XFRM.L vs. AIGC.L

Last updated Jun 5, 2026

XFRM.L (WisdomTree Broad Commodities Ex-Agriculture and Livestock) and AIGC.L (WisdomTree Broad Commodities) are both Commodities funds from WisdomTree - XFRM.L tracks the Bloomberg Commodity ex-Agriculture and Livestock while AIGC.L tracks the Bloomberg Commodity. Both are passively managed. Over the past 10 years, XFRM.L returned 8.89%/yr vs 5.99%/yr for AIGC.L. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.49% expense ratio.

Performance

XFRM.L vs. AIGC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Broad Commodities Ex-Agriculture and Livestock (XFRM.L) and WisdomTree Broad Commodities (AIGC.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XFRM.L achieves a 36.57% return, which is significantly higher than AIGC.L's 24.32% return. Over the past 10 years, XFRM.L has outperformed AIGC.L with an annualized return of 8.89%, while AIGC.L has yielded a comparatively lower 5.99% annualized return.

XFRM.L

• 1D: -1.20%
• 1M: -3.00%
• YTD: 36.57%
• 6M: 38.59%
• 1Y: 57.89%
• 3Y*: 22.90%
• 5Y*: 14.85%
• 10Y*: 8.89%

AIGC.L

• 1D: -1.47%
• 1M: -4.07%
• YTD: 24.32%
• 6M: 24.87%
• 1Y: 37.57%
• 3Y*: 14.90%
• 5Y*: 10.38%
• 10Y*: 5.99%

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

XFRM.L vs. AIGC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XFRM.L WisdomTree Broad Commodities Ex-Agriculture and Livestock	36.57%	23.14%	6.70%	-9.42%	15.17%	26.88%	-9.12%	10.10%	-12.43%	6.62%
AIGC.L WisdomTree Broad Commodities	24.32%	16.03%	2.05%	-6.41%	13.22%	26.42%	-3.80%	7.16%	-11.46%	0.80%

Correlation

The correlation between XFRM.L and AIGC.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Aug 29, 2014	0.86

The correlation between XFRM.L and AIGC.L shifts across timeframes, from 0.82 (3 years) to 0.96 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

XFRM.L vs. AIGC.L — Risk / Return Rank

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

XFRM.L

XFRM.L Risk / Return Rank: 78
XFRM.L Sharpe Ratio Rank: 80
XFRM.L Sortino Ratio Rank: 65
XFRM.L Omega Ratio Rank: 77
XFRM.L Calmar Ratio Rank: 92
XFRM.L Martin Ratio Rank: 78

AIGC.L

AIGC.L Risk / Return Rank: 70
AIGC.L Sharpe Ratio Rank: 68
AIGC.L Sortino Ratio Rank: 58
AIGC.L Omega Ratio Rank: 68
AIGC.L Calmar Ratio Rank: 89
AIGC.L Martin Ratio Rank: 67

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.

XFRM.L vs. AIGC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Broad Commodities Ex-Agriculture and Livestock (XFRM.L) and WisdomTree Broad Commodities (AIGC.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.

	XFRM.L	AIGC.L	Difference
Sharpe ratio: Return per unit of total volatility	2.54	2.19	+0.35
Sortino ratio: Return per unit of downside risk	2.96	2.73	+0.23
Omega ratio: Gain probability vs. loss probability	1.45	1.40	+0.05
Calmar ratio: Return relative to maximum drawdown	6.22	5.28	+0.95
Martin ratio: Return relative to average drawdown	14.95	12.07	+2.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XFRM.L vs. AIGC.L - Sharpe Ratio Comparison

The current XFRM.L Sharpe Ratio is 2.54, which is comparable to the AIGC.L Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of XFRM.L and AIGC.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.

Sharpe Ratios by Period

	XFRM.L	AIGC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	2.19	+0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.69	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.42	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	-0.02	+0.16

Drawdowns

XFRM.L vs. AIGC.L - Drawdown Comparison

The maximum XFRM.L drawdown since its inception was -56.89%, smaller than the maximum AIGC.L drawdown of -75.92%. Use the drawdown chart below to compare losses from any high point for XFRM.L and AIGC.L.

Drawdown Indicators

	XFRM.L	AIGC.L	Difference
Max Drawdown Largest peak-to-trough decline	-56.89%	-75.92%	+19.03%
Max Drawdown (1Y) Largest decline over 1 year	-9.26%	-7.09%	-2.17%
Max Drawdown (3Y) Largest decline over 3 years	-12.77%	-11.23%	-1.54%
Max Drawdown (5Y) Largest decline over 5 years	-33.87%	-26.98%	-6.89%
Max Drawdown (10Y) Largest decline over 10 years	-37.47%	-34.00%	-3.47%
Current Drawdown Current decline from peak	-4.72%	-37.42%	+32.70%
Average Drawdown Average peak-to-trough decline	-30.77%	-51.02%	+20.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.86%	3.10%	+0.76%

Volatility

XFRM.L vs. AIGC.L - Volatility Comparison

WisdomTree Broad Commodities Ex-Agriculture and Livestock (XFRM.L) has a higher volatility of 6.86% compared to WisdomTree Broad Commodities (AIGC.L) at 5.88%. This indicates that XFRM.L's price experiences larger fluctuations and is considered to be riskier than AIGC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XFRM.L	AIGC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.86%	5.88%	+0.98%
Volatility (6M) Calculated over the trailing 6-month period	20.44%	15.18%	+5.26%
Volatility (1Y) Calculated over the trailing 1-year period	22.66%	17.07%	+5.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.93%	18.14%	+2.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.45%	15.76%	+2.69%

XFRM.L vs. AIGC.L - Expense Ratio Comparison

Both XFRM.L and AIGC.L have an expense ratio of 0.49%.

Dividends

XFRM.L vs. AIGC.L - Dividend Comparison

Neither XFRM.L nor AIGC.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XFRM.L and AIGC.L in my portfolio?

With a correlation of 0.96, XFRM.L and AIGC.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.

Which ETF is better, XFRM.L or AIGC.L?

Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XFRM.L or AIGC.L?

XFRM.L and AIGC.L have the same expense ratio: 0.49% per year.

What is the main difference between XFRM.L and AIGC.L?

XFRM.L tracks Bloomberg Commodity ex-Agriculture and Livestock, while AIGC.L tracks Bloomberg Commodity.