AIA vs. CMFP.L
AIA (iShares Asia 50 ETF) and CMFP.L (L&G Longer Dated All Commodities UCITS ETF) are both exchange-traded funds - AIA is a Asia Pacific Equities fund tracking the S&P Asia 50, while CMFP.L is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 10 years, AIA returned 15.46%/yr vs 7.84%/yr for CMFP.L. At a 0.31 correlation, their price movements are largely independent. AIA charges 0.50%/yr vs 0.30%/yr for CMFP.L.
Performance
AIA vs. CMFP.L - Performance Comparison
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Different Trading Currencies
AIA is traded in USD, while CMFP.L is traded in GBp. To make them comparable, the CMFP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AIA achieves a 50.12% return, which is significantly higher than CMFP.L's 13.99% return. Over the past 10 years, AIA has outperformed CMFP.L with an annualized return of 15.46%, while CMFP.L has yielded a comparatively lower 7.84% annualized return.
AIA
- 1D
- 3.85%
- 1M
- 10.80%
- YTD
- 50.12%
- 6M
- 57.01%
- 1Y
- 90.86%
- 3Y*
- 35.89%
- 5Y*
- 12.70%
- 10Y*
- 15.46%
CMFP.L
- 1D
- -0.48%
- 1M
- -5.94%
- YTD
- 13.99%
- 6M
- 16.26%
- 1Y
- 22.47%
- 3Y*
- 10.93%
- 5Y*
- 11.33%
- 10Y*
- 7.84%
AIA vs. CMFP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIA iShares Asia 50 ETF | 50.12% | 47.79% | 20.26% | 4.32% | -24.08% | -10.91% | 33.73% | 22.21% | -14.22% | 45.00% |
CMFP.L L&G Longer Dated All Commodities UCITS ETF | 13.99% | 16.67% | 5.08% | -6.76% | 18.60% | 33.39% | 2.11% | 8.16% | -8.64% | 2.76% |
Correlation
The correlation between AIA and CMFP.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2010 | 0.31 |
The correlation between AIA and CMFP.L shifts across timeframes, from 0.20 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AIA vs. CMFP.L — Risk / Return Rank
AIA
CMFP.L
AIA vs. CMFP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Asia 50 ETF (AIA) and L&G Longer Dated All Commodities UCITS ETF (CMFP.L). 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.
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.
| AIA | CMFP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.27 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 6.46 | 2.70 | +3.75 |
| Martin ratioReturn relative to average drawdown | 22.37 | 7.67 | +14.70 |
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Drawdowns
AIA vs. CMFP.L - Drawdown Comparison
The maximum AIA drawdown since its inception was -60.89%, smaller than the maximum CMFP.L drawdown of -72.10%. Use the drawdown chart below to compare losses from any high point for AIA and CMFP.L.
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Drawdown Indicators
| AIA | CMFP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.89% | -72.10% | +11.21% |
Max Drawdown (1Y)Largest decline over 1 year | -14.15% | -8.27% | -5.88% |
Max Drawdown (3Y)Largest decline over 3 years | -21.64% | -23.04% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -50.11% | -23.04% | -27.07% |
Max Drawdown (10Y)Largest decline over 10 years | -54.64% | -30.49% | -24.15% |
Current DrawdownCurrent decline from peak | -2.84% | -21.78% | +18.94% |
Average DrawdownAverage peak-to-trough decline | -16.66% | -49.88% | +33.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 2.92% | +1.16% |
Volatility
AIA vs. CMFP.L - Volatility Comparison
iShares Asia 50 ETF (AIA) has a higher volatility of 14.78% compared to L&G Longer Dated All Commodities UCITS ETF (CMFP.L) at 4.25%. This indicates that AIA's price experiences larger fluctuations and is considered to be riskier than CMFP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIA | CMFP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.78% | 4.25% | +10.53% |
Volatility (6M)Calculated over the trailing 6-month period | 24.69% | 12.41% | +12.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.13% | 14.44% | +13.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.02% | 20.39% | +5.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.82% | 16.60% | +7.22% |
AIA vs. CMFP.L - Expense Ratio Comparison
AIA has a 0.50% expense ratio, which is higher than CMFP.L's 0.30% expense ratio.
Dividends
AIA vs. CMFP.L - Dividend Comparison
AIA's dividend yield for the trailing twelve months is around 2.03%, while CMFP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIA iShares Asia 50 ETF | 2.03% | 2.50% | 2.78% | 2.07% | 2.59% | 1.54% | 1.11% | 2.24% | 2.49% | 1.45% | 2.29% | 2.88% |
CMFP.L L&G Longer Dated All Commodities UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AIA and CMFP.L 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, CMFP.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMFP.L is cheaper with a 0.30% expense ratio, compared with 0.50% for AIA.
AIA is categorized as Asia Pacific Equities, while CMFP.L is Commodities. AIA tracks S&P Asia 50, while CMFP.L tracks Bloomberg Commodity 3 Month Forward. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.50% for AIA and 0.30% for CMFP.L.
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