EXV8.DE vs. ETL2.DE
EXV8.DE (iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE)) and ETL2.DE (L&G Longer Dated All Commodities UCITS ETF) are both exchange-traded funds - EXV8.DE is a Industrials Equities fund tracking the STOXX® Europe 600 Construction & Materials, while ETL2.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 10 years, EXV8.DE returned 10.37%/yr vs 8.17%/yr for ETL2.DE. At a 0.17 correlation, their price movements are largely independent. EXV8.DE charges 0.46%/yr vs 0.30%/yr for ETL2.DE.
Performance
EXV8.DE vs. ETL2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXV8.DE achieves a 1.00% return, which is significantly lower than ETL2.DE's 18.23% return. Over the past 10 years, EXV8.DE has outperformed ETL2.DE with an annualized return of 10.37%, while ETL2.DE has yielded a comparatively lower 8.17% annualized return.
EXV8.DE
- 1D
- 0.17%
- 1M
- -1.18%
- YTD
- 1.00%
- 6M
- 3.34%
- 1Y
- 7.54%
- 3Y*
- 15.58%
- 5Y*
- 9.70%
- 10Y*
- 10.37%
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%
EXV8.DE vs. ETL2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXV8.DE iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) | 1.00% | 25.00% | 6.42% | 33.57% | -18.92% | 32.25% | -2.02% | 42.92% | -17.87% | 10.41% |
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 EXV8.DE and ETL2.DE is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 7, 2010 | 0.17 |
The correlation between EXV8.DE and ETL2.DE shifts across timeframes, from -0.25 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EXV8.DE vs. ETL2.DE — Risk / Return Rank
EXV8.DE
ETL2.DE
EXV8.DE vs. ETL2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.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.
| EXV8.DE | ETL2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.33 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 3.59 | -3.10 |
| Martin ratioReturn relative to average drawdown | 1.50 | 8.20 | -6.69 |
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
| EXV8.DE | ETL2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | 1.87 | -1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.84 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.59 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.25 | +0.19 |
Drawdowns
EXV8.DE vs. ETL2.DE - Drawdown Comparison
The maximum EXV8.DE drawdown since its inception was -66.09%, 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 EXV8.DE and ETL2.DE.
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Drawdown Indicators
| EXV8.DE | ETL2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.09% | -47.04% | -19.05% |
Max Drawdown (1Y)Largest decline over 1 year | -15.30% | -7.90% | -7.40% |
Max Drawdown (3Y)Largest decline over 3 years | -16.83% | -15.06% | -1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -29.23% | -23.27% | -5.96% |
Max Drawdown (10Y)Largest decline over 10 years | -42.81% | -26.50% | -16.31% |
Current DrawdownCurrent decline from peak | -6.66% | -3.57% | -3.09% |
Average DrawdownAverage peak-to-trough decline | -15.00% | -21.90% | +6.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.00% | 3.46% | +1.54% |
Volatility
EXV8.DE vs. ETL2.DE - Volatility Comparison
iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.DE) has a higher volatility of 6.24% compared to L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) at 4.60%. This indicates that EXV8.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
| EXV8.DE | ETL2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.24% | 4.60% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 16.12% | 12.74% | +3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.72% | 15.15% | +4.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.47% | 15.44% | +4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.26% | 13.69% | +6.57% |
EXV8.DE vs. ETL2.DE - Expense Ratio Comparison
EXV8.DE has a 0.46% expense ratio, which is higher than ETL2.DE's 0.30% expense ratio.
Dividends
EXV8.DE vs. ETL2.DE - Dividend Comparison
EXV8.DE's dividend yield for the trailing twelve months is around 1.39%, 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% |
EXV8.DE iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) | 1.39% | 1.39% | 1.69% | 1.59% | 1.78% | 1.34% | 0.53% | 1.55% | 1.66% | 2.87% | 2.80% | 2.79% |
Frequently Asked Questions
EXV8.DE and ETL2.DE have a correlation of -0.25, 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 0.46% for EXV8.DE.
EXV8.DE is categorized as Industrials Equities, while ETL2.DE is Commodities. EXV8.DE tracks STOXX® Europe 600 Construction & Materials, while ETL2.DE tracks Bloomberg Commodity 3 Month Forward. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.46% for EXV8.DE and 0.30% for ETL2.DE.
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