COMF.L vs. XDBG.L
COMF.L (L&G Longer Dated All Commodities UCITS ETF) and XDBG.L (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged) are both Commodities funds - COMF.L tracks the Bloomberg Commodity Index 3 Month Forward Total Return while XDBG.L tracks the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged). Both are passively managed. Over the past 10 years, COMF.L returned 8.22%/yr vs 7.99%/yr for XDBG.L. A 0.78 correlation means they provide meaningful diversification when combined. COMF.L charges 0.30%/yr vs 0.39%/yr for XDBG.L.
Performance
COMF.L vs. XDBG.L - Performance Comparison
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Different Trading Currencies
COMF.L is traded in USD, while XDBG.L is traded in GBp. To make them comparable, the XDBG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, COMF.L achieves a 15.62% return, which is significantly higher than XDBG.L's 12.93% return. Both investments have delivered pretty close results over the past 10 years, with COMF.L having a 8.22% annualized return and XDBG.L not far behind at 7.99%.
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%
XDBG.L
- 1D
- -0.22%
- 1M
- -1.81%
- 6M
- 8.52%
- YTD
- 12.93%
- 1Y
- 28.51%
- 3Y*
- 15.64%
- 5Y*
- 11.47%
- 10Y*
- 7.99%
COMF.L vs. XDBG.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% | 3.10% |
XDBG.L Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged | 12.93% | 35.16% | 6.35% | -6.49% | 5.50% | 37.00% | -0.21% | 9.31% | -17.85% | 14.17% |
Correlation
The correlation between COMF.L and XDBG.L is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2011 | 0.78 |
The correlation between COMF.L and XDBG.L has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.
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Return for Risk
COMF.L vs. XDBG.L — Risk / Return Rank
COMF.L
XDBG.L
COMF.L vs. XDBG.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 Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.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 | XDBG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.79 | +0.19 |
| Martin ratioReturn relative to average drawdown | 6.41 | 5.09 | +1.31 |
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Drawdowns
COMF.L vs. XDBG.L - Drawdown Comparison
The maximum COMF.L drawdown since its inception was -60.21%, smaller than the maximum XDBG.L drawdown of -75.24%. Use the drawdown chart below to compare losses from any high point for COMF.L and XDBG.L.
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Drawdown Indicators
| COMF.L | XDBG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.21% | -75.24% | +15.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.25% | -15.83% | +3.58% |
Max Drawdown (3Y)Largest decline over 3 years | -12.25% | -15.83% | +3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -22.56% | -34.15% | +11.59% |
Max Drawdown (10Y)Largest decline over 10 years | -29.69% | -47.03% | +17.34% |
Current DrawdownCurrent decline from peak | -7.12% | -15.34% | +8.22% |
Average DrawdownAverage peak-to-trough decline | -29.35% | -43.49% | +14.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 5.58% | -1.80% |
Volatility
COMF.L vs. XDBG.L - Volatility Comparison
The current volatility for L&G Longer Dated All Commodities UCITS ETF (COMF.L) is 3.57%, while Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) has a volatility of 4.88%. This indicates that COMF.L experiences smaller price fluctuations and is considered to be less risky than XDBG.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 | XDBG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 4.88% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 11.58% | 15.94% | -4.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 20.01% | -6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.92% | 22.77% | -7.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.28% | 19.96% | -6.68% |
COMF.L vs. XDBG.L - Expense Ratio Comparison
COMF.L has a 0.30% expense ratio, which is lower than XDBG.L's 0.39% expense ratio.
Dividends
COMF.L vs. XDBG.L - Dividend Comparison
Neither COMF.L nor XDBG.L has paid dividends to shareholders.
Frequently Asked Questions
COMF.L and XDBG.L have a correlation of 0.86, 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 0.39% for XDBG.L.
COMF.L tracks Bloomberg Commodity Index 3 Month Forward Total Return, while XDBG.L tracks Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged). They also come from different issuers: L&G and Xtrackers. Their fees differ too: 0.30% for COMF.L and 0.39% for XDBG.L.
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