ETL2.DE vs. XSVT.DE
ETL2.DE (L&G Longer Dated All Commodities UCITS ETF) and XSVT.DE (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C) are both Commodities funds - ETL2.DE tracks the Bloomberg Commodity 3 Month Forward while XSVT.DE tracks the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward. Both are passively managed. Over the past 3 years, ETL2.DE returned 10.87%/yr vs 16.36%/yr for XSVT.DE. Their correlation of 0.91 suggests significant overlap in exposure. ETL2.DE charges 0.30%/yr vs 0.29%/yr for XSVT.DE.
Performance
ETL2.DE vs. XSVT.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 XSVT.DE's 21.63% 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%
XSVT.DE
- 1D
- -0.53%
- 1M
- 3.03%
- YTD
- 21.63%
- 6M
- 24.91%
- 1Y
- 42.37%
- 3Y*
- 16.36%
- 5Y*
- —
- 10Y*
- —
ETL2.DE vs. XSVT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ETL2.DE L&G Longer Dated All Commodities UCITS ETF | 18.23% | 4.89% | 11.54% | -9.44% | 13.51% |
XSVT.DE Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C | 21.63% | 14.36% | 15.10% | -12.67% | 14.63% |
Correlation
The correlation between ETL2.DE and XSVT.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022 | 0.91 |
The correlation between ETL2.DE and XSVT.DE has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
ETL2.DE vs. XSVT.DE — Risk / Return Rank
ETL2.DE
XSVT.DE
ETL2.DE vs. XSVT.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 Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XSVT.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 | XSVT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.41 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 4.58 | -1.00 |
| Martin ratioReturn relative to average drawdown | 8.20 | 10.89 | -2.69 |
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 | XSVT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.31 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | — | — |
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 | 0.61 | -0.36 |
Drawdowns
ETL2.DE vs. XSVT.DE - Drawdown Comparison
The maximum ETL2.DE drawdown since its inception was -47.04%, which is greater than XSVT.DE's maximum drawdown of -27.57%. Use the drawdown chart below to compare losses from any high point for ETL2.DE and XSVT.DE.
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Drawdown Indicators
| ETL2.DE | XSVT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.04% | -27.57% | -19.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.90% | -9.35% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -15.06% | -15.97% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -23.27% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.50% | — | — |
Current DrawdownCurrent decline from peak | -3.57% | -1.81% | -1.76% |
Average DrawdownAverage peak-to-trough decline | -21.90% | -14.41% | -7.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 3.95% | -0.49% |
Volatility
ETL2.DE vs. XSVT.DE - Volatility Comparison
L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) has a higher volatility of 4.60% compared to Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XSVT.DE) at 4.33%. This indicates that ETL2.DE's price experiences larger fluctuations and is considered to be riskier than XSVT.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 | XSVT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 4.33% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 12.74% | 15.57% | -2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.15% | 18.53% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.44% | 18.83% | -3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.69% | 18.83% | -5.14% |
ETL2.DE vs. XSVT.DE - Expense Ratio Comparison
ETL2.DE has a 0.30% expense ratio, which is higher than XSVT.DE's 0.29% expense ratio.
Dividends
ETL2.DE vs. XSVT.DE - Dividend Comparison
Neither ETL2.DE nor XSVT.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, ETL2.DE and XSVT.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XSVT.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSVT.DE is cheaper with a 0.29% expense ratio, compared with 0.30% for ETL2.DE.
ETL2.DE tracks Bloomberg Commodity 3 Month Forward, while XSVT.DE tracks Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward. They also come from different issuers: Legal & General and Xtrackers. Their fees differ too: 0.30% for ETL2.DE and 0.29% for XSVT.DE.
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