COMX.L vs. ETRA.L
COMX.L (WisdomTree Broad Commodities UCITS ETF) and ETRA.L (L&G New Energy Commodities UCITS ETF USD Acc) are both Commodities funds - COMX.L tracks the Bloomberg Commodity while ETRA.L tracks the Solactive Energy Transition Commodity Total Return Index. Both are passively managed. Over the past year, COMX.L returned 40.20% vs 42.06% for ETRA.L. A 0.60 correlation means they provide meaningful diversification when combined. COMX.L charges 0.19%/yr vs 0.65%/yr for ETRA.L.
Performance
COMX.L vs. ETRA.L - Performance Comparison
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Returns By Period
In the year-to-date period, COMX.L achieves a 26.39% return, which is significantly higher than ETRA.L's 15.00% return.
COMX.L
- 1D
- 0.78%
- 1M
- -0.52%
- YTD
- 26.39%
- 6M
- 24.79%
- 1Y
- 40.20%
- 3Y*
- 13.55%
- 5Y*
- —
- 10Y*
- —
ETRA.L
- 1D
- -0.76%
- 1M
- 3.37%
- YTD
- 15.00%
- 6M
- 22.60%
- 1Y
- 42.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COMX.L vs. ETRA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
COMX.L WisdomTree Broad Commodities UCITS ETF | 26.39% | 8.58% | -1.28% |
ETRA.L L&G New Energy Commodities UCITS ETF USD Acc | 15.00% | 19.38% | -2.27% |
Correlation
The correlation between COMX.L and ETRA.L is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2024 | 0.60 |
The correlation between COMX.L and ETRA.L has been stable across timeframes, ranging from 0.56 to 0.60 - a consistent structural relationship.
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Return for Risk
COMX.L vs. ETRA.L — Risk / Return Rank
COMX.L
ETRA.L
COMX.L vs. ETRA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Broad Commodities UCITS ETF (COMX.L) and L&G New Energy Commodities UCITS ETF USD Acc (ETRA.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.
| COMX.L | ETRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.58 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 4.81 | -3.25 |
| Martin ratioReturn relative to average drawdown | 3.06 | 16.90 | -13.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COMX.L | ETRA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 3.07 | -2.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 1.15 | -1.01 |
Drawdowns
COMX.L vs. ETRA.L - Drawdown Comparison
The maximum COMX.L drawdown since its inception was -28.64%, which is greater than ETRA.L's maximum drawdown of -15.11%. Use the drawdown chart below to compare losses from any high point for COMX.L and ETRA.L.
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Drawdown Indicators
| COMX.L | ETRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.64% | -15.11% | -13.53% |
Max Drawdown (1Y)Largest decline over 1 year | -25.58% | -8.70% | -16.88% |
Max Drawdown (3Y)Largest decline over 3 years | -25.58% | — | — |
Current DrawdownCurrent decline from peak | -3.81% | -2.15% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -17.64% | -6.30% | -11.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.10% | 2.48% | +10.62% |
Volatility
COMX.L vs. ETRA.L - Volatility Comparison
WisdomTree Broad Commodities UCITS ETF (COMX.L) has a higher volatility of 6.14% compared to L&G New Energy Commodities UCITS ETF USD Acc (ETRA.L) at 3.10%. This indicates that COMX.L's price experiences larger fluctuations and is considered to be riskier than ETRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COMX.L | ETRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 3.10% | +3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 16.05% | 11.44% | +4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.18% | 13.65% | +31.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.36% | 12.90% | +19.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.36% | 12.90% | +19.46% |
COMX.L vs. ETRA.L - Expense Ratio Comparison
COMX.L has a 0.19% expense ratio, which is lower than ETRA.L's 0.65% expense ratio.
Dividends
COMX.L vs. ETRA.L - Dividend Comparison
Neither COMX.L nor ETRA.L has paid dividends to shareholders.
Frequently Asked Questions
COMX.L and ETRA.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COMX.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COMX.L is cheaper with a 0.19% expense ratio, compared with 0.65% for ETRA.L.
COMX.L tracks Bloomberg Commodity, while ETRA.L tracks Solactive Energy Transition Commodity Total Return Index. They also come from different issuers: WisdomTree and L&G. Their fees differ too: 0.19% for COMX.L and 0.65% for ETRA.L.
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