ETRA.L vs. LUK2.L
ETRA.L (L&G New Energy Commodities UCITS ETF USD Acc) and LUK2.L (L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF) are both exchange-traded funds - ETRA.L is a Commodities fund tracking the Solactive Energy Transition Commodity Total Return Index, while LUK2.L is a Technology Equities fund tracking the L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF. Both are passively managed. Over the past year, ETRA.L returned 28.20% vs 34.49% for LUK2.L. At a 0.21 correlation, their price movements are largely independent. ETRA.L charges 0.65%/yr vs 0.50%/yr for LUK2.L.
Performance
ETRA.L vs. LUK2.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETRA.L achieves a 9.29% return, which is significantly lower than LUK2.L's 10.52% return.
ETRA.L
- 1D
- 0.00%
- 1M
- -1.63%
- 6M
- 1.76%
- YTD
- 9.29%
- 1Y
- 28.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LUK2.L
- 1D
- -0.45%
- 1M
- 0.70%
- 6M
- 5.28%
- YTD
- 10.52%
- 1Y
- 34.49%
- 3Y*
- 23.66%
- 5Y*
- 16.82%
- 10Y*
- 10.28%
ETRA.L vs. LUK2.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETRA.L L&G New Energy Commodities UCITS ETF USD Acc | 9.29% | 19.38% | -20.97% |
LUK2.L L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF | 10.52% | 43.73% | 2.61% |
Correlation
The correlation between ETRA.L and LUK2.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2024 | 0.21 |
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
ETRA.L vs. LUK2.L — Risk / Return Rank
ETRA.L
LUK2.L
ETRA.L vs. LUK2.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 FTSE 100 Leveraged (Daily 2x) UCITS ETF (LUK2.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ETRA.L | LUK2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.28 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.84 | -0.72 |
| Martin ratioReturn relative to average drawdown | 2.11 | 5.39 | -3.28 |
Loading charts...
Drawdowns
ETRA.L vs. LUK2.L - Drawdown Comparison
The maximum ETRA.L drawdown since its inception was -26.76%, smaller than the maximum LUK2.L drawdown of -58.84%. Use the drawdown chart below to compare losses from any high point for ETRA.L and LUK2.L.
Loading charts...
Drawdown Indicators
| ETRA.L | LUK2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.76% | -58.84% | +32.08% |
Max Drawdown (1Y)Largest decline over 1 year | -25.14% | -18.55% | -6.59% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.84% | — |
Current DrawdownCurrent decline from peak | -11.10% | -8.09% | -3.01% |
Average DrawdownAverage peak-to-trough decline | -18.76% | -10.68% | -8.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.34% | 6.34% | +7.00% |
Volatility
ETRA.L vs. LUK2.L - Volatility Comparison
The current volatility for L&G New Energy Commodities UCITS ETF USD Acc (ETRA.L) is 4.48%, while L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF (LUK2.L) has a volatility of 6.11%. This indicates that ETRA.L experiences smaller price fluctuations and is considered to be less risky than LUK2.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETRA.L | LUK2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.48% | 6.11% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 19.64% | -8.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.84% | 22.61% | +21.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.96% | 25.61% | +7.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.96% | 29.65% | +3.31% |
ETRA.L vs. LUK2.L - Expense Ratio Comparison
ETRA.L has a 0.65% expense ratio, which is higher than LUK2.L's 0.50% expense ratio.
Dividends
ETRA.L vs. LUK2.L - Dividend Comparison
Neither ETRA.L nor LUK2.L has paid dividends to shareholders.
Frequently Asked Questions
ETRA.L and LUK2.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LUK2.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LUK2.L is cheaper with a 0.50% expense ratio, compared with 0.65% for ETRA.L.
ETRA.L is categorized as Commodities, while LUK2.L is Technology Equities. ETRA.L tracks Solactive Energy Transition Commodity Total Return Index, while LUK2.L tracks L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF. Their fees differ too: 0.65% for ETRA.L and 0.50% for LUK2.L.
Find the right allocation for ETRA.L and LUK2.L
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