VXUS vs. CMFP.L

Last updated Jun 16, 2026

VXUS (Vanguard Total International Stock ETF) and CMFP.L (L&G Longer Dated All Commodities UCITS ETF) are both exchange-traded funds - VXUS is a Global Equities fund tracking the FTSE Global All Cap ex US Index, while CMFP.L is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 10 years, VXUS returned 10.23%/yr vs 7.84%/yr for CMFP.L. At a 0.35 correlation, their price movements are largely independent. VXUS charges 0.05%/yr vs 0.30%/yr for CMFP.L.

Performance

VXUS vs. CMFP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total International Stock ETF (VXUS) and L&G Longer Dated All Commodities UCITS ETF (CMFP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VXUS is traded in USD, while CMFP.L is traded in GBp. To make them comparable, the CMFP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VXUS achieves a 15.42% return, which is significantly higher than CMFP.L's 13.99% return. Over the past 10 years, VXUS has outperformed CMFP.L with an annualized return of 10.23%, while CMFP.L has yielded a comparatively lower 7.84% annualized return.

VXUS

• 1D: 1.52%
• 1M: 4.66%
• YTD: 15.42%
• 6M: 16.87%
• 1Y: 32.10%
• 3Y*: 18.53%
• 5Y*: 8.83%
• 10Y*: 10.23%

CMFP.L

• 1D: -0.48%
• 1M: -5.94%
• YTD: 13.99%
• 6M: 16.26%
• 1Y: 22.47%
• 3Y*: 10.93%
• 5Y*: 11.33%
• 10Y*: 7.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VXUS vs. CMFP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VXUS Vanguard Total International Stock ETF	15.42%	32.35%	5.08%	15.86%	-16.08%	8.98%	10.66%	21.75%	-14.43%	27.46%
CMFP.L L&G Longer Dated All Commodities UCITS ETF	13.99%	16.67%	5.08%	-6.76%	18.60%	33.39%	2.11%	8.16%	-8.64%	2.76%

Correlation

The correlation between VXUS and CMFP.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jan 28, 2011	0.35

Over the past year, the correlation between VXUS and CMFP.L has dropped to 0.15 - well below their long-term average of 0.35, suggesting their price drivers have been diverging.

Return for Risk

VXUS vs. CMFP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VXUS

VXUS Risk / Return Rank: 67
VXUS Sharpe Ratio Rank: 69
VXUS Sortino Ratio Rank: 67
VXUS Omega Ratio Rank: 70
VXUS Calmar Ratio Rank: 63
VXUS Martin Ratio Rank: 67

CMFP.L

CMFP.L Risk / Return Rank: 52
CMFP.L Sharpe Ratio Rank: 49
CMFP.L Sortino Ratio Rank: 44
CMFP.L Omega Ratio Rank: 48
CMFP.L Calmar Ratio Rank: 67
CMFP.L Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VXUS vs. CMFP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Stock ETF (VXUS) 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.

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.

	VXUS	CMFP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.55	+0.45
Sortino ratio: Return per unit of downside risk	2.73	2.07	+0.66
Omega ratio: Gain probability vs. loss probability	1.37	1.27	+0.10
Calmar ratio: Return relative to maximum drawdown	2.86	2.70	+0.16
Martin ratio: Return relative to average drawdown	11.00	7.67	+3.33

VXUS vs. CMFP.L - Sharpe Ratio Comparison

The current VXUS Sharpe Ratio is 2.01, which is comparable to the CMFP.L Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of VXUS and CMFP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VXUS vs. CMFP.L - Drawdown Comparison

The maximum VXUS drawdown since its inception was -35.97%, smaller than the maximum CMFP.L drawdown of -72.10%. Use the drawdown chart below to compare losses from any high point for VXUS and CMFP.L.

Drawdown Indicators

	VXUS	CMFP.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.97%	-72.10%	+36.13%
Max Drawdown (1Y) Largest decline over 1 year	-11.27%	-8.27%	-3.00%
Max Drawdown (3Y) Largest decline over 3 years	-13.58%	-23.04%	+9.46%
Max Drawdown (5Y) Largest decline over 5 years	-29.44%	-23.04%	-6.40%
Max Drawdown (10Y) Largest decline over 10 years	-35.97%	-30.49%	-5.48%
Current Drawdown Current decline from peak	0.00%	-21.78%	+21.78%
Average Drawdown Average peak-to-trough decline	-8.20%	-49.88%	+41.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	2.92%	+0.01%

Volatility

VXUS vs. CMFP.L - Volatility Comparison

Vanguard Total International Stock ETF (VXUS) has a higher volatility of 6.87% compared to L&G Longer Dated All Commodities UCITS ETF (CMFP.L) at 4.25%. This indicates that VXUS'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.

Volatility by Period

	VXUS	CMFP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.87%	4.25%	+2.62%
Volatility (6M) Calculated over the trailing 6-month period	14.09%	12.41%	+1.68%
Volatility (1Y) Calculated over the trailing 1-year period	16.11%	14.44%	+1.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	20.39%	-4.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.21%	16.60%	+0.61%

VXUS vs. CMFP.L - Expense Ratio Comparison

VXUS has a 0.05% expense ratio, which is lower than CMFP.L's 0.30% expense ratio.

Dividends

VXUS vs. CMFP.L - Dividend Comparison

VXUS's dividend yield for the trailing twelve months is around 2.63%, while CMFP.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMFP.L L&G Longer Dated All Commodities UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VXUS Vanguard Total International Stock ETF	2.63%	3.18%	3.37%	3.24%	3.09%	3.10%	2.14%	3.06%	3.18%	2.73%	2.93%	2.83%

Frequently Asked Questions

Can I hold both VXUS and CMFP.L in my portfolio?

VXUS and CMFP.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VXUS or CMFP.L?

On fees, VXUS is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VXUS or CMFP.L?

VXUS is cheaper with a 0.05% expense ratio, compared with 0.30% for CMFP.L.

What is the main difference between VXUS and CMFP.L?

VXUS is categorized as Global Equities, while CMFP.L is Commodities. VXUS tracks FTSE Global All Cap ex US Index, while CMFP.L tracks Bloomberg Commodity 3 Month Forward. They also come from different issuers: Vanguard and Legal & General. Their fees differ too: 0.05% for VXUS and 0.30% for CMFP.L.