.DE
ETL2.DE vs. XMLC.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 Clean Water UCITS ETF (XMLC.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 | XMLC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.09 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 0.62 | +2.97 |
| Martin ratioReturn relative to average drawdown | 8.20 | 1.60 | +6.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ETL2.DE | XMLC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 0.48 | +1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.41 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.56 | -0.31 |
Drawdowns
ETL2.DE vs. XMLC.DE - Drawdown Comparison
The maximum ETL2.DE drawdown since its inception was -47.04%, which is greater than XMLC.DE's maximum drawdown of -35.25%. Use the drawdown chart below to compare losses from any high point for ETL2.DE and XMLC.DE.
Loading charts...
Drawdown Indicators
| ETL2.DE | XMLC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.04% | -35.25% | -11.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.90% | -11.02% | +3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -15.06% | -19.51% | +4.45% |
Max Drawdown (5Y)Largest decline over 5 years | -23.27% | -20.54% | -2.73% |
Max Drawdown (10Y)Largest decline over 10 years | -26.50% | — | — |
Current DrawdownCurrent decline from peak | -3.57% | -7.57% | +4.00% |
Average DrawdownAverage peak-to-trough decline | -21.90% | -6.31% | -15.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 4.28% | -0.82% |
Volatility
ETL2.DE vs. XMLC.DE - Volatility Comparison
L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) has a higher volatility of 4.60% compared to L&G Clean Water UCITS ETF (XMLC.DE) at 4.03%. This indicates that ETL2.DE's price experiences larger fluctuations and is considered to be riskier than XMLC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETL2.DE | XMLC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 4.03% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 12.74% | 10.79% | +1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.15% | 14.11% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.44% | 15.51% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.69% | 18.66% | -4.97% |
ETL2.DE vs. XMLC.DE - Expense Ratio Comparison
ETL2.DE has a 0.30% expense ratio, which is lower than XMLC.DE's 0.49% expense ratio.
Dividends
ETL2.DE vs. XMLC.DE - Dividend Comparison
Neither ETL2.DE nor XMLC.DE has paid dividends to shareholders.
Frequently Asked Questions
ETL2.DE and XMLC.DE have a correlation of -0.16, 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 XMLC.DE.
ETL2.DE is categorized as Commodities, while XMLC.DE is Water Equities. ETL2.DE tracks Bloomberg Commodity 3 Month Forward, while XMLC.DE tracks Solactive Clean Water. Their fees differ too: 0.30% for ETL2.DE and 0.49% for XMLC.DE.
Find the right allocation for ETL2.DE and XMLC.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer