BCOM.L vs. RTWO.L
BCOM.L (L&G All Commodities UCITS ETF - USD Accumulating ETF) and RTWO.L (L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc) are both exchange-traded funds - BCOM.L is a Commodities fund tracking the Bloomberg Commodity Index Total Return, while RTWO.L is a Small Cap Blend Equities fund tracking the Russell 2000 0.4 Quality Target Exposure Factor Index. Both are passively managed. Over the past 5 years, BCOM.L returned 10.51%/yr vs 8.50%/yr for RTWO.L. At a 0.22 correlation, their price movements are largely independent. BCOM.L charges 0.15%/yr vs 0.30%/yr for RTWO.L.
Performance
BCOM.L vs. RTWO.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BCOM.L having a 20.90% return and RTWO.L slightly lower at 20.10%.
BCOM.L
- 1D
- 0.64%
- 1M
- 2.17%
- 6M
- 16.01%
- YTD
- 20.90%
- 1Y
- 30.69%
- 3Y*
- 12.81%
- 5Y*
- 10.51%
- 10Y*
- —
RTWO.L
- 1D
- 0.57%
- 1M
- 1.17%
- 6M
- 14.38%
- YTD
- 20.10%
- 1Y
- 33.31%
- 3Y*
- 16.35%
- 5Y*
- 8.50%
- 10Y*
- 11.21%
BCOM.L vs. RTWO.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% |
RTWO.L L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc | 20.10% | 11.33% | 9.23% | 20.05% | -18.68% | 19.21% | 19.82% | 24.50% | -12.20% | 9.51% |
Correlation
The correlation between BCOM.L and RTWO.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 | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2017 | 0.22 |
The correlation between BCOM.L and RTWO.L shifts across timeframes, from -0.14 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BCOM.L vs. RTWO.L — Risk / Return Rank
BCOM.L
RTWO.L
BCOM.L vs. RTWO.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 Russell 2000 US Small Cap Quality UCITS ETF USD Acc (RTWO.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 | RTWO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 3.65 | -1.55 |
| Martin ratioReturn relative to average drawdown | 6.65 | 12.05 | -5.40 |
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Drawdowns
BCOM.L vs. RTWO.L - Drawdown Comparison
The maximum BCOM.L drawdown since its inception was -31.65%, smaller than the maximum RTWO.L drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for BCOM.L and RTWO.L.
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Drawdown Indicators
| BCOM.L | RTWO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.65% | -53.86% | +22.21% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -9.08% | -5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -14.33% | -26.96% | +12.63% |
Max Drawdown (5Y)Largest decline over 5 years | -26.27% | -29.71% | +3.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.01% | — |
Current DrawdownCurrent decline from peak | -8.29% | -1.25% | -7.04% |
Average DrawdownAverage peak-to-trough decline | -11.63% | -9.95% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 2.76% | +1.77% |
Volatility
BCOM.L vs. RTWO.L - Volatility Comparison
L&G All Commodities UCITS ETF - USD Accumulating ETF (BCOM.L) and L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (RTWO.L) have volatilities of 4.53% and 4.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCOM.L | RTWO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 4.39% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 12.94% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.93% | 17.25% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 21.05% | -4.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.35% | 21.37% | -6.02% |
BCOM.L vs. RTWO.L - Expense Ratio Comparison
BCOM.L has a 0.15% expense ratio, which is lower than RTWO.L's 0.30% expense ratio.
Dividends
BCOM.L vs. RTWO.L - Dividend Comparison
Neither BCOM.L nor RTWO.L has paid dividends to shareholders.
Frequently Asked Questions
BCOM.L and RTWO.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 0.30% for RTWO.L.
BCOM.L is categorized as Commodities, while RTWO.L is Small Cap Blend Equities. BCOM.L tracks Bloomberg Commodity Index Total Return, while RTWO.L tracks Russell 2000 0.4 Quality Target Exposure Factor Index. Their fees differ too: 0.15% for BCOM.L and 0.30% for RTWO.L.
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