AUCO.L vs. BCOM.L
AUCO.L (L&G Gold Mining UCITS ETF) and BCOM.L (L&G All Commodities UCITS ETF - USD Accumulating ETF) are both exchange-traded funds - AUCO.L is a Gold fund tracking the STOXX Global Gold Miners Index, while BCOM.L is a Commodities fund tracking the Bloomberg Commodity Index Total Return. Both are passively managed. Over the past 5 years, AUCO.L returned 21.25%/yr vs 10.55%/yr for BCOM.L. At a 0.31 correlation, their price movements are largely independent. AUCO.L charges 0.55%/yr vs 0.15%/yr for BCOM.L.
Performance
AUCO.L vs. BCOM.L - Performance Comparison
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Returns By Period
In the year-to-date period, AUCO.L achieves a -17.51% return, which is significantly lower than BCOM.L's 21.11% return.
AUCO.L
- 1D
- -1.23%
- 1M
- -20.57%
- 6M
- -25.53%
- YTD
- -17.51%
- 1Y
- 44.33%
- 3Y*
- 38.85%
- 5Y*
- 21.25%
- 10Y*
- 11.70%
BCOM.L
- 1D
- 0.72%
- 1M
- 2.57%
- 6M
- 17.34%
- YTD
- 21.11%
- 1Y
- 30.23%
- 3Y*
- 12.55%
- 5Y*
- 10.55%
- 10Y*
- —
AUCO.L vs. BCOM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AUCO.L L&G Gold Mining UCITS ETF | -17.51% | 181.83% | 17.96% | 15.02% | -14.30% | -10.12% | 21.72% | 44.14% | -10.42% | 7.61% |
BCOM.L L&G All Commodities UCITS ETF - USD Accumulating ETF | 21.11% | 16.19% | 4.43% | -7.25% | 15.63% | 27.35% | -2.99% | 5.14% | -9.87% | 6.89% |
Correlation
The correlation between AUCO.L and BCOM.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2017 | 0.31 |
The correlation between AUCO.L and BCOM.L shifts across timeframes, from 0.14 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AUCO.L vs. BCOM.L — Risk / Return Rank
AUCO.L
BCOM.L
AUCO.L vs. BCOM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Gold Mining UCITS ETF (AUCO.L) and L&G All Commodities UCITS ETF - USD Accumulating ETF (BCOM.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.
| AUCO.L | BCOM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.32 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.10 | -0.95 |
| Martin ratioReturn relative to average drawdown | 2.68 | 6.60 | -3.92 |
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Drawdowns
AUCO.L vs. BCOM.L - Drawdown Comparison
The maximum AUCO.L drawdown since its inception was -78.30%, which is greater than BCOM.L's maximum drawdown of -31.65%. Use the drawdown chart below to compare losses from any high point for AUCO.L and BCOM.L.
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Drawdown Indicators
| AUCO.L | BCOM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.30% | -31.65% | -46.65% |
Max Drawdown (1Y)Largest decline over 1 year | -38.48% | -14.33% | -24.15% |
Max Drawdown (3Y)Largest decline over 3 years | -38.48% | -14.33% | -24.15% |
Max Drawdown (5Y)Largest decline over 5 years | -48.62% | -26.27% | -22.35% |
Max Drawdown (10Y)Largest decline over 10 years | -54.47% | — | — |
Current DrawdownCurrent decline from peak | -38.48% | -8.13% | -30.35% |
Average DrawdownAverage peak-to-trough decline | -40.73% | -11.63% | -29.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.47% | 4.52% | +11.95% |
Volatility
AUCO.L vs. BCOM.L - Volatility Comparison
L&G Gold Mining UCITS ETF (AUCO.L) has a higher volatility of 13.97% compared to L&G All Commodities UCITS ETF - USD Accumulating ETF (BCOM.L) at 4.12%. This indicates that AUCO.L's price experiences larger fluctuations and is considered to be riskier than BCOM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AUCO.L | BCOM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.97% | 4.12% | +9.85% |
Volatility (6M)Calculated over the trailing 6-month period | 39.44% | 14.82% | +24.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.93% | 16.93% | +32.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.98% | 16.80% | +22.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.75% | 15.34% | +20.41% |
AUCO.L vs. BCOM.L - Expense Ratio Comparison
AUCO.L has a 0.55% expense ratio, which is higher than BCOM.L's 0.15% expense ratio.
Dividends
AUCO.L vs. BCOM.L - Dividend Comparison
Neither AUCO.L nor BCOM.L has paid dividends to shareholders.
Frequently Asked Questions
AUCO.L and BCOM.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BCOM.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BCOM.L is cheaper with a 0.15% expense ratio, compared with 0.55% for AUCO.L.
AUCO.L is categorized as Gold, while BCOM.L is Commodities. AUCO.L tracks STOXX Global Gold Miners Index, while BCOM.L tracks Bloomberg Commodity Index Total Return. Their fees differ too: 0.55% for AUCO.L and 0.15% for BCOM.L.
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