IQQP.DE vs. ETL2.DE
IQQP.DE (iShares European Property Yield UCITS ETF) and ETL2.DE (L&G Longer Dated All Commodities UCITS ETF) are both exchange-traded funds - IQQP.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed Europe ex UK Dividend+, while ETL2.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 10 years, IQQP.DE returned 0.54%/yr vs 8.17%/yr for ETL2.DE. At a 0.09 correlation, their price movements are largely independent. IQQP.DE charges 0.40%/yr vs 0.30%/yr for ETL2.DE.
Performance
IQQP.DE vs. ETL2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQP.DE achieves a 0.31% return, which is significantly lower than ETL2.DE's 18.23% return. Over the past 10 years, IQQP.DE has underperformed ETL2.DE with an annualized return of 0.54%, while ETL2.DE has yielded a comparatively higher 8.17% annualized return.
IQQP.DE
- 1D
- 0.51%
- 1M
- -3.27%
- YTD
- 0.31%
- 6M
- 1.57%
- 1Y
- -1.56%
- 3Y*
- 10.88%
- 5Y*
- -4.17%
- 10Y*
- 0.54%
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%
IQQP.DE vs. ETL2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQP.DE iShares European Property Yield UCITS ETF | 0.31% | 8.56% | -0.81% | 17.81% | -37.23% | 8.18% | -8.95% | 26.21% | -7.04% | 14.56% |
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 IQQP.DE and ETL2.DE is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 7, 2010 | 0.09 |
The correlation between IQQP.DE and ETL2.DE shifts across timeframes, from -0.19 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IQQP.DE vs. ETL2.DE — Risk / Return Rank
IQQP.DE
ETL2.DE
IQQP.DE vs. ETL2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares European Property Yield UCITS ETF (IQQP.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.
| IQQP.DE | ETL2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.33 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 3.59 | -3.68 |
| Martin ratioReturn relative to average drawdown | -0.26 | 8.20 | -8.46 |
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
| IQQP.DE | ETL2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | 1.87 | -1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.84 | -1.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.59 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.25 | -0.08 |
Drawdowns
IQQP.DE vs. ETL2.DE - Drawdown Comparison
The maximum IQQP.DE drawdown since its inception was -64.70%, 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 IQQP.DE and ETL2.DE.
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Drawdown Indicators
| IQQP.DE | ETL2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.70% | -47.04% | -17.66% |
Max Drawdown (1Y)Largest decline over 1 year | -15.07% | -7.90% | -7.17% |
Max Drawdown (3Y)Largest decline over 3 years | -17.28% | -15.06% | -2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -49.34% | -23.27% | -26.07% |
Max Drawdown (10Y)Largest decline over 10 years | -50.23% | -26.50% | -23.73% |
Current DrawdownCurrent decline from peak | -26.93% | -3.57% | -23.36% |
Average DrawdownAverage peak-to-trough decline | -20.15% | -21.90% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | 3.46% | +2.20% |
Volatility
IQQP.DE vs. ETL2.DE - Volatility Comparison
iShares European Property Yield UCITS ETF (IQQP.DE) and L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) have volatilities of 4.69% and 4.60%, 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.
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Volatility by Period
| IQQP.DE | ETL2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.69% | 4.60% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 12.74% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 15.15% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.49% | 15.44% | +6.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.40% | 13.69% | +5.71% |
IQQP.DE vs. ETL2.DE - Expense Ratio Comparison
IQQP.DE has a 0.40% expense ratio, which is higher than ETL2.DE's 0.30% expense ratio.
Dividends
IQQP.DE vs. ETL2.DE - Dividend Comparison
IQQP.DE's dividend yield for the trailing twelve months is around 2.89%, 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% |
IQQP.DE iShares European Property Yield UCITS ETF | 2.89% | 2.89% | 2.75% | 2.65% | 4.34% | 2.07% | 2.64% | 2.92% | 3.33% | 2.83% | 2.61% | 2.62% |
Frequently Asked Questions
IQQP.DE and ETL2.DE have a correlation of -0.19, 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 0.40% for IQQP.DE.
IQQP.DE is categorized as REIT, while ETL2.DE is Commodities. IQQP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK Dividend+, while ETL2.DE tracks Bloomberg Commodity 3 Month Forward. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.40% for IQQP.DE and 0.30% for ETL2.DE.
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