RICI.L vs. ENCG.L
Compare and contrast key facts about Market Access Rogers International Commodity UCITS ETF (RICI.L) and L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.L).
RICI.L and ENCG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RICI.L is a passively managed fund by China Post Global that tracks the performance of the Rogers International Commodity (RICI). It was launched on May 8, 2006. ENCG.L is a passively managed fund by Legal & General that tracks the performance of the Barclays Backwardation Tilt Multi-Strategy Capped. It was launched on Jul 5, 2021. Both RICI.L and ENCG.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
RICI.L vs. ENCG.L - Performance Comparison
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RICI.L vs. ENCG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RICI.L Market Access Rogers International Commodity UCITS ETF | 29.08% | -0.85% | 6.32% | -10.69% | 30.66% | 13.40% |
ENCG.L L&G Multi-Strategy Enhanced Commodities UCITS ETF | 20.48% | 0.89% | 5.39% | -7.83% | 38.17% | 13.94% |
Different Trading Currencies
RICI.L is traded in GBP, while ENCG.L is traded in GBp. To make them comparable, the ENCG.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, RICI.L achieves a 29.08% return, which is significantly higher than ENCG.L's 20.48% return.
RICI.L
- 1D
- -2.69%
- 1M
- 13.63%
- YTD
- 29.08%
- 6M
- 33.20%
- 1Y
- 25.18%
- 3Y*
- 9.65%
- 5Y*
- 15.56%
- 10Y*
- —
ENCG.L
- 1D
- -2.81%
- 1M
- 7.92%
- YTD
- 20.48%
- 6M
- 21.71%
- 1Y
- 17.04%
- 3Y*
- 7.44%
- 5Y*
- —
- 10Y*
- —
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RICI.L vs. ENCG.L - Expense Ratio Comparison
RICI.L has a 0.60% expense ratio, which is higher than ENCG.L's 0.30% expense ratio.
Return for Risk
RICI.L vs. ENCG.L — Risk / Return Rank
RICI.L
ENCG.L
RICI.L vs. ENCG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Market Access Rogers International Commodity UCITS ETF (RICI.L) and L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.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.
| RICI.L | ENCG.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 1.03 | +0.28 |
Sortino ratioReturn per unit of downside risk | 1.81 | 1.43 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.06 | +1.00 |
Martin ratioReturn relative to average drawdown | 6.35 | 4.77 | +1.58 |
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
| RICI.L | ENCG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.31 | 1.03 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.79 | +0.20 |
Correlation
The correlation between RICI.L and ENCG.L is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
RICI.L vs. ENCG.L - Dividend Comparison
Neither RICI.L nor ENCG.L has paid dividends to shareholders.
Drawdowns
RICI.L vs. ENCG.L - Drawdown Comparison
The maximum RICI.L drawdown since its inception was -26.97%, roughly equal to the maximum ENCG.L drawdown of -26.32%. Use the drawdown chart below to compare losses from any high point for RICI.L and ENCG.L.
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Drawdown Indicators
| RICI.L | ENCG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.97% | -26.32% | -0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -10.95% | -10.66% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -26.97% | — | — |
Current DrawdownCurrent decline from peak | -2.69% | -3.27% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -12.45% | -13.47% | +1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.03% | 3.62% | +0.41% |
Volatility
RICI.L vs. ENCG.L - Volatility Comparison
Market Access Rogers International Commodity UCITS ETF (RICI.L) has a higher volatility of 10.98% compared to L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.L) at 7.63%. This indicates that RICI.L's price experiences larger fluctuations and is considered to be riskier than ENCG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RICI.L | ENCG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.98% | 7.63% | +3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 15.33% | 11.79% | +3.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 16.45% | +2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.22% | 17.88% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 17.88% | +0.67% |