COMX.L vs. RMAU.L
COMX.L (WisdomTree Broad Commodities UCITS ETF) and RMAU.L (The Royal Mint Physical Gold ETC Securities) are both Commodities funds - COMX.L tracks the Bloomberg Commodity while RMAU.L tracks the LBMA Gold PM Price. Both are passively managed. Over the past 3 years, COMX.L returned 13.55%/yr vs 27.70%/yr for RMAU.L. At a 0.26 correlation, their price movements are largely independent. COMX.L charges 0.19%/yr vs 0.22%/yr for RMAU.L.
Performance
COMX.L vs. RMAU.L - Performance Comparison
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Different Trading Currencies
COMX.L is traded in GBp, while RMAU.L is traded in USD. To make them comparable, the RMAU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, COMX.L achieves a 26.39% return, which is significantly higher than RMAU.L's 3.41% return.
COMX.L
- 1D
- 0.78%
- 1M
- -0.52%
- YTD
- 26.39%
- 6M
- 24.79%
- 1Y
- 40.20%
- 3Y*
- 13.55%
- 5Y*
- —
- 10Y*
- —
RMAU.L
- 1D
- -1.19%
- 1M
- -3.16%
- YTD
- 3.41%
- 6M
- 4.60%
- 1Y
- 33.22%
- 3Y*
- 27.70%
- 5Y*
- 19.56%
- 10Y*
- —
COMX.L vs. RMAU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
COMX.L WisdomTree Broad Commodities UCITS ETF | 26.39% | 8.58% | 6.24% | -12.51% | 28.76% | -25.70% |
RMAU.L The Royal Mint Physical Gold ETC Securities | 3.41% | 52.84% | 28.16% | 7.63% | 11.68% | -0.84% |
Correlation
The correlation between COMX.L and RMAU.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2021 | 0.26 |
The correlation between COMX.L and RMAU.L shifts across timeframes, from 0.16 (1 year) to 0.28 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
COMX.L vs. RMAU.L — Risk / Return Rank
COMX.L
RMAU.L
COMX.L vs. RMAU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Broad Commodities UCITS ETF (COMX.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.
| COMX.L | RMAU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.27 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.81 | -0.24 |
| Martin ratioReturn relative to average drawdown | 3.06 | 4.98 | -1.92 |
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 | RMAU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.37 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.80 | -0.66 |
Drawdowns
COMX.L vs. RMAU.L - Drawdown Comparison
The maximum COMX.L drawdown since its inception was -28.64%, which is greater than RMAU.L's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for COMX.L and RMAU.L.
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Drawdown Indicators
| COMX.L | RMAU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.64% | -23.24% | -5.40% |
Max Drawdown (1Y)Largest decline over 1 year | -25.58% | -18.32% | -7.26% |
Max Drawdown (3Y)Largest decline over 3 years | -25.58% | -18.32% | -7.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.32% | — |
Current DrawdownCurrent decline from peak | -3.81% | -16.61% | +12.80% |
Average DrawdownAverage peak-to-trough decline | -17.64% | -6.61% | -11.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.10% | 6.66% | +6.44% |
Volatility
COMX.L vs. RMAU.L - Volatility Comparison
WisdomTree Broad Commodities UCITS ETF (COMX.L) and The Royal Mint Physical Gold ETC Securities (RMAU.L) have volatilities of 6.14% and 6.12%, 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
| COMX.L | RMAU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 6.12% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 16.05% | 21.27% | -5.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.18% | 24.11% | +21.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.36% | 17.04% | +15.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.36% | 20.71% | +11.65% |
COMX.L vs. RMAU.L - Expense Ratio Comparison
COMX.L has a 0.19% expense ratio, which is lower than RMAU.L's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
COMX.L vs. RMAU.L - Dividend Comparison
Neither COMX.L nor RMAU.L has paid dividends to shareholders.
Frequently Asked Questions
COMX.L and RMAU.L have a correlation of 0.16, 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 0.22% for RMAU.L.
COMX.L tracks Bloomberg Commodity, while RMAU.L tracks LBMA Gold PM Price. They also come from different issuers: WisdomTree and HANetf. Their fees differ too: 0.19% for COMX.L and 0.22% for RMAU.L.
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