ETLH.DE vs. ETL2.DE
ETLH.DE (L&G Ecommerce Logistics UCITS ETF) and ETL2.DE (L&G Longer Dated All Commodities UCITS ETF) are both exchange-traded funds - ETLH.DE is a Technology Equities fund tracking the Solactive eCommerce Logistics, while ETL2.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 5 years, ETLH.DE returned 2.34%/yr vs 13.12%/yr for ETL2.DE. At a 0.19 correlation, their price movements are largely independent. ETLH.DE charges 0.49%/yr vs 0.30%/yr for ETL2.DE.
Performance
ETLH.DE vs. ETL2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETLH.DE achieves a 0.49% return, which is significantly lower than ETL2.DE's 18.23% return.
ETLH.DE
- 1D
- 1.09%
- 1M
- 4.11%
- YTD
- 0.49%
- 6M
- 1.45%
- 1Y
- 4.62%
- 3Y*
- 5.96%
- 5Y*
- 2.34%
- 10Y*
- —
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%
ETLH.DE vs. ETL2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ETLH.DE L&G Ecommerce Logistics UCITS ETF | 0.49% | -0.43% | 8.79% | 17.72% | -16.87% | 27.97% | 30.38% | 35.30% | -10.20% |
ETL2.DE L&G Longer Dated All Commodities UCITS ETF | 18.23% | 4.89% | 11.54% | -9.44% | 24.86% | 46.17% | -7.55% | 10.85% | -1.40% |
Correlation
The correlation between ETLH.DE and ETL2.DE is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2018 | 0.19 |
The correlation between ETLH.DE and ETL2.DE shifts across timeframes, from -0.12 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ETLH.DE vs. ETL2.DE — Risk / Return Rank
ETLH.DE
ETL2.DE
ETLH.DE vs. ETL2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Ecommerce Logistics UCITS ETF (ETLH.DE) and L&G Longer Dated All Commodities UCITS ETF (ETL2.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.
| ETLH.DE | ETL2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.33 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 3.59 | -3.22 |
| Martin ratioReturn relative to average drawdown | 0.96 | 8.20 | -7.24 |
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
| ETLH.DE | ETL2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 1.87 | -1.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | 0.84 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.25 | +0.30 |
Drawdowns
ETLH.DE vs. ETL2.DE - Drawdown Comparison
The maximum ETLH.DE drawdown since its inception was -27.60%, smaller than the maximum ETL2.DE drawdown of -47.04%. Use the drawdown chart below to compare losses from any high point for ETLH.DE and ETL2.DE.
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Drawdown Indicators
| ETLH.DE | ETL2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.60% | -47.04% | +19.44% |
Max Drawdown (1Y)Largest decline over 1 year | -12.61% | -7.90% | -4.71% |
Max Drawdown (3Y)Largest decline over 3 years | -25.70% | -15.06% | -10.64% |
Max Drawdown (5Y)Largest decline over 5 years | -26.37% | -23.27% | -3.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.50% | — |
Current DrawdownCurrent decline from peak | -7.50% | -3.57% | -3.93% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -21.90% | +13.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.89% | 3.46% | +1.43% |
Volatility
ETLH.DE vs. ETL2.DE - Volatility Comparison
The current volatility for L&G Ecommerce Logistics UCITS ETF (ETLH.DE) is 4.00%, while L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) has a volatility of 4.60%. This indicates that ETLH.DE experiences smaller price fluctuations and is considered to be less risky than ETL2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETLH.DE | ETL2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 4.60% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 12.74% | -2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.85% | 15.15% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.60% | 15.44% | +1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 13.69% | +3.80% |
ETLH.DE vs. ETL2.DE - Expense Ratio Comparison
ETLH.DE has a 0.49% expense ratio, which is higher than ETL2.DE's 0.30% expense ratio.
Dividends
ETLH.DE vs. ETL2.DE - Dividend Comparison
Neither ETLH.DE nor ETL2.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLH.DE and ETL2.DE have a correlation of -0.12, 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 ETLH.DE.
ETLH.DE is categorized as Technology Equities, while ETL2.DE is Commodities. ETLH.DE tracks Solactive eCommerce Logistics, while ETL2.DE tracks Bloomberg Commodity 3 Month Forward. Their fees differ too: 0.49% for ETLH.DE and 0.30% for ETL2.DE.
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