COMF.L vs. RMAU.L
COMF.L (L&G Longer Dated All Commodities UCITS ETF) and RMAU.L (The Royal Mint Physical Gold ETC Securities) are both Commodities funds - COMF.L tracks the Bloomberg Commodity Index 3 Month Forward Total Return while RMAU.L tracks the LBMA Gold PM Price. Both are passively managed. Over the past 5 years, COMF.L returned 11.24%/yr vs 16.96%/yr for RMAU.L. At a 0.41 correlation, their price movements are largely independent. COMF.L charges 0.30%/yr vs 0.22%/yr for RMAU.L.
Performance
COMF.L vs. RMAU.L - Performance Comparison
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Returns By Period
In the year-to-date period, COMF.L achieves a 15.62% return, which is significantly higher than RMAU.L's -6.94% 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%
RMAU.L
- 1D
- 0.05%
- 1M
- -7.86%
- 6M
- -12.70%
- YTD
- -6.94%
- 1Y
- 20.37%
- 3Y*
- 26.19%
- 5Y*
- 16.96%
- 10Y*
- —
COMF.L vs. RMAU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
COMF.L L&G Longer Dated All Commodities UCITS ETF | 15.62% | 16.43% | 5.13% | -6.37% | 18.73% | 32.96% | 9.23% |
RMAU.L The Royal Mint Physical Gold ETC Securities | -6.94% | 64.59% | 25.96% | 13.29% | -0.19% | -4.17% | 19.56% |
Correlation
The correlation between COMF.L and RMAU.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2020 | 0.41 |
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Return for Risk
COMF.L vs. RMAU.L — Risk / Return Rank
COMF.L
RMAU.L
COMF.L vs. RMAU.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 The Royal Mint Physical Gold ETC Securities (RMAU.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 | RMAU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.15 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 0.82 | +1.16 |
| Martin ratioReturn relative to average drawdown | 6.41 | 1.96 | +4.44 |
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Drawdowns
COMF.L vs. RMAU.L - Drawdown Comparison
The maximum COMF.L drawdown since its inception was -60.21%, which is greater than RMAU.L's maximum drawdown of -24.69%. Use the drawdown chart below to compare losses from any high point for COMF.L and RMAU.L.
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Drawdown Indicators
| COMF.L | RMAU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.21% | -24.69% | -35.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.25% | -24.69% | +12.44% |
Max Drawdown (3Y)Largest decline over 3 years | -12.25% | -24.69% | +12.44% |
Max Drawdown (5Y)Largest decline over 5 years | -22.56% | -24.69% | +2.13% |
Max Drawdown (10Y)Largest decline over 10 years | -29.69% | — | — |
Current DrawdownCurrent decline from peak | -7.12% | -24.58% | +17.46% |
Average DrawdownAverage peak-to-trough decline | -29.35% | -7.15% | -22.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 10.36% | -6.58% |
Volatility
COMF.L vs. RMAU.L - Volatility Comparison
The current volatility for L&G Longer Dated All Commodities UCITS ETF (COMF.L) is 3.57%, while The Royal Mint Physical Gold ETC Securities (RMAU.L) has a volatility of 7.02%. This indicates that COMF.L experiences smaller price fluctuations and is considered to be less risky than RMAU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMF.L | RMAU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 7.02% | -3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 11.58% | 23.09% | -11.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 26.44% | -12.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.92% | 17.86% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.28% | 18.01% | -4.73% |
COMF.L vs. RMAU.L - Expense Ratio Comparison
COMF.L has a 0.30% expense ratio, which is higher than RMAU.L's 0.22% expense ratio.
Dividends
COMF.L vs. RMAU.L - Dividend Comparison
Neither COMF.L nor RMAU.L has paid dividends to shareholders.
Frequently Asked Questions
COMF.L and RMAU.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RMAU.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RMAU.L is cheaper with a 0.22% expense ratio, compared with 0.30% for COMF.L.
COMF.L tracks Bloomberg Commodity Index 3 Month Forward Total Return, while RMAU.L tracks LBMA Gold PM Price. They also come from different issuers: L&G and HANetf. Their fees differ too: 0.30% for COMF.L and 0.22% for RMAU.L.
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