- Issuer
- L&G
- Inception Date
- Jul 6, 2017
- Region
- Global (Broad)
- Category
- Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg Commodity Index Total Return
- Domicile
- Ireland
- Distribution Policy
- Accumulating
- Asset Class
- Commodity
Share Price Chart
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Performance
BCOM.L Performance Chart
L&G All Commodities UCITS ETF - USD Accumulating ETF (BCOM.L) is up 20.9% since the beginning of the year. BCOM.L is currently trading at $20 per share. Investors who bought $1,000 worth of BCOM.L shares 5 years ago would now be looking at an investment worth $1,648.
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Returns By Period
L&G All Commodities UCITS ETF - USD Accumulating ETF (BCOM.L) has returned 20.90% so far this year and 30.69% over the past 12 months.
L&G All Commodities UCITS ETF - USD Accumulating ETF
- 1D
- 0.64%
- 1M
- 2.17%
- 6M
- 16.01%
- YTD
- 20.90%
- 1Y
- 30.69%
- 3Y*
- 12.81%
- 5Y*
- 10.51%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
BCOM.L Monthly Returns History
Based on dividend-adjusted daily data since Jul 6, 2017, BCOM.L's average daily return is +0.03%, while the average monthly return is +0.71%. At this rate, an investment would double in approximately 8.2 years.
Historically, 57% of months were positive and 43% were negative. The best month was Mar 2026 with a return of +12.4%, while the worst month was Mar 2020 at -12.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, BCOM.L closed higher 47% of trading days. The best single day was Dec 29, 2017 with a return of +4.5%, while the worst single day was Feb 2, 2026 at -5.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.52% | -0.61% | 12.40% | 3.08% | -3.04% | -8.70% | 6.35% | 20.90% | |||||
| 2025 | 4.39% | 0.83% | 3.49% | -4.36% | -0.55% | 1.94% | -0.68% | 1.58% | 2.63% | 2.50% | 3.40% | 0.25% | 16.19% |
| 2024 | -0.15% | -1.43% | 2.98% | 3.26% | 1.36% | -1.56% | -4.82% | 1.51% | 3.95% | -1.65% | 0.66% | 0.58% | 4.43% |
| 2023 | -0.42% | -4.76% | -0.24% | -0.88% | -5.20% | 3.78% | 6.19% | -0.43% | -0.29% | 0.07% | -2.93% | -1.84% | -7.25% |
| 2022 | 8.48% | 6.39% | 10.07% | 3.24% | 2.61% | -10.34% | 2.97% | -0.71% | -6.81% | 0.02% | 3.33% | -2.66% | 15.63% |
| 2021 | 3.49% | 6.30% | -2.96% | 8.15% | 3.78% | -0.39% | 3.80% | -0.46% | 5.14% | 2.47% | -7.07% | 3.14% | 27.35% |
Benchmark Metrics
L&G All Commodities UCITS ETF - USD Accumulating ETF has an annualized alpha of 6.70%, beta of 0.15, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since July 06, 2017.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (36.87%) than losses (34.25%) - typical of diversified or defensive assets.
- Beta of 0.15 may look defensive, but with R2 of 0.03 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.03 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 6.70%
- Beta
- 0.15
- R²
- 0.03
- Upside Capture
- 36.87%
- Downside Capture
- 34.25%
Expense Ratio
BCOM.L has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
BCOM.L ranks 59 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for L&G All Commodities UCITS ETF - USD Accumulating ETF (BCOM.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BCOM.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.31 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.35 | -0.25 |
| Martin ratioReturn relative to average drawdown | 6.65 | 10.19 | -3.54 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the L&G All Commodities UCITS ETF - USD Accumulating ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the L&G All Commodities UCITS ETF - USD Accumulating ETF was 31.65%, occurring on Apr 1, 2020. Recovery took 266 trading sessions.
The current L&G All Commodities UCITS ETF - USD Accumulating ETF drawdown is 8.29%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-31.65%Apr 2020 | 1y 10mo | 1y 21d | 2y 10moJun 2018 - Apr 2021 | COVID crash2020 |
-26.27%May 2023 | 11mo 26d | 2y 7mo | 3y 7moJun 2022 - Jan 2026 | — |
-14.33%Jun 2026 | 1mo 11d | — | 2mo 3dMay 2026 - now | — |
-10.37%Dec 2021 | 1mo 25d | 1mo 7d | 3mo 2dOct 2021 - Jan 2022 | — |
-10.33%Mar 2022 | 7d | 2mo 10d | 2mo 17dMar 2022 - May 2022 | Bear market2022 |
Drawdown Indicators
| BCOM.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.65% | -56.78% | +25.13% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -9.10% | -5.23% |
Max Drawdown (3Y)Largest decline over 3 years | -14.33% | -18.90% | +4.57% |
Max Drawdown (5Y)Largest decline over 5 years | -26.27% | -25.43% | -0.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -8.29% | -0.49% | -7.80% |
Average DrawdownAverage peak-to-trough decline | -11.63% | -10.70% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 2.09% | +2.44% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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