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BCOG.L vs. IWDP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BCOG.L vs. IWDP.L

Last updated Jun 9, 2026

BCOG.L (L&G All Commodities UCITS ETF) and IWDP.L (iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP) are both exchange-traded funds - BCOG.L is a Commodities fund tracking the Bloomberg Commodity, while IWDP.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 5 years, BCOG.L returned 12.02%/yr vs 1.34%/yr for IWDP.L. At a 0.15 correlation, their price movements are largely independent. BCOG.L charges 0.15%/yr vs 0.59%/yr for IWDP.L.

Performance

BCOG.L vs. IWDP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G All Commodities UCITS ETF (BCOG.L) and iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BCOG.L achieves a 23.52% return, which is significantly higher than IWDP.L's 7.74% return.

BCOG.L

1D
0.10%
1M
-1.59%
YTD
23.52%
6M
22.25%
1Y
34.88%
3Y*
12.12%
5Y*
12.02%
10Y*
—

IWDP.L

1D
-0.50%
1M
-0.10%
YTD
7.74%
6M
9.05%
1Y
11.88%
3Y*
6.11%
5Y*
1.34%
10Y*
3.94%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BCOG.L vs. IWDP.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
BCOG.L
L&G All Commodities UCITS ETF		23.52%8.16%6.13%-12.32%29.36%29.04%-6.24%1.82%-1.43%-23.52%
IWDP.L
iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP		7.74%1.72%1.23%3.99%-14.93%26.93%-12.50%17.32%-0.09%0.91%

Correlation

The correlation between BCOG.L and IWDP.L is -0.14, 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

-0.14

Correlation (3Y)
Calculated over the trailing 3-year period

-0.02

Correlation (5Y)
Calculated over the trailing 5-year period

0.05

Correlation (All Time)
Calculated using the full available price history since Jul 6, 2017

0.15

The correlation between BCOG.L and IWDP.L shifts across timeframes, from -0.14 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

BCOG.L vs. IWDP.L - Sectors Allocation Comparison

Sectors
BCOG.L
IWDP.L

Basic Materials

35.8%

-

Financial Services

17.8%
0.1%

Consumer Cyclical

12.9%
0.0%

Communication Services

12.3%

-

Consumer Defensive

9.7%

-

Real Estate

5.8%
100.0%

Technology

5.6%

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Utilities

-

-

Basic Materials

BCOG.L
35.8%
IWDP.L

-

Financial Services

BCOG.L
17.8%
IWDP.L
0.1%

Consumer Cyclical

BCOG.L
12.9%
IWDP.L
0.0%

Communication Services

BCOG.L
12.3%
IWDP.L

-

Consumer Defensive

BCOG.L
9.7%
IWDP.L

-

Real Estate

BCOG.L
5.8%
IWDP.L
100.0%

Technology

BCOG.L
5.6%
IWDP.L

-

Energy

BCOG.L

-

IWDP.L

-

Healthcare

BCOG.L

-

IWDP.L

-

Industrials

BCOG.L

-

IWDP.L

-

Utilities

BCOG.L

-

IWDP.L

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

L&G All Commodities UCITS ETF

iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP

Often compared with BCOG.L:
BCOG.L vs. CMOP.LBCOG.L vs. GSGBCOG.L vs. CMFP.LBCOG.L vs. REGB.LBCOG.L vs. VUSA.LBCOG.L vs. CMOD.LBCOG.L vs. COMX.L
Often compared with IWDP.L:
IWDP.L vs. TRET.DEIWDP.L vs. IUSP.LIWDP.L vs. VNQIWDP.L vs. HPRO.LIWDP.L vs. BIRDXIWDP.L vs. BBOX.LIWDP.L vs. ZPRP.DE

Return for Risk

BCOG.L vs. IWDP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BCOG.L
BCOG.L Risk / Return Rank: 6464
Overall Rank
BCOG.L Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
BCOG.L Sortino Ratio Rank: 5555
Sortino Ratio Rank
BCOG.L Omega Ratio Rank: 6363
Omega Ratio Rank
BCOG.L Calmar Ratio Rank: 8383
Calmar Ratio Rank
BCOG.L Martin Ratio Rank: 5858
Martin Ratio Rank
IWDP.L
IWDP.L Risk / Return Rank: 3232
Overall Rank
IWDP.L Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
IWDP.L Sortino Ratio Rank: 3333
Sortino Ratio Rank
IWDP.L Omega Ratio Rank: 3030
Omega Ratio Rank
IWDP.L Calmar Ratio Rank: 3030
Calmar Ratio Rank
IWDP.L Martin Ratio Rank: 3232
Martin Ratio Rank
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.

