XDBG.L vs. ROLL.L
XDBG.L (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged) and ROLL.L (iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF USD (Acc)) are both Commodities funds - XDBG.L tracks the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged) while ROLL.L tracks the Bloomberg Enhanced Roll Yield Total Return Index. Both are passively managed. Over the past 5 years, XDBG.L returned 11.97%/yr vs 13.22%/yr for ROLL.L. A 0.66 correlation means they provide meaningful diversification when combined. XDBG.L charges 0.39%/yr vs 0.28%/yr for ROLL.L.
Performance
XDBG.L vs. ROLL.L - Performance Comparison
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Different Trading Currencies
XDBG.L is traded in GBp, while ROLL.L is traded in USD. To make them comparable, the ROLL.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 ROLL.L's 24.51% 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%
ROLL.L
- 1D
- 0.82%
- 1M
- 1.42%
- 6M
- 18.14%
- YTD
- 24.51%
- 1Y
- 34.60%
- 3Y*
- 13.30%
- 5Y*
- 13.22%
- 10Y*
- —
XDBG.L vs. ROLL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -14.24% |
ROLL.L iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF USD (Acc) | 24.51% | 8.61% | 6.51% | -7.11% | 30.54% | 28.89% | -2.13% | 1.26% | -9.77% |
Correlation
The correlation between XDBG.L and ROLL.L is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2018 | 0.66 |
The correlation between XDBG.L and ROLL.L has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.
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Return for Risk
XDBG.L vs. ROLL.L — Risk / Return Rank
XDBG.L
ROLL.L
XDBG.L vs. ROLL.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 iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF USD (Acc) (ROLL.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 | ROLL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.35 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.85 | -0.80 |
| Martin ratioReturn relative to average drawdown | 5.82 | 9.28 | -3.46 |
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Drawdowns
XDBG.L vs. ROLL.L - Drawdown Comparison
The maximum XDBG.L drawdown since its inception was -64.51%, which is greater than ROLL.L's maximum drawdown of -23.20%. Use the drawdown chart below to compare losses from any high point for XDBG.L and ROLL.L.
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Drawdown Indicators
| XDBG.L | ROLL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.51% | -23.20% | -41.31% |
Max Drawdown (1Y)Largest decline over 1 year | -13.74% | -12.10% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -13.74% | -13.37% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -28.67% | -20.56% | -8.11% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | — | — |
Current DrawdownCurrent decline from peak | -10.71% | -6.70% | -4.01% |
Average DrawdownAverage peak-to-trough decline | -33.52% | -9.49% | -24.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.83% | 3.72% | +1.11% |
Volatility
XDBG.L vs. ROLL.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 iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF USD (Acc) (ROLL.L) at 4.12%. This indicates that XDBG.L's price experiences larger fluctuations and is considered to be riskier than ROLL.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 | ROLL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 4.12% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 14.47% | 15.04% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.96% | 17.20% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.99% | 16.41% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.03% | 15.42% | +0.61% |
XDBG.L vs. ROLL.L - Expense Ratio Comparison
XDBG.L has a 0.39% expense ratio, which is higher than ROLL.L's 0.28% expense ratio.
Dividends
XDBG.L vs. ROLL.L - Dividend Comparison
Neither XDBG.L nor ROLL.L has paid dividends to shareholders.
Frequently Asked Questions
XDBG.L and ROLL.L have a correlation of 0.74, 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 0.39% for XDBG.L.
XDBG.L tracks Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged), while ROLL.L tracks Bloomberg Enhanced Roll Yield Total Return Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.39% for XDBG.L and 0.28% for ROLL.L.
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