LDAG.L vs. BCOG.L

Last updated Jun 5, 2026

LDAG.L (L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF) and BCOG.L (L&G All Commodities UCITS ETF) are both exchange-traded funds - LDAG.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pac Ex JPN NR USD, while BCOG.L is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 5 years, LDAG.L returned 9.96%/yr vs 12.42%/yr for BCOG.L. At a 0.16 correlation, their price movements are largely independent. LDAG.L charges 0.40%/yr vs 0.15%/yr for BCOG.L.

Performance

LDAG.L vs. BCOG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LDAG.L) and L&G All Commodities UCITS ETF (BCOG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LDAG.L achieves a 15.96% return, which is significantly lower than BCOG.L's 24.98% return.

LDAG.L

• 1D: -1.55%
• 1M: 0.03%
• YTD: 15.96%
• 6M: 14.78%
• 1Y: 37.27%
• 3Y*: 17.83%
• 5Y*: 9.96%
• 10Y*: —

BCOG.L

• 1D: -1.35%
• 1M: -2.79%
• YTD: 24.98%
• 6M: 23.49%
• 1Y: 38.11%
• 3Y*: 12.52%
• 5Y*: 12.42%
• 10Y*: —

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

LDAG.L vs. BCOG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LDAG.L L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF	15.96%	26.41%	5.50%	3.28%	1.73%	-0.75%
BCOG.L L&G All Commodities UCITS ETF	24.98%	8.16%	6.13%	-12.32%	29.36%	17.20%

Correlation

The correlation between LDAG.L and BCOG.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021	0.16

The correlation between LDAG.L and BCOG.L shifts across timeframes, from -0.02 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

LDAG.L vs. BCOG.L - Sectors Allocation Comparison

Sectors	LDAG.L	BCOG.L
Financial Services	34.9%	17.8%
Industrials	12.3%	-
Utilities	11.6%	-
Consumer Cyclical	11.1%	12.9%
Consumer Defensive	7.1%	9.7%
Technology	6.5%	5.6%
Basic Materials	5.8%	35.8%
Communication Services	4.3%	12.3%
Energy	3.7%	-
Healthcare	2.8%	-
Real Estate	0.3%	5.8%

Return for Risk

LDAG.L vs. BCOG.L — Risk / Return Rank

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

LDAG.L

LDAG.L Risk / Return Rank: 77
LDAG.L Sharpe Ratio Rank: 84
LDAG.L Sortino Ratio Rank: 81
LDAG.L Omega Ratio Rank: 80
LDAG.L Calmar Ratio Rank: 77
LDAG.L Martin Ratio Rank: 61

BCOG.L

BCOG.L Risk / Return Rank: 64
BCOG.L Sharpe Ratio Rank: 62
BCOG.L Sortino Ratio Rank: 54
BCOG.L Omega Ratio Rank: 62
BCOG.L Calmar Ratio Rank: 83
BCOG.L Martin Ratio Rank: 59

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.

LDAG.L vs. BCOG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LDAG.L) and L&G All Commodities UCITS ETF (BCOG.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.

	LDAG.L	BCOG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.72	2.05	+0.67
Sortino ratio: Return per unit of downside risk	3.57	2.56	+1.01
Omega ratio: Gain probability vs. loss probability	1.47	1.37	+0.10
Calmar ratio: Return relative to maximum drawdown	3.87	4.43	-0.55
Martin ratio: Return relative to average drawdown	10.60	10.23	+0.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LDAG.L vs. BCOG.L - Sharpe Ratio Comparison

The current LDAG.L Sharpe Ratio is 2.72, which is higher than the BCOG.L Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of LDAG.L and BCOG.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

	LDAG.L	BCOG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.72	2.05	+0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.74	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.49	+0.26

Drawdowns

LDAG.L vs. BCOG.L - Drawdown Comparison

The maximum LDAG.L drawdown since its inception was -14.68%, smaller than the maximum BCOG.L drawdown of -28.15%. Use the drawdown chart below to compare losses from any high point for LDAG.L and BCOG.L.

Drawdown Indicators

	LDAG.L	BCOG.L	Difference
Max Drawdown Largest peak-to-trough decline	-14.68%	-28.15%	+13.47%
Max Drawdown (1Y) Largest decline over 1 year	-9.58%	-8.57%	-1.01%
Max Drawdown (3Y) Largest decline over 3 years	-14.68%	-14.48%	-0.20%
Max Drawdown (5Y) Largest decline over 5 years	-14.68%	-27.76%	+13.08%
Current Drawdown Current decline from peak	-3.00%	-5.16%	+2.16%
Average Drawdown Average peak-to-trough decline	-4.33%	-11.67%	+7.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	3.72%	-0.21%

Volatility

LDAG.L vs. BCOG.L - Volatility Comparison

The current volatility for L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LDAG.L) is 4.72%, while L&G All Commodities UCITS ETF (BCOG.L) has a volatility of 6.06%. This indicates that LDAG.L experiences smaller price fluctuations and is considered to be less risky than BCOG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDAG.L	BCOG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	6.06%	-1.34%
Volatility (6M) Calculated over the trailing 6-month period	10.47%	15.89%	-5.42%
Volatility (1Y) Calculated over the trailing 1-year period	13.75%	18.51%	-4.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.90%	16.89%	-3.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.90%	15.71%	-2.81%

LDAG.L vs. BCOG.L - Expense Ratio Comparison

LDAG.L has a 0.40% expense ratio, which is higher than BCOG.L's 0.15% expense ratio.

Dividends

LDAG.L vs. BCOG.L - Dividend Comparison

LDAG.L's dividend yield for the trailing twelve months is around 3.78%, while BCOG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BCOG.L L&G All Commodities UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LDAG.L L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF	3.78%	4.23%	4.75%	5.40%	4.80%	2.19%

Frequently Asked Questions

Can I hold both LDAG.L and BCOG.L in my portfolio?

LDAG.L and BCOG.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LDAG.L or BCOG.L?

On fees, BCOG.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LDAG.L or BCOG.L?

BCOG.L is cheaper with a 0.15% expense ratio, compared with 0.40% for LDAG.L.

What is the main difference between LDAG.L and BCOG.L?

LDAG.L is categorized as Asia Pacific Equities, while BCOG.L is Commodities. LDAG.L tracks MSCI AC Asia Pac Ex JPN NR USD, while BCOG.L tracks Bloomberg Commodity. Their fees differ too: 0.40% for LDAG.L and 0.15% for BCOG.L.