EMEH.DE vs. UIQ1.DE
EMEH.DE (BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR) and UIQ1.DE (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (EUR Hedged) Acc) are both Commodities funds - EMEH.DE tracks the BNP Paribas Energy & Metals Enhanced Roll (EUR Hedged) while UIQ1.DE tracks the UBS CMCI Ex Agriculture Ex Livestock Capped (EUR Hedged). Both are passively managed. Over the past 5 years, EMEH.DE returned 11.35%/yr vs 10.90%/yr for UIQ1.DE. Their correlation of 0.91 suggests significant overlap in exposure. EMEH.DE charges 0.39%/yr vs 0.34%/yr for UIQ1.DE.
Performance
EMEH.DE vs. UIQ1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMEH.DE achieves a 21.33% return, which is significantly lower than UIQ1.DE's 22.64% return.
EMEH.DE
- 1D
- -0.55%
- 1M
- 0.49%
- YTD
- 21.33%
- 6M
- 22.74%
- 1Y
- 43.19%
- 3Y*
- 16.63%
- 5Y*
- 11.35%
- 10Y*
- —
UIQ1.DE
- 1D
- -1.00%
- 1M
- 1.33%
- YTD
- 22.64%
- 6M
- 25.07%
- 1Y
- 38.99%
- 3Y*
- 15.74%
- 5Y*
- 10.90%
- 10Y*
- —
EMEH.DE vs. UIQ1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMEH.DE BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR | 21.33% | 25.40% | 6.63% | -12.26% | 11.15% | 27.11% | -4.42% | 7.62% | -90.10% | 4.93% |
UIQ1.DE UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (EUR Hedged) Acc | 22.64% | 17.35% | 4.90% | -7.27% | 9.59% | 33.73% | -4.28% | 8.46% | -13.91% | 6.61% |
Correlation
The correlation between EMEH.DE and UIQ1.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2017 | 0.91 |
The correlation between EMEH.DE and UIQ1.DE has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
EMEH.DE vs. UIQ1.DE — Risk / Return Rank
EMEH.DE
UIQ1.DE
EMEH.DE vs. UIQ1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (EMEH.DE) and UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (EUR Hedged) Acc (UIQ1.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.
| EMEH.DE | UIQ1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.47 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.95 | 5.99 | -1.03 |
| Martin ratioReturn relative to average drawdown | 14.34 | 16.75 | -2.41 |
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
| EMEH.DE | UIQ1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 2.64 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.59 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.48 | 0.51 | -0.99 |
Drawdowns
EMEH.DE vs. UIQ1.DE - Drawdown Comparison
The maximum EMEH.DE drawdown since its inception was -92.42%, which is greater than UIQ1.DE's maximum drawdown of -39.99%. Use the drawdown chart below to compare losses from any high point for EMEH.DE and UIQ1.DE.
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Drawdown Indicators
| EMEH.DE | UIQ1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.42% | -39.99% | -52.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -6.62% | -2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -12.28% | -13.55% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | -30.51% | -2.22% |
Current DrawdownCurrent decline from peak | -80.34% | -2.05% | -78.29% |
Average DrawdownAverage peak-to-trough decline | -81.38% | -15.09% | -66.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 2.37% | +0.71% |
Volatility
EMEH.DE vs. UIQ1.DE - Volatility Comparison
BNP Paribas Easy Energy & Metals Enhanced Roll UCITS ETF EUR (EMEH.DE) has a higher volatility of 4.15% compared to UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (EUR Hedged) Acc (UIQ1.DE) at 3.79%. This indicates that EMEH.DE's price experiences larger fluctuations and is considered to be riskier than UIQ1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMEH.DE | UIQ1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 3.79% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 15.95% | 12.91% | +3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.83% | 15.03% | +2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 18.19% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.16% | 17.45% | +16.71% |
EMEH.DE vs. UIQ1.DE - Expense Ratio Comparison
EMEH.DE has a 0.39% expense ratio, which is higher than UIQ1.DE's 0.34% expense ratio.
Dividends
EMEH.DE vs. UIQ1.DE - Dividend Comparison
Neither EMEH.DE nor UIQ1.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, EMEH.DE and UIQ1.DE 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.
On fees, UIQ1.DE is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UIQ1.DE is cheaper with a 0.34% expense ratio, compared with 0.39% for EMEH.DE.
EMEH.DE tracks BNP Paribas Energy & Metals Enhanced Roll (EUR Hedged), while UIQ1.DE tracks UBS CMCI Ex Agriculture Ex Livestock Capped (EUR Hedged). They also come from different issuers: BNP Paribas and UBS. Their fees differ too: 0.39% for EMEH.DE and 0.34% for UIQ1.DE.
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