XBCU.L vs. ETL2.DE
Compare and contrast key facts about Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XBCU.L) and L&G Longer Dated All Commodities UCITS ETF (ETL2.DE).
XBCU.L and ETL2.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBCU.L is a passively managed fund by DWS that tracks the performance of the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward. It was launched on Apr 9, 2010. ETL2.DE is a passively managed fund by Legal & General that tracks the performance of the Bloomberg Commodity 3 Month Forward. It was launched on Mar 15, 2010. Both XBCU.L and ETL2.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
XBCU.L vs. ETL2.DE - Performance Comparison
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XBCU.L vs. ETL2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBCU.L Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C | 15.88% | 26.09% | 8.64% | -9.97% | 20.96% | 39.63% | -1.34% | 7.54% | -11.30% | 5.31% |
ETL2.DE L&G Longer Dated All Commodities UCITS ETF | 12.54% | 18.42% | 5.17% | -6.58% | 17.98% | 34.64% | 1.49% | 8.51% | -8.71% | 2.90% |
Different Trading Currencies
XBCU.L is traded in USD, while ETL2.DE is traded in EUR. To make them comparable, the ETL2.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XBCU.L achieves a 15.88% return, which is significantly higher than ETL2.DE's 12.54% return. Over the past 10 years, XBCU.L has outperformed ETL2.DE with an annualized return of 10.62%, while ETL2.DE has yielded a comparatively lower 9.21% annualized return.
XBCU.L
- 1D
- -1.36%
- 1M
- 1.65%
- YTD
- 15.88%
- 6M
- 28.73%
- 1Y
- 30.53%
- 3Y*
- 15.02%
- 5Y*
- 16.99%
- 10Y*
- 10.62%
ETL2.DE
- 1D
- -1.70%
- 1M
- 3.01%
- YTD
- 12.54%
- 6M
- 21.12%
- 1Y
- 21.81%
- 3Y*
- 10.97%
- 5Y*
- 14.02%
- 10Y*
- 9.21%
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XBCU.L vs. ETL2.DE - Expense Ratio Comparison
XBCU.L has a 0.29% expense ratio, which is lower than ETL2.DE's 0.30% expense ratio.
Return for Risk
XBCU.L vs. ETL2.DE — Risk / Return Rank
XBCU.L
ETL2.DE
XBCU.L vs. ETL2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XBCU.L) and L&G Longer Dated All Commodities UCITS ETF (ETL2.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.
| XBCU.L | ETL2.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 1.42 | +0.14 |
Sortino ratioReturn per unit of downside risk | 2.00 | 1.90 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.22 | 2.76 | +0.46 |
Martin ratioReturn relative to average drawdown | 8.53 | 7.60 | +0.93 |
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
| XBCU.L | ETL2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.42 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.90 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.67 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.20 | +0.05 |
Correlation
The correlation between XBCU.L and ETL2.DE is 0.76, 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
XBCU.L vs. ETL2.DE - Dividend Comparison
Neither XBCU.L nor ETL2.DE has paid dividends to shareholders.
Drawdowns
XBCU.L vs. ETL2.DE - Drawdown Comparison
The maximum XBCU.L drawdown since its inception was -62.92%, which is greater than ETL2.DE's maximum drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for XBCU.L and ETL2.DE.
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Drawdown Indicators
| XBCU.L | ETL2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.92% | -47.04% | -15.88% |
Max Drawdown (1Y)Largest decline over 1 year | -12.60% | -11.37% | -1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -27.83% | -23.27% | -4.56% |
Max Drawdown (10Y)Largest decline over 10 years | -37.15% | -26.50% | -10.65% |
Current DrawdownCurrent decline from peak | -4.38% | -3.68% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -30.03% | -22.11% | -7.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 3.78% | -0.19% |
Volatility
XBCU.L vs. ETL2.DE - Volatility Comparison
Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XBCU.L) has a higher volatility of 5.69% compared to L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) at 5.39%. This indicates that XBCU.L's price experiences larger fluctuations and is considered to be riskier than ETL2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBCU.L | ETL2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.69% | 5.39% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 15.45% | 11.42% | +4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.52% | 15.30% | +4.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.72% | 15.37% | +3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 13.69% | +2.85% |