CMFP.L vs. SGLN.L
Compare and contrast key facts about L&G Longer Dated All Commodities UCITS ETF (CMFP.L) and iShares Physical Gold ETC (SGLN.L).
CMFP.L and SGLN.L 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. SGLN.L is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Apr 8, 2011. Both CMFP.L and SGLN.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CMFP.L vs. SGLN.L - Performance Comparison
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CMFP.L vs. SGLN.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 | 15.66% | 8.49% | 6.86% | -11.43% | 32.79% | 34.61% | -0.92% | 3.99% | -3.16% | -6.17% |
SGLN.L iShares Physical Gold ETC | 12.05% | 53.66% | 28.20% | 7.24% | 11.84% | -2.57% | 19.62% | 14.63% | 4.36% | 1.68% |
Returns By Period
In the year-to-date period, CMFP.L achieves a 15.66% return, which is significantly higher than SGLN.L's 12.05% return. Over the past 10 years, CMFP.L has underperformed SGLN.L with an annualized return of 9.92%, while SGLN.L has yielded a comparatively higher 15.23% annualized 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%
SGLN.L
- 1D
- 2.65%
- 1M
- -9.41%
- YTD
- 12.05%
- 6M
- 25.13%
- 1Y
- 48.12%
- 3Y*
- 30.78%
- 5Y*
- 23.47%
- 10Y*
- 15.23%
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CMFP.L vs. SGLN.L - Expense Ratio Comparison
Return for Risk
CMFP.L vs. SGLN.L — Risk / Return Rank
CMFP.L
SGLN.L
CMFP.L vs. SGLN.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 iShares Physical Gold ETC (SGLN.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 | SGLN.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.96 | -0.71 |
Sortino ratioReturn per unit of downside risk | 1.68 | 2.41 | -0.74 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 2.77 | +0.02 |
Martin ratioReturn relative to average drawdown | 6.15 | 11.39 | -5.24 |
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 | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.96 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 1.45 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.96 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.59 | -0.33 |
Correlation
The correlation between CMFP.L and SGLN.L is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CMFP.L vs. SGLN.L - Dividend Comparison
Neither CMFP.L nor SGLN.L has paid dividends to shareholders.
Drawdowns
CMFP.L vs. SGLN.L - Drawdown Comparison
The maximum CMFP.L drawdown since its inception was -50.47%, which is greater than SGLN.L's maximum drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for CMFP.L and SGLN.L.
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Drawdown Indicators
| CMFP.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.47% | -41.71% | -8.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.02% | -17.57% | +8.55% |
Max Drawdown (5Y)Largest decline over 5 years | -23.51% | -17.57% | -5.94% |
Max Drawdown (10Y)Largest decline over 10 years | -23.95% | -21.91% | -2.04% |
Current DrawdownCurrent decline from peak | -2.92% | -9.41% | +6.49% |
Average DrawdownAverage peak-to-trough decline | -24.76% | -14.78% | -9.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 4.27% | -1.26% |
Volatility
CMFP.L vs. SGLN.L - Volatility Comparison
The current volatility for L&G Longer Dated All Commodities UCITS ETF (CMFP.L) is 6.28%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 11.66%. This indicates that CMFP.L experiences smaller price fluctuations and is considered to be less risky than SGLN.L 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 | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 11.66% | -5.38% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 21.22% | -9.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.52% | 24.48% | -9.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 16.15% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.89% | 15.75% | -1.86% |