COMF.L vs. ICOM.L
COMF.L (L&G Longer Dated All Commodities UCITS ETF) and ICOM.L (iShares Diversified Commodity Swap UCITS ETF) are both Commodities funds - COMF.L tracks the Bloomberg Commodity Index 3 Month Forward Total Return while ICOM.L tracks the Bloomberg Commodity (Total Return Index). Both are passively managed. Over the past 5 years, COMF.L returned 11.24%/yr vs 10.37%/yr for ICOM.L. Their correlation of 0.95 suggests significant overlap in exposure. COMF.L charges 0.30%/yr vs 0.19%/yr for ICOM.L.
Performance
COMF.L vs. ICOM.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, COMF.L achieves a 15.62% return, which is significantly lower than ICOM.L's 21.07% return.
COMF.L
- 1D
- 0.49%
- 1M
- 1.36%
- 6M
- 12.32%
- YTD
- 15.62%
- 1Y
- 24.40%
- 3Y*
- 11.31%
- 5Y*
- 11.24%
- 10Y*
- 8.22%
ICOM.L
- 1D
- 0.73%
- 1M
- 2.64%
- 6M
- 17.41%
- YTD
- 21.07%
- 1Y
- 30.51%
- 3Y*
- 12.61%
- 5Y*
- 10.37%
- 10Y*
- —
COMF.L vs. ICOM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COMF.L L&G Longer Dated All Commodities UCITS ETF | 15.62% | 16.43% | 5.13% | -6.37% | 18.73% | 32.96% | 2.52% | 7.36% | -8.43% | 6.56% |
ICOM.L iShares Diversified Commodity Swap UCITS ETF | 21.07% | 16.57% | 4.40% | -7.51% | 14.83% | 27.05% | -3.74% | 6.82% | -10.21% | 5.80% |
Correlation
The correlation between COMF.L and ICOM.L is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2017 | 0.95 |
The correlation between COMF.L and ICOM.L has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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
COMF.L vs. ICOM.L — Risk / Return Rank
COMF.L
ICOM.L
COMF.L vs. ICOM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Longer Dated All Commodities UCITS ETF (COMF.L) and iShares Diversified Commodity Swap UCITS ETF (ICOM.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.
| COMF.L | ICOM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.11 | -0.13 |
| Martin ratioReturn relative to average drawdown | 6.41 | 6.70 | -0.29 |
Loading charts...
Drawdowns
COMF.L vs. ICOM.L - Drawdown Comparison
The maximum COMF.L drawdown since its inception was -60.21%, which is greater than ICOM.L's maximum drawdown of -33.13%. Use the drawdown chart below to compare losses from any high point for COMF.L and ICOM.L.
Loading charts...
Drawdown Indicators
| COMF.L | ICOM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.21% | -33.13% | -27.08% |
Max Drawdown (1Y)Largest decline over 1 year | -12.25% | -14.39% | +2.14% |
Max Drawdown (3Y)Largest decline over 3 years | -12.25% | -14.39% | +2.14% |
Max Drawdown (5Y)Largest decline over 5 years | -22.56% | -26.74% | +4.18% |
Max Drawdown (10Y)Largest decline over 10 years | -29.69% | — | — |
Current DrawdownCurrent decline from peak | -7.12% | -8.05% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -29.35% | -12.41% | -16.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 4.51% | -0.73% |
Volatility
COMF.L vs. ICOM.L - Volatility Comparison
The current volatility for L&G Longer Dated All Commodities UCITS ETF (COMF.L) is 3.57%, while iShares Diversified Commodity Swap UCITS ETF (ICOM.L) has a volatility of 4.37%. This indicates that COMF.L experiences smaller price fluctuations and is considered to be less risky than ICOM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| COMF.L | ICOM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 4.37% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 11.58% | 15.20% | -3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 17.15% | -3.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.92% | 16.54% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.28% | 14.97% | -1.69% |
COMF.L vs. ICOM.L - Expense Ratio Comparison
COMF.L has a 0.30% expense ratio, which is higher than ICOM.L's 0.19% expense ratio.
Dividends
COMF.L vs. ICOM.L - Dividend Comparison
Neither COMF.L nor ICOM.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, COMF.L and ICOM.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.
On fees, ICOM.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICOM.L is cheaper with a 0.19% expense ratio, compared with 0.30% for COMF.L.
COMF.L tracks Bloomberg Commodity Index 3 Month Forward Total Return, while ICOM.L tracks Bloomberg Commodity (Total Return Index). They also come from different issuers: L&G and iShares. Their fees differ too: 0.30% for COMF.L and 0.19% for ICOM.L.
Find the right allocation for COMF.L and ICOM.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