XDBG.L vs. BCOM.L
XDBG.L (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged) and BCOM.L (L&G All Commodities UCITS ETF - USD Accumulating ETF) are both Commodities funds - XDBG.L tracks the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged) while BCOM.L tracks the Bloomberg Commodity Index Total Return. Both are passively managed. Over the past 5 years, XDBG.L returned 11.97%/yr vs 11.06%/yr for BCOM.L. A 0.62 correlation means they provide meaningful diversification when combined. XDBG.L charges 0.39%/yr vs 0.15%/yr for BCOM.L.
Performance
XDBG.L vs. BCOM.L - Performance Comparison
Loading charts...
Different Trading Currencies
XDBG.L is traded in GBp, while BCOM.L is traded in USD. To make them comparable, the BCOM.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDBG.L achieves a 13.00% return, which is significantly lower than BCOM.L's 21.29% return.
XDBG.L
- 1D
- -0.01%
- 1M
- -2.98%
- 6M
- 7.94%
- YTD
- 13.00%
- 1Y
- 28.18%
- 3Y*
- 14.44%
- 5Y*
- 11.97%
- 10Y*
- 7.72%
BCOM.L
- 1D
- 0.89%
- 1M
- 1.31%
- 6M
- 16.66%
- YTD
- 21.29%
- 1Y
- 29.87%
- 3Y*
- 11.37%
- 5Y*
- 11.06%
- 10Y*
- —
XDBG.L vs. BCOM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDBG.L Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged | 13.00% | 25.68% | 8.15% | -11.18% | 18.13% | 38.25% | -3.17% | 5.10% | -12.92% | 9.66% |
BCOM.L L&G All Commodities UCITS ETF - USD Accumulating ETF | 21.29% | 7.91% | 6.26% | -11.88% | 29.38% | 28.55% | -5.84% | 1.14% | -4.53% | 2.60% |
Correlation
The correlation between XDBG.L and BCOM.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2017 | 0.62 |
The correlation between XDBG.L and BCOM.L shifts across timeframes, from 0.62 (all time) to 0.76 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XDBG.L vs. BCOM.L — Risk / Return Rank
XDBG.L
BCOM.L
XDBG.L vs. BCOM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) and L&G All Commodities UCITS ETF - USD Accumulating ETF (BCOM.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.
| XDBG.L | BCOM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.29 | -0.25 |
| Martin ratioReturn relative to average drawdown | 5.82 | 6.99 | -1.16 |
Loading charts...
Drawdowns
XDBG.L vs. BCOM.L - Drawdown Comparison
The maximum XDBG.L drawdown since its inception was -64.51%, which is greater than BCOM.L's maximum drawdown of -27.79%. Use the drawdown chart below to compare losses from any high point for XDBG.L and BCOM.L.
Loading charts...
Drawdown Indicators
| XDBG.L | BCOM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.51% | -27.79% | -36.72% |
Max Drawdown (1Y)Largest decline over 1 year | -13.74% | -12.97% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -13.74% | -14.40% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -28.67% | -27.75% | -0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | — | — |
Current DrawdownCurrent decline from peak | -10.71% | -7.80% | -2.91% |
Average DrawdownAverage peak-to-trough decline | -33.52% | -11.31% | -22.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.83% | 4.20% | +0.63% |
Volatility
XDBG.L vs. BCOM.L - Volatility Comparison
Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) has a higher volatility of 4.40% compared to L&G All Commodities UCITS ETF - USD Accumulating ETF (BCOM.L) at 4.10%. This indicates that XDBG.L's price experiences larger fluctuations and is considered to be riskier than BCOM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XDBG.L | BCOM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 4.10% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 14.47% | 15.63% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.96% | 17.81% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.99% | 17.00% | +1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.03% | 16.02% | +0.01% |
XDBG.L vs. BCOM.L - Expense Ratio Comparison
XDBG.L has a 0.39% expense ratio, which is higher than BCOM.L's 0.15% expense ratio.
Dividends
XDBG.L vs. BCOM.L - Dividend Comparison
Neither XDBG.L nor BCOM.L has paid dividends to shareholders.
Frequently Asked Questions
XDBG.L and BCOM.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BCOM.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BCOM.L is cheaper with a 0.15% expense ratio, compared with 0.39% for XDBG.L.
XDBG.L tracks Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged), while BCOM.L tracks Bloomberg Commodity Index Total Return. They also come from different issuers: Xtrackers and L&G. Their fees differ too: 0.39% for XDBG.L and 0.15% for BCOM.L.
Find the right allocation for XDBG.L and BCOM.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer