XDBG.L vs. COMF.L
XDBG.L (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged) and COMF.L (L&G Longer Dated All Commodities UCITS ETF) are both Commodities funds - XDBG.L tracks the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged) while COMF.L tracks the Bloomberg Commodity Index 3 Month Forward Total Return. Both are passively managed. Over the past 10 years, XDBG.L returned 7.72%/yr vs 7.94%/yr for COMF.L. A 0.67 correlation means they provide meaningful diversification when combined. XDBG.L charges 0.39%/yr vs 0.30%/yr for COMF.L.
Performance
XDBG.L vs. COMF.L - Performance Comparison
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Different Trading Currencies
XDBG.L is traded in GBp, while COMF.L is traded in USD. To make them comparable, the COMF.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 COMF.L's 15.79% return. Both investments have delivered pretty close results over the past 10 years, with XDBG.L having a 7.72% annualized return and COMF.L not far ahead at 7.94%.
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%
COMF.L
- 1D
- 0.66%
- 1M
- 0.11%
- 6M
- 11.67%
- YTD
- 15.79%
- 1Y
- 24.06%
- 3Y*
- 10.14%
- 5Y*
- 11.75%
- 10Y*
- 7.94%
XDBG.L vs. COMF.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% | 4.24% |
COMF.L L&G Longer Dated All Commodities UCITS ETF | 15.79% | 8.14% | 6.96% | -11.05% | 32.85% | 34.22% | -0.49% | 3.28% | -3.00% | -5.81% |
Correlation
The correlation between XDBG.L and COMF.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2011 | 0.67 |
The correlation between XDBG.L and COMF.L shifts across timeframes, from 0.67 (all time) to 0.79 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XDBG.L vs. COMF.L — Risk / Return Rank
XDBG.L
COMF.L
XDBG.L vs. COMF.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 Longer Dated All Commodities UCITS ETF (COMF.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 | COMF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.28 | -0.24 |
| Martin ratioReturn relative to average drawdown | 5.82 | 7.03 | -1.21 |
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Drawdowns
XDBG.L vs. COMF.L - Drawdown Comparison
The maximum XDBG.L drawdown since its inception was -64.51%, which is greater than COMF.L's maximum drawdown of -50.51%. Use the drawdown chart below to compare losses from any high point for XDBG.L and COMF.L.
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Drawdown Indicators
| XDBG.L | COMF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.51% | -50.51% | -14.00% |
Max Drawdown (1Y)Largest decline over 1 year | -13.74% | -10.49% | -3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -13.74% | -13.06% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -28.67% | -23.88% | -4.79% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | -23.97% | -13.09% |
Current DrawdownCurrent decline from peak | -10.71% | -6.65% | -4.06% |
Average DrawdownAverage peak-to-trough decline | -33.52% | -23.27% | -10.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.83% | 3.40% | +1.43% |
Volatility
XDBG.L vs. COMF.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 Longer Dated All Commodities UCITS ETF (COMF.L) at 3.55%. This indicates that XDBG.L's price experiences larger fluctuations and is considered to be riskier than COMF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDBG.L | COMF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 3.55% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 14.47% | 12.15% | +2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.96% | 14.54% | +3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.99% | 15.17% | +3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.03% | 14.16% | +1.87% |
XDBG.L vs. COMF.L - Expense Ratio Comparison
XDBG.L has a 0.39% expense ratio, which is higher than COMF.L's 0.30% expense ratio.
Dividends
XDBG.L vs. COMF.L - Dividend Comparison
Neither XDBG.L nor COMF.L has paid dividends to shareholders.
Frequently Asked Questions
XDBG.L and COMF.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, COMF.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
COMF.L is cheaper with a 0.30% 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 COMF.L tracks Bloomberg Commodity Index 3 Month Forward Total Return. They also come from different issuers: Xtrackers and L&G. Their fees differ too: 0.39% for XDBG.L and 0.30% for COMF.L.
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