ROLL.L vs. REMX.L
ROLL.L (iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF USD (Acc)) and REMX.L (VanEck Rare Earth and Strategic Metals UCITS ETF A USD (Acc)) are both exchange-traded funds - ROLL.L is a Commodities fund tracking the Bloomberg Enhanced Roll Yield Total Return Index, while REMX.L is a Metals fund tracking the MVIS Global Rare Earth/Strategic Metals Index. Both are passively managed. Over the past 3 years, ROLL.L returned 14.49%/yr vs -5.20%/yr for REMX.L. At a 0.31 correlation, their price movements are largely independent. ROLL.L charges 0.28%/yr vs 0.59%/yr for REMX.L.
Performance
ROLL.L vs. REMX.L - Performance Comparison
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Returns By Period
In the year-to-date period, ROLL.L achieves a 24.33% return, which is significantly higher than REMX.L's -2.56% return.
ROLL.L
- 1D
- 0.66%
- 1M
- 2.68%
- 6M
- 18.83%
- YTD
- 24.33%
- 1Y
- 34.97%
- 3Y*
- 14.49%
- 5Y*
- 12.71%
- 10Y*
- —
REMX.L
- 1D
- -3.69%
- 1M
- -26.89%
- 6M
- -19.33%
- YTD
- -2.56%
- 1Y
- 49.63%
- 3Y*
- -5.20%
- 5Y*
- —
- 10Y*
- —
ROLL.L vs. REMX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ROLL.L iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF USD (Acc) | 24.33% | 16.94% | 4.68% | -2.22% | 16.67% | 1.31% |
REMX.L VanEck Rare Earth and Strategic Metals UCITS ETF A USD (Acc) | -2.56% | 88.79% | -35.65% | -18.38% | -30.93% | 7.28% |
Correlation
The correlation between ROLL.L and REMX.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.31 |
The correlation between ROLL.L and REMX.L shifts across timeframes, from 0.16 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ROLL.L vs. REMX.L — Risk / Return Rank
ROLL.L
REMX.L
ROLL.L vs. REMX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF USD (Acc) (ROLL.L) and VanEck Rare Earth and Strategic Metals UCITS ETF A USD (Acc) (REMX.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.
| ROLL.L | REMX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.18 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 1.42 | +1.08 |
| Martin ratioReturn relative to average drawdown | 8.58 | 4.46 | +4.12 |
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Drawdowns
ROLL.L vs. REMX.L - Drawdown Comparison
The maximum ROLL.L drawdown since its inception was -26.90%, smaller than the maximum REMX.L drawdown of -73.21%. Use the drawdown chart below to compare losses from any high point for ROLL.L and REMX.L.
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Drawdown Indicators
| ROLL.L | REMX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.90% | -73.21% | +46.31% |
Max Drawdown (1Y)Largest decline over 1 year | -13.94% | -34.86% | +20.92% |
Max Drawdown (3Y)Largest decline over 3 years | -13.94% | -60.13% | +46.19% |
Max Drawdown (5Y)Largest decline over 5 years | -20.45% | — | — |
Current DrawdownCurrent decline from peak | -7.10% | -41.93% | +34.83% |
Average DrawdownAverage peak-to-trough decline | -9.17% | -41.58% | +32.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 11.09% | -7.03% |
Volatility
ROLL.L vs. REMX.L - Volatility Comparison
The current volatility for iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF USD (Acc) (ROLL.L) is 4.18%, while VanEck Rare Earth and Strategic Metals UCITS ETF A USD (Acc) (REMX.L) has a volatility of 11.57%. This indicates that ROLL.L experiences smaller price fluctuations and is considered to be less risky than REMX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROLL.L | REMX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 11.57% | -7.39% |
Volatility (6M)Calculated over the trailing 6-month period | 14.48% | 34.30% | -19.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.55% | 47.11% | -30.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.16% | 54.72% | -38.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.96% | 54.72% | -39.76% |
ROLL.L vs. REMX.L - Expense Ratio Comparison
ROLL.L has a 0.28% expense ratio, which is lower than REMX.L's 0.59% expense ratio.
Dividends
ROLL.L vs. REMX.L - Dividend Comparison
Neither ROLL.L nor REMX.L has paid dividends to shareholders.
Frequently Asked Questions
ROLL.L and REMX.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ROLL.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ROLL.L is cheaper with a 0.28% expense ratio, compared with 0.59% for REMX.L.
ROLL.L is categorized as Commodities, while REMX.L is Metals. ROLL.L tracks Bloomberg Enhanced Roll Yield Total Return Index, while REMX.L tracks MVIS Global Rare Earth/Strategic Metals Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.28% for ROLL.L and 0.59% for REMX.L.
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