LGGL.L vs. COMF.L
LGGL.L (L&G Global Equity UCITS ETF) and COMF.L (L&G Longer Dated All Commodities UCITS ETF) are both exchange-traded funds - LGGL.L is a Global Equities fund tracking the Solactive Core Developed Markets Large & Mid Cap USD Index NTR, while COMF.L is a Commodities fund tracking the Bloomberg Commodity Index 3 Month Forward Total Return. Both are passively managed. Over the past 5 years, LGGL.L returned 11.57%/yr vs 11.24%/yr for COMF.L. At a 0.30 correlation, their price movements are largely independent. LGGL.L charges 0.10%/yr vs 0.30%/yr for COMF.L.
Performance
LGGL.L vs. COMF.L - Performance Comparison
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Returns By Period
In the year-to-date period, LGGL.L achieves a 9.10% return, which is significantly lower than COMF.L's 15.62% return.
LGGL.L
- 1D
- -1.06%
- 1M
- -0.66%
- 6M
- 7.46%
- YTD
- 9.10%
- 1Y
- 20.45%
- 3Y*
- 18.55%
- 5Y*
- 11.57%
- 10Y*
- —
COMF.L
- 1D
- 0.49%
- 1M
- 1.36%
- 6M
- 12.32%
- YTD
- 15.62%
- 1Y
- 24.40%
- 3Y*
- 11.31%
- 5Y*
- 11.24%
- 10Y*
- 8.22%
LGGL.L vs. COMF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LGGL.L L&G Global Equity UCITS ETF | 9.10% | 21.18% | 19.20% | 25.02% | -18.03% | 21.94% | 16.35% | 26.98% | -7.73% |
COMF.L L&G Longer Dated All Commodities UCITS ETF | 15.62% | 16.43% | 5.13% | -6.37% | 18.73% | 32.96% | 2.52% | 7.36% | -5.44% |
Correlation
The correlation between LGGL.L and COMF.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 | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.30 |
Over the past year, the correlation between LGGL.L and COMF.L has dropped to 0.02 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.
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Return for Risk
LGGL.L vs. COMF.L — Risk / Return Rank
LGGL.L
COMF.L
LGGL.L vs. COMF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Global Equity UCITS ETF (LGGL.L) and L&G Longer Dated All Commodities UCITS ETF (COMF.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.
| LGGL.L | COMF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 1.98 | +0.43 |
| Martin ratioReturn relative to average drawdown | 9.97 | 6.41 | +3.56 |
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Drawdowns
LGGL.L vs. COMF.L - Drawdown Comparison
The maximum LGGL.L drawdown since its inception was -33.89%, smaller than the maximum COMF.L drawdown of -60.21%. Use the drawdown chart below to compare losses from any high point for LGGL.L and COMF.L.
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Drawdown Indicators
| LGGL.L | COMF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.89% | -60.21% | +26.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.42% | -12.25% | +3.83% |
Max Drawdown (3Y)Largest decline over 3 years | -17.79% | -12.25% | -5.54% |
Max Drawdown (5Y)Largest decline over 5 years | -25.76% | -22.56% | -3.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.69% | — |
Current DrawdownCurrent decline from peak | -1.17% | -7.12% | +5.95% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -29.35% | +24.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 3.78% | -1.73% |
Volatility
LGGL.L vs. COMF.L - Volatility Comparison
The current volatility for L&G Global Equity UCITS ETF (LGGL.L) is 3.00%, while L&G Longer Dated All Commodities UCITS ETF (COMF.L) has a volatility of 3.57%. This indicates that LGGL.L experiences smaller price fluctuations and is considered to be less risky than COMF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LGGL.L | COMF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 3.57% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 11.58% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.31% | 13.87% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.65% | 14.92% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 13.28% | +3.82% |
LGGL.L vs. COMF.L - Expense Ratio Comparison
LGGL.L has a 0.10% expense ratio, which is lower than COMF.L's 0.30% expense ratio.
Dividends
LGGL.L vs. COMF.L - Dividend Comparison
Neither LGGL.L nor COMF.L has paid dividends to shareholders.
Frequently Asked Questions
LGGL.L and COMF.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.
On fees, LGGL.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.30% for COMF.L.
LGGL.L is categorized as Global Equities, while COMF.L is Commodities. LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR, while COMF.L tracks Bloomberg Commodity Index 3 Month Forward Total Return. Their fees differ too: 0.10% for LGGL.L and 0.30% for COMF.L.
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