ETRA.L vs. ENCG.L
Compare and contrast key facts about L&G New Energy Commodities UCITS ETF USD Acc (ETRA.L) and L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.L).
ETRA.L and ENCG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETRA.L is a passively managed fund by L&G that tracks the performance of the Solactive Energy Transition Commodity Total Return Index. It was launched on Apr 15, 2024. ENCG.L is a passively managed fund by Legal & General that tracks the performance of the Barclays Backwardation Tilt Multi-Strategy Capped. It was launched on Jul 5, 2021. Both ETRA.L and ENCG.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ETRA.L vs. ENCG.L - Performance Comparison
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ETRA.L vs. ENCG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETRA.L L&G New Energy Commodities UCITS ETF USD Acc | 10.07% | 19.38% | -2.27% |
ENCG.L L&G Multi-Strategy Enhanced Commodities UCITS ETF | 20.48% | 0.89% | -3.10% |
Returns By Period
In the year-to-date period, ETRA.L achieves a 10.07% return, which is significantly lower than ENCG.L's 20.48% return.
ETRA.L
- 1D
- -0.49%
- 1M
- 2.14%
- YTD
- 10.07%
- 6M
- 24.41%
- 1Y
- 25.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENCG.L
- 1D
- -2.81%
- 1M
- 7.92%
- YTD
- 20.48%
- 6M
- 21.71%
- 1Y
- 17.04%
- 3Y*
- 7.44%
- 5Y*
- —
- 10Y*
- —
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ETRA.L vs. ENCG.L - Expense Ratio Comparison
ETRA.L has a 0.65% expense ratio, which is higher than ENCG.L's 0.30% expense ratio.
Return for Risk
ETRA.L vs. ENCG.L — Risk / Return Rank
ETRA.L
ENCG.L
ETRA.L vs. ENCG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G New Energy Commodities UCITS ETF USD Acc (ETRA.L) and L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.L). 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.
| ETRA.L | ENCG.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.77 | 1.03 | +0.73 |
Sortino ratioReturn per unit of downside risk | 2.39 | 1.43 | +0.95 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.20 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.06 | +0.96 |
Martin ratioReturn relative to average drawdown | 8.81 | 4.77 | +4.04 |
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
| ETRA.L | ENCG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 1.03 | +0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.79 | +0.26 |
Correlation
The correlation between ETRA.L and ENCG.L is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ETRA.L vs. ENCG.L - Dividend Comparison
Neither ETRA.L nor ENCG.L has paid dividends to shareholders.
Drawdowns
ETRA.L vs. ENCG.L - Drawdown Comparison
The maximum ETRA.L drawdown since its inception was -15.11%, smaller than the maximum ENCG.L drawdown of -26.32%. Use the drawdown chart below to compare losses from any high point for ETRA.L and ENCG.L.
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Drawdown Indicators
| ETRA.L | ENCG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.11% | -26.32% | +11.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -10.66% | +1.90% |
Current DrawdownCurrent decline from peak | -0.80% | -3.27% | +2.47% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -13.47% | +6.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 3.62% | -0.64% |
Volatility
ETRA.L vs. ENCG.L - Volatility Comparison
The current volatility for L&G New Energy Commodities UCITS ETF USD Acc (ETRA.L) is 3.63%, while L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.L) has a volatility of 7.63%. This indicates that ETRA.L experiences smaller price fluctuations and is considered to be less risky than ENCG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETRA.L | ENCG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 7.63% | -4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 11.38% | 11.79% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.32% | 16.45% | -2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.98% | 17.88% | -4.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.98% | 17.88% | -4.90% |