SUK2.L vs. ETRA.L
SUK2.L (L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF) and ETRA.L (L&G New Energy Commodities UCITS ETF USD Acc) are both exchange-traded funds - SUK2.L is a Technology Equities fund tracking the L&G FTSE 100 Super Short Strategy (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, SUK2.L returned -26.96% vs 28.20% for ETRA.L. At a correlation of -0.20, they often move in opposite directions. SUK2.L charges 0.60%/yr vs 0.65%/yr for ETRA.L.
Performance
SUK2.L vs. ETRA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SUK2.L achieves a -11.17% return, which is significantly lower than ETRA.L's 9.29% return.
SUK2.L
- 1D
- 0.40%
- 1M
- -0.81%
- 6M
- -7.00%
- YTD
- -11.17%
- 1Y
- -26.96%
- 3Y*
- -19.46%
- 5Y*
- -17.40%
- 10Y*
- -16.92%
ETRA.L
- 1D
- 0.00%
- 1M
- -1.63%
- 6M
- 1.76%
- YTD
- 9.29%
- 1Y
- 28.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SUK2.L vs. ETRA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SUK2.L L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF | -11.17% | -32.13% | -1.21% |
ETRA.L L&G New Energy Commodities UCITS ETF USD Acc | 9.29% | 19.38% | -20.97% |
Correlation
The correlation between SUK2.L and ETRA.L is -0.16, 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 | -0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2024 | -0.20 |
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Return for Risk
SUK2.L vs. ETRA.L — Risk / Return Rank
SUK2.L
ETRA.L
SUK2.L vs. ETRA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF (SUK2.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.
| SUK2.L | ETRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.37 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 1.12 | -1.99 |
| Martin ratioReturn relative to average drawdown | -1.37 | 2.11 | -3.49 |
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Drawdowns
SUK2.L vs. ETRA.L - Drawdown Comparison
The maximum SUK2.L drawdown since its inception was -98.38%, 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 SUK2.L and ETRA.L.
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Drawdown Indicators
| SUK2.L | ETRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.38% | -26.76% | -71.62% |
Max Drawdown (1Y)Largest decline over 1 year | -31.12% | -25.14% | -5.98% |
Max Drawdown (3Y)Largest decline over 3 years | -52.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -65.37% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -86.18% | — | — |
Current DrawdownCurrent decline from peak | -98.28% | -11.10% | -87.18% |
Average DrawdownAverage peak-to-trough decline | -84.98% | -18.76% | -66.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.11% | 13.34% | +5.77% |
Volatility
SUK2.L vs. ETRA.L - Volatility Comparison
L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF (SUK2.L) has a higher volatility of 5.99% compared to L&G New Energy Commodities UCITS ETF USD Acc (ETRA.L) at 4.48%. This indicates that SUK2.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
| SUK2.L | ETRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 4.48% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 19.46% | 11.25% | +8.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.52% | 43.84% | -21.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.53% | 32.96% | -7.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.98% | 32.96% | -2.98% |
SUK2.L vs. ETRA.L - Expense Ratio Comparison
SUK2.L has a 0.60% expense ratio, which is lower than ETRA.L's 0.65% expense ratio.
Dividends
SUK2.L vs. ETRA.L - Dividend Comparison
Neither SUK2.L nor ETRA.L has paid dividends to shareholders.
Frequently Asked Questions
SUK2.L and ETRA.L have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUK2.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUK2.L is cheaper with a 0.60% expense ratio, compared with 0.65% for ETRA.L.
SUK2.L is categorized as Technology Equities, while ETRA.L is Commodities. SUK2.L tracks L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF, while ETRA.L tracks Solactive Energy Transition Commodity Total Return Index. Their fees differ too: 0.60% for SUK2.L and 0.65% for ETRA.L.
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