LUK2.L vs. ETRA.L
LUK2.L (L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF) and ETRA.L (L&G New Energy Commodities UCITS ETF USD Acc) are both exchange-traded funds - LUK2.L is a Technology Equities fund tracking the L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF, while ETRA.L is a Commodities fund tracking the Solactive Energy Transition Commodity Total Return Index. Both are passively managed. Over the past year, LUK2.L returned 34.49% vs 28.20% for ETRA.L. At a 0.21 correlation, their price movements are largely independent. LUK2.L charges 0.50%/yr vs 0.65%/yr for ETRA.L.
Performance
LUK2.L vs. ETRA.L - Performance Comparison
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Returns By Period
In the year-to-date period, LUK2.L achieves a 10.52% return, which is significantly higher than ETRA.L's 9.29% return.
LUK2.L
- 1D
- -0.45%
- 1M
- 0.70%
- 6M
- 5.28%
- YTD
- 10.52%
- 1Y
- 34.49%
- 3Y*
- 23.66%
- 5Y*
- 16.82%
- 10Y*
- 10.28%
ETRA.L
- 1D
- 0.00%
- 1M
- -1.63%
- 6M
- 1.76%
- YTD
- 9.29%
- 1Y
- 28.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LUK2.L vs. ETRA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LUK2.L L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF | 10.52% | 43.73% | 2.61% |
ETRA.L L&G New Energy Commodities UCITS ETF USD Acc | 9.29% | 19.38% | -20.97% |
Correlation
The correlation between LUK2.L and ETRA.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2024 | 0.21 |
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Return for Risk
LUK2.L vs. ETRA.L — Risk / Return Rank
LUK2.L
ETRA.L
LUK2.L vs. ETRA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF (LUK2.L) and L&G New Energy Commodities UCITS ETF USD Acc (ETRA.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LUK2.L | ETRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.12 | +0.72 |
| Martin ratioReturn relative to average drawdown | 5.39 | 2.11 | +3.28 |
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Drawdowns
LUK2.L vs. ETRA.L - Drawdown Comparison
The maximum LUK2.L drawdown since its inception was -58.84%, which is greater than ETRA.L's maximum drawdown of -26.76%. Use the drawdown chart below to compare losses from any high point for LUK2.L and ETRA.L.
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Drawdown Indicators
| LUK2.L | ETRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.84% | -26.76% | -32.08% |
Max Drawdown (1Y)Largest decline over 1 year | -18.55% | -25.14% | +6.59% |
Max Drawdown (3Y)Largest decline over 3 years | -25.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -58.84% | — | — |
Current DrawdownCurrent decline from peak | -8.09% | -11.10% | +3.01% |
Average DrawdownAverage peak-to-trough decline | -10.68% | -18.76% | +8.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.34% | 13.34% | -7.00% |
Volatility
LUK2.L vs. ETRA.L - Volatility Comparison
L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF (LUK2.L) has a higher volatility of 6.11% compared to L&G New Energy Commodities UCITS ETF USD Acc (ETRA.L) at 4.48%. This indicates that LUK2.L's price experiences larger fluctuations and is considered to be riskier than ETRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LUK2.L | ETRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 4.48% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 19.64% | 11.25% | +8.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.61% | 43.84% | -21.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.61% | 32.96% | -7.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.65% | 32.96% | -3.31% |
LUK2.L vs. ETRA.L - Expense Ratio Comparison
LUK2.L has a 0.50% expense ratio, which is lower than ETRA.L's 0.65% expense ratio.
Dividends
LUK2.L vs. ETRA.L - Dividend Comparison
Neither LUK2.L nor ETRA.L has paid dividends to shareholders.
Frequently Asked Questions
LUK2.L and ETRA.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LUK2.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LUK2.L is cheaper with a 0.50% expense ratio, compared with 0.65% for ETRA.L.
LUK2.L is categorized as Technology Equities, while ETRA.L is Commodities. LUK2.L tracks L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF, while ETRA.L tracks Solactive Energy Transition Commodity Total Return Index. Their fees differ too: 0.50% for LUK2.L and 0.65% for ETRA.L.
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