INDA.DE vs. ETL2.DE
INDA.DE (Lyxor STOXX Europe 600 Banks UCITS ETF Dist) and ETL2.DE (L&G Longer Dated All Commodities UCITS ETF) are both exchange-traded funds - INDA.DE is a Financials Equities fund tracking the STOXX® Europe 600 Banks, while ETL2.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 10 years, INDA.DE returned 13.89%/yr vs 8.17%/yr for ETL2.DE. At a 0.14 correlation, their price movements are largely independent. Both charge a 0.30% expense ratio.
Performance
INDA.DE vs. ETL2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, INDA.DE achieves a 7.47% return, which is significantly lower than ETL2.DE's 18.23% return. Over the past 10 years, INDA.DE has outperformed ETL2.DE with an annualized return of 13.89%, while ETL2.DE has yielded a comparatively lower 8.17% annualized return.
INDA.DE
- 1D
- 0.46%
- 1M
- 6.24%
- YTD
- 7.47%
- 6M
- 14.62%
- 1Y
- 41.55%
- 3Y*
- 40.68%
- 5Y*
- 26.58%
- 10Y*
- 13.89%
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%
INDA.DE vs. ETL2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INDA.DE Lyxor STOXX Europe 600 Banks UCITS ETF Dist | 7.47% | 76.64% | 32.75% | 22.04% | 1.47% | 37.53% | -23.78% | 15.32% | -25.43% | 11.50% |
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 INDA.DE and ETL2.DE is -0.20, 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 | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 7, 2010 | 0.14 |
The correlation between INDA.DE and ETL2.DE shifts across timeframes, from -0.20 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
INDA.DE vs. ETL2.DE — Risk / Return Rank
INDA.DE
ETL2.DE
INDA.DE vs. ETL2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor STOXX Europe 600 Banks UCITS ETF Dist (INDA.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.
| INDA.DE | ETL2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 3.59 | -0.93 |
| Martin ratioReturn relative to average drawdown | 8.93 | 8.20 | +0.74 |
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
| INDA.DE | ETL2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 1.87 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 0.84 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.59 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.25 | -0.07 |
Drawdowns
INDA.DE vs. ETL2.DE - Drawdown Comparison
The maximum INDA.DE drawdown since its inception was -70.13%, 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 INDA.DE and ETL2.DE.
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Drawdown Indicators
| INDA.DE | ETL2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.13% | -47.04% | -23.09% |
Max Drawdown (1Y)Largest decline over 1 year | -15.59% | -7.90% | -7.69% |
Max Drawdown (3Y)Largest decline over 3 years | -20.38% | -15.06% | -5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -27.77% | -23.27% | -4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -55.08% | -26.50% | -28.58% |
Current DrawdownCurrent decline from peak | -1.73% | -3.57% | +1.84% |
Average DrawdownAverage peak-to-trough decline | -26.50% | -21.90% | -4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.64% | 3.46% | +1.18% |
Volatility
INDA.DE vs. ETL2.DE - Volatility Comparison
Lyxor STOXX Europe 600 Banks UCITS ETF Dist (INDA.DE) has a higher volatility of 5.98% compared to L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) at 4.60%. This indicates that INDA.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
| INDA.DE | ETL2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 4.60% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 17.92% | 12.74% | +5.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.30% | 15.15% | +7.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.05% | 15.44% | +8.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.34% | 13.69% | +12.65% |
INDA.DE vs. ETL2.DE - Expense Ratio Comparison
Both INDA.DE and ETL2.DE have an expense ratio of 0.30%.
Dividends
INDA.DE vs. ETL2.DE - Dividend Comparison
INDA.DE's dividend yield for the trailing twelve months is around 5.05%, while ETL2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
INDA.DE Lyxor STOXX Europe 600 Banks UCITS ETF Dist | 5.05% | 5.42% | 5.93% | 1.58% | 5.04% | 3.76% | 1.42% | 4.45% | 4.56% |
Frequently Asked Questions
INDA.DE and ETL2.DE have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
INDA.DE and ETL2.DE have the same expense ratio: 0.30% per year.
INDA.DE is categorized as Financials Equities, while ETL2.DE is Commodities. INDA.DE tracks STOXX® Europe 600 Banks, while ETL2.DE tracks Bloomberg Commodity 3 Month Forward. They also come from different issuers: Amundi and Legal & General.
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