AIAG.L vs. CMFP.L

Last updated Jun 5, 2026

AIAG.L (L&G Artificial Intelligence UCITS ETF) and CMFP.L (L&G Longer Dated All Commodities UCITS ETF) are both exchange-traded funds - AIAG.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while CMFP.L is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 5 years, AIAG.L returned 19.24%/yr vs 13.29%/yr for CMFP.L. At a 0.09 correlation, their price movements are largely independent. AIAG.L charges 0.49%/yr vs 0.30%/yr for CMFP.L.

Performance

AIAG.L vs. CMFP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Artificial Intelligence UCITS ETF (AIAG.L) and L&G Longer Dated All Commodities UCITS ETF (CMFP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIAG.L achieves a 41.86% return, which is significantly higher than CMFP.L's 19.16% return.

AIAG.L

• 1D: -0.50%
• 1M: 21.21%
• YTD: 41.86%
• 6M: 38.73%
• 1Y: 78.49%
• 3Y*: 34.00%
• 5Y*: 19.24%
• 10Y*: —

CMFP.L

• 1D: -1.12%
• 1M: -1.18%
• YTD: 19.16%
• 6M: 18.60%
• 1Y: 32.00%
• 3Y*: 10.92%
• 5Y*: 13.29%
• 10Y*: 9.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIAG.L vs. CMFP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AIAG.L L&G Artificial Intelligence UCITS ETF	41.86%	21.44%	20.57%	50.58%	-33.18%	11.07%	63.12%	-2.52%
CMFP.L L&G Longer Dated All Commodities UCITS ETF	19.16%	8.49%	6.86%	-11.43%	32.79%	34.61%	-0.92%	-2.91%

Correlation

The correlation between AIAG.L and CMFP.L is -0.07, 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	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jul 15, 2019	0.09

The correlation between AIAG.L and CMFP.L shifts across timeframes, from -0.07 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

AIAG.L vs. CMFP.L - Sectors Allocation Comparison

Sectors	AIAG.L	CMFP.L
Technology	71.5%	5.1%
Communication Services	10.3%	7.6%
Consumer Cyclical	9.2%	8.3%
Healthcare	5.7%	-
Financial Services	1.3%	10.7%
Industrials	1.1%	-
Real Estate	0.9%	5.5%
Basic Materials	-	49.3%
Consumer Defensive	-	13.6%
Energy	-	-
Utilities	-	-

Return for Risk

AIAG.L vs. CMFP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIAG.L

AIAG.L Risk / Return Rank: 82
AIAG.L Sharpe Ratio Rank: 91
AIAG.L Sortino Ratio Rank: 84
AIAG.L Omega Ratio Rank: 82
AIAG.L Calmar Ratio Rank: 85
AIAG.L Martin Ratio Rank: 69

CMFP.L

CMFP.L Risk / Return Rank: 69
CMFP.L Sharpe Ratio Rank: 66
CMFP.L Sortino Ratio Rank: 59
CMFP.L Omega Ratio Rank: 65
CMFP.L Calmar Ratio Rank: 86
CMFP.L Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIAG.L vs. CMFP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Artificial Intelligence UCITS ETF (AIAG.L) 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.

	AIAG.L	CMFP.L	Difference
Sharpe ratio: Return per unit of total volatility	3.12	2.16	+0.95
Sortino ratio: Return per unit of downside risk	3.75	2.76	+0.99
Omega ratio: Gain probability vs. loss probability	1.49	1.39	+0.10
Calmar ratio: Return relative to maximum drawdown	4.65	4.81	-0.16
Martin ratio: Return relative to average drawdown	12.44	11.77	+0.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AIAG.L vs. CMFP.L - Sharpe Ratio Comparison

The current AIAG.L Sharpe Ratio is 3.12, which is higher than the CMFP.L Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of AIAG.L and CMFP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AIAG.L	CMFP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.12	2.16	+0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.89	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.27	+0.51

Drawdowns

AIAG.L vs. CMFP.L - Drawdown Comparison

The maximum AIAG.L drawdown since its inception was -41.56%, smaller than the maximum CMFP.L drawdown of -50.47%. Use the drawdown chart below to compare losses from any high point for AIAG.L and CMFP.L.

Drawdown Indicators

	AIAG.L	CMFP.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.56%	-50.47%	+8.91%
Max Drawdown (1Y) Largest decline over 1 year	-16.80%	-6.63%	-10.17%
Max Drawdown (3Y) Largest decline over 3 years	-30.73%	-12.97%	-17.76%
Max Drawdown (5Y) Largest decline over 5 years	-41.56%	-23.51%	-18.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-23.95%	—
Current Drawdown Current decline from peak	-2.07%	-3.64%	+1.57%
Average Drawdown Average peak-to-trough decline	-12.39%	-24.51%	+12.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.29%	2.71%	+3.58%

Volatility

AIAG.L vs. CMFP.L - Volatility Comparison

L&G Artificial Intelligence UCITS ETF (AIAG.L) has a higher volatility of 9.70% compared to L&G Longer Dated All Commodities UCITS ETF (CMFP.L) at 4.82%. This indicates that AIAG.L'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.

Volatility by Period

	AIAG.L	CMFP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.70%	4.82%	+4.88%
Volatility (6M) Calculated over the trailing 6-month period	18.98%	12.18%	+6.80%
Volatility (1Y) Calculated over the trailing 1-year period	25.07%	14.73%	+10.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.58%	14.86%	+11.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.56%	13.92%	+13.64%

AIAG.L vs. CMFP.L - Expense Ratio Comparison

AIAG.L has a 0.49% expense ratio, which is higher than CMFP.L's 0.30% expense ratio.

Dividends

AIAG.L vs. CMFP.L - Dividend Comparison

Neither AIAG.L nor CMFP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AIAG.L and CMFP.L in my portfolio?

AIAG.L and CMFP.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIAG.L or CMFP.L?

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.

Which ETF is cheaper, AIAG.L or CMFP.L?

CMFP.L is cheaper with a 0.30% expense ratio, compared with 0.49% for AIAG.L.

What is the main difference between AIAG.L and CMFP.L?

AIAG.L is categorized as Technology Equities, while CMFP.L is Commodities. AIAG.L tracks MSCI World/Information Tech NR USD, while CMFP.L tracks Bloomberg Commodity 3 Month Forward. Their fees differ too: 0.49% for AIAG.L and 0.30% for CMFP.L.