ETLF.DE vs. XSVT.DE
ETLF.DE (L&G All Commodities UCITS ETF) and XSVT.DE (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C) are both Commodities funds - ETLF.DE tracks the Bloomberg Commodity 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, ETLF.DE returned 12.51%/yr vs 16.36%/yr for XSVT.DE. Their correlation of 0.91 suggests significant overlap in exposure. ETLF.DE charges 0.15%/yr vs 0.29%/yr for XSVT.DE.
Performance
ETLF.DE vs. XSVT.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 XSVT.DE's 21.63% 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*
- —
XSVT.DE
- 1D
- -0.53%
- 1M
- 3.03%
- YTD
- 21.63%
- 6M
- 24.91%
- 1Y
- 42.37%
- 3Y*
- 16.36%
- 5Y*
- —
- 10Y*
- —
ETLF.DE vs. XSVT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ETLF.DE L&G All Commodities UCITS ETF | 23.78% | 4.67% | 10.97% | -10.24% | 9.24% |
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 ETLF.DE and XSVT.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022 | 0.91 |
The correlation between ETLF.DE and XSVT.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
ETLF.DE vs. XSVT.DE — Risk / Return Rank
ETLF.DE
XSVT.DE
ETLF.DE vs. XSVT.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 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.
| ETLF.DE | XSVT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.41 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 4.58 | -0.62 |
| Martin ratioReturn relative to average drawdown | 8.79 | 10.89 | -2.10 |
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 | XSVT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 2.31 | -0.46 |
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 | 0.61 | -0.08 |
Drawdowns
ETLF.DE vs. XSVT.DE - Drawdown Comparison
The maximum ETLF.DE drawdown since its inception was -28.78%, roughly equal to the maximum XSVT.DE drawdown of -27.57%. Use the drawdown chart below to compare losses from any high point for ETLF.DE and XSVT.DE.
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Drawdown Indicators
| ETLF.DE | XSVT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.78% | -27.57% | -1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.80% | -9.35% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -15.96% | -15.97% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -27.00% | — | — |
Current DrawdownCurrent decline from peak | -4.91% | -1.81% | -3.10% |
Average DrawdownAverage peak-to-trough decline | -12.13% | -14.41% | +2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 3.95% | +0.02% |
Volatility
ETLF.DE vs. XSVT.DE - Volatility Comparison
L&G All Commodities UCITS ETF (ETLF.DE) has a higher volatility of 5.93% compared to Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XSVT.DE) at 4.33%. This indicates that ETLF.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
| ETLF.DE | XSVT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 4.33% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 16.60% | 15.57% | +1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.79% | 18.53% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 18.83% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 18.83% | -3.24% |
ETLF.DE vs. XSVT.DE - Expense Ratio Comparison
ETLF.DE has a 0.15% expense ratio, which is lower than XSVT.DE's 0.29% expense ratio.
Dividends
ETLF.DE vs. XSVT.DE - Dividend Comparison
Neither ETLF.DE nor XSVT.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLF.DE and XSVT.DE have a correlation of 0.90, 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 0.29% for XSVT.DE.
ETLF.DE tracks Bloomberg Commodity, 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: 0.15% for ETLF.DE and 0.29% for XSVT.DE.
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