CMFP.L vs. VXUS
CMFP.L (L&G Longer Dated All Commodities UCITS ETF) and VXUS (Vanguard Total International Stock ETF) are both exchange-traded funds - CMFP.L is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward, while VXUS is a Global Equities fund tracking the FTSE Global All Cap ex US Index. Both are passively managed. Over the past 10 years, CMFP.L returned 8.57%/yr vs 10.99%/yr for VXUS. At a 0.28 correlation, their price movements are largely independent. CMFP.L charges 0.30%/yr vs 0.05%/yr for VXUS.
Performance
CMFP.L vs. VXUS - Performance Comparison
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Different Trading Currencies
CMFP.L is traded in GBp, while VXUS is traded in USD. To make them comparable, the VXUS 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 VXUS's 15.93% return. Over the past 10 years, CMFP.L has underperformed VXUS with an annualized return of 8.57%, while VXUS has yielded a comparatively higher 10.99% 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%
VXUS
- 1D
- 1.45%
- 1M
- 3.95%
- YTD
- 15.93%
- 6M
- 16.54%
- 1Y
- 33.65%
- 3Y*
- 16.78%
- 5Y*
- 9.74%
- 10Y*
- 10.99%
CMFP.L vs. VXUS - 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% |
VXUS Vanguard Total International Stock ETF | 15.93% | 22.92% | 6.91% | 10.07% | -6.10% | 10.02% | 7.41% | 17.11% | -9.35% | 16.43% |
Correlation
The correlation between CMFP.L and VXUS 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 | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2011 | 0.28 |
The correlation between CMFP.L and VXUS shifts across timeframes, from -0.03 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CMFP.L vs. VXUS — Risk / Return Rank
CMFP.L
VXUS
CMFP.L vs. VXUS - 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 Vanguard Total International Stock ETF (VXUS). 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 | VXUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.49 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 3.38 | -0.24 |
| Martin ratioReturn relative to average drawdown | 8.23 | 13.58 | -5.35 |
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Drawdowns
CMFP.L vs. VXUS - Drawdown Comparison
The maximum CMFP.L drawdown since its inception was -66.80%, which is greater than VXUS's maximum drawdown of -28.73%. Use the drawdown chart below to compare losses from any high point for CMFP.L and VXUS.
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Drawdown Indicators
| CMFP.L | VXUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.80% | -28.73% | -38.07% |
Max Drawdown (1Y)Largest decline over 1 year | -7.53% | -9.99% | +2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -25.15% | -13.06% | -12.09% |
Max Drawdown (5Y)Largest decline over 5 years | -25.15% | -14.57% | -10.58% |
Max Drawdown (10Y)Largest decline over 10 years | -25.15% | -28.73% | +3.58% |
Current DrawdownCurrent decline from peak | -9.06% | 0.00% | -9.06% |
Average DrawdownAverage peak-to-trough decline | -43.95% | -5.11% | -38.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 2.49% | +0.39% |
Volatility
CMFP.L vs. VXUS - Volatility Comparison
The current volatility for L&G Longer Dated All Commodities UCITS ETF (CMFP.L) is 3.78%, while Vanguard Total International Stock ETF (VXUS) has a volatility of 5.95%. This indicates that CMFP.L experiences smaller price fluctuations and is considered to be less risky than VXUS 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 | VXUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 5.95% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 12.33% | 11.88% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.90% | 13.54% | +1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.04% | 13.11% | +6.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 15.51% | +1.33% |
CMFP.L vs. VXUS - Expense Ratio Comparison
CMFP.L has a 0.30% expense ratio, which is higher than VXUS's 0.05% expense ratio.
Dividends
CMFP.L vs. VXUS - Dividend Comparison
CMFP.L has not paid dividends to shareholders, while VXUS's dividend yield for the trailing twelve months is around 2.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VXUS Vanguard Total International Stock ETF | 2.63% | 3.18% | 3.37% | 3.24% | 3.09% | 3.10% | 2.14% | 3.06% | 3.18% | 2.73% | 2.93% | 2.83% |
Frequently Asked Questions
CMFP.L and VXUS 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, VXUS is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VXUS is cheaper with a 0.05% expense ratio, compared with 0.30% for CMFP.L.
CMFP.L is categorized as Commodities, while VXUS is Global Equities. CMFP.L tracks Bloomberg Commodity 3 Month Forward, while VXUS tracks FTSE Global All Cap ex US Index. They also come from different issuers: Legal & General and Vanguard. Their fees differ too: 0.30% for CMFP.L and 0.05% for VXUS.
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