BCOG.L vs. BIGT.L
BCOG.L (L&G All Commodities UCITS ETF) and BIGT.L (L&G Pharma Breakthrough UCITS ETF) are both exchange-traded funds - BCOG.L is a Commodities fund tracking the Bloomberg Commodity, while BIGT.L is a Health & Biotech Equities fund tracking the NASDAQ Biotechnology TR USD. Both are passively managed. Over the past 5 years, BCOG.L returned 10.86%/yr vs 3.20%/yr for BIGT.L. At a 0.12 correlation, their price movements are largely independent. BCOG.L charges 0.15%/yr vs 0.49%/yr for BIGT.L.
Performance
BCOG.L vs. BIGT.L - Performance Comparison
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Returns By Period
In the year-to-date period, BCOG.L achieves a 19.93% return, which is significantly higher than BIGT.L's 7.76% return.
BCOG.L
- 1D
- -0.83%
- 1M
- 1.09%
- 6M
- 14.90%
- YTD
- 19.93%
- 1Y
- 28.94%
- 3Y*
- 11.35%
- 5Y*
- 10.86%
- 10Y*
- —
BIGT.L
- 1D
- -1.28%
- 1M
- 7.11%
- 6M
- 6.84%
- YTD
- 7.76%
- 1Y
- 33.20%
- 3Y*
- 9.77%
- 5Y*
- 3.20%
- 10Y*
- —
BCOG.L vs. BIGT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BCOG.L L&G All Commodities UCITS ETF | 19.93% | 8.16% | 6.13% | -12.32% | 29.36% | 29.04% | -6.24% | 1.82% | -1.43% |
BIGT.L L&G Pharma Breakthrough UCITS ETF | 7.76% | 27.03% | -3.16% | -14.88% | 2.68% | -2.30% | 23.89% | 9.47% | -28.12% |
Correlation
The correlation between BCOG.L and BIGT.L is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.12 |
The correlation between BCOG.L and BIGT.L shifts across timeframes, from -0.20 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BCOG.L vs. BIGT.L — Risk / Return Rank
BCOG.L
BIGT.L
BCOG.L vs. BIGT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G All Commodities UCITS ETF (BCOG.L) and L&G Pharma Breakthrough UCITS ETF (BIGT.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.
| BCOG.L | BIGT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 3.33 | -1.16 |
| Martin ratioReturn relative to average drawdown | 6.72 | 9.47 | -2.75 |
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Drawdowns
BCOG.L vs. BIGT.L - Drawdown Comparison
The maximum BCOG.L drawdown since its inception was -40.03%, which is greater than BIGT.L's maximum drawdown of -36.84%. Use the drawdown chart below to compare losses from any high point for BCOG.L and BIGT.L.
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Drawdown Indicators
| BCOG.L | BIGT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.03% | -36.84% | -3.19% |
Max Drawdown (1Y)Largest decline over 1 year | -13.29% | -9.93% | -3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -26.54% | -28.44% | +1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -27.76% | -30.23% | +2.47% |
Current DrawdownCurrent decline from peak | -8.99% | -6.64% | -2.35% |
Average DrawdownAverage peak-to-trough decline | -18.97% | -17.21% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 3.50% | +0.79% |
Volatility
BCOG.L vs. BIGT.L - Volatility Comparison
The current volatility for L&G All Commodities UCITS ETF (BCOG.L) is 4.56%, while L&G Pharma Breakthrough UCITS ETF (BIGT.L) has a volatility of 6.49%. This indicates that BCOG.L experiences smaller price fluctuations and is considered to be less risky than BIGT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCOG.L | BIGT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 6.49% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 16.06% | 14.29% | +1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.09% | 19.03% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.54% | 21.46% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.84% | 23.23% | -3.39% |
BCOG.L vs. BIGT.L - Expense Ratio Comparison
BCOG.L has a 0.15% expense ratio, which is lower than BIGT.L's 0.49% expense ratio.
Dividends
BCOG.L vs. BIGT.L - Dividend Comparison
Neither BCOG.L nor BIGT.L has paid dividends to shareholders.
Frequently Asked Questions
BCOG.L and BIGT.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, BCOG.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BCOG.L is cheaper with a 0.15% expense ratio, compared with 0.49% for BIGT.L.
BCOG.L is categorized as Commodities, while BIGT.L is Health & Biotech Equities. BCOG.L tracks Bloomberg Commodity, while BIGT.L tracks NASDAQ Biotechnology TR USD. Their fees differ too: 0.15% for BCOG.L and 0.49% for BIGT.L.
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