IBB1.DE vs. ETL2.DE
IBB1.DE (iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Dist) and ETL2.DE (L&G Longer Dated All Commodities UCITS ETF) are both exchange-traded funds - IBB1.DE is a Intermediate Core Bond fund tracking the ICE U.S. Treasury 7-10 Year Bond Index, while ETL2.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 5 years, IBB1.DE returned -2.93%/yr vs 13.12%/yr for ETL2.DE. At a correlation of -0.20, they often move in opposite directions. IBB1.DE charges 0.10%/yr vs 0.30%/yr for ETL2.DE.
Performance
IBB1.DE vs. ETL2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBB1.DE achieves a -1.42% return, which is significantly lower than ETL2.DE's 18.23% return.
IBB1.DE
- 1D
- 0.12%
- 1M
- -0.59%
- YTD
- -1.42%
- 6M
- -1.33%
- 1Y
- 1.68%
- 3Y*
- 0.63%
- 5Y*
- -2.93%
- 10Y*
- —
ETL2.DE
- 1D
- -1.24%
- 1M
- 0.52%
- YTD
- 18.23%
- 6M
- 18.72%
- 1Y
- 27.69%
- 3Y*
- 10.87%
- 5Y*
- 13.12%
- 10Y*
- 8.17%
IBB1.DE vs. ETL2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IBB1.DE iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Dist | -1.42% | 6.10% | -2.30% | 1.22% | -16.97% | -3.92% | 8.37% | 5.46% |
ETL2.DE L&G Longer Dated All Commodities UCITS ETF | 18.23% | 4.89% | 11.54% | -9.44% | 24.86% | 46.17% | -7.55% | 3.40% |
Correlation
The correlation between IBB1.DE and ETL2.DE is -0.42, 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 | -0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2019 | -0.20 |
Over the past year, the inverse relationship between IBB1.DE and ETL2.DE has strengthened: their correlation has moved from -0.20 to -0.42, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
IBB1.DE vs. ETL2.DE — Risk / Return Rank
IBB1.DE
ETL2.DE
IBB1.DE vs. ETL2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Dist (IBB1.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.
| IBB1.DE | ETL2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.33 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 3.59 | -3.24 |
| Martin ratioReturn relative to average drawdown | 1.05 | 8.20 | -7.14 |
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
| IBB1.DE | ETL2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.87 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | 0.84 | -1.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 0.25 | -0.37 |
Drawdowns
IBB1.DE vs. ETL2.DE - Drawdown Comparison
The maximum IBB1.DE drawdown since its inception was -27.50%, smaller than the maximum ETL2.DE drawdown of -47.04%. Use the drawdown chart below to compare losses from any high point for IBB1.DE and ETL2.DE.
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Drawdown Indicators
| IBB1.DE | ETL2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.50% | -47.04% | +19.54% |
Max Drawdown (1Y)Largest decline over 1 year | -4.42% | -7.90% | +3.48% |
Max Drawdown (3Y)Largest decline over 3 years | -7.84% | -15.06% | +7.22% |
Max Drawdown (5Y)Largest decline over 5 years | -24.54% | -23.27% | -1.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.50% | — |
Current DrawdownCurrent decline from peak | -19.67% | -3.57% | -16.10% |
Average DrawdownAverage peak-to-trough decline | -13.52% | -21.90% | +8.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 3.46% | -1.99% |
Volatility
IBB1.DE vs. ETL2.DE - Volatility Comparison
The current volatility for iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Dist (IBB1.DE) is 1.82%, while L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) has a volatility of 4.60%. This indicates that IBB1.DE experiences smaller price fluctuations and is considered to be less risky 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
| IBB1.DE | ETL2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.82% | 4.60% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | 12.74% | -9.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 15.15% | -10.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.45% | 15.44% | -7.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.05% | 13.69% | -6.64% |
IBB1.DE vs. ETL2.DE - Expense Ratio Comparison
IBB1.DE has a 0.10% expense ratio, which is lower than ETL2.DE's 0.30% expense ratio.
Dividends
IBB1.DE vs. ETL2.DE - Dividend Comparison
IBB1.DE's dividend yield for the trailing twelve months is around 4.35%, while ETL2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
IBB1.DE iShares $ Treasury Bond 7-10yr UCITS ETF EUR Hedged Dist | 4.35% | 4.12% | 3.98% | 3.06% | 2.05% | 1.15% | 1.56% | 1.68% |
Frequently Asked Questions
IBB1.DE and ETL2.DE have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBB1.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBB1.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for ETL2.DE.
IBB1.DE is categorized as Intermediate Core Bond, while ETL2.DE is Commodities. IBB1.DE tracks ICE U.S. Treasury 7-10 Year Bond Index, while ETL2.DE tracks Bloomberg Commodity 3 Month Forward. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.10% for IBB1.DE and 0.30% for ETL2.DE.
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