ROLG.L vs. UD08.L
ROLG.L (iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD) and UD08.L (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc) are both Commodities funds - ROLG.L tracks the Bloomberg Roll Select Commodity while UD08.L tracks the UBS CMCI Ex-Agriculture Ex-Livestock Capped (GBP Hedged). Both are passively managed. Over the past year, ROLG.L returned 44.31% vs 42.97% for UD08.L. A 0.65 correlation means they provide meaningful diversification when combined. ROLG.L charges 0.28%/yr vs 0.34%/yr for UD08.L.
Performance
ROLG.L vs. UD08.L - Performance Comparison
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Different Trading Currencies
ROLG.L is traded in GBP, while UD08.L is traded in GBp. To make them comparable, the UD08.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 UD08.L's 24.99% 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*
- —
UD08.L
- 1D
- -0.63%
- 1M
- 0.19%
- YTD
- 24.99%
- 6M
- 27.45%
- 1Y
- 42.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ROLG.L vs. UD08.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ROLG.L iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD | 27.75% | 1.18% |
UD08.L UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc | 24.99% | 14.80% |
Correlation
The correlation between ROLG.L and UD08.L is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025 | 0.65 |
The correlation between ROLG.L and UD08.L has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.
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Return for Risk
ROLG.L vs. UD08.L — Risk / Return Rank
ROLG.L
UD08.L
ROLG.L vs. UD08.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 UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc (UD08.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 | UD08.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.57 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 6.47 | 6.65 | -0.18 |
| Martin ratioReturn relative to average drawdown | 18.28 | 20.97 | -2.69 |
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 | UD08.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.65 | 3.05 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 2.65 | -2.06 |
Drawdowns
ROLG.L vs. UD08.L - Drawdown Comparison
The maximum ROLG.L drawdown since its inception was -22.66%, which is greater than UD08.L's maximum drawdown of -6.43%. Use the drawdown chart below to compare losses from any high point for ROLG.L and UD08.L.
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Drawdown Indicators
| ROLG.L | UD08.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.66% | -6.43% | -16.23% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -6.43% | -0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -13.27% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | — | — |
Current DrawdownCurrent decline from peak | -4.56% | -1.17% | -3.39% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -1.41% | -7.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.04% | +0.38% |
Volatility
ROLG.L vs. UD08.L - Volatility Comparison
iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) has a higher volatility of 5.90% compared to UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc (UD08.L) at 2.74%. This indicates that ROLG.L's price experiences larger fluctuations and is considered to be riskier than UD08.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 | UD08.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 2.74% | +3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 13.98% | 11.75% | +2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.69% | 14.02% | +2.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.69% | 14.96% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 14.96% | +2.02% |
ROLG.L vs. UD08.L - Expense Ratio Comparison
ROLG.L has a 0.28% expense ratio, which is lower than UD08.L's 0.34% expense ratio.
Dividends
ROLG.L vs. UD08.L - Dividend Comparison
Neither ROLG.L nor UD08.L has paid dividends to shareholders.
Frequently Asked Questions
ROLG.L and UD08.L have a correlation of 0.72, 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 0.34% for UD08.L.
ROLG.L tracks Bloomberg Roll Select Commodity, while UD08.L tracks UBS CMCI Ex-Agriculture Ex-Livestock Capped (GBP Hedged). They also come from different issuers: iShares and UBS. Their fees differ too: 0.28% for ROLG.L and 0.34% for UD08.L.
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