BCOM.L vs. AUCO.L
BCOM.L (L&G All Commodities UCITS ETF - USD Accumulating ETF) and AUCO.L (L&G Gold Mining UCITS ETF) are both exchange-traded funds - BCOM.L is a Commodities fund tracking the Bloomberg Commodity Index Total Return, while AUCO.L is a Gold fund tracking the STOXX Global Gold Miners Index. Both are passively managed. Over the past 5 years, BCOM.L returned 10.51%/yr vs 22.07%/yr for AUCO.L. At a 0.31 correlation, their price movements are largely independent. BCOM.L charges 0.15%/yr vs 0.55%/yr for AUCO.L.
Performance
BCOM.L vs. AUCO.L - Performance Comparison
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Returns By Period
In the year-to-date period, BCOM.L achieves a 20.90% return, which is significantly higher than AUCO.L's -14.70% return.
BCOM.L
- 1D
- 0.64%
- 1M
- 2.17%
- 6M
- 16.01%
- YTD
- 20.90%
- 1Y
- 30.69%
- 3Y*
- 12.81%
- 5Y*
- 10.51%
- 10Y*
- —
AUCO.L
- 1D
- -2.98%
- 1M
- -14.48%
- 6M
- -23.42%
- YTD
- -14.70%
- 1Y
- 48.05%
- 3Y*
- 41.28%
- 5Y*
- 22.07%
- 10Y*
- 11.99%
BCOM.L vs. AUCO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCOM.L L&G All Commodities UCITS ETF - USD Accumulating ETF | 20.90% | 16.19% | 4.43% | -7.25% | 15.63% | 27.35% | -2.99% | 5.14% | -9.87% | 6.89% |
AUCO.L L&G Gold Mining UCITS ETF | -14.70% | 181.83% | 17.96% | 15.02% | -14.30% | -10.12% | 21.72% | 44.14% | -10.42% | 7.61% |
Correlation
The correlation between BCOM.L and AUCO.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 BCOM.L and AUCO.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
BCOM.L vs. AUCO.L — Risk / Return Rank
BCOM.L
AUCO.L
BCOM.L vs. AUCO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G All Commodities UCITS ETF - USD Accumulating ETF (BCOM.L) and L&G Gold Mining UCITS ETF (AUCO.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.
| BCOM.L | AUCO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.18 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 1.27 | +0.83 |
| Martin ratioReturn relative to average drawdown | 6.65 | 2.97 | +3.68 |
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Drawdowns
BCOM.L vs. AUCO.L - Drawdown Comparison
The maximum BCOM.L drawdown since its inception was -31.65%, smaller than the maximum AUCO.L drawdown of -78.30%. Use the drawdown chart below to compare losses from any high point for BCOM.L and AUCO.L.
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Drawdown Indicators
| BCOM.L | AUCO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.65% | -78.30% | +46.65% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -37.60% | +23.27% |
Max Drawdown (3Y)Largest decline over 3 years | -14.33% | -37.60% | +23.27% |
Max Drawdown (5Y)Largest decline over 5 years | -26.27% | -48.62% | +22.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.47% | — |
Current DrawdownCurrent decline from peak | -8.29% | -36.38% | +28.09% |
Average DrawdownAverage peak-to-trough decline | -11.63% | -40.73% | +29.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 16.11% | -11.58% |
Volatility
BCOM.L vs. AUCO.L - Volatility Comparison
The current volatility for L&G All Commodities UCITS ETF - USD Accumulating ETF (BCOM.L) is 4.53%, while L&G Gold Mining UCITS ETF (AUCO.L) has a volatility of 16.05%. This indicates that BCOM.L experiences smaller price fluctuations and is considered to be less risky than AUCO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCOM.L | AUCO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 16.05% | -11.52% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 39.39% | -24.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.93% | 48.92% | -31.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 38.99% | -22.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 35.75% | -20.40% |
BCOM.L vs. AUCO.L - Expense Ratio Comparison
BCOM.L has a 0.15% expense ratio, which is lower than AUCO.L's 0.55% expense ratio.
Dividends
BCOM.L vs. AUCO.L - Dividend Comparison
Neither BCOM.L nor AUCO.L has paid dividends to shareholders.
Frequently Asked Questions
BCOM.L and AUCO.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.
BCOM.L is categorized as Commodities, while AUCO.L is Gold. BCOM.L tracks Bloomberg Commodity Index Total Return, while AUCO.L tracks STOXX Global Gold Miners Index. Their fees differ too: 0.15% for BCOM.L and 0.55% for AUCO.L.
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