EXH9.DE vs. ETL2.DE
EXH9.DE (iShares STOXX Europe 600 Utilities UCITS ETF (DE)) and ETL2.DE (L&G Longer Dated All Commodities UCITS ETF) are both exchange-traded funds - EXH9.DE is a Utilities Equities fund tracking the STOXX® Europe 600 Utilities, while ETL2.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 10 years, EXH9.DE returned 10.74%/yr vs 8.17%/yr for ETL2.DE. At a 0.13 correlation, their price movements are largely independent. EXH9.DE charges 0.47%/yr vs 0.30%/yr for ETL2.DE.
Performance
EXH9.DE vs. ETL2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXH9.DE achieves a 12.41% return, which is significantly lower than ETL2.DE's 18.23% return. Over the past 10 years, EXH9.DE has outperformed ETL2.DE with an annualized return of 10.74%, while ETL2.DE has yielded a comparatively lower 8.17% annualized return.
EXH9.DE
- 1D
- -0.18%
- 1M
- -3.20%
- YTD
- 12.41%
- 6M
- 13.56%
- 1Y
- 25.76%
- 3Y*
- 16.47%
- 5Y*
- 11.76%
- 10Y*
- 10.74%
ETL2.DE
- 1D
- -1.24%
- 1M
- -1.51%
- YTD
- 18.23%
- 6M
- 19.58%
- 1Y
- 28.45%
- 3Y*
- 10.87%
- 5Y*
- 13.12%
- 10Y*
- 8.17%
EXH9.DE vs. ETL2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXH9.DE iShares STOXX Europe 600 Utilities UCITS ETF (DE) | 12.41% | 33.92% | 1.25% | 13.58% | -7.50% | 8.84% | 10.88% | 31.91% | 1.47% | 9.93% |
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% | -4.21% | -9.85% |
Correlation
The correlation between EXH9.DE and ETL2.DE is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 7, 2010 | 0.13 |
The correlation between EXH9.DE and ETL2.DE shifts across timeframes, from -0.05 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EXH9.DE vs. ETL2.DE — Risk / Return Rank
EXH9.DE
ETL2.DE
EXH9.DE vs. ETL2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 Utilities UCITS ETF (DE) (EXH9.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.
| EXH9.DE | ETL2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | 3.59 | -0.14 |
| Martin ratioReturn relative to average drawdown | 9.54 | 8.20 | +1.34 |
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
| EXH9.DE | ETL2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 1.87 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.84 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.59 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.25 | +0.17 |
Drawdowns
EXH9.DE vs. ETL2.DE - Drawdown Comparison
The maximum EXH9.DE drawdown since its inception was -51.33%, which is greater than ETL2.DE's maximum drawdown of -47.04%. Use the drawdown chart below to compare losses from any high point for EXH9.DE and ETL2.DE.
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Drawdown Indicators
| EXH9.DE | ETL2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.33% | -47.04% | -4.29% |
Max Drawdown (1Y)Largest decline over 1 year | -7.45% | -7.90% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -13.67% | -15.06% | +1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -22.71% | -23.27% | +0.56% |
Max Drawdown (10Y)Largest decline over 10 years | -33.21% | -26.50% | -6.71% |
Current DrawdownCurrent decline from peak | -5.32% | -3.57% | -1.75% |
Average DrawdownAverage peak-to-trough decline | -16.67% | -21.90% | +5.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 3.46% | -0.77% |
Volatility
EXH9.DE vs. ETL2.DE - Volatility Comparison
iShares STOXX Europe 600 Utilities UCITS ETF (DE) (EXH9.DE) has a higher volatility of 5.89% compared to L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) at 4.60%. This indicates that EXH9.DE's price experiences larger fluctuations and is considered to be riskier 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
| EXH9.DE | ETL2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 4.60% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 12.89% | 12.74% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 15.15% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 15.44% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.03% | 13.69% | +3.34% |
EXH9.DE vs. ETL2.DE - Expense Ratio Comparison
EXH9.DE has a 0.47% expense ratio, which is higher than ETL2.DE's 0.30% expense ratio.
Dividends
EXH9.DE vs. ETL2.DE - Dividend Comparison
EXH9.DE's dividend yield for the trailing twelve months is around 2.61%, while ETL2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETL2.DE L&G Longer Dated All Commodities UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EXH9.DE iShares STOXX Europe 600 Utilities UCITS ETF (DE) | 2.61% | 2.96% | 3.27% | 3.47% | 3.33% | 3.11% | 2.36% | 3.41% | 3.31% | 6.56% | 4.89% | 4.62% |
Frequently Asked Questions
EXH9.DE and ETL2.DE have a correlation of -0.05, 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 0.47% for EXH9.DE.
EXH9.DE is categorized as Utilities Equities, while ETL2.DE is Commodities. EXH9.DE tracks STOXX® Europe 600 Utilities, while ETL2.DE tracks Bloomberg Commodity 3 Month Forward. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.47% for EXH9.DE and 0.30% for ETL2.DE.
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