Best E – Commodities funds
Ranking of the top 20 E – Commodities funds (Equities) by composite score (risk-adjusted return). Updated 02/06/2026.
This page ranks 20 E – Commodities funds, a subcategory of Equities, ordered by a composite score that rewards risk-adjusted return and curve stability while penalizing drawdowns. Use it to compare options within the same investment style before exploring each fund's history in the interactive view.
ℹ️ Methodology: period and indicators
All indicators are computed over the last 3 years of prices, with daily data. The risk-free rate used is 2.0%.
Score formula (risk-adjusted return):
0.15·R² + 0.15·Sortino* + 0.2·DD* + 0.2·CAGR_excess* + 0.1·Volatility_inv* + 0.2·Ulcer_inv*
* Components normalized to the analyzed set of funds (best in set = 1, worst = 0). The drawdown term is 1 − (MaxDD / 50.0%)2, clamped to [0,1]. Volatility and Ulcer are inverted (less = better).
A higher score means better relative behavior within the analyzed set, not an investment recommendation.
🏆 Ranking
| # | ISIN | Name | Score | R² | Total Ret. | Annual Ret. | Volatility | Sharpe | Sortino | Max Drawdown | Calmar |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | LU0175576296 | Multipartner SICAV - Konwave Gold Equity Fund B USD | 0.651 | 0.917 | 271.74% | 57.05% | 33.60% | 1.64 | 1.66 | 28.33% | 2.01 |
| 2 | LU0223332320 | Multipartner SICAV - Konwave Gold Equity Fund B EUR | 0.648 | 0.911 | 266.69% | 56.32% | 33.39% | 1.63 | 1.65 | 28.33% | 1.99 |
| 3 | LU2191832919 | Multipartner SICAV - Konwave ESG Gold Equity Fund B | 0.641 | 0.913 | 266.70% | 56.32% | 33.50% | 1.62 | 1.61 | 29.96% | 1.88 |
| 4 | LU1223082196 | Schroder International Selection Fund Global Gold A Accumulation USD | 0.634 | 0.906 | 245.72% | 50.96% | 34.14% | 1.43 | 1.43 | 27.05% | 1.88 |
| 5 | LU1223083087 | Schroder International Selection Fund Global Gold A Accumulation EUR Hedged | 0.621 | 0.891 | 248.00% | 51.29% | 35.38% | 1.39 | 1.40 | 28.05% | 1.83 |
| 6 | LU0159550077 | GOLD & RESSOUR PA DIS EUR | 0.616 | 0.849 | 99.65% | 26.27% | 24.78% | 0.98 | 0.93 | 20.90% | 1.26 |
| 7 | LU0273159177 | DWS Invest Gold and Precious Metals Equities LC | 0.613 | 0.899 | 187.32% | 44.25% | 32.14% | 1.31 | 1.31 | 27.85% | 1.59 |
| 8 | LU0273148055 | DWS Invest Gold and Precious Metals Equities NC | 0.609 | 0.896 | 181.36% | 43.20% | 32.13% | 1.28 | 1.28 | 27.88% | 1.55 |
| 9 | FR0007390174 | CM-AM Global Gold RC | 0.608 | 0.904 | 181.67% | 41.88% | 32.83% | 1.21 | 1.16 | 28.08% | 1.49 |
| 10 | LU2358792120 | GLB NATURL RESRCS A ACC EUR | 0.607 | 0.696 | 70.43% | 19.88% | 17.67% | 1.01 | 0.93 | 19.30% | 1.03 |
| 11 | LU0171305526 | BlackRock Global Funds - World Gold Fund A2 EUR Acc | 0.603 | 0.887 | 170.30% | 39.73% | 31.20% | 1.21 | 1.20 | 27.57% | 1.44 |
| 12 | LU0171306680 | BGF World Gold E2 | 0.600 | 0.883 | 166.28% | 39.21% | 31.28% | 1.19 | 1.18 | 27.59% | 1.42 |
| 13 | LU0345780281 | Ninety One Global Strategy Fund - Global Gold Fund A Acc USD | 0.593 | 0.868 | 186.13% | 43.19% | 32.01% | 1.29 | 1.29 | 30.72% | 1.41 |
| 14 | IE00BYVJR916 | Jupiter Gold & Silver | 0.586 | 0.891 | 205.64% | 47.69% | 35.60% | 1.28 | 1.29 | 32.41% | 1.47 |
| 15 | LU0326422689 | BlackRock Global Funds - World Gold Fund A2 EUR Hedged | 0.584 | 0.867 | 173.49% | 40.28% | 33.66% | 1.14 | 1.15 | 29.16% | 1.38 |
| 16 | LU0326423224 | BlackRock Global Funds - World Gold Fund E2 EUR Hedged | 0.580 | 0.864 | 169.46% | 39.59% | 33.66% | 1.12 | 1.13 | 29.17% | 1.36 |
| 17 | LU0208853274 | JPMorgan Funds - Global Natural Resources Fund A (acc) - EUR | 0.580 | 0.610 | 70.01% | 19.69% | 18.69% | 0.95 | 0.87 | 20.44% | 0.96 |
| 18 | LU1578889864 | NINETY GLOBAL GOLD A ACC EUR | 0.569 | 0.845 | 186.31% | 43.22% | 34.07% | 1.21 | 1.19 | 32.28% | 1.34 |
| 19 | LU0604766674 | Allianz Global Metals and Mining AT EUR | 0.533 | 0.569 | 84.50% | 23.16% | 24.49% | 0.86 | 0.81 | 25.62% | 0.90 |
| 20 | LU0408222593 | BlackRock Global Funds - World Mining Fund A4 | 0.519 | 0.514 | 75.15% | 20.75% | 24.22% | 0.77 | 0.74 | 24.98% | 0.83 |
📊 Compared evolution (base 100)
❓ Frequently asked questions
How is the fund ranking calculated?
Each fund gets a composite score from 0 to 1 that combines risk-adjusted return (excess CAGR and Sortino), curve stability (R² and inverted volatility) and drawdown control (a non-linear penalty plus the Ulcer Index). Funds are then ordered by that score.
What does the score mean for E – Commodities funds?
A higher score means better relative behavior within the analyzed set: more stable growth and smaller drawdowns for the return achieved. It is a comparison tool, not an investment recommendation.
How often is the data updated?
The ranking is recomputed from daily NAV data each time the site is regenerated. This page was last updated on 02/06/2026.
Is this investment advice?
No. All content is educational and based on historical data. Past performance does not guarantee future results. Consult a licensed advisor before investing.