- Issuer
- iShares
- Inception Date
- Sep 28, 2018
- Category
- Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF
- Distribution Policy
- Accumulating
- Asset Class
- Commodity
Share Price Chart
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Performance
ROLL.L Performance Chart
iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF (ROLL.L) is up 23.9% since the beginning of the year. ROLL.L is currently trading at $11 per share. Investors who bought $1,000 worth of ROLL.L shares 5 years ago would now be looking at an investment worth $1,812.
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Returns By Period
iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF (ROLL.L) has returned 23.85% so far this year and 34.95% over the past 12 months.
iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF
- 1D
- 0.55%
- 1M
- 1.79%
- 6M
- 17.06%
- YTD
- 23.85%
- 1Y
- 34.95%
- 3Y*
- 14.61%
- 5Y*
- 12.62%
- 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%
ROLL.L Monthly Returns History
Based on dividend-adjusted daily data since Oct 3, 2018, ROLL.L's average daily return is +0.04%, while the average monthly return is +0.86%. At this rate, an investment would double in approximately 6.7 years.
Historically, 60% of months were positive and 40% were negative. The best month was Jan 2026 with a return of +10.2%, while the worst month was Mar 2020 at -9.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, ROLL.L closed higher 49% of trading days. The best single day was Mar 24, 2020 with a return of +4.5%, while the worst single day was Jul 5, 2022 at -5.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.20% | 2.42% | 9.24% | 4.89% | -1.70% | -8.66% | 6.67% | 23.85% | |||||
| 2025 | 4.47% | -0.91% | 3.80% | -4.79% | -0.40% | 3.46% | 1.16% | 1.78% | 2.12% | 1.96% | 2.40% | 1.05% | 16.94% |
| 2024 | 0.85% | -0.84% | 4.11% | 2.86% | 0.40% | -0.92% | -3.60% | -0.00% | 2.90% | -0.94% | -0.14% | 0.14% | 4.68% |
| 2023 | 2.08% | -4.21% | 0.14% | -0.85% | -5.00% | 3.16% | 7.00% | -0.41% | 0.14% | -0.55% | -1.79% | -1.40% | -2.22% |
| 2022 | 7.77% | 7.21% | 8.68% | 2.19% | 1.77% | -8.43% | 0.41% | -2.29% | -5.79% | 1.46% | 3.90% | 0.14% | 16.67% |
| 2021 | 2.89% | 5.82% | -2.47% | 7.98% | 4.32% | -0.17% | 3.98% | -0.50% | 4.85% | 2.39% | -6.85% | 3.34% | 27.69% |
Benchmark Metrics
iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF has an annualized alpha of 7.52%, beta of 0.16, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since October 03, 2018.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (37.90%) than losses (31.96%) - typical of diversified or defensive assets.
- Beta of 0.16 may look defensive, but with R2 of 0.04 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 0.04 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
- 7.52%
- Beta
- 0.16
- R²
- 0.04
- Upside Capture
- 37.90%
- Downside Capture
- 31.96%
Expense Ratio
ROLL.L has an expense ratio of 0.28%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ROLL.L ranks 73 for risk / return — better than 73% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF (ROLL.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.
| ROLL.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.31 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.35 | +0.15 |
| Martin ratioReturn relative to average drawdown | 8.63 | 10.19 | -1.56 |
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 iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS 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 iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF was 26.90%, occurring on Mar 23, 2020. Recovery took 222 trading sessions.
The current iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF drawdown is 7.46%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-26.90%Mar 2020 | 1y 5mo | 10mo 22d | 2y 4moOct 2018 - Feb 2021 | COVID crash2020 |
-20.45%May 2023 | 11mo 26d | 2y 4mo | 3y 4moJun 2022 - Oct 2025 | — |
-13.94%Jun 2026 | 1mo 11d | — | 2mo 3dMay 2026 - now | — |
-11.61%Mar 2022 | 7d | 2mo 24d | 3mo 1dMar 2022 - Jun 2022 | Bear market2022 |
-9.74%Dec 2021 | 1mo 25d | 1mo 1d | 2mo 26dOct 2021 - Jan 2022 | — |
Drawdown Indicators
| ROLL.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.90% | -56.78% | +29.88% |
Max Drawdown (1Y)Largest decline over 1 year | -13.94% | -9.10% | -4.84% |
Max Drawdown (3Y)Largest decline over 3 years | -13.94% | -18.90% | +4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -20.45% | -25.43% | +4.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -7.46% | -0.49% | -6.97% |
Average DrawdownAverage peak-to-trough decline | -9.17% | -10.70% | +1.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 2.09% | +1.95% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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