ROLG.L vs. CNX1.L
ROLG.L (iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD) and CNX1.L (iShares NASDAQ 100 UCITS ETF USD (Acc)) are both exchange-traded funds - ROLG.L is a Commodities fund tracking the Bloomberg Roll Select Commodity, while CNX1.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, ROLG.L returned 14.55%/yr vs 18.83%/yr for CNX1.L. At a 0.17 correlation, their price movements are largely independent. ROLG.L charges 0.28%/yr vs 0.36%/yr for CNX1.L.
Performance
ROLG.L vs. CNX1.L - Performance Comparison
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Different Trading Currencies
ROLG.L is traded in GBP, while CNX1.L is traded in GBp. To make them comparable, the CNX1.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 27.75% return, which is significantly higher than CNX1.L's 19.85% return.
ROLG.L
- 1D
- -1.64%
- 1M
- -1.90%
- YTD
- 27.75%
- 6M
- 27.51%
- 1Y
- 44.31%
- 3Y*
- 14.24%
- 5Y*
- 14.55%
- 10Y*
- —
CNX1.L
- 1D
- -0.63%
- 1M
- 9.63%
- YTD
- 19.85%
- 6M
- 18.42%
- 1Y
- 41.69%
- 3Y*
- 24.68%
- 5Y*
- 18.83%
- 10Y*
- 22.43%
ROLG.L vs. CNX1.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 | 27.75% | 8.64% | 6.25% | -7.36% | 30.51% | 29.23% | -2.41% | 1.84% | -9.45% |
CNX1.L iShares NASDAQ 100 UCITS ETF USD (Acc) | 19.85% | 11.57% | 28.51% | 47.71% | -25.53% | 29.50% | 43.24% | 33.63% | -15.51% |
Correlation
The correlation between ROLG.L and CNX1.L is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018 | 0.17 |
The correlation between ROLG.L and CNX1.L shifts across timeframes, from -0.06 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ROLG.L vs. CNX1.L — Risk / Return Rank
ROLG.L
CNX1.L
ROLG.L vs. CNX1.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 iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.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.
| ROLG.L | CNX1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.50 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 6.47 | 3.76 | +2.71 |
| Martin ratioReturn relative to average drawdown | 18.28 | 11.10 | +7.18 |
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
| ROLG.L | CNX1.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.65 | 2.82 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.98 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 1.14 | -0.56 |
Drawdowns
ROLG.L vs. CNX1.L - Drawdown Comparison
The maximum ROLG.L drawdown since its inception was -22.66%, smaller than the maximum CNX1.L drawdown of -27.56%. Use the drawdown chart below to compare losses from any high point for ROLG.L and CNX1.L.
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Drawdown Indicators
| ROLG.L | CNX1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.66% | -27.56% | +4.90% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -11.03% | +4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -13.27% | -24.56% | +11.29% |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | -27.56% | +7.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.56% | — |
Current DrawdownCurrent decline from peak | -4.56% | -0.63% | -3.93% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -4.57% | -4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 3.75% | -1.33% |
Volatility
ROLG.L vs. CNX1.L - Volatility Comparison
iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) has a higher volatility of 5.90% compared to iShares NASDAQ 100 UCITS ETF USD (Acc) (CNX1.L) at 4.13%. This indicates that ROLG.L's price experiences larger fluctuations and is considered to be riskier than CNX1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROLG.L | CNX1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 4.13% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 13.98% | 10.38% | +3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.69% | 14.70% | +1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.69% | 19.16% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 19.44% | -2.46% |
ROLG.L vs. CNX1.L - Expense Ratio Comparison
ROLG.L has a 0.28% expense ratio, which is lower than CNX1.L's 0.36% expense ratio.
Dividends
ROLG.L vs. CNX1.L - Dividend Comparison
Neither ROLG.L nor CNX1.L has paid dividends to shareholders.
Frequently Asked Questions
ROLG.L and CNX1.L have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ROLG.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ROLG.L is cheaper with a 0.28% expense ratio, compared with 0.36% for CNX1.L.
ROLG.L is categorized as Commodities, while CNX1.L is Nasdaq-100. ROLG.L tracks Bloomberg Roll Select Commodity, while CNX1.L tracks NASDAQ-100 Index. Their fees differ too: 0.28% for ROLG.L and 0.36% for CNX1.L.
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