WXAG.L vs. ENCG.L
Compare and contrast key facts about WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF USD Acc (WXAG.L) and L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.L).
WXAG.L and ENCG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WXAG.L is a passively managed fund by WisdomTree that tracks the performance of the Morgan Stanley RADAR ex Agriculture & Livestock Commodity. It was launched on Oct 6, 2021. ENCG.L is a passively managed fund by Legal & General that tracks the performance of the Barclays Backwardation Tilt Multi-Strategy Capped. It was launched on Jul 5, 2021. Both WXAG.L and ENCG.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
WXAG.L vs. ENCG.L - Performance Comparison
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WXAG.L vs. ENCG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WXAG.L WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF USD Acc | 23.66% | 32.53% | 2.91% | -8.03% | 19.40% | -6.94% |
ENCG.L L&G Multi-Strategy Enhanced Commodities UCITS ETF | 19.13% | 8.50% | 3.63% | -2.97% | 23.40% | -1.50% |
Different Trading Currencies
WXAG.L is traded in USD, while ENCG.L is traded in GBp. To make them comparable, the ENCG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WXAG.L achieves a 23.66% return, which is significantly higher than ENCG.L's 19.13% return.
WXAG.L
- 1D
- -0.75%
- 1M
- 6.63%
- YTD
- 23.66%
- 6M
- 37.68%
- 1Y
- 53.61%
- 3Y*
- 17.57%
- 5Y*
- —
- 10Y*
- —
ENCG.L
- 1D
- -2.17%
- 1M
- 7.11%
- YTD
- 19.13%
- 6M
- 20.16%
- 1Y
- 20.50%
- 3Y*
- 10.20%
- 5Y*
- —
- 10Y*
- —
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WXAG.L vs. ENCG.L - Expense Ratio Comparison
WXAG.L has a 0.60% expense ratio, which is higher than ENCG.L's 0.30% expense ratio.
Return for Risk
WXAG.L vs. ENCG.L — Risk / Return Rank
WXAG.L
ENCG.L
WXAG.L vs. ENCG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF USD Acc (WXAG.L) and L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.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.
| WXAG.L | ENCG.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.40 | 1.26 | +1.14 |
Sortino ratioReturn per unit of downside risk | 2.89 | 1.70 | +1.19 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.24 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 4.53 | 2.27 | +2.26 |
Martin ratioReturn relative to average drawdown | 16.95 | 6.34 | +10.61 |
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
| WXAG.L | ENCG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 1.26 | +1.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.74 | -0.08 |
Correlation
The correlation between WXAG.L and ENCG.L is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
WXAG.L vs. ENCG.L - Dividend Comparison
Neither WXAG.L nor ENCG.L has paid dividends to shareholders.
Drawdowns
WXAG.L vs. ENCG.L - Drawdown Comparison
The maximum WXAG.L drawdown since its inception was -26.77%, which is greater than ENCG.L's maximum drawdown of -23.60%. Use the drawdown chart below to compare losses from any high point for WXAG.L and ENCG.L.
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Drawdown Indicators
| WXAG.L | ENCG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.77% | -26.32% | -0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -10.66% | -1.34% |
Current DrawdownCurrent decline from peak | -0.75% | -3.27% | +2.52% |
Average DrawdownAverage peak-to-trough decline | -16.68% | -13.47% | -3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 3.62% | -0.41% |
Volatility
WXAG.L vs. ENCG.L - Volatility Comparison
WisdomTree Enhanced Commodity ex-Agriculture UCITS ETF USD Acc (WXAG.L) and L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.L) have volatilities of 6.50% and 6.56%, 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
| WXAG.L | ENCG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 6.56% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 19.04% | 11.30% | +7.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.23% | 16.14% | +6.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.67% | 18.21% | +4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.67% | 18.21% | +4.46% |