Fundology

ETF · L&G

ECGD Mlt Strgy Enhnc Comm UCITS ETF Shs Hedged GBP

ISIN IE0004O92CM1London Stock Exchange: ECGDLegal & General Group Plc

Latest close

LSE

£13.35

on

Ongoing charge
0.30% a year
Fund size
£45.7m

As of , at least 15 min delayed

At a glance

As of 13/11/2026, ECGD (Mlt Strgy Enhnc Comm UCITS ETF Shs Hedged GBP, ISIN IE0004O92CM1) closed at £13.35 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the year to 13/11/2026 its total return was +23.6%, or +19.3% after UK CPIH inflation.

Past returns

Total return: the change in the fund’s value with any income reinvested, after its ongoing charges. Periods to .
1 year to 13/11/2026
+23.6%
+19.3% after inflation

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH

Calendar-year and 12-month returns

Calendar-year returns of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF Shs Hedged GBP in pounds (price only, income paid out not included): 2025 +2.3%; 2026 to 13/11/2026 +24.4%. Returns of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF Shs Hedged GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +28.7%; to 30/09/2025: +5.2%.

Calendar-year returns of ECGD, in pounds (price only — income paid out is not included), to 13/11/2026
YearReturnAfter inflationReturn shown as a bar
to +24.4%+20.4%
to +2.3%−1.2%
Returns of ECGD over 12-month periods to 30/09/2026, in pounds (price only — income paid out is not included)
12 months toReturnAfter inflation
from +28.7%+24.1%
from +5.2%+1.1%

As of , inflation: UK CPIH

How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing

Risk: volatility and largest fall

How far the price has swung and fallen. The same record as the returns, in pounds.

Volatility (annualised)

16.9%over 1 year

Annualised from weekly returns. Higher means bumpier.

Largest fall since August 2024
−11.6%
From to
Lowest 12-month return
+0.8%
12 months to
Highest 12-month return
+32.7%
12 months to
Below its highest weekly close since August 2024
6.5%
High of , latest

In words: Volatility of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF Shs Hedged GBP in pounds, annualised from weekly returns to 13/11/2026: 16.9% over 1 year. Largest fall in the price of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF Shs Hedged GBP since August 2024, in pounds: −11.6% from 01/05/2026 to 26/06/2026. The lowest 12-month return of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF Shs Hedged GBP in pounds (price only, income paid out not included) since August 2024 was +0.8% (12 months to 10/10/2025); the highest was +32.7% (12 months to 16/09/2026). On 13/11/2026 the price of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF Shs Hedged GBP was 6.5% below its highest weekly close since August 2024 (23/10/2026), in pounds.

As of , price only — income paid out is not included

How we work it out:Risk figuresFallsVolatilityLargest fall

Charges compared with similar funds

The ongoing charge is taken from the fund’s value every day, so the returns on this page are already after it. Platform and dealing fees are charged separately.
Ongoing charge
0.30%
a year
On £10,000
£30
a year, roughly
Over five years
£149
of £10,000, before growth
Among 150 gold and commodity funds, share classes counted once
  • 39 charge less
  • 7 the same
  • 103 charge more

Ongoing charge of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF Shs Hedged GBP 0.30% a year. Compared on 14/11/2026, 103 of the 149 other gold and commodity funds charge more, 7 the same and 39 less (share classes counted once).

As of

A lower charge is not a promise of a higher return: what the fund holds matters more.

Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up

In plain English

Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF Shs Hedged GBP is an exchange-traded fund (ETF) from L&G, launched in 2024.

It tracks the Barclays Backwardation Tilt Multi-Strategy Capped Index.

You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.

Its ongoing charge is 0.3% a year — about £30 a year on every £10,000 invested, taken from the fund's value rather than billed to you.

Income from its investments is paid out to holders as cash, usually a few times a year.

It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.

Gold & commodities: Gold, silver, oil and other raw materials. They pay no dividends or interest — returns come only from price changes.

Terms:ETFIndex fundUCITSAccumulating or incomeCurrency hedgingShare classISIN

Key facts

Ticker
ECGD
ISIN
IE0004O92CM1
Provider
L&G
Structure
ETF
An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
Income
Distributing, paid quarterly
Income is paid out to holders as cash, usually a few times a year.
Ongoing charge
0.30% a year · about £30 on £10,000
Fund size
£45.7m
Launched
Domicile
Ireland
UK reporting fund status
Yes — on HMRC’s list of reporting funds (list of )
Reporting fund since . What reporting fund status means
Can usually be held in
ISA and SIPP
Check with your platform: each decides which funds it offers.
Currency hedged
Yes, to pounds
Price currency
Pounds (GBP)

Price chart

Closing price
£13.35+21.9% over 1 year · closing price
ECGD closing price: £10.95 on 14/11/2025, £13.35 on 13/11/2026 (+21.9%); low £10.66, high £14.28.

