ETLK.DE vs. EN4C.DE
ETLK.DE (L&G Asia Pacific ex Japan Equity UCITS ETF) and EN4C.DE (L&G Multi-Strategy Enhanced Commodities UCITS ETF) are both exchange-traded funds - ETLK.DE is a Asia Pacific Equities fund tracking the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap, while EN4C.DE is a Commodities fund tracking the Barclays Backwardation Tilt Multi-Strategy Capped. Both are passively managed. Over the past 3 years, ETLK.DE returned 10.15%/yr vs 9.70%/yr for EN4C.DE. At a 0.20 correlation, their price movements are largely independent. ETLK.DE charges 0.10%/yr vs 0.30%/yr for EN4C.DE.
Performance
ETLK.DE vs. EN4C.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETLK.DE achieves a 8.76% return, which is significantly lower than EN4C.DE's 24.44% return.
ETLK.DE
- 1D
- -0.99%
- 1M
- -2.56%
- YTD
- 8.76%
- 6M
- 10.04%
- 1Y
- 13.52%
- 3Y*
- 10.15%
- 5Y*
- 5.51%
- 10Y*
- —
EN4C.DE
- 1D
- -1.57%
- 1M
- 0.45%
- YTD
- 24.44%
- 6M
- 23.08%
- 1Y
- 29.56%
- 3Y*
- 9.70%
- 5Y*
- —
- 10Y*
- —
ETLK.DE vs. EN4C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETLK.DE L&G Asia Pacific ex Japan Equity UCITS ETF | 8.76% | 7.52% | 11.54% | 1.26% | -0.49% | 2.86% |
EN4C.DE L&G Multi-Strategy Enhanced Commodities UCITS ETF | 24.44% | -3.13% | 9.93% | -5.63% | 29.83% | 10.18% |
Correlation
The correlation between ETLK.DE and EN4C.DE is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.20 |
The correlation between ETLK.DE and EN4C.DE shifts across timeframes, from -0.04 (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
ETLK.DE vs. EN4C.DE — Risk / Return Rank
ETLK.DE
EN4C.DE
ETLK.DE vs. EN4C.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) and L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.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.
| ETLK.DE | EN4C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.29 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 3.44 | -1.11 |
| Martin ratioReturn relative to average drawdown | 6.47 | 8.36 | -1.89 |
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
| ETLK.DE | EN4C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 1.69 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.72 | -0.33 |
Drawdowns
ETLK.DE vs. EN4C.DE - Drawdown Comparison
The maximum ETLK.DE drawdown since its inception was -36.72%, which is greater than EN4C.DE's maximum drawdown of -25.41%. Use the drawdown chart below to compare losses from any high point for ETLK.DE and EN4C.DE.
Loading charts...
Drawdown Indicators
| ETLK.DE | EN4C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.72% | -25.41% | -11.31% |
Max Drawdown (1Y)Largest decline over 1 year | -5.98% | -8.81% | +2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -19.89% | -17.63% | -2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -19.89% | — | — |
Current DrawdownCurrent decline from peak | -2.56% | -4.02% | +1.46% |
Average DrawdownAverage peak-to-trough decline | -5.76% | -13.89% | +8.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 3.64% | -1.48% |
Volatility
ETLK.DE vs. EN4C.DE - Volatility Comparison
The current volatility for L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) is 3.38%, while L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.DE) has a volatility of 5.98%. This indicates that ETLK.DE experiences smaller price fluctuations and is considered to be less risky than EN4C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETLK.DE | EN4C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 5.98% | -2.60% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 14.54% | -5.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.02% | 17.98% | -5.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 18.11% | -3.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 18.11% | +0.10% |
ETLK.DE vs. EN4C.DE - Expense Ratio Comparison
ETLK.DE has a 0.10% expense ratio, which is lower than EN4C.DE's 0.30% expense ratio.
Dividends
ETLK.DE vs. EN4C.DE - Dividend Comparison
Neither ETLK.DE nor EN4C.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLK.DE and EN4C.DE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLK.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLK.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for EN4C.DE.
ETLK.DE is categorized as Asia Pacific Equities, while EN4C.DE is Commodities. ETLK.DE tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap, while EN4C.DE tracks Barclays Backwardation Tilt Multi-Strategy Capped. Their fees differ too: 0.10% for ETLK.DE and 0.30% for EN4C.DE.
Find the right allocation for ETLK.DE and EN4C.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