COMM.L vs. COMF.L
COMM.L (iShares Diversified Commodity Swap UCITS ETF) and COMF.L (L&G Longer Dated All Commodities UCITS ETF) are both Commodities funds - COMM.L tracks the Bloomberg Commodity while COMF.L tracks the Bloomberg Commodity Index 3 Month Forward Total Return. Both are passively managed. Over the past 5 years, COMM.L returned 10.66%/yr vs 11.54%/yr for COMF.L. Their correlation of 0.89 suggests significant overlap in exposure. COMM.L charges 0.19%/yr vs 0.30%/yr for COMF.L.
Performance
COMM.L vs. COMF.L - Performance Comparison
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Different Trading Currencies
COMM.L is traded in GBp, while COMF.L is traded in USD. To make them comparable, the COMF.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, COMM.L achieves a 19.66% return, which is significantly higher than COMF.L's 14.74% return.
COMM.L
- 1D
- -0.94%
- 1M
- 1.10%
- 6M
- 14.90%
- YTD
- 19.66%
- 1Y
- 29.14%
- 3Y*
- 11.41%
- 5Y*
- 10.66%
- 10Y*
- —
COMF.L
- 1D
- 0.00%
- 1M
- 0.01%
- 6M
- 9.74%
- YTD
- 14.74%
- 1Y
- 22.89%
- 3Y*
- 10.18%
- 5Y*
- 11.54%
- 10Y*
- 7.95%
COMM.L vs. COMF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COMM.L iShares Diversified Commodity Swap UCITS ETF | 19.66% | 8.53% | 6.19% | -12.55% | 28.34% | 29.04% | -7.09% | 3.39% | -5.05% | -21.66% |
COMF.L L&G Longer Dated All Commodities UCITS ETF | 14.74% | 8.14% | 6.96% | -11.05% | 32.85% | 34.22% | -0.49% | 3.28% | -3.00% | 2.95% |
Correlation
The correlation between COMM.L and COMF.L is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2017 | 0.89 |
The correlation between COMM.L and COMF.L has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
COMM.L vs. COMF.L — Risk / Return Rank
COMM.L
COMF.L
COMM.L vs. COMF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (COMM.L) and L&G Longer Dated All Commodities UCITS ETF (COMF.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.
| COMM.L | COMF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.28 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.19 | 0.00 |
| Martin ratioReturn relative to average drawdown | 6.80 | 6.78 | +0.02 |
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Drawdowns
COMM.L vs. COMF.L - Drawdown Comparison
The maximum COMM.L drawdown since its inception was -40.38%, smaller than the maximum COMF.L drawdown of -50.51%. Use the drawdown chart below to compare losses from any high point for COMM.L and COMF.L.
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Drawdown Indicators
| COMM.L | COMF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.38% | -50.51% | +10.13% |
Max Drawdown (1Y)Largest decline over 1 year | -13.24% | -10.49% | -2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -26.75% | -13.06% | -13.69% |
Max Drawdown (5Y)Largest decline over 5 years | -28.49% | -23.88% | -4.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.97% | — |
Current DrawdownCurrent decline from peak | -8.96% | -7.50% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -19.50% | -23.27% | +3.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.27% | 3.39% | +0.88% |
Volatility
COMM.L vs. COMF.L - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (COMM.L) has a higher volatility of 4.62% compared to L&G Longer Dated All Commodities UCITS ETF (COMF.L) at 3.57%. This indicates that COMM.L's price experiences larger fluctuations and is considered to be riskier than COMF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMM.L | COMF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 3.57% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 16.60% | 12.14% | +4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.51% | 14.53% | +3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.24% | 15.17% | +6.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.67% | 14.17% | +5.50% |
COMM.L vs. COMF.L - Expense Ratio Comparison
COMM.L has a 0.19% expense ratio, which is lower than COMF.L's 0.30% expense ratio.
Dividends
COMM.L vs. COMF.L - Dividend Comparison
Neither COMM.L nor COMF.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, COMM.L and COMF.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, COMM.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COMM.L is cheaper with a 0.19% expense ratio, compared with 0.30% for COMF.L.
COMM.L tracks Bloomberg Commodity, while COMF.L tracks Bloomberg Commodity Index 3 Month Forward Total Return. They also come from different issuers: iShares and L&G. Their fees differ too: 0.19% for COMM.L and 0.30% for COMF.L.
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