EXXY.DE vs. ETLF.DE
EXXY.DE (iShares Diversified Commodity Swap UCITS ETF (DE)) and ETLF.DE (L&G All Commodities UCITS ETF) are both Commodities funds tracking the Bloomberg Commodity, from iShares and Legal & General respectively. Both are passively managed. Over the past 5 years, EXXY.DE returned 11.46%/yr vs 12.26%/yr for ETLF.DE. With a 0.98 correlation, they move nearly in lockstep. EXXY.DE charges 0.46%/yr vs 0.15%/yr for ETLF.DE.
Performance
EXXY.DE vs. ETLF.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with EXXY.DE having a 23.43% return and ETLF.DE slightly higher at 23.78%.
EXXY.DE
- 1D
- -1.47%
- 1M
- -3.12%
- YTD
- 23.43%
- 6M
- 24.08%
- 1Y
- 33.97%
- 3Y*
- 11.64%
- 5Y*
- 11.46%
- 10Y*
- 5.66%
ETLF.DE
- 1D
- -1.48%
- 1M
- -2.99%
- YTD
- 23.78%
- 6M
- 24.44%
- 1Y
- 35.03%
- 3Y*
- 12.51%
- 5Y*
- 12.26%
- 10Y*
- —
EXXY.DE vs. ETLF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXXY.DE iShares Diversified Commodity Swap UCITS ETF (DE) | 23.43% | 3.90% | 10.13% | -10.90% | 21.43% | 38.49% | -14.34% | 8.73% | -6.18% | 2.26% |
ETLF.DE L&G All Commodities UCITS ETF | 23.78% | 4.67% | 10.97% | -10.24% | 21.51% | 40.15% | -13.51% | 9.35% | -5.45% | 2.32% |
Correlation
The correlation between EXXY.DE and ETLF.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2017 | 0.98 |
The correlation between EXXY.DE and ETLF.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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
EXXY.DE vs. ETLF.DE — Risk / Return Rank
EXXY.DE
ETLF.DE
EXXY.DE vs. ETLF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE) and L&G All Commodities UCITS ETF (ETLF.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.
| EXXY.DE | ETLF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.34 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 3.96 | -0.19 |
| Martin ratioReturn relative to average drawdown | 8.41 | 8.79 | -0.38 |
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
| EXXY.DE | ETLF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 1.86 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.71 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.53 | -0.51 |
Drawdowns
EXXY.DE vs. ETLF.DE - Drawdown Comparison
The maximum EXXY.DE drawdown since its inception was -65.58%, which is greater than ETLF.DE's maximum drawdown of -28.78%. Use the drawdown chart below to compare losses from any high point for EXXY.DE and ETLF.DE.
Loading charts...
Drawdown Indicators
| EXXY.DE | ETLF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -28.78% | -36.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -8.80% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -16.31% | -15.96% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -28.03% | -27.00% | -1.03% |
Max Drawdown (10Y)Largest decline over 10 years | -33.54% | — | — |
Current DrawdownCurrent decline from peak | -16.97% | -4.91% | -12.06% |
Average DrawdownAverage peak-to-trough decline | -40.08% | -12.13% | -27.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.03% | 3.97% | +0.06% |
Volatility
EXXY.DE vs. ETLF.DE - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE) and L&G All Commodities UCITS ETF (ETLF.DE) have volatilities of 5.99% and 5.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EXXY.DE | ETLF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 5.93% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 16.80% | 16.60% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.98% | 18.79% | +0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 17.09% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 15.59% | -0.27% |
EXXY.DE vs. ETLF.DE - Expense Ratio Comparison
EXXY.DE has a 0.46% expense ratio, which is higher than ETLF.DE's 0.15% expense ratio.
Dividends
EXXY.DE vs. ETLF.DE - Dividend Comparison
Neither EXXY.DE nor ETLF.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, EXXY.DE and ETLF.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ETLF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLF.DE is cheaper with a 0.15% expense ratio, compared with 0.46% for EXXY.DE.
Both ETFs track Bloomberg Commodity. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.46% for EXXY.DE and 0.15% for ETLF.DE.
Find the right allocation for EXXY.DE and ETLF.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