XFRM.L vs. ROLG.L
XFRM.L (WisdomTree Broad Commodities Ex-Agriculture and Livestock) and ROLG.L (iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD) are both Commodities funds - XFRM.L tracks the Bloomberg Commodity ex-Agriculture and Livestock while ROLG.L tracks the Bloomberg Roll Select Commodity. Both are passively managed. Over the past 5 years, XFRM.L returned 14.85%/yr vs 13.34%/yr for ROLG.L. Their correlation of 0.81 suggests significant overlap in exposure. XFRM.L charges 0.49%/yr vs 0.28%/yr for ROLG.L.
Performance
XFRM.L vs. ROLG.L - Performance Comparison
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Different Trading Currencies
XFRM.L is traded in USD, while ROLG.L is traded in GBP. To make them comparable, the ROLG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XFRM.L achieves a 36.57% return, which is significantly higher than ROLG.L's 27.44% 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%
ROLG.L
- 1D
- -1.60%
- 1M
- -2.74%
- YTD
- 27.44%
- 6M
- 28.45%
- 1Y
- 42.94%
- 3Y*
- 17.18%
- 5Y*
- 13.34%
- 10Y*
- —
XFRM.L vs. ROLG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -16.48% |
ROLG.L iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD | 27.44% | 16.84% | 4.48% | -2.47% | 16.56% | 28.06% | 0.58% | 5.92% | -10.83% |
Correlation
The correlation between XFRM.L and ROLG.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018 | 0.81 |
The correlation between XFRM.L and ROLG.L has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
XFRM.L vs. ROLG.L — Risk / Return Rank
XFRM.L
ROLG.L
XFRM.L vs. ROLG.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 iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.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 | ROLG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.46 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 6.22 | 6.36 | -0.14 |
| Martin ratioReturn relative to average drawdown | 14.95 | 18.09 | -3.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XFRM.L | ROLG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 2.65 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.74 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.61 | -0.46 |
Drawdowns
XFRM.L vs. ROLG.L - Drawdown Comparison
The maximum XFRM.L drawdown since its inception was -56.89%, which is greater than ROLG.L's maximum drawdown of -30.44%. Use the drawdown chart below to compare losses from any high point for XFRM.L and ROLG.L.
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Drawdown Indicators
| XFRM.L | ROLG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.89% | -30.44% | -26.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.26% | -6.72% | -2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -12.77% | -11.53% | -1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -33.87% | -20.09% | -13.78% |
Max Drawdown (10Y)Largest decline over 10 years | -37.47% | — | — |
Current DrawdownCurrent decline from peak | -4.72% | -4.89% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -30.77% | -8.95% | -21.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 2.37% | +1.49% |
Volatility
XFRM.L vs. ROLG.L - Volatility Comparison
WisdomTree Broad Commodities Ex-Agriculture and Livestock (XFRM.L) has a higher volatility of 6.86% compared to iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) at 6.06%. This indicates that XFRM.L's price experiences larger fluctuations and is considered to be riskier than ROLG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XFRM.L | ROLG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 6.06% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 20.44% | 13.97% | +6.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.66% | 16.15% | +6.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.93% | 18.07% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 17.35% | +1.10% |
XFRM.L vs. ROLG.L - Expense Ratio Comparison
XFRM.L has a 0.49% expense ratio, which is higher than ROLG.L's 0.28% expense ratio.
Dividends
XFRM.L vs. ROLG.L - Dividend Comparison
Neither XFRM.L nor ROLG.L has paid dividends to shareholders.
Frequently Asked Questions
XFRM.L and ROLG.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ROLG.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ROLG.L is cheaper with a 0.28% expense ratio, compared with 0.49% for XFRM.L.
XFRM.L tracks Bloomberg Commodity ex-Agriculture and Livestock, while ROLG.L tracks Bloomberg Roll Select Commodity. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.49% for XFRM.L and 0.28% for ROLG.L.
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