CUKX.L vs. ROLG.L
CUKX.L (iShares FTSE 100 UCITS ETF) and ROLG.L (iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD) are both exchange-traded funds - CUKX.L is a fund fund tracking the FTSE 100 Index, while ROLG.L is a Commodities fund tracking the Bloomberg Roll Select Commodity. Both are passively managed. Over the past 5 years, CUKX.L returned 12.40%/yr vs 12.96%/yr for ROLG.L. At a 0.22 correlation, their price movements are largely independent. CUKX.L charges 0.07%/yr vs 0.28%/yr for ROLG.L.
Performance
CUKX.L vs. ROLG.L - Performance Comparison
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Different Trading Currencies
CUKX.L is traded in GBp, while ROLG.L is traded in GBP. To make them comparable, the ROLG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CUKX.L achieves a 7.84% return, which is significantly lower than ROLG.L's 23.13% return.
CUKX.L
- 1D
- -0.09%
- 1M
- 0.91%
- 6M
- 5.18%
- YTD
- 7.84%
- 1Y
- 21.64%
- 3Y*
- 16.24%
- 5Y*
- 12.40%
- 10Y*
- 8.59%
ROLG.L
- 1D
- -0.63%
- 1M
- 0.77%
- 6M
- 15.88%
- YTD
- 23.13%
- 1Y
- 33.33%
- 3Y*
- 13.22%
- 5Y*
- 12.96%
- 10Y*
- —
CUKX.L vs. ROLG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CUKX.L iShares FTSE 100 UCITS ETF | 7.84% | 25.78% | 9.30% | 7.72% | 4.97% | 17.48% | -11.28% | 17.23% | -9.52% |
ROLG.L iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD | 23.13% | 8.66% | 6.32% | -7.36% | 30.51% | 29.23% | -2.41% | 1.84% | -30.50% |
Correlation
The correlation between CUKX.L and ROLG.L is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2018 | 0.22 |
The correlation between CUKX.L and ROLG.L shifts across timeframes, from -0.12 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CUKX.L vs. ROLG.L — Risk / Return Rank
CUKX.L
ROLG.L
CUKX.L vs. ROLG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares FTSE 100 UCITS ETF (CUKX.L) and iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.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.
| CUKX.L | ROLG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.35 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 2.65 | -0.23 |
| Martin ratioReturn relative to average drawdown | 7.70 | 8.98 | -1.28 |
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Drawdowns
CUKX.L vs. ROLG.L - Drawdown Comparison
The maximum CUKX.L drawdown since its inception was -34.50%, smaller than the maximum ROLG.L drawdown of -40.64%. Use the drawdown chart below to compare losses from any high point for CUKX.L and ROLG.L.
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Drawdown Indicators
| CUKX.L | ROLG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.50% | -40.64% | +6.14% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -12.50% | +3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -12.88% | -25.00% | +12.12% |
Max Drawdown (5Y)Largest decline over 5 years | -12.88% | -25.00% | +12.12% |
Max Drawdown (10Y)Largest decline over 10 years | -34.50% | — | — |
Current DrawdownCurrent decline from peak | -2.36% | -7.94% | +5.58% |
Average DrawdownAverage peak-to-trough decline | -4.31% | -18.36% | +14.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 3.70% | -0.90% |
Volatility
CUKX.L vs. ROLG.L - Volatility Comparison
The current volatility for iShares FTSE 100 UCITS ETF (CUKX.L) is 3.02%, while iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) has a volatility of 4.19%. This indicates that CUKX.L experiences smaller price fluctuations and is considered to be less risky than ROLG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CUKX.L | ROLG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | 4.19% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 14.27% | -4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 16.45% | -5.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.68% | 22.17% | -9.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.89% | 21.63% | -6.74% |
CUKX.L vs. ROLG.L - Expense Ratio Comparison
CUKX.L has a 0.07% expense ratio, which is lower than ROLG.L's 0.28% expense ratio.
Dividends
CUKX.L vs. ROLG.L - Dividend Comparison
Neither CUKX.L nor ROLG.L has paid dividends to shareholders.
Frequently Asked Questions
CUKX.L and ROLG.L have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CUKX.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CUKX.L is cheaper with a 0.07% expense ratio, compared with 0.28% for ROLG.L.
CUKX.L tracks FTSE 100 Index, while ROLG.L tracks Bloomberg Roll Select Commodity. Their fees differ too: 0.07% for CUKX.L and 0.28% for ROLG.L.
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