CMFP.L vs. SDCI
Compare and contrast key facts about L&G Longer Dated All Commodities UCITS ETF (CMFP.L) and USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI).
CMFP.L and SDCI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CMFP.L is a passively managed fund by Legal & General that tracks the performance of the Bloomberg Commodity 3 Month Forward. It was launched on Mar 15, 2010. SDCI is an actively managed fund by Wainwright, Inc.. It was launched on May 3, 2018.
Performance
CMFP.L vs. SDCI - Performance Comparison
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CMFP.L vs. SDCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CMFP.L L&G Longer Dated All Commodities UCITS ETF | 15.66% | 8.49% | 6.86% | -11.43% | 32.79% | 34.61% | -0.92% | 3.99% | -6.05% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 24.72% | 9.22% | 19.97% | -5.84% | 49.07% | 37.81% | -13.24% | -6.07% | -8.39% |
Different Trading Currencies
CMFP.L is traded in GBp, while SDCI is traded in USD. To make them comparable, the SDCI 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 15.66% return, which is significantly lower than SDCI's 24.72% return.
CMFP.L
- 1D
- -2.25%
- 1M
- 3.62%
- YTD
- 15.66%
- 6M
- 22.72%
- 1Y
- 18.13%
- 3Y*
- 8.19%
- 5Y*
- 14.94%
- 10Y*
- 9.92%
SDCI
- 1D
- -1.00%
- 1M
- 10.32%
- YTD
- 24.72%
- 6M
- 23.77%
- 1Y
- 26.70%
- 3Y*
- 18.25%
- 5Y*
- 23.50%
- 10Y*
- —
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CMFP.L vs. SDCI - Expense Ratio Comparison
CMFP.L has a 0.30% expense ratio, which is lower than SDCI's 0.70% expense ratio.
Return for Risk
CMFP.L vs. SDCI — Risk / Return Rank
CMFP.L
SDCI
CMFP.L vs. SDCI - 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 USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI). 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 | SDCI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.45 | -0.20 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.96 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.76 | +0.03 |
Martin ratioReturn relative to average drawdown | 6.15 | 6.66 | -0.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CMFP.L | SDCI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.45 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 1.28 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.66 | -0.40 |
Correlation
The correlation between CMFP.L and SDCI is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CMFP.L vs. SDCI - Dividend Comparison
CMFP.L has not paid dividends to shareholders, while SDCI's dividend yield for the trailing twelve months is around 3.00%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | 3.00% | 3.68% | 5.92% | 3.46% | 33.49% | 19.26% | 0.20% | 0.93% | 0.68% |
Drawdowns
CMFP.L vs. SDCI - Drawdown Comparison
The maximum CMFP.L drawdown since its inception was -50.47%, which is greater than SDCI's maximum drawdown of -39.73%. Use the drawdown chart below to compare losses from any high point for CMFP.L and SDCI.
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Drawdown Indicators
| CMFP.L | SDCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.47% | -45.79% | -4.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.02% | -11.96% | +2.94% |
Max Drawdown (5Y)Largest decline over 5 years | -23.51% | -18.55% | -4.96% |
Max Drawdown (10Y)Largest decline over 10 years | -23.95% | — | — |
Current DrawdownCurrent decline from peak | -2.92% | -1.06% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -24.76% | -11.80% | -12.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 3.52% | -0.51% |
Volatility
CMFP.L vs. SDCI - Volatility Comparison
The current volatility for L&G Longer Dated All Commodities UCITS ETF (CMFP.L) is 6.28%, while USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) has a volatility of 8.28%. This indicates that CMFP.L experiences smaller price fluctuations and is considered to be less risky than SDCI 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 | SDCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 8.28% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 13.96% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.52% | 18.59% | -4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 18.45% | -3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.89% | 17.46% | -3.57% |