ROLG.L vs. ROLL.L
ROLG.L (iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD) and ROLL.L (iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF) are both Commodities funds from iShares - ROLG.L tracks the Bloomberg Roll Select Commodity while ROLL.L tracks the iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF. Both are passively managed. Over the past 5 years, ROLG.L returned 12.96%/yr vs 12.89%/yr for ROLL.L. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.28% expense ratio.
Performance
ROLG.L vs. ROLL.L - Performance Comparison
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Different Trading Currencies
ROLG.L is traded in GBP, while ROLL.L is traded in USD. To make them comparable, the ROLL.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with ROLG.L having a 23.13% return and ROLL.L slightly lower at 22.67%.
ROLG.L
- 1D
- -0.63%
- 1M
- 0.77%
- 6M
- 15.88%
- YTD
- 23.13%
- 1Y
- 33.33%
- 3Y*
- 13.22%
- 5Y*
- 12.96%
- 10Y*
- —
ROLL.L
- 1D
- 0.00%
- 1M
- 0.35%
- 6M
- 15.72%
- YTD
- 22.67%
- 1Y
- 32.79%
- 3Y*
- 13.10%
- 5Y*
- 12.89%
- 10Y*
- —
ROLG.L vs. ROLL.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% |
ROLL.L iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF | 22.67% | 8.61% | 6.51% | -7.11% | 30.54% | 28.89% | -2.13% | 1.26% | -9.77% |
Correlation
The correlation between ROLG.L and ROLL.L is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2018 | 0.86 |
The correlation between ROLG.L and ROLL.L has been stable across timeframes, ranging from 0.86 to 0.93 - a consistent structural relationship.
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Return for Risk
ROLG.L vs. ROLL.L — Risk / Return Rank
ROLG.L
ROLL.L
ROLG.L vs. ROLL.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 Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF (ROLL.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 | ROLL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.34 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.73 | -0.07 |
| Martin ratioReturn relative to average drawdown | 8.98 | 8.93 | +0.05 |
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Drawdowns
ROLG.L vs. ROLL.L - Drawdown Comparison
The maximum ROLG.L drawdown since its inception was -40.64%, which is greater than ROLL.L's maximum drawdown of -23.20%. Use the drawdown chart below to compare losses from any high point for ROLG.L and ROLL.L.
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Drawdown Indicators
| ROLG.L | ROLL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.64% | -23.20% | -17.44% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -12.10% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -25.00% | -13.37% | -11.63% |
Max Drawdown (5Y)Largest decline over 5 years | -25.00% | -20.56% | -4.44% |
Current DrawdownCurrent decline from peak | -7.94% | -8.08% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -18.36% | -9.49% | -8.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 3.70% | 0.00% |
Volatility
ROLG.L vs. ROLL.L - Volatility Comparison
iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) and iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF (ROLL.L) have volatilities of 4.19% and 4.16%, 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 | ROLL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 4.16% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 14.27% | 15.01% | -0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.45% | 17.18% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.17% | 16.41% | +5.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.63% | 15.42% | +6.21% |
ROLG.L vs. ROLL.L - Expense Ratio Comparison
Both ROLG.L and ROLL.L have an expense ratio of 0.28%.
Dividends
ROLG.L vs. ROLL.L - Dividend Comparison
Neither ROLG.L nor ROLL.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, ROLG.L and ROLL.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.28% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ROLG.L and ROLL.L have the same expense ratio: 0.28% per year.
ROLG.L tracks Bloomberg Roll Select Commodity, while ROLL.L tracks iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF.
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