ROLG.L vs. BCOM.L
ROLG.L (iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD) and BCOM.L (L&G All Commodities UCITS ETF - USD Accumulating ETF) are both Commodities funds - ROLG.L tracks the Bloomberg Roll Select Commodity while BCOM.L tracks the Bloomberg Commodity Index Total Return. Both are passively managed. Over the past 5 years, ROLG.L returned 12.96%/yr vs 10.75%/yr for BCOM.L. A 0.80 correlation means they provide meaningful diversification when combined. ROLG.L charges 0.28%/yr vs 0.15%/yr for BCOM.L.
Performance
ROLG.L vs. BCOM.L - Performance Comparison
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Different Trading Currencies
ROLG.L is traded in GBP, while BCOM.L is traded in USD. To make them comparable, the BCOM.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ROLG.L achieves a 23.13% return, which is significantly higher than BCOM.L's 19.63% return.
ROLG.L
- 1D
- -0.63%
- 1M
- 0.77%
- 6M
- 15.88%
- YTD
- 23.13%
- 1Y
- 33.33%
- 3Y*
- 13.22%
- 5Y*
- 12.96%
- 10Y*
- —
BCOM.L
- 1D
- 0.00%
- 1M
- 0.63%
- 6M
- 14.57%
- YTD
- 19.63%
- 1Y
- 28.48%
- 3Y*
- 11.29%
- 5Y*
- 10.75%
- 10Y*
- —
ROLG.L vs. BCOM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ROLG.L iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD | 23.13% | 8.66% | 6.32% | -7.36% | 30.51% | 29.23% | -2.41% | 1.84% | -30.50% |
BCOM.L L&G All Commodities UCITS ETF - USD Accumulating ETF | 19.63% | 7.91% | 6.26% | -11.88% | 29.38% | 28.55% | -5.84% | 1.14% | -8.77% |
Correlation
The correlation between ROLG.L and BCOM.L is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2018 | 0.80 |
The correlation between ROLG.L and BCOM.L shifts across timeframes, from 0.80 (all time) to 0.90 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ROLG.L vs. BCOM.L — Risk / Return Rank
ROLG.L
BCOM.L
ROLG.L vs. BCOM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) and L&G All Commodities UCITS ETF - USD Accumulating ETF (BCOM.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.
| ROLG.L | BCOM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.28 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.18 | +0.48 |
| Martin ratioReturn relative to average drawdown | 8.98 | 6.67 | +2.31 |
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Drawdowns
ROLG.L vs. BCOM.L - Drawdown Comparison
The maximum ROLG.L drawdown since its inception was -40.64%, which is greater than BCOM.L's maximum drawdown of -27.79%. Use the drawdown chart below to compare losses from any high point for ROLG.L and BCOM.L.
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Drawdown Indicators
| ROLG.L | BCOM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.64% | -27.79% | -12.85% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -12.97% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -25.00% | -14.40% | -10.60% |
Max Drawdown (5Y)Largest decline over 5 years | -25.00% | -27.75% | +2.75% |
Current DrawdownCurrent decline from peak | -7.94% | -9.06% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -18.36% | -11.31% | -7.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 4.24% | -0.54% |
Volatility
ROLG.L vs. BCOM.L - Volatility Comparison
iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) and L&G All Commodities UCITS ETF - USD Accumulating ETF (BCOM.L) have volatilities of 4.19% and 4.14%, 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
| ROLG.L | BCOM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 4.14% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 14.27% | 15.60% | -1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.45% | 17.79% | -1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.17% | 17.00% | +5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.63% | 16.02% | +5.61% |
ROLG.L vs. BCOM.L - Expense Ratio Comparison
ROLG.L has a 0.28% expense ratio, which is higher than BCOM.L's 0.15% expense ratio.
Dividends
ROLG.L vs. BCOM.L - Dividend Comparison
Neither ROLG.L nor BCOM.L has paid dividends to shareholders.
Frequently Asked Questions
ROLG.L and BCOM.L have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BCOM.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BCOM.L is cheaper with a 0.15% expense ratio, compared with 0.28% for ROLG.L.
ROLG.L tracks Bloomberg Roll Select Commodity, while BCOM.L tracks Bloomberg Commodity Index Total Return. They also come from different issuers: iShares and L&G. Their fees differ too: 0.28% for ROLG.L and 0.15% for BCOM.L.
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