BCOG.L vs. IWDP.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 iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.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.

BCOG.LIWDP.LDifference
Sharpe ratioReturn per unit of total volatility
1.87
1.08

+0.79

Sortino ratioReturn per unit of downside risk
2.37
1.59

+0.78

Omega ratioGain probability vs. loss probability

1.34

1.19

+0.15

Calmar ratioReturn relative to maximum drawdown

4.05

1.37

+2.68

Martin ratioReturn relative to average drawdown

9.26

4.26

+5.00

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BCOG.L vs. IWDP.L - Sharpe Ratio Comparison

The current BCOG.L Sharpe Ratio is 1.87, which is higher than the IWDP.L Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of BCOG.L and IWDP.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.

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Sharpe Ratios by Period

BCOG.LIWDP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.87

1.08

+0.79

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.56

0.10

+0.46

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.25

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.23

0.27

-0.04

Drawdowns

BCOG.L vs. IWDP.L - Drawdown Comparison

The maximum BCOG.L drawdown since its inception was -40.03%, smaller than the maximum IWDP.L drawdown of -59.16%. Use the drawdown chart below to compare losses from any high point for BCOG.L and IWDP.L.

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Drawdown Indicators

BCOG.LIWDP.LDifference

Max Drawdown

Largest peak-to-trough decline

-40.03%

-59.16%

+19.13%

Max Drawdown (1Y)

Largest decline over 1 year

-8.57%

-8.61%

+0.04%

Max Drawdown (3Y)

Largest decline over 3 years

-26.54%

-16.50%

-10.04%

Max Drawdown (5Y)

Largest decline over 5 years

-27.76%

-26.31%

-1.45%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.61%

—

Current Drawdown

Current decline from peak

-6.27%

-2.60%

-3.67%

Average Drawdown

Average peak-to-trough decline

-19.08%

-11.13%

-7.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.76%

2.79%

+0.97%

Volatility

BCOG.L vs. IWDP.L - Volatility Comparison

L&G All Commodities UCITS ETF (BCOG.L) has a higher volatility of 5.54% compared to iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.L) at 2.76%. This indicates that BCOG.L's price experiences larger fluctuations and is considered to be riskier than IWDP.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.LIWDP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.54%

2.76%

+2.78%

Volatility (6M)

Calculated over the trailing 6-month period

15.94%

8.47%

+7.47%

Volatility (1Y)

Calculated over the trailing 1-year period

18.56%

10.99%

+7.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.51%

13.77%

+7.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.89%

15.56%

+4.33%

BCOG.L vs. IWDP.L - Expense Ratio Comparison

BCOG.L has a 0.15% expense ratio, which is lower than IWDP.L's 0.59% expense ratio.

Dividends

BCOG.L vs. IWDP.L - Dividend Comparison

BCOG.L has not paid dividends to shareholders, while IWDP.L's dividend yield for the trailing twelve months is around 3.00%.

PositionTTM20252024202320222021202020192018201720162015
BCOG.L
L&G 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%
IWDP.L
iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP		3.00%3.14%3.18%3.14%3.56%2.17%3.11%3.03%3.82%3.05%2.96%2.93%

Frequently Asked Questions

BCOG.L and IWDP.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, 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 0.59% for IWDP.L.

BCOG.L is categorized as Commodities, while IWDP.L is REIT. BCOG.L tracks Bloomberg Commodity, while IWDP.L tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.15% for BCOG.L and 0.59% for IWDP.L.

Portfolio Optimizer

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