XMLC.DE vs. EN4C.DE
XMLC.DE (L&G Clean Water UCITS ETF) and EN4C.DE (L&G Multi-Strategy Enhanced Commodities UCITS ETF) are both exchange-traded funds - XMLC.DE is a Water Equities fund tracking the Solactive Clean Water, while EN4C.DE is a Commodities fund tracking the Barclays Backwardation Tilt Multi-Strategy Capped. Both are passively managed. Over the past 3 years, XMLC.DE returned 8.21%/yr vs 9.70%/yr for EN4C.DE. At a 0.09 correlation, their price movements are largely independent. XMLC.DE charges 0.49%/yr vs 0.30%/yr for EN4C.DE.
Performance
XMLC.DE vs. EN4C.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMLC.DE achieves a 2.11% return, which is significantly lower than EN4C.DE's 24.44% return.
XMLC.DE
- 1D
- 0.01%
- 1M
- -1.48%
- YTD
- 2.11%
- 6M
- 1.67%
- 1Y
- 6.86%
- 3Y*
- 8.21%
- 5Y*
- 6.47%
- 10Y*
- —
EN4C.DE
- 1D
- -1.57%
- 1M
- -2.39%
- YTD
- 24.44%
- 6M
- 23.57%
- 1Y
- 30.49%
- 3Y*
- 9.70%
- 5Y*
- —
- 10Y*
- —
XMLC.DE vs. EN4C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XMLC.DE L&G Clean Water UCITS ETF | 2.11% | 3.88% | 9.96% | 17.08% | -12.64% | 6.96% |
EN4C.DE L&G Multi-Strategy Enhanced Commodities UCITS ETF | 24.44% | -3.13% | 9.93% | -5.63% | 29.83% | 10.18% |
Correlation
The correlation between XMLC.DE and EN4C.DE is -0.20, 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 | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.09 |
The correlation between XMLC.DE and EN4C.DE shifts across timeframes, from -0.20 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XMLC.DE vs. EN4C.DE — Risk / Return Rank
XMLC.DE
EN4C.DE
XMLC.DE vs. EN4C.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Clean Water UCITS ETF (XMLC.DE) and L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.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.
| XMLC.DE | EN4C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.29 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 3.44 | -2.82 |
| Martin ratioReturn relative to average drawdown | 1.60 | 8.36 | -6.76 |
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
| XMLC.DE | EN4C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 1.69 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.72 | -0.16 |
Drawdowns
XMLC.DE vs. EN4C.DE - Drawdown Comparison
The maximum XMLC.DE drawdown since its inception was -35.25%, which is greater than EN4C.DE's maximum drawdown of -25.41%. Use the drawdown chart below to compare losses from any high point for XMLC.DE and EN4C.DE.
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Drawdown Indicators
| XMLC.DE | EN4C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.25% | -25.41% | -9.84% |
Max Drawdown (1Y)Largest decline over 1 year | -11.02% | -8.81% | -2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -19.51% | -17.63% | -1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -20.54% | — | — |
Current DrawdownCurrent decline from peak | -7.57% | -4.02% | -3.55% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -13.89% | +7.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 3.64% | +0.64% |
Volatility
XMLC.DE vs. EN4C.DE - Volatility Comparison
The current volatility for L&G Clean Water UCITS ETF (XMLC.DE) is 4.03%, while L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.DE) has a volatility of 5.98%. This indicates that XMLC.DE experiences smaller price fluctuations and is considered to be less risky than EN4C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMLC.DE | EN4C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 5.98% | -1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 14.54% | -3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.11% | 17.98% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 18.11% | -2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.66% | 18.11% | +0.55% |
XMLC.DE vs. EN4C.DE - Expense Ratio Comparison
XMLC.DE has a 0.49% expense ratio, which is higher than EN4C.DE's 0.30% expense ratio.
Dividends
XMLC.DE vs. EN4C.DE - Dividend Comparison
Neither XMLC.DE nor EN4C.DE has paid dividends to shareholders.
Frequently Asked Questions
XMLC.DE and EN4C.DE have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EN4C.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EN4C.DE is cheaper with a 0.30% expense ratio, compared with 0.49% for XMLC.DE.
XMLC.DE is categorized as Water Equities, while EN4C.DE is Commodities. XMLC.DE tracks Solactive Clean Water, while EN4C.DE tracks Barclays Backwardation Tilt Multi-Strategy Capped. Their fees differ too: 0.49% for XMLC.DE and 0.30% for EN4C.DE.
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