ROLG.L vs. CUKX.L
ROLG.L (iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD) and CUKX.L (iShares FTSE 100 UCITS ETF) are both exchange-traded funds - ROLG.L is a Commodities fund tracking the Bloomberg Roll Select Commodity, while CUKX.L is a fund fund tracking the FTSE 100 Index. Both are passively managed. Over the past 5 years, ROLG.L returned 12.96%/yr vs 12.40%/yr for CUKX.L. At a 0.22 correlation, their price movements are largely independent. ROLG.L charges 0.28%/yr vs 0.07%/yr for CUKX.L.
Performance
ROLG.L vs. CUKX.L - Performance Comparison
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Different Trading Currencies
ROLG.L is traded in GBP, while CUKX.L is traded in GBp. To make them comparable, the CUKX.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 CUKX.L's 7.84% 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*
- —
CUKX.L
- 1D
- -0.09%
- 1M
- 0.91%
- 6M
- 5.18%
- YTD
- 7.84%
- 1Y
- 21.64%
- 3Y*
- 16.24%
- 5Y*
- 12.40%
- 10Y*
- 8.59%
ROLG.L vs. CUKX.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% |
CUKX.L iShares FTSE 100 UCITS ETF | 7.84% | 25.78% | 9.30% | 7.72% | 4.97% | 17.48% | -11.28% | 17.23% | -9.52% |
Correlation
The correlation between ROLG.L and CUKX.L is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2018 | 0.22 |
The correlation between ROLG.L and CUKX.L shifts across timeframes, from -0.12 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ROLG.L vs. CUKX.L — Risk / Return Rank
ROLG.L
CUKX.L
ROLG.L vs. CUKX.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 FTSE 100 UCITS ETF (CUKX.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 | CUKX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.42 | +0.23 |
| Martin ratioReturn relative to average drawdown | 8.98 | 7.70 | +1.28 |
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Drawdowns
ROLG.L vs. CUKX.L - Drawdown Comparison
The maximum ROLG.L drawdown since its inception was -40.64%, which is greater than CUKX.L's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for ROLG.L and CUKX.L.
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Drawdown Indicators
| ROLG.L | CUKX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.64% | -34.50% | -6.14% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -8.89% | -3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -25.00% | -12.88% | -12.12% |
Max Drawdown (5Y)Largest decline over 5 years | -25.00% | -12.88% | -12.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.50% | — |
Current DrawdownCurrent decline from peak | -7.94% | -2.36% | -5.58% |
Average DrawdownAverage peak-to-trough decline | -18.36% | -4.31% | -14.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 2.80% | +0.90% |
Volatility
ROLG.L vs. CUKX.L - Volatility Comparison
iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) has a higher volatility of 4.19% compared to iShares FTSE 100 UCITS ETF (CUKX.L) at 3.02%. This indicates that ROLG.L's price experiences larger fluctuations and is considered to be riskier than CUKX.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 | CUKX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 3.02% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 14.27% | 9.77% | +4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.45% | 11.28% | +5.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.17% | 12.68% | +9.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.63% | 14.89% | +6.74% |
ROLG.L vs. CUKX.L - Expense Ratio Comparison
ROLG.L has a 0.28% expense ratio, which is higher than CUKX.L's 0.07% expense ratio.
Dividends
ROLG.L vs. CUKX.L - Dividend Comparison
Neither ROLG.L nor CUKX.L has paid dividends to shareholders.
Frequently Asked Questions
ROLG.L and CUKX.L have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CUKX.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CUKX.L is cheaper with a 0.07% expense ratio, compared with 0.28% for ROLG.L.
ROLG.L tracks Bloomberg Roll Select Commodity, while CUKX.L tracks FTSE 100 Index. Their fees differ too: 0.28% for ROLG.L and 0.07% for CUKX.L.
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