CMFP.L vs. RENG.L
CMFP.L (L&G Longer Dated All Commodities UCITS ETF) and RENG.L (L&G Clean Energy UCITS ETF) are both exchange-traded funds - CMFP.L is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward, while RENG.L is a Energy Equities fund tracking the S&P Global Clean Energy TR USD. Both are passively managed. Over the past 5 years, CMFP.L returned 11.64%/yr vs 6.31%/yr for RENG.L. At a 0.10 correlation, their price movements are largely independent. CMFP.L charges 0.30%/yr vs 0.49%/yr for RENG.L.
Performance
CMFP.L vs. RENG.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CMFP.L achieves a 14.97% return, which is significantly lower than RENG.L's 25.44% return.
CMFP.L
- 1D
- -0.45%
- 1M
- 0.54%
- 6M
- 10.31%
- YTD
- 14.97%
- 1Y
- 23.33%
- 3Y*
- 10.24%
- 5Y*
- 11.64%
- 10Y*
- 7.89%
RENG.L
- 1D
- -1.90%
- 1M
- -7.73%
- 6M
- 19.01%
- YTD
- 25.44%
- 1Y
- 47.59%
- 3Y*
- 13.38%
- 5Y*
- 6.31%
- 10Y*
- —
CMFP.L vs. RENG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CMFP.L L&G Longer Dated All Commodities UCITS ETF | 14.97% | 8.49% | 6.86% | -11.43% | 32.79% | 34.61% | 2.46% |
RENG.L L&G Clean Energy UCITS ETF | 25.44% | 40.21% | -12.86% | -13.13% | 2.03% | -6.20% | 9.04% |
Correlation
The correlation between CMFP.L and RENG.L is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2020 | 0.10 |
The correlation between CMFP.L and RENG.L shifts across timeframes, from -0.03 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CMFP.L vs. RENG.L — Risk / Return Rank
CMFP.L
RENG.L
CMFP.L vs. RENG.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 L&G Clean Energy UCITS ETF (RENG.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.
| CMFP.L | RENG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.33 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 3.10 | -0.87 |
| Martin ratioReturn relative to average drawdown | 7.12 | 11.16 | -4.04 |
Loading charts...
Drawdowns
CMFP.L vs. RENG.L - Drawdown Comparison
The maximum CMFP.L drawdown since its inception was -66.80%, which is greater than RENG.L's maximum drawdown of -45.48%. Use the drawdown chart below to compare losses from any high point for CMFP.L and RENG.L.
Loading charts...
Drawdown Indicators
| CMFP.L | RENG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.80% | -45.48% | -21.32% |
Max Drawdown (1Y)Largest decline over 1 year | -10.45% | -15.30% | +4.85% |
Max Drawdown (3Y)Largest decline over 3 years | -25.15% | -31.61% | +6.46% |
Max Drawdown (5Y)Largest decline over 5 years | -25.15% | -40.27% | +15.12% |
Max Drawdown (10Y)Largest decline over 10 years | -25.15% | — | — |
Current DrawdownCurrent decline from peak | -8.56% | -14.72% | +6.16% |
Average DrawdownAverage peak-to-trough decline | -43.77% | -20.57% | -23.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 4.25% | -0.98% |
Volatility
CMFP.L vs. RENG.L - Volatility Comparison
The current volatility for L&G Longer Dated All Commodities UCITS ETF (CMFP.L) is 3.60%, while L&G Clean Energy UCITS ETF (RENG.L) has a volatility of 8.75%. This indicates that CMFP.L experiences smaller price fluctuations and is considered to be less risky than RENG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CMFP.L | RENG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 8.75% | -5.15% |
Volatility (6M)Calculated over the trailing 6-month period | 12.13% | 19.05% | -6.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.44% | 24.34% | -9.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.00% | 22.21% | -2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 22.64% | -5.97% |
CMFP.L vs. RENG.L - Expense Ratio Comparison
CMFP.L has a 0.30% expense ratio, which is lower than RENG.L's 0.49% expense ratio.
Dividends
CMFP.L vs. RENG.L - Dividend Comparison
Neither CMFP.L nor RENG.L has paid dividends to shareholders.
Frequently Asked Questions
CMFP.L and RENG.L have a correlation of -0.03, 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 0.49% for RENG.L.
CMFP.L is categorized as Commodities, while RENG.L is Energy Equities. CMFP.L tracks Bloomberg Commodity 3 Month Forward, while RENG.L tracks S&P Global Clean Energy TR USD. Their fees differ too: 0.30% for CMFP.L and 0.49% for RENG.L.
Find the right allocation for CMFP.L and RENG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer