CMFP.L vs. AIA
CMFP.L (L&G Longer Dated All Commodities UCITS ETF) and AIA (iShares Asia 50 ETF) are both exchange-traded funds - CMFP.L is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward, while AIA is a Asia Pacific Equities fund tracking the S&P Asia 50. Both are passively managed. Over the past 10 years, CMFP.L returned 8.57%/yr vs 16.26%/yr for AIA. At a 0.26 correlation, their price movements are largely independent. CMFP.L charges 0.30%/yr vs 0.50%/yr for AIA.
Performance
CMFP.L vs. AIA - Performance Comparison
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Different Trading Currencies
CMFP.L is traded in GBp, while AIA is traded in USD. To make them comparable, the AIA values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CMFP.L achieves a 14.35% return, which is significantly lower than AIA's 50.79% return. Over the past 10 years, CMFP.L has underperformed AIA with an annualized return of 8.57%, while AIA has yielded a comparatively higher 16.26% annualized return.
CMFP.L
- 1D
- -0.63%
- 1M
- -6.61%
- YTD
- 14.35%
- 6M
- 15.89%
- 1Y
- 23.80%
- 3Y*
- 9.26%
- 5Y*
- 12.26%
- 10Y*
- 8.57%
AIA
- 1D
- 3.78%
- 1M
- 10.05%
- YTD
- 50.79%
- 6M
- 56.57%
- 1Y
- 93.11%
- 3Y*
- 33.88%
- 5Y*
- 13.65%
- 10Y*
- 16.26%
CMFP.L vs. AIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMFP.L L&G Longer Dated All Commodities UCITS ETF | 14.35% | 8.49% | 6.86% | -11.43% | 32.79% | 34.61% | -0.92% | 3.99% | -3.16% | -6.17% |
AIA iShares Asia 50 ETF | 50.79% | 37.26% | 22.36% | -0.89% | -15.06% | -10.07% | 29.80% | 17.56% | -9.14% | 32.46% |
Correlation
The correlation between CMFP.L and AIA is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2010 | 0.26 |
The correlation between CMFP.L and AIA shifts across timeframes, from 0.06 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CMFP.L vs. AIA — Risk / Return Rank
CMFP.L
AIA
CMFP.L vs. AIA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Longer Dated All Commodities UCITS ETF (CMFP.L) and iShares Asia 50 ETF (AIA). 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.
| CMFP.L | AIA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.62 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 8.00 | -4.85 |
| Martin ratioReturn relative to average drawdown | 8.23 | 25.33 | -17.10 |
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Drawdowns
CMFP.L vs. AIA - Drawdown Comparison
The maximum CMFP.L drawdown since its inception was -66.80%, which is greater than AIA's maximum drawdown of -46.86%. Use the drawdown chart below to compare losses from any high point for CMFP.L and AIA.
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Drawdown Indicators
| CMFP.L | AIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.80% | -46.86% | -19.94% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -11.70% | +4.17% |
Max Drawdown (3Y)Largest decline over 3 years | -25.15% | -21.92% | -3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -25.15% | -39.70% | +14.55% |
Max Drawdown (10Y)Largest decline over 10 years | -25.15% | -45.18% | +20.03% |
Current DrawdownCurrent decline from peak | -9.06% | -2.46% | -6.60% |
Average DrawdownAverage peak-to-trough decline | -43.95% | -12.36% | -31.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 3.69% | -0.81% |
Volatility
CMFP.L vs. AIA - Volatility Comparison
The current volatility for L&G Longer Dated All Commodities UCITS ETF (CMFP.L) is 3.78%, while iShares Asia 50 ETF (AIA) has a volatility of 14.00%. This indicates that CMFP.L experiences smaller price fluctuations and is considered to be less risky than AIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMFP.L | AIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 14.00% | -10.22% |
Volatility (6M)Calculated over the trailing 6-month period | 12.33% | 22.69% | -10.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.90% | 26.07% | -11.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.04% | 23.81% | -3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 22.71% | -5.87% |
CMFP.L vs. AIA - Expense Ratio Comparison
CMFP.L has a 0.30% expense ratio, which is lower than AIA's 0.50% expense ratio.
Dividends
CMFP.L vs. AIA - Dividend Comparison
CMFP.L has not paid dividends to shareholders, while AIA's dividend yield for the trailing twelve months is around 2.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIA iShares Asia 50 ETF | 2.03% | 2.50% | 2.78% | 2.07% | 2.59% | 1.54% | 1.11% | 2.24% | 2.49% | 1.45% | 2.29% | 2.88% |
CMFP.L L&G Longer Dated 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% |
Frequently Asked Questions
CMFP.L and AIA have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMFP.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMFP.L is cheaper with a 0.30% expense ratio, compared with 0.50% for AIA.
CMFP.L is categorized as Commodities, while AIA is Asia Pacific Equities. CMFP.L tracks Bloomberg Commodity 3 Month Forward, while AIA tracks S&P Asia 50. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.30% for CMFP.L and 0.50% for AIA.
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