FAIG.L vs. CXAP.L
FAIG.L (WisdomTree Broad Commodities Longer Dated) and CXAP.L (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc) are both Commodities funds - FAIG.L tracks the Bloomberg Commodity 3 Month Forward while CXAP.L tracks the UBS CMCI Ex Agriculture Ex Livestock Capped. Both are passively managed. Over the past 10 years, FAIG.L returned 7.41%/yr vs 11.05%/yr for CXAP.L. A 0.80 correlation means they provide meaningful diversification when combined. FAIG.L charges 0.49%/yr vs 0.34%/yr for CXAP.L.
Performance
FAIG.L vs. CXAP.L - Performance Comparison
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Different Trading Currencies
FAIG.L is traded in USD, while CXAP.L is traded in GBp. To make them comparable, the CXAP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FAIG.L achieves a 19.26% return, which is significantly lower than CXAP.L's 25.04% return. Over the past 10 years, FAIG.L has underperformed CXAP.L with an annualized return of 7.41%, while CXAP.L has yielded a comparatively higher 11.05% annualized 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%
CXAP.L
- 1D
- -0.70%
- 1M
- 0.57%
- YTD
- 25.04%
- 6M
- 27.82%
- 1Y
- 43.46%
- 3Y*
- 17.79%
- 5Y*
- 13.35%
- 10Y*
- 11.05%
FAIG.L vs. CXAP.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% | 3.07% |
CXAP.L UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc | 25.04% | 18.99% | 6.86% | -5.88% | 14.04% | 35.55% | -2.02% | 11.45% | -11.34% | 15.06% |
Correlation
The correlation between FAIG.L and CXAP.L is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 12, 2016 | 0.80 |
The correlation between FAIG.L and CXAP.L has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.
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Return for Risk
FAIG.L vs. CXAP.L — Risk / Return Rank
FAIG.L
CXAP.L
FAIG.L vs. CXAP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Broad Commodities Longer Dated (FAIG.L) and UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc (CXAP.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 | CXAP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.50 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.98 | 6.41 | -1.43 |
| Martin ratioReturn relative to average drawdown | 12.76 | 18.98 | -6.23 |
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
| FAIG.L | CXAP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 2.86 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.78 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.67 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.69 | -0.61 |
Drawdowns
FAIG.L vs. CXAP.L - Drawdown Comparison
The maximum FAIG.L drawdown since its inception was -68.50%, which is greater than CXAP.L's maximum drawdown of -36.00%. Use the drawdown chart below to compare losses from any high point for FAIG.L and CXAP.L.
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Drawdown Indicators
| FAIG.L | CXAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.50% | -36.00% | -32.50% |
Max Drawdown (1Y)Largest decline over 1 year | -6.30% | -6.75% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -10.42% | -12.96% | +2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -24.76% | -22.98% | -1.78% |
Max Drawdown (10Y)Largest decline over 10 years | -30.94% | -36.00% | +5.06% |
Current DrawdownCurrent decline from peak | -14.57% | -2.24% | -12.33% |
Average DrawdownAverage peak-to-trough decline | -44.38% | -9.09% | -35.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 2.28% | +0.18% |
Volatility
FAIG.L vs. CXAP.L - Volatility Comparison
WisdomTree Broad Commodities Longer Dated (FAIG.L) and UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc (CXAP.L) have volatilities of 4.70% and 4.55%, 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
| FAIG.L | CXAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 4.55% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 11.58% | 12.96% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.79% | 15.13% | -1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.39% | 17.21% | -1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.53% | 16.48% | -2.95% |
FAIG.L vs. CXAP.L - Expense Ratio Comparison
FAIG.L has a 0.49% expense ratio, which is higher than CXAP.L's 0.34% expense ratio.
Dividends
FAIG.L vs. CXAP.L - Dividend Comparison
Neither FAIG.L nor CXAP.L has paid dividends to shareholders.
Frequently Asked Questions
FAIG.L and CXAP.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CXAP.L is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CXAP.L is cheaper with a 0.34% expense ratio, compared with 0.49% for FAIG.L.
FAIG.L tracks Bloomberg Commodity 3 Month Forward, while CXAP.L tracks UBS CMCI Ex Agriculture Ex Livestock Capped. They also come from different issuers: WisdomTree and UBS. Their fees differ too: 0.49% for FAIG.L and 0.34% for CXAP.L.
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