SUK2.L vs. FOGB.L
SUK2.L (L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF) and FOGB.L (Rize Sustainable Future of Food UCITS ETF A USD) are both Technology Equities funds - SUK2.L tracks the L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF while FOGB.L tracks the Rize Sustainable Future of Food UCITS ETF A USD. Both are passively managed. Over the past 5 years, SUK2.L returned -17.40%/yr vs -8.73%/yr for FOGB.L. At a correlation of -0.58, they often move in opposite directions. SUK2.L charges 0.60%/yr vs 0.45%/yr for FOGB.L.
Performance
SUK2.L vs. FOGB.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 FOGB.L's 3.33% 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%
FOGB.L
- 1D
- -0.47%
- 1M
- 0.62%
- 6M
- -1.77%
- YTD
- 3.33%
- 1Y
- -4.66%
- 3Y*
- -5.08%
- 5Y*
- -8.73%
- 10Y*
- —
SUK2.L vs. FOGB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SUK2.L L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF | -11.17% | -32.13% | -6.81% | -6.41% | -13.97% | -32.73% | -19.84% |
FOGB.L Rize Sustainable Future of Food UCITS ETF A USD | 3.33% | -9.49% | -5.72% | -6.98% | -18.26% | 2.56% | 9.19% |
Correlation
The correlation between SUK2.L and FOGB.L is -0.37, 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 | -0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020 | -0.58 |
Over the past year, the inverse relationship between SUK2.L and FOGB.L has weakened: their correlation has moved from -0.58 to -0.37, meaning they move in opposite directions less often than they have historically.
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Return for Risk
SUK2.L vs. FOGB.L — Risk / Return Rank
SUK2.L
FOGB.L
SUK2.L vs. FOGB.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 Rize Sustainable Future of Food UCITS ETF A USD (FOGB.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 | FOGB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.98 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | -0.25 | -0.62 |
| Martin ratioReturn relative to average drawdown | -1.37 | -0.41 | -0.97 |
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Drawdowns
SUK2.L vs. FOGB.L - Drawdown Comparison
The maximum SUK2.L drawdown since its inception was -98.38%, which is greater than FOGB.L's maximum drawdown of -43.46%. Use the drawdown chart below to compare losses from any high point for SUK2.L and FOGB.L.
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Drawdown Indicators
| SUK2.L | FOGB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.38% | -43.46% | -54.92% |
Max Drawdown (1Y)Largest decline over 1 year | -31.12% | -12.73% | -18.39% |
Max Drawdown (3Y)Largest decline over 3 years | -52.62% | -23.44% | -29.18% |
Max Drawdown (5Y)Largest decline over 5 years | -65.37% | -43.46% | -21.91% |
Max Drawdown (10Y)Largest decline over 10 years | -86.18% | — | — |
Current DrawdownCurrent decline from peak | -98.28% | -38.99% | -59.29% |
Average DrawdownAverage peak-to-trough decline | -84.98% | -24.51% | -60.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.11% | 7.79% | +11.32% |
Volatility
SUK2.L vs. FOGB.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 Rize Sustainable Future of Food UCITS ETF A USD (FOGB.L) at 4.25%. This indicates that SUK2.L's price experiences larger fluctuations and is considered to be riskier than FOGB.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 | FOGB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 4.25% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 19.46% | 11.01% | +8.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.52% | 15.10% | +7.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.53% | 15.83% | +9.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.98% | 15.43% | +14.55% |
SUK2.L vs. FOGB.L - Expense Ratio Comparison
SUK2.L has a 0.60% expense ratio, which is higher than FOGB.L's 0.45% expense ratio.
Dividends
SUK2.L vs. FOGB.L - Dividend Comparison
Neither SUK2.L nor FOGB.L has paid dividends to shareholders.
Frequently Asked Questions
SUK2.L and FOGB.L have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FOGB.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FOGB.L is cheaper with a 0.45% expense ratio, compared with 0.60% for SUK2.L.
SUK2.L tracks L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF, while FOGB.L tracks Rize Sustainable Future of Food UCITS ETF A USD. They also come from different issuers: L&G and Rize ETF. Their fees differ too: 0.60% for SUK2.L and 0.45% for FOGB.L.
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