COMF.L vs. UD07.L
COMF.L (L&G Longer Dated All Commodities UCITS ETF) and UD07.L (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc) are both Commodities funds - COMF.L tracks the Bloomberg Commodity Index 3 Month Forward Total Return while UD07.L tracks the UBS BCOM Constant Maturity. Both are passively managed. Over the past 5 years, COMF.L returned 11.24%/yr vs 11.04%/yr for UD07.L. Their correlation of 0.86 suggests significant overlap in exposure. COMF.L charges 0.30%/yr vs 0.34%/yr for UD07.L.
Performance
COMF.L vs. UD07.L - Performance Comparison
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Different Trading Currencies
COMF.L is traded in USD, while UD07.L is traded in GBp. To make them comparable, the UD07.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with COMF.L having a 15.66% return and UD07.L slightly lower at 15.43%.
COMF.L
- 1D
- 0.39%
- 1M
- 1.29%
- 6M
- 10.85%
- YTD
- 15.66%
- 1Y
- 24.69%
- 3Y*
- 11.59%
- 5Y*
- 11.24%
- 10Y*
- 8.22%
UD07.L
- 1D
- 1.03%
- 1M
- 0.10%
- 6M
- 10.81%
- YTD
- 15.43%
- 1Y
- 25.49%
- 3Y*
- 11.76%
- 5Y*
- 11.04%
- 10Y*
- —
COMF.L vs. UD07.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 | 15.66% | 16.43% | 5.13% | -6.37% | 18.73% | 32.96% | 2.52% | 7.36% | -8.43% | 5.27% |
UD07.L UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc | 15.43% | 18.17% | 4.49% | -6.28% | 17.96% | 30.73% | 1.76% | 6.94% | 6,664.09% | 10.82% |
Correlation
The correlation between COMF.L and UD07.L is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.86 |
The correlation between COMF.L and UD07.L has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.
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Return for Risk
COMF.L vs. UD07.L — Risk / Return Rank
COMF.L
UD07.L
COMF.L vs. UD07.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 UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.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 | UD07.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.13 | -0.14 |
| Martin ratioReturn relative to average drawdown | 6.49 | 6.99 | -0.49 |
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Drawdowns
COMF.L vs. UD07.L - Drawdown Comparison
The maximum COMF.L drawdown since its inception was -60.21%, which is greater than UD07.L's maximum drawdown of -41.41%. Use the drawdown chart below to compare losses from any high point for COMF.L and UD07.L.
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Drawdown Indicators
| COMF.L | UD07.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.21% | -41.41% | -18.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.25% | -11.70% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -12.25% | -11.70% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -22.56% | -41.41% | +18.85% |
Max Drawdown (10Y)Largest decline over 10 years | -29.69% | — | — |
Current DrawdownCurrent decline from peak | -7.09% | -13.73% | +6.64% |
Average DrawdownAverage peak-to-trough decline | -29.36% | -19.35% | -10.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.77% | 3.58% | +0.19% |
Volatility
COMF.L vs. UD07.L - Volatility Comparison
L&G Longer Dated All Commodities UCITS ETF (COMF.L) and UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.L) have volatilities of 3.91% and 3.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMF.L | UD07.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 3.84% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.59% | 12.77% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 14.87% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 28.99% | -14.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.28% | 2,363.88% | -2,350.60% |
COMF.L vs. UD07.L - Expense Ratio Comparison
COMF.L has a 0.30% expense ratio, which is lower than UD07.L's 0.34% expense ratio.
Dividends
COMF.L vs. UD07.L - Dividend Comparison
Neither COMF.L nor UD07.L has paid dividends to shareholders.
Frequently Asked Questions
COMF.L and UD07.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COMF.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COMF.L is cheaper with a 0.30% expense ratio, compared with 0.34% for UD07.L.
COMF.L tracks Bloomberg Commodity Index 3 Month Forward Total Return, while UD07.L tracks UBS BCOM Constant Maturity. They also come from different issuers: L&G and UBS. Their fees differ too: 0.30% for COMF.L and 0.34% for UD07.L.
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