CMFP.L vs. FAIG.L

Last updated Jun 5, 2026

CMFP.L (L&G Longer Dated All Commodities UCITS ETF) and FAIG.L (WisdomTree Broad Commodities Longer Dated) are both Commodities funds tracking the Bloomberg Commodity 3 Month Forward, from Legal & General and WisdomTree respectively. Both are passively managed. Over the past 10 years, CMFP.L returned 9.22%/yr vs 8.21%/yr for FAIG.L. Their correlation of 0.81 suggests significant overlap in exposure. CMFP.L charges 0.30%/yr vs 0.49%/yr for FAIG.L.

Performance

CMFP.L vs. FAIG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Longer Dated All Commodities UCITS ETF (CMFP.L) and WisdomTree Broad Commodities Longer Dated (FAIG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CMFP.L is traded in GBp, while FAIG.L is traded in USD. To make them comparable, the FAIG.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with CMFP.L having a 19.16% return and FAIG.L slightly higher at 19.75%. Over the past 10 years, CMFP.L has outperformed FAIG.L with an annualized return of 9.22%, while FAIG.L has yielded a comparatively lower 8.21% annualized return.

CMFP.L

• 1D: -1.12%
• 1M: -1.18%
• YTD: 19.16%
• 6M: 18.60%
• 1Y: 32.00%
• 3Y*: 10.92%
• 5Y*: 13.29%
• 10Y*: 9.22%

FAIG.L

• 1D: -1.29%
• 1M: -1.57%
• YTD: 19.75%
• 6M: 18.96%
• 1Y: 32.79%
• 3Y*: 10.60%
• 5Y*: 11.97%
• 10Y*: 8.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CMFP.L vs. FAIG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CMFP.L L&G Longer Dated All Commodities UCITS ETF	19.16%	8.49%	6.86%	-11.43%	32.79%	34.61%	-0.92%	3.99%	-3.16%	-6.17%
FAIG.L WisdomTree Broad Commodities Longer Dated	19.75%	7.66%	5.90%	-11.88%	29.81%	31.66%	-0.96%	2.48%	-4.06%	-5.84%

Correlation

The correlation between CMFP.L and FAIG.L is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Apr 27, 2010	0.81

The correlation between CMFP.L and FAIG.L shifts across timeframes, from 0.81 (all time) to 0.94 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CMFP.L vs. FAIG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CMFP.L

CMFP.L Risk / Return Rank: 69
CMFP.L Sharpe Ratio Rank: 66
CMFP.L Sortino Ratio Rank: 59
CMFP.L Omega Ratio Rank: 65
CMFP.L Calmar Ratio Rank: 86
CMFP.L Martin Ratio Rank: 65

FAIG.L

FAIG.L Risk / Return Rank: 73
FAIG.L Sharpe Ratio Rank: 71
FAIG.L Sortino Ratio Rank: 64
FAIG.L Omega Ratio Rank: 71
FAIG.L Calmar Ratio Rank: 88
FAIG.L Martin Ratio Rank: 70

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.

CMFP.L vs. FAIG.L - 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 WisdomTree Broad Commodities Longer Dated (FAIG.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.

	CMFP.L	FAIG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.16	2.19	-0.02
Sortino ratio: Return per unit of downside risk	2.76	2.82	-0.06
Omega ratio: Gain probability vs. loss probability	1.39	1.40	-0.01
Calmar ratio: Return relative to maximum drawdown	4.81	4.90	-0.09
Martin ratio: Return relative to average drawdown	11.77	12.88	-1.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMFP.L vs. FAIG.L - Sharpe Ratio Comparison

The current CMFP.L Sharpe Ratio is 2.16, which is comparable to the FAIG.L Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of CMFP.L and FAIG.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.

Sharpe Ratios by Period

	CMFP.L	FAIG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	2.19	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	0.76	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.56	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.23	+0.03

Drawdowns

CMFP.L vs. FAIG.L - Drawdown Comparison

The maximum CMFP.L drawdown since its inception was -50.47%, roughly equal to the maximum FAIG.L drawdown of -51.32%. Use the drawdown chart below to compare losses from any high point for CMFP.L and FAIG.L.

Drawdown Indicators

	CMFP.L	FAIG.L	Difference
Max Drawdown Largest peak-to-trough decline	-50.47%	-51.32%	+0.85%
Max Drawdown (1Y) Largest decline over 1 year	-6.63%	-6.66%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-12.97%	-12.87%	-0.10%
Max Drawdown (5Y) Largest decline over 5 years	-23.51%	-26.47%	+2.96%
Max Drawdown (10Y) Largest decline over 10 years	-23.95%	-26.47%	+2.52%
Current Drawdown Current decline from peak	-3.64%	-3.81%	+0.17%
Average Drawdown Average peak-to-trough decline	-24.51%	-26.24%	+1.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	2.54%	+0.17%

Volatility

CMFP.L vs. FAIG.L - Volatility Comparison

L&G Longer Dated All Commodities UCITS ETF (CMFP.L) and WisdomTree Broad Commodities Longer Dated (FAIG.L) have volatilities of 4.82% and 4.60%, 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.

Volatility by Period

	CMFP.L	FAIG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.82%	4.60%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	12.18%	12.16%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	14.73%	14.96%	-0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.86%	15.73%	-0.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.92%	14.71%	-0.79%

CMFP.L vs. FAIG.L - Expense Ratio Comparison

CMFP.L has a 0.30% expense ratio, which is lower than FAIG.L's 0.49% expense ratio.

Dividends

CMFP.L vs. FAIG.L - Dividend Comparison

Neither CMFP.L nor FAIG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CMFP.L and FAIG.L in my portfolio?

With a correlation of 0.94, CMFP.L and FAIG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, CMFP.L or FAIG.L?

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.

Which ETF is cheaper, CMFP.L or FAIG.L?

CMFP.L is cheaper with a 0.30% expense ratio, compared with 0.49% for FAIG.L.

What is the main difference between CMFP.L and FAIG.L?

Both ETFs track Bloomberg Commodity 3 Month Forward. They also come from different issuers: Legal & General and WisdomTree. Their fees differ too: 0.30% for CMFP.L and 0.49% for FAIG.L.