ETLF.DE vs. UIQ1.DE
ETLF.DE (L&G All Commodities UCITS ETF) and UIQ1.DE (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (EUR Hedged) Acc) are both Commodities funds - ETLF.DE tracks the Bloomberg Commodity while UIQ1.DE tracks the UBS CMCI Ex Agriculture Ex Livestock Capped (EUR Hedged). Both are passively managed. Over the past 5 years, ETLF.DE returned 12.26%/yr vs 10.90%/yr for UIQ1.DE. A 0.69 correlation means they provide meaningful diversification when combined. ETLF.DE charges 0.15%/yr vs 0.34%/yr for UIQ1.DE.
Performance
ETLF.DE vs. UIQ1.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ETLF.DE having a 23.78% return and UIQ1.DE slightly lower at 22.64%.
ETLF.DE
- 1D
- -1.48%
- 1M
- -0.32%
- YTD
- 23.78%
- 6M
- 22.90%
- 1Y
- 34.57%
- 3Y*
- 12.51%
- 5Y*
- 12.26%
- 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*
- —
ETLF.DE vs. UIQ1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETLF.DE L&G All Commodities UCITS ETF | 23.78% | 4.67% | 10.97% | -10.24% | 21.51% | 40.15% | -13.51% | 9.35% | -5.45% | 2.32% |
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% | 11.92% |
Correlation
The correlation between ETLF.DE and UIQ1.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2017 | 0.69 |
The correlation between ETLF.DE and UIQ1.DE has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.
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Return for Risk
ETLF.DE vs. UIQ1.DE — Risk / Return Rank
ETLF.DE
UIQ1.DE
ETLF.DE vs. UIQ1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G All Commodities UCITS ETF (ETLF.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.
| ETLF.DE | UIQ1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.47 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 5.99 | -2.03 |
| Martin ratioReturn relative to average drawdown | 8.79 | 16.75 | -7.96 |
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
| ETLF.DE | UIQ1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 2.64 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.59 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.51 | +0.02 |
Drawdowns
ETLF.DE vs. UIQ1.DE - Drawdown Comparison
The maximum ETLF.DE drawdown since its inception was -28.78%, smaller than the maximum UIQ1.DE drawdown of -39.99%. Use the drawdown chart below to compare losses from any high point for ETLF.DE and UIQ1.DE.
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Drawdown Indicators
| ETLF.DE | UIQ1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.78% | -39.99% | +11.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.80% | -6.62% | -2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -15.96% | -13.55% | -2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -27.00% | -30.51% | +3.51% |
Current DrawdownCurrent decline from peak | -4.91% | -2.05% | -2.86% |
Average DrawdownAverage peak-to-trough decline | -12.13% | -15.09% | +2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 2.37% | +1.60% |
Volatility
ETLF.DE vs. UIQ1.DE - Volatility Comparison
L&G All Commodities UCITS ETF (ETLF.DE) has a higher volatility of 5.93% compared to UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (EUR Hedged) Acc (UIQ1.DE) at 3.79%. This indicates that ETLF.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
| ETLF.DE | UIQ1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 3.79% | +2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 16.60% | 12.91% | +3.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.79% | 15.03% | +3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 18.19% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 17.45% | -1.86% |
ETLF.DE vs. UIQ1.DE - Expense Ratio Comparison
ETLF.DE has a 0.15% expense ratio, which is lower than UIQ1.DE's 0.34% expense ratio.
Dividends
ETLF.DE vs. UIQ1.DE - Dividend Comparison
Neither ETLF.DE nor UIQ1.DE has paid dividends to shareholders.
Frequently Asked Questions
ETLF.DE and UIQ1.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLF.DE is cheaper with a 0.15% expense ratio, compared with 0.34% for UIQ1.DE.
ETLF.DE tracks Bloomberg Commodity, while UIQ1.DE tracks UBS CMCI Ex Agriculture Ex Livestock Capped (EUR Hedged). They also come from different issuers: Legal & General and UBS. Their fees differ too: 0.15% for ETLF.DE and 0.34% for UIQ1.DE.
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