LGGE.DE vs. ETL2.DE
LGGE.DE (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) and ETL2.DE (L&G Longer Dated All Commodities UCITS ETF) are both exchange-traded funds - LGGE.DE is a Europe Equities fund tracking the FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality, while ETL2.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 3 years, LGGE.DE returned 24.04%/yr vs 10.87%/yr for ETL2.DE. At a 0.07 correlation, their price movements are largely independent. LGGE.DE charges 0.25%/yr vs 0.30%/yr for ETL2.DE.
Performance
LGGE.DE vs. ETL2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LGGE.DE achieves a 11.27% return, which is significantly lower than ETL2.DE's 18.23% return.
LGGE.DE
- 1D
- 0.15%
- 1M
- -0.22%
- YTD
- 11.27%
- 6M
- 15.32%
- 1Y
- 26.49%
- 3Y*
- 24.04%
- 5Y*
- —
- 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%
LGGE.DE vs. ETL2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 11.27% | 38.29% | 14.07% | 17.18% | -3.86% | 7.23% |
ETL2.DE L&G Longer Dated All Commodities UCITS ETF | 18.23% | 4.89% | 11.54% | -9.44% | 24.86% | 14.02% |
Correlation
The correlation between LGGE.DE and ETL2.DE is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.07 |
The correlation between LGGE.DE and ETL2.DE shifts across timeframes, from -0.14 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LGGE.DE vs. ETL2.DE — Risk / Return Rank
LGGE.DE
ETL2.DE
LGGE.DE vs. ETL2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.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.
| LGGE.DE | ETL2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.33 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 3.59 | +0.02 |
| Martin ratioReturn relative to average drawdown | 13.07 | 8.20 | +4.87 |
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
| LGGE.DE | ETL2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 1.87 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.25 | +0.87 |
Drawdowns
LGGE.DE vs. ETL2.DE - Drawdown Comparison
The maximum LGGE.DE drawdown since its inception was -20.11%, smaller than the maximum ETL2.DE drawdown of -47.04%. Use the drawdown chart below to compare losses from any high point for LGGE.DE and ETL2.DE.
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Drawdown Indicators
| LGGE.DE | ETL2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.11% | -47.04% | +26.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.28% | -7.90% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -14.71% | -15.06% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.50% | — |
Current DrawdownCurrent decline from peak | -2.09% | -3.57% | +1.48% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -21.90% | +18.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 3.46% | -1.45% |
Volatility
LGGE.DE vs. ETL2.DE - Volatility Comparison
The current volatility for L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) is 3.60%, while L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) has a volatility of 4.60%. This indicates that LGGE.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
| LGGE.DE | ETL2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 4.60% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.47% | 12.74% | -3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 15.15% | -3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 15.44% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 13.69% | +0.91% |
LGGE.DE vs. ETL2.DE - Expense Ratio Comparison
LGGE.DE has a 0.25% expense ratio, which is lower than ETL2.DE's 0.30% expense ratio.
Dividends
LGGE.DE vs. ETL2.DE - Dividend Comparison
LGGE.DE's dividend yield for the trailing twelve months is around 3.13%, while ETL2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ETL2.DE L&G Longer Dated All Commodities UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 3.13% | 3.47% | 4.37% | 4.43% | 4.18% | 1.52% |
Frequently Asked Questions
LGGE.DE and ETL2.DE have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGGE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGGE.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for ETL2.DE.
LGGE.DE is categorized as Europe Equities, while ETL2.DE is Commodities. LGGE.DE tracks FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality, while ETL2.DE tracks Bloomberg Commodity 3 Month Forward. Their fees differ too: 0.25% for LGGE.DE and 0.30% for ETL2.DE.
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