RMAU.L vs. COMF.L
RMAU.L (The Royal Mint Physical Gold ETC Securities) and COMF.L (L&G Longer Dated All Commodities UCITS ETF) are both Commodities funds - RMAU.L tracks the LBMA Gold PM Price while COMF.L tracks the Bloomberg Commodity Index 3 Month Forward Total Return. Both are passively managed. Over the past 5 years, RMAU.L returned 17.17%/yr vs 11.24%/yr for COMF.L. At a 0.41 correlation, their price movements are largely independent. RMAU.L charges 0.22%/yr vs 0.30%/yr for COMF.L.
Performance
RMAU.L vs. COMF.L - Performance Comparison
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Returns By Period
In the year-to-date period, RMAU.L achieves a -6.12% return, which is significantly lower than COMF.L's 15.66% return.
RMAU.L
- 1D
- -0.87%
- 1M
- -7.02%
- 6M
- -12.45%
- YTD
- -6.12%
- 1Y
- 21.14%
- 3Y*
- 27.06%
- 5Y*
- 17.17%
- 10Y*
- —
COMF.L
- 1D
- 0.39%
- 1M
- 1.29%
- 6M
- 10.85%
- YTD
- 15.66%
- 1Y
- 24.69%
- 3Y*
- 11.59%
- 5Y*
- 11.24%
- 10Y*
- 8.22%
RMAU.L vs. COMF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RMAU.L The Royal Mint Physical Gold ETC Securities | -6.12% | 64.59% | 25.96% | 13.29% | -0.19% | -4.17% | 19.56% |
COMF.L L&G Longer Dated All Commodities UCITS ETF | 15.66% | 16.43% | 5.13% | -6.37% | 18.73% | 32.96% | 9.23% |
Correlation
The correlation between RMAU.L and COMF.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2020 | 0.41 |
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Return for Risk
RMAU.L vs. COMF.L — Risk / Return Rank
RMAU.L
COMF.L
RMAU.L vs. COMF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Royal Mint Physical Gold ETC Securities (RMAU.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.
| RMAU.L | COMF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.32 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 2.00 | -1.14 |
| Martin ratioReturn relative to average drawdown | 2.08 | 6.49 | -4.41 |
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Drawdowns
RMAU.L vs. COMF.L - Drawdown Comparison
The maximum RMAU.L drawdown since its inception was -24.69%, smaller than the maximum COMF.L drawdown of -60.21%. Use the drawdown chart below to compare losses from any high point for RMAU.L and COMF.L.
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Drawdown Indicators
| RMAU.L | COMF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.69% | -60.21% | +35.52% |
Max Drawdown (1Y)Largest decline over 1 year | -24.69% | -12.25% | -12.44% |
Max Drawdown (3Y)Largest decline over 3 years | -24.69% | -12.25% | -12.44% |
Max Drawdown (5Y)Largest decline over 5 years | -24.69% | -22.56% | -2.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.69% | — |
Current DrawdownCurrent decline from peak | -23.91% | -7.09% | -16.82% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -29.36% | +22.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.13% | 3.77% | +6.36% |
Volatility
RMAU.L vs. COMF.L - Volatility Comparison
The Royal Mint Physical Gold ETC Securities (RMAU.L) has a higher volatility of 7.54% compared to L&G Longer Dated All Commodities UCITS ETF (COMF.L) at 3.91%. This indicates that RMAU.L's price experiences larger fluctuations and is considered to be riskier 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
| RMAU.L | COMF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.54% | 3.91% | +3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 23.08% | 11.59% | +11.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.43% | 13.87% | +12.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.87% | 14.93% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 13.28% | +4.74% |
RMAU.L vs. COMF.L - Expense Ratio Comparison
RMAU.L has a 0.22% expense ratio, which is lower than COMF.L's 0.30% expense ratio.
Dividends
RMAU.L vs. COMF.L - Dividend Comparison
Neither RMAU.L nor COMF.L has paid dividends to shareholders.
Frequently Asked Questions
RMAU.L and COMF.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RMAU.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RMAU.L is cheaper with a 0.22% expense ratio, compared with 0.30% for COMF.L.
RMAU.L tracks LBMA Gold PM Price, while COMF.L tracks Bloomberg Commodity Index 3 Month Forward Total Return. They also come from different issuers: HANetf and L&G. Their fees differ too: 0.22% for RMAU.L and 0.30% for COMF.L.
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