SXRS.DE vs. CMFP.L
SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) and CMFP.L (L&G Longer Dated All Commodities UCITS ETF) are both Commodities funds - SXRS.DE tracks the Bloomberg Commodity while CMFP.L tracks the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 5 years, SXRS.DE returned 12.06%/yr vs 13.14%/yr for CMFP.L. Their correlation of 0.89 suggests significant overlap in exposure. SXRS.DE charges 0.19%/yr vs 0.30%/yr for CMFP.L.
Performance
SXRS.DE vs. CMFP.L - Performance Comparison
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Different Trading Currencies
SXRS.DE is traded in EUR, while CMFP.L is traded in GBp. To make them comparable, the CMFP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SXRS.DE achieves a 23.84% return, which is significantly higher than CMFP.L's 20.23% return.
SXRS.DE
- 1D
- -1.56%
- 1M
- -0.35%
- YTD
- 23.84%
- 6M
- 22.88%
- 1Y
- 34.67%
- 3Y*
- 12.54%
- 5Y*
- 12.06%
- 10Y*
- —
CMFP.L
- 1D
- -1.21%
- 1M
- -1.37%
- YTD
- 20.23%
- 6M
- 19.80%
- 1Y
- 28.55%
- 3Y*
- 10.75%
- 5Y*
- 13.14%
- 10Y*
- 8.18%
SXRS.DE vs. CMFP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 23.84% | 4.72% | 10.95% | -10.44% | 20.69% | 40.00% | -13.37% | 9.72% | -6.15% |
CMFP.L L&G Longer Dated All Commodities UCITS ETF | 20.24% | 2.83% | 12.02% | -9.56% | 25.95% | 43.36% | -6.31% | 10.60% | -5.83% |
Correlation
The correlation between SXRS.DE and CMFP.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.89 |
The correlation between SXRS.DE and CMFP.L has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
SXRS.DE vs. CMFP.L — Risk / Return Rank
SXRS.DE
CMFP.L
SXRS.DE vs. CMFP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) and L&G Longer Dated All Commodities UCITS ETF (CMFP.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.
| SXRS.DE | CMFP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 3.76 | +0.24 |
| Martin ratioReturn relative to average drawdown | 8.95 | 8.54 | +0.41 |
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
| SXRS.DE | CMFP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.90 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.85 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.26 | +0.27 |
Drawdowns
SXRS.DE vs. CMFP.L - Drawdown Comparison
The maximum SXRS.DE drawdown since its inception was -27.64%, smaller than the maximum CMFP.L drawdown of -48.33%. Use the drawdown chart below to compare losses from any high point for SXRS.DE and CMFP.L.
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Drawdown Indicators
| SXRS.DE | CMFP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.64% | -48.33% | +20.69% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -7.56% | -1.19% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -14.91% | -1.12% |
Max Drawdown (5Y)Largest decline over 5 years | -27.56% | -22.95% | -4.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.81% | — |
Current DrawdownCurrent decline from peak | -4.99% | -3.52% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -13.12% | -23.08% | +9.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 3.34% | +0.58% |
Volatility
SXRS.DE vs. CMFP.L - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a higher volatility of 5.76% compared to L&G Longer Dated All Commodities UCITS ETF (CMFP.L) at 5.13%. This indicates that SXRS.DE's price experiences larger fluctuations and is considered to be riskier than CMFP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRS.DE | CMFP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 5.13% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 12.48% | +4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 14.96% | +3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 15.43% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 13.83% | +2.02% |
SXRS.DE vs. CMFP.L - Expense Ratio Comparison
SXRS.DE has a 0.19% expense ratio, which is lower than CMFP.L's 0.30% expense ratio.
Dividends
SXRS.DE vs. CMFP.L - Dividend Comparison
Neither SXRS.DE nor CMFP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, SXRS.DE and CMFP.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.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.30% for CMFP.L.
SXRS.DE tracks Bloomberg Commodity, while CMFP.L tracks Bloomberg Commodity 3 Month Forward. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.19% for SXRS.DE and 0.30% for CMFP.L.
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