XFRM.L vs. XDBG.L
XFRM.L (WisdomTree Broad Commodities Ex-Agriculture and Livestock) and XDBG.L (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged) are both Commodities funds - XFRM.L tracks the Bloomberg Commodity ex-Agriculture and Livestock while XDBG.L tracks the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged). Both are passively managed. Over the past 10 years, XFRM.L returned 8.89%/yr vs 7.78%/yr for XDBG.L. A 0.79 correlation means they provide meaningful diversification when combined. XFRM.L charges 0.49%/yr vs 0.39%/yr for XDBG.L.
Performance
XFRM.L vs. XDBG.L - Performance Comparison
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Different Trading Currencies
XFRM.L is traded in USD, while XDBG.L is traded in GBp. To make them comparable, the XDBG.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 XDBG.L's 22.73% return. Over the past 10 years, XFRM.L has outperformed XDBG.L with an annualized return of 8.89%, while XDBG.L has yielded a comparatively lower 7.78% 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%
XDBG.L
- 1D
- -0.37%
- 1M
- -0.27%
- YTD
- 22.73%
- 6M
- 26.94%
- 1Y
- 43.50%
- 3Y*
- 22.02%
- 5Y*
- 13.18%
- 10Y*
- 7.78%
XFRM.L vs. XDBG.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% |
XDBG.L Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged | 22.73% | 35.16% | 6.35% | -6.49% | 5.50% | 37.00% | -0.21% | 9.31% | -17.85% | 14.17% |
Correlation
The correlation between XFRM.L and XDBG.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 | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2014 | 0.79 |
The correlation between XFRM.L and XDBG.L has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
XFRM.L vs. XDBG.L — Risk / Return Rank
XFRM.L
XDBG.L
XFRM.L vs. XDBG.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 Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.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 | XDBG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.39 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 6.22 | 3.95 | +2.28 |
| Martin ratioReturn relative to average drawdown | 14.95 | 11.55 | +3.40 |
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 | XDBG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 2.22 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.58 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.38 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | -0.00 | +0.15 |
Drawdowns
XFRM.L vs. XDBG.L - Drawdown Comparison
The maximum XFRM.L drawdown since its inception was -56.89%, smaller than the maximum XDBG.L drawdown of -75.36%. Use the drawdown chart below to compare losses from any high point for XFRM.L and XDBG.L.
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Drawdown Indicators
| XFRM.L | XDBG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.89% | -75.36% | +18.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.26% | -10.97% | +1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -12.77% | -13.87% | +1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -33.87% | -34.15% | +0.28% |
Max Drawdown (10Y)Largest decline over 10 years | -37.47% | -47.03% | +9.56% |
Current DrawdownCurrent decline from peak | -4.72% | -8.47% | +3.75% |
Average DrawdownAverage peak-to-trough decline | -30.77% | -45.53% | +14.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.86% | 3.75% | +0.11% |
Volatility
XFRM.L vs. XDBG.L - Volatility Comparison
WisdomTree Broad Commodities Ex-Agriculture and Livestock (XFRM.L) has a higher volatility of 6.86% compared to Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) at 5.07%. This indicates that XFRM.L's price experiences larger fluctuations and is considered to be riskier than XDBG.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 | XDBG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 5.07% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 20.44% | 16.60% | +3.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.66% | 19.48% | +3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.93% | 22.76% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 20.31% | -1.86% |
XFRM.L vs. XDBG.L - Expense Ratio Comparison
XFRM.L has a 0.49% expense ratio, which is higher than XDBG.L's 0.39% expense ratio.
Dividends
XFRM.L vs. XDBG.L - Dividend Comparison
Neither XFRM.L nor XDBG.L has paid dividends to shareholders.
Frequently Asked Questions
XFRM.L and XDBG.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, XDBG.L is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDBG.L is cheaper with a 0.39% expense ratio, compared with 0.49% for XFRM.L.
XFRM.L tracks Bloomberg Commodity ex-Agriculture and Livestock, while XDBG.L tracks Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged). They also come from different issuers: WisdomTree and Xtrackers. Their fees differ too: 0.49% for XFRM.L and 0.39% for XDBG.L.
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