XMLD.DE vs. EN4C.DE
XMLD.DE (L&G Artificial Intelligence UCITS ETF) and EN4C.DE (L&G Multi-Strategy Enhanced Commodities UCITS ETF) are both exchange-traded funds - XMLD.DE is a Technology Equities fund tracking the ROBO Global Artificial Intelligence, while EN4C.DE is a Commodities fund tracking the Barclays Backwardation Tilt Multi-Strategy Capped. Both are passively managed. Over the past 3 years, XMLD.DE returned 33.99%/yr vs 9.70%/yr for EN4C.DE. At a 0.08 correlation, their price movements are largely independent. XMLD.DE charges 0.49%/yr vs 0.30%/yr for EN4C.DE.
Performance
XMLD.DE vs. EN4C.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMLD.DE achieves a 42.18% return, which is significantly higher than EN4C.DE's 24.44% return.
XMLD.DE
- 1D
- -0.78%
- 1M
- 20.65%
- YTD
- 42.18%
- 6M
- 39.73%
- 1Y
- 73.37%
- 3Y*
- 33.99%
- 5Y*
- 19.02%
- 10Y*
- —
EN4C.DE
- 1D
- -1.57%
- 1M
- -2.39%
- YTD
- 24.44%
- 6M
- 23.57%
- 1Y
- 30.49%
- 3Y*
- 9.70%
- 5Y*
- —
- 10Y*
- —
XMLD.DE vs. EN4C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XMLD.DE L&G Artificial Intelligence UCITS ETF | 42.18% | 16.99% | 25.17% | 54.28% | -36.45% | 1.15% |
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 XMLD.DE and EN4C.DE is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.08 |
The correlation between XMLD.DE and EN4C.DE shifts across timeframes, from -0.03 (1 year) to 0.08 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XMLD.DE vs. EN4C.DE — Risk / Return Rank
XMLD.DE
EN4C.DE
XMLD.DE vs. EN4C.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Artificial Intelligence UCITS ETF (XMLD.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.
| XMLD.DE | EN4C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.29 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.62 | 3.44 | +1.18 |
| Martin ratioReturn relative to average drawdown | 12.52 | 8.36 | +4.16 |
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
| XMLD.DE | EN4C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.76 | 1.69 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.72 | +0.10 |
Drawdowns
XMLD.DE vs. EN4C.DE - Drawdown Comparison
The maximum XMLD.DE drawdown since its inception was -42.81%, 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 XMLD.DE and EN4C.DE.
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Drawdown Indicators
| XMLD.DE | EN4C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.81% | -25.41% | -17.40% |
Max Drawdown (1Y)Largest decline over 1 year | -15.80% | -8.81% | -6.99% |
Max Drawdown (3Y)Largest decline over 3 years | -33.67% | -17.63% | -16.04% |
Max Drawdown (5Y)Largest decline over 5 years | -42.81% | — | — |
Current DrawdownCurrent decline from peak | -2.30% | -4.02% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -13.51% | -13.89% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.84% | 3.64% | +2.20% |
Volatility
XMLD.DE vs. EN4C.DE - Volatility Comparison
L&G Artificial Intelligence UCITS ETF (XMLD.DE) has a higher volatility of 10.34% compared to L&G Multi-Strategy Enhanced Commodities UCITS ETF (EN4C.DE) at 5.98%. This indicates that XMLD.DE's price experiences larger fluctuations and is considered to be riskier 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
| XMLD.DE | EN4C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.34% | 5.98% | +4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 19.89% | 14.54% | +5.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.47% | 17.98% | +8.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.22% | 18.11% | +9.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.52% | 18.11% | +10.41% |
XMLD.DE vs. EN4C.DE - Expense Ratio Comparison
XMLD.DE has a 0.49% expense ratio, which is higher than EN4C.DE's 0.30% expense ratio.
Dividends
XMLD.DE vs. EN4C.DE - Dividend Comparison
Neither XMLD.DE nor EN4C.DE has paid dividends to shareholders.
Frequently Asked Questions
XMLD.DE and EN4C.DE have a correlation of -0.03, 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 XMLD.DE.
XMLD.DE is categorized as Technology Equities, while EN4C.DE is Commodities. XMLD.DE tracks ROBO Global Artificial Intelligence, while EN4C.DE tracks Barclays Backwardation Tilt Multi-Strategy Capped. Their fees differ too: 0.49% for XMLD.DE and 0.30% for EN4C.DE.
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