XDEV.DE vs. ETL2.DE
XDEV.DE (Xtrackers MSCI World Value Factor UCITS ETF 1C) and ETL2.DE (L&G Longer Dated All Commodities UCITS ETF) are both exchange-traded funds - XDEV.DE is a Global Equities fund tracking the MSCI ACWI Value NR USD, while ETL2.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 10 years, XDEV.DE returned 12.54%/yr vs 8.42%/yr for ETL2.DE. At a 0.35 correlation, their price movements are largely independent. XDEV.DE charges 0.25%/yr vs 0.30%/yr for ETL2.DE.
Performance
XDEV.DE vs. ETL2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDEV.DE achieves a 36.28% return, which is significantly higher than ETL2.DE's 19.71% return. Over the past 10 years, XDEV.DE has outperformed ETL2.DE with an annualized return of 12.54%, while ETL2.DE has yielded a comparatively lower 8.42% annualized return.
XDEV.DE
- 1D
- -0.18%
- 1M
- 16.24%
- YTD
- 36.28%
- 6M
- 40.37%
- 1Y
- 64.43%
- 3Y*
- 27.19%
- 5Y*
- 17.56%
- 10Y*
- 12.54%
ETL2.DE
- 1D
- 0.33%
- 1M
- -0.65%
- YTD
- 19.71%
- 6M
- 21.11%
- 1Y
- 29.44%
- 3Y*
- 11.61%
- 5Y*
- 13.40%
- 10Y*
- 8.42%
XDEV.DE vs. ETL2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDEV.DE Xtrackers MSCI World Value Factor UCITS ETF 1C | 36.28% | 24.76% | 11.62% | 15.67% | -4.96% | 30.90% | -12.53% | 22.09% | -10.42% | 7.82% |
ETL2.DE L&G Longer Dated All Commodities UCITS ETF | 19.71% | 4.89% | 11.54% | -9.44% | 24.86% | 46.17% | -7.55% | 10.85% | -4.21% | -9.85% |
Correlation
The correlation between XDEV.DE and ETL2.DE is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2014 | 0.35 |
The correlation between XDEV.DE and ETL2.DE shifts across timeframes, from -0.01 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XDEV.DE vs. ETL2.DE — Risk / Return Rank
XDEV.DE
ETL2.DE
XDEV.DE vs. ETL2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.DE) 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.
| XDEV.DE | ETL2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.69 | ||
| Sortino ratioReturn per unit of downside risk | +3.71 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.34 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 10.60 | 3.71 | +6.89 |
| Martin ratioReturn relative to average drawdown | 39.99 | 8.50 | +31.49 |
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
| XDEV.DE | ETL2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.63 | 1.94 | +2.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | 0.86 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.61 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.26 | +0.45 |
Drawdowns
XDEV.DE vs. ETL2.DE - Drawdown Comparison
The maximum XDEV.DE drawdown since its inception was -35.28%, smaller than the maximum ETL2.DE drawdown of -47.04%. Use the drawdown chart below to compare losses from any high point for XDEV.DE and ETL2.DE.
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Drawdown Indicators
| XDEV.DE | ETL2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.28% | -47.04% | +11.76% |
Max Drawdown (1Y)Largest decline over 1 year | -6.05% | -7.90% | +1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -18.02% | -15.06% | -2.96% |
Max Drawdown (5Y)Largest decline over 5 years | -18.02% | -23.27% | +5.25% |
Max Drawdown (10Y)Largest decline over 10 years | -35.28% | -26.50% | -8.78% |
Current DrawdownCurrent decline from peak | -0.18% | -2.36% | +2.18% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -21.90% | +16.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 3.45% | -1.84% |
Volatility
XDEV.DE vs. ETL2.DE - Volatility Comparison
Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.DE) has a higher volatility of 5.66% compared to L&G Longer Dated All Commodities UCITS ETF (ETL2.DE) at 4.88%. This indicates that XDEV.DE'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
| XDEV.DE | ETL2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.66% | 4.88% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 11.16% | 12.71% | -1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 15.10% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.96% | 15.43% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.90% | 13.68% | +2.22% |
XDEV.DE vs. ETL2.DE - Expense Ratio Comparison
XDEV.DE has a 0.25% expense ratio, which is lower than ETL2.DE's 0.30% expense ratio.
Dividends
XDEV.DE vs. ETL2.DE - Dividend Comparison
Neither XDEV.DE nor ETL2.DE has paid dividends to shareholders.
Frequently Asked Questions
XDEV.DE and ETL2.DE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEV.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEV.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for ETL2.DE.
XDEV.DE is categorized as Global Equities, while ETL2.DE is Commodities. XDEV.DE tracks MSCI ACWI Value NR USD, while ETL2.DE tracks Bloomberg Commodity 3 Month Forward. They also come from different issuers: DWS and Legal & General. Their fees differ too: 0.25% for XDEV.DE and 0.30% for ETL2.DE.
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