ETLF.DE vs. ENTR.DE
ETLF.DE (L&G All Commodities UCITS ETF) and ENTR.DE (L&G New Energy Commodities UCITS ETF USD Accumulating) are both Commodities funds from Legal & General - ETLF.DE tracks the Bloomberg Commodity while ENTR.DE tracks the Solactive Energy Transition Commodity. Both are passively managed. Over the past year, ETLF.DE returned 34.57% vs 36.69% for ENTR.DE. A 0.60 correlation means they provide meaningful diversification when combined. ETLF.DE charges 0.15%/yr vs 0.65%/yr for ENTR.DE.
Performance
ETLF.DE vs. ENTR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLF.DE achieves a 23.78% return, which is significantly higher than ENTR.DE's 12.78% return.
ETLF.DE
- 1D
- -1.48%
- 1M
- -0.32%
- YTD
- 23.78%
- 6M
- 22.90%
- 1Y
- 34.57%
- 3Y*
- 12.51%
- 5Y*
- 12.26%
- 10Y*
- —
ENTR.DE
- 1D
- -0.84%
- 1M
- 0.87%
- YTD
- 12.78%
- 6M
- 22.77%
- 1Y
- 36.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETLF.DE vs. ENTR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETLF.DE L&G All Commodities UCITS ETF | 23.78% | 4.67% | 1.80% |
ENTR.DE L&G New Energy Commodities UCITS ETF USD Accumulating | 12.78% | 17.08% | -0.06% |
Correlation
The correlation between ETLF.DE and ENTR.DE is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2024 | 0.60 |
The correlation between ETLF.DE and ENTR.DE has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.
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Return for Risk
ETLF.DE vs. ENTR.DE — Risk / Return Rank
ETLF.DE
ENTR.DE
ETLF.DE vs. ENTR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G All Commodities UCITS ETF (ETLF.DE) and L&G New Energy Commodities UCITS ETF USD Accumulating (ENTR.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.
| ETLF.DE | ENTR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.41 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 3.86 | +0.10 |
| Martin ratioReturn relative to average drawdown | 8.79 | 13.56 | -4.77 |
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
| ETLF.DE | ENTR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 2.27 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.92 | -0.39 |
Drawdowns
ETLF.DE vs. ENTR.DE - Drawdown Comparison
The maximum ETLF.DE drawdown since its inception was -28.78%, which is greater than ENTR.DE's maximum drawdown of -14.17%. Use the drawdown chart below to compare losses from any high point for ETLF.DE and ENTR.DE.
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Drawdown Indicators
| ETLF.DE | ENTR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.78% | -14.17% | -14.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.80% | -9.72% | +0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -15.96% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.00% | — | — |
Current DrawdownCurrent decline from peak | -4.91% | -2.59% | -2.32% |
Average DrawdownAverage peak-to-trough decline | -12.13% | -5.85% | -6.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 2.77% | +1.20% |
Volatility
ETLF.DE vs. ENTR.DE - Volatility Comparison
L&G All Commodities UCITS ETF (ETLF.DE) has a higher volatility of 5.93% compared to L&G New Energy Commodities UCITS ETF USD Accumulating (ENTR.DE) at 4.62%. This indicates that ETLF.DE's price experiences larger fluctuations and is considered to be riskier than ENTR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETLF.DE | ENTR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 4.62% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 16.60% | 13.78% | +2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.79% | 16.50% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 15.02% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 15.02% | +0.57% |
ETLF.DE vs. ENTR.DE - Expense Ratio Comparison
ETLF.DE has a 0.15% expense ratio, which is lower than ENTR.DE's 0.65% expense ratio.
Dividends
ETLF.DE vs. ENTR.DE - Dividend Comparison
Neither ETLF.DE nor ENTR.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLF.DE and ENTR.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLF.DE is cheaper with a 0.15% expense ratio, compared with 0.65% for ENTR.DE.
ETLF.DE tracks Bloomberg Commodity, while ENTR.DE tracks Solactive Energy Transition Commodity. Their fees differ too: 0.15% for ETLF.DE and 0.65% for ENTR.DE.
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