FAIG.L vs. CMOD.L

Last updated Jun 5, 2026

FAIG.L (WisdomTree Broad Commodities Longer Dated) and CMOD.L (Invesco Bloomberg Commodity UCITS ETF) are both Commodities funds - FAIG.L tracks the Bloomberg Commodity 3 Month Forward while CMOD.L tracks the Bloomberg Commodity TR Index. Both are passively managed. Over the past 5 years, FAIG.L returned 10.77%/yr vs 10.88%/yr for CMOD.L. Their correlation of 0.94 suggests significant overlap in exposure. FAIG.L charges 0.49%/yr vs 0.19%/yr for CMOD.L.

Performance

FAIG.L vs. CMOD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Broad Commodities Longer Dated (FAIG.L) and Invesco Bloomberg Commodity UCITS ETF (CMOD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FAIG.L achieves a 19.26% return, which is significantly lower than CMOD.L's 24.60% return.

FAIG.L

• 1D: -1.29%
• 1M: -2.47%
• YTD: 19.26%
• 6M: 19.79%
• 1Y: 31.52%
• 3Y*: 13.45%
• 5Y*: 10.77%
• 10Y*: 7.41%

CMOD.L

• 1D: -1.40%
• 1M: -3.78%
• YTD: 24.60%
• 6M: 24.00%
• 1Y: 37.37%
• 3Y*: 15.36%
• 5Y*: 10.88%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FAIG.L vs. CMOD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAIG.L WisdomTree Broad Commodities Longer Dated	19.26%	15.92%	4.08%	-7.24%	16.01%	30.43%	2.04%	6.53%	-9.43%	1.65%
CMOD.L Invesco Bloomberg Commodity UCITS ETF	24.60%	16.16%	4.13%	-7.56%	14.50%	27.35%	-3.87%	6.64%	-10.22%	0.08%

Correlation

The correlation between FAIG.L and CMOD.L is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 13, 2017	0.94

The correlation between FAIG.L and CMOD.L has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

FAIG.L vs. CMOD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FAIG.L

FAIG.L Risk / Return Rank: 73
FAIG.L Sharpe Ratio Rank: 71
FAIG.L Sortino Ratio Rank: 64
FAIG.L Omega Ratio Rank: 71
FAIG.L Calmar Ratio Rank: 88
FAIG.L Martin Ratio Rank: 70

CMOD.L

CMOD.L Risk / Return Rank: 70
CMOD.L Sharpe Ratio Rank: 68
CMOD.L Sortino Ratio Rank: 59
CMOD.L Omega Ratio Rank: 69
CMOD.L Calmar Ratio Rank: 88
CMOD.L Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FAIG.L vs. CMOD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Broad Commodities Longer Dated (FAIG.L) and Invesco Bloomberg Commodity UCITS ETF (CMOD.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.

	FAIG.L	CMOD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.28	2.21	+0.06
Sortino ratio: Return per unit of downside risk	2.93	2.75	+0.18
Omega ratio: Gain probability vs. loss probability	1.41	1.41	+0.01
Calmar ratio: Return relative to maximum drawdown	4.98	5.10	-0.12
Martin ratio: Return relative to average drawdown	12.76	11.82	+0.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FAIG.L vs. CMOD.L - Sharpe Ratio Comparison

The current FAIG.L Sharpe Ratio is 2.28, which is comparable to the CMOD.L Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of FAIG.L and CMOD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FAIG.L	CMOD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	2.21	+0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.66	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.47	-0.39

Drawdowns

FAIG.L vs. CMOD.L - Drawdown Comparison

The maximum FAIG.L drawdown since its inception was -68.50%, which is greater than CMOD.L's maximum drawdown of -33.16%. Use the drawdown chart below to compare losses from any high point for FAIG.L and CMOD.L.

Drawdown Indicators

	FAIG.L	CMOD.L	Difference
Max Drawdown Largest peak-to-trough decline	-68.50%	-33.16%	-35.34%
Max Drawdown (1Y) Largest decline over 1 year	-6.30%	-7.30%	+1.00%
Max Drawdown (3Y) Largest decline over 3 years	-10.42%	-11.66%	+1.24%
Max Drawdown (5Y) Largest decline over 5 years	-24.76%	-26.86%	+2.10%
Max Drawdown (10Y) Largest decline over 10 years	-30.94%	—	—
Current Drawdown Current decline from peak	-14.57%	-5.50%	-9.07%
Average Drawdown Average peak-to-trough decline	-44.38%	-12.29%	-32.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	3.15%	-0.69%

Volatility

FAIG.L vs. CMOD.L - Volatility Comparison

The current volatility for WisdomTree Broad Commodities Longer Dated (FAIG.L) is 4.70%, while Invesco Bloomberg Commodity UCITS ETF (CMOD.L) has a volatility of 5.58%. This indicates that FAIG.L experiences smaller price fluctuations and is considered to be less risky than CMOD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAIG.L	CMOD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.70%	5.58%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	11.58%	14.96%	-3.38%
Volatility (1Y) Calculated over the trailing 1-year period	13.79%	16.80%	-3.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.39%	16.57%	-1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.53%	14.69%	-1.16%

FAIG.L vs. CMOD.L - Expense Ratio Comparison

FAIG.L has a 0.49% expense ratio, which is higher than CMOD.L's 0.19% expense ratio.

Dividends

FAIG.L vs. CMOD.L - Dividend Comparison

Neither FAIG.L nor CMOD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FAIG.L and CMOD.L in my portfolio?

With a correlation of 0.95, FAIG.L and CMOD.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.

Which ETF is better, FAIG.L or CMOD.L?

On fees, CMOD.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FAIG.L or CMOD.L?

CMOD.L is cheaper with a 0.19% expense ratio, compared with 0.49% for FAIG.L.

What is the main difference between FAIG.L and CMOD.L?

FAIG.L tracks Bloomberg Commodity 3 Month Forward, while CMOD.L tracks Bloomberg Commodity TR Index. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.49% for FAIG.L and 0.19% for CMOD.L.