Over the last year, the closing price went from £10.95 on 14/11/2025 to £13.35 on 13/11/2026 (+21.9%). The lowest close shown was £10.66 on 19/12/2025 and the highest £14.28 on 23/10/2026.

One close a week. Before 29/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.

As of , at least 15 min delayed

Five years of prices, and after inflation

118 weekly closes, from 16/08/2024 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.

Create a free account to see the 5-year price chart and the after-inflation chart

Sign-up takes an email address. There is no card to enter and nothing to pay.

How we work it out:Prices and returnsNAV and price

Funds tracking the same index

4 funds track Barclays Backwardation Tilt Multi-Strategy Capped Index, this one included and share classes counted once; their ongoing charges range from 0.30% to 0.35% a year (13/11/2026).

4 funds that track the Barclays Backwardation Tilt Multi-Strategy Capped Index, listed by name. Returns are as reported to 13/11/2026, in pounds, with income reinvested unless marked “price”.
FundCharge1 year3 years
Mlt Strgy Enhnc Comm UCITS ETFAccumulating · 0.30% a year0.30%+22.8%+25.3%
Mlt Strgy Enhnc Comm UCITS ETFAccumulating · Currency hedged · 0.35% a year0.35%+23.6%+34.9%
Mlt Strgy Enhnc Comm UCITS ETF Shs Hedged GBPThis fundDistributing · Currency hedged · 0.30% a year0.30%+23.6%Not reported
Mlt Strgy Enhnc Comm UCITS ETF USDDistributing · 0.30% a year0.30%+23.5%Not reported

As of

Barclays Backwardation Tilt Multi-Strategy Capped funds compared: charges, sizes and share classes

Read more:Index fundsTracking differenceHow funds are compared

Other versions of this fund

L&G’s other share classes and funds on the Barclays Backwardation Tilt Multi-Strategy Capped Index. They can differ in how income is paid, currency hedging and charge.

Risk and return in depth

Ratios that weigh return against its ups and downs, every rolling period rather than a few fixed ones, and each large fall with how long it took to recover.
  • Sharpe, Sortino and Calmar ratios

    Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.

    With a free account
  • Rolling returns

    The full range of 66 rolling 12-month returns since August 2024, in pounds, with how often they were above zero.

    With a free account
  • Largest falls and recoveries

    The 3 largest falls since August 2024, in pounds, with how many weeks each took to reach its low and to recover.

    With a free account

Create a free account to see the risk ratios, every rolling return and each large fall and its recovery

Sign-up takes an email address. There is no card to enter and nothing to pay.

Questions people ask

What is the ongoing charge of ECGD?

The ongoing charge of ECGD is 0.30% a year — about £30 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Legal & General UCITS ETF Plc - Mlt Strgy Enhnc Comm UCITS ETF Shs Hedged GBP 0.30% a year. Compared on 14/11/2026, 103 of the 149 other gold and commodity funds charge more, 7 the same and 39 less (share classes counted once).

What does ECGD track?

ECGD tracks the Barclays Backwardation Tilt Multi-Strategy Capped Index.

Is ECGD accumulating or distributing?

ECGD is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.

What is the ISIN of ECGD?

The ISIN of ECGD is IE0004O92CM1. An ISIN identifies one exact share class of a fund; ECGD is its ticker on the London Stock Exchange.

What were ECGD’s returns in each of the last five years?

Calendar-year returns of ECGD in pounds (price only, income paid out not included): 2025 +2.3%; 2026 to 13/11/2026 +24.4%. Past performance is not a guide to future returns.

How has ECGD done after inflation?

Over the year to 13/11/2026 ECGD’s total return was +23.6%, or +19.3% after UK CPIH inflation. Past performance is not a guide to future returns.

Similar funds

More gold and commodity funds, largest first. Size is a fact, not a verdict.

Fund documents and methods

Fund documents
Fund page at L&G (links checked )

Methodology:ReturnsCategoriesAll methods

A machine-readable copy of this page: Markdown.