CCRV vs. UEQU.DE
CCRV (iShares Commodity Curve Carry Strategy ETF) and UEQU.DE (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc) are both Commodities funds - CCRV tracks the CCRV-US - ICE BofA Commodity Enhanced Carry Index while UEQU.DE tracks the UBS CMCI Ex Agriculture Ex Livestock Capped. Both are passively managed. A 0.58 correlation means they provide meaningful diversification when combined. CCRV charges 0.40%/yr vs 0.34%/yr for UEQU.DE.
Performance
CCRV vs. UEQU.DE - Performance Comparison
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Different Trading Currencies
CCRV is traded in USD, while UEQU.DE is traded in EUR. To make them comparable, the UEQU.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
CCRV
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UEQU.DE
- 1D
- -1.82%
- 1M
- -7.88%
- YTD
- 14.36%
- 6M
- 16.37%
- 1Y
- 25.57%
- 3Y*
- 14.97%
- 5Y*
- 11.49%
- 10Y*
- 10.10%
CCRV vs. UEQU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CCRV iShares Commodity Curve Carry Strategy ETF | 0.00% | -0.05% | 5.74% | 5.47% | 19.91% | 33.78% | 7.16% |
UEQU.DE UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc | 14.36% | 20.07% | 6.57% | -5.43% | 13.71% | 34.77% | 7.06% |
Correlation
The correlation between CCRV and UEQU.DE is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020 | 0.58 |
Over the past year, the correlation between CCRV and UEQU.DE has dropped to 0.09 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
CCRV vs. UEQU.DE — Risk / Return Rank
CCRV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UEQU.DE
CCRV vs. UEQU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Commodity Curve Carry Strategy ETF (CCRV) and UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc (UEQU.DE). 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.
| CCRV | UEQU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.61 | — |
| Martin ratioReturn relative to average drawdown | — | 10.34 | — |
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Drawdowns
CCRV vs. UEQU.DE - Drawdown Comparison
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Drawdown Indicators
| CCRV | UEQU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -36.05% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.74% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.00% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.05% | — |
Current DrawdownCurrent decline from peak | — | -9.74% | — |
Average DrawdownAverage peak-to-trough decline | — | -9.88% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.47% | — |
Volatility
CCRV vs. UEQU.DE - Volatility Comparison
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Volatility by Period
| CCRV | UEQU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.29% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 15.44% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 17.28% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 17.72% | — |
CCRV vs. UEQU.DE - Expense Ratio Comparison
CCRV has a 0.40% expense ratio, which is higher than UEQU.DE's 0.34% expense ratio.
Dividends
CCRV vs. UEQU.DE - Dividend Comparison
Neither CCRV nor UEQU.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CCRV iShares Commodity Curve Carry Strategy ETF | 0.00% | 0.00% | 4.43% | 7.26% | 33.27% | 26.22% |
UEQU.DE UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CCRV and UEQU.DE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEQU.DE is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEQU.DE is cheaper with a 0.34% expense ratio, compared with 0.40% for CCRV.
CCRV tracks CCRV-US - ICE BofA Commodity Enhanced Carry Index, while UEQU.DE tracks UBS CMCI Ex Agriculture Ex Livestock Capped. They also come from different issuers: iShares and UBS. Their fees differ too: 0.40% for CCRV and 0.34% for UEQU.DE.
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