XAAG.DE vs. ETLF.DE
Compare and contrast key facts about Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.DE) and L&G All Commodities UCITS ETF (ETLF.DE).
XAAG.DE and ETLF.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XAAG.DE is a passively managed fund by Invesco that tracks the performance of the Bloomberg Commodity ex-Agriculture and Livestock. It was launched on May 22, 2017. ETLF.DE is a passively managed fund by Legal & General that tracks the performance of the Bloomberg Commodity. It was launched on Jul 6, 2017. Both XAAG.DE and ETLF.DE 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
XAAG.DE vs. ETLF.DE - Performance Comparison
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XAAG.DE vs. ETLF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XAAG.DE Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc | 24.33% | 12.13% | 14.84% | -14.76% | 23.35% | 39.76% | -19.46% | 12.99% | -5.11% | 7.81% |
ETLF.DE L&G All Commodities UCITS ETF | 22.31% | 4.67% | 10.97% | -10.24% | 21.51% | 40.15% | -13.51% | 9.35% | -5.45% | 2.32% |
Returns By Period
In the year-to-date period, XAAG.DE achieves a 24.33% return, which is significantly higher than ETLF.DE's 22.31% return.
XAAG.DE
- 1D
- -1.47%
- 1M
- 8.59%
- YTD
- 24.33%
- 6M
- 38.58%
- 1Y
- 28.92%
- 3Y*
- 15.06%
- 5Y*
- 16.08%
- 10Y*
- —
ETLF.DE
- 1D
- -1.95%
- 1M
- 9.73%
- YTD
- 22.31%
- 6M
- 31.92%
- 1Y
- 21.72%
- 3Y*
- 11.06%
- 5Y*
- 14.00%
- 10Y*
- —
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XAAG.DE vs. ETLF.DE - Expense Ratio Comparison
XAAG.DE has a 0.19% expense ratio, which is higher than ETLF.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
XAAG.DE vs. ETLF.DE — Risk / Return Rank
XAAG.DE
ETLF.DE
XAAG.DE vs. ETLF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.DE) and L&G All Commodities UCITS ETF (ETLF.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.
| XAAG.DE | ETLF.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 1.24 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.74 | 1.70 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.54 | 2.53 | +0.01 |
Martin ratioReturn relative to average drawdown | 5.46 | 5.34 | +0.12 |
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
| XAAG.DE | ETLF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.24 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.83 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.54 | -0.06 |
Correlation
The correlation between XAAG.DE and ETLF.DE is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
XAAG.DE vs. ETLF.DE - Dividend Comparison
Neither XAAG.DE nor ETLF.DE has paid dividends to shareholders.
Drawdowns
XAAG.DE vs. ETLF.DE - Drawdown Comparison
The maximum XAAG.DE drawdown since its inception was -33.85%, which is greater than ETLF.DE's maximum drawdown of -28.78%. Use the drawdown chart below to compare losses from any high point for XAAG.DE and ETLF.DE.
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Drawdown Indicators
| XAAG.DE | ETLF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.85% | -28.78% | -5.07% |
Max Drawdown (1Y)Largest decline over 1 year | -14.18% | -11.91% | -2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -33.85% | -27.00% | -6.85% |
Current DrawdownCurrent decline from peak | -2.33% | -1.95% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -14.09% | -12.31% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.36% | 4.17% | +1.19% |
Volatility
XAAG.DE vs. ETLF.DE - Volatility Comparison
Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.DE) has a higher volatility of 9.37% compared to L&G All Commodities UCITS ETF (ETLF.DE) at 8.52%. This indicates that XAAG.DE's price experiences larger fluctuations and is considered to be riskier than ETLF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XAAG.DE | ETLF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.37% | 8.52% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 17.80% | 13.94% | +3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.14% | 17.39% | +4.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.06% | 16.66% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 15.34% | +2.98% |