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EUFM.L vs. UC90.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUFM.L vs. UC90.L

Last updated Jun 5, 2026

EUFM.L (UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc) and UC90.L (UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc) are both exchange-traded funds - EUFM.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while UC90.L is a Commodities fund tracking the UBS CMCI (GBP Hedged). Both are passively managed. Over the past 5 years, EUFM.L returned 9.69%/yr vs 10.87%/yr for UC90.L. At a 0.20 correlation, their price movements are largely independent. Both charge a 0.34% expense ratio.

Performance

EUFM.L vs. UC90.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L) and UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc (UC90.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EUFM.L achieves a 6.74% return, which is significantly lower than UC90.L's 21.40% return.

EUFM.L

1D
0.21%
1M
2.81%
YTD
6.74%
6M
8.89%
1Y
16.80%
3Y*
15.42%
5Y*
9.69%
10Y*
—

UC90.L

1D
-1.30%
1M
-1.81%
YTD
21.40%
6M
22.49%
1Y
30.42%
3Y*
12.90%
5Y*
10.87%
10Y*
7.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUFM.L vs. UC90.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
EUFM.L
UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc		6.74%29.59%3.25%15.45%-7.82%13.50%5.84%19.11%-12.29%
UC90.L
UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc		21.40%9.58%4.52%-2.02%14.86%33.21%-1.26%5.91%-11.31%

Correlation

The correlation between EUFM.L and UC90.L is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.20

Correlation (3Y)
Calculated over the trailing 3-year period

0.04

Correlation (5Y)
Calculated over the trailing 5-year period

0.11

Correlation (All Time)
Calculated using the full available price history since Jul 10, 2018

0.20

The correlation between EUFM.L and UC90.L shifts across timeframes, from -0.20 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

EUFM.L vs. UC90.L - Sectors Allocation Comparison

Sectors
EUFM.L
UC90.L

Financial Services

26.7%
10.9%

Industrials

23.5%
6.6%

Utilities

9.5%
1.1%

Technology

8.5%
31.0%

Consumer Defensive

6.7%
3.7%

Consumer Cyclical

6.6%
7.3%

Basic Materials

4.8%
0.5%

Healthcare

4.3%
9.8%

Communication Services

4.2%
15.0%

Energy

3.7%
14.2%

Real Estate

1.6%

-

Financial Services

EUFM.L
26.7%
UC90.L
10.9%

Industrials

EUFM.L
23.5%
UC90.L
6.6%

Utilities

EUFM.L
9.5%
UC90.L
1.1%

Technology

EUFM.L
8.5%
UC90.L
31.0%

Consumer Defensive

EUFM.L
6.7%
UC90.L
3.7%

Consumer Cyclical

EUFM.L
6.6%
UC90.L
7.3%

Basic Materials

EUFM.L
4.8%
UC90.L
0.5%

Healthcare

EUFM.L
4.3%
UC90.L
9.8%

Communication Services

EUFM.L
4.2%
UC90.L
15.0%

Energy

EUFM.L
3.7%
UC90.L
14.2%

Real Estate

EUFM.L
1.6%
UC90.L

-

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UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc

UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc

Often compared with EUFM.L:
EUFM.L vs. IBC0.DEEUFM.L vs. CEMT.DEEUFM.L vs. D5BL.DEEUFM.L vs. UB01.LEUFM.L vs. ZPRX.DEEUFM.L vs. XLKEUFM.L vs. PRAZ.DE
Often compared with UC90.L:
UC90.L vs. ROLG.LUC90.L vs. AIGC.LUC90.L vs. BCOG.LUC90.L vs. XDBG.LUC90.L vs. XFRM.LUC90.L vs. ENCG.LUC90.L vs. XBCU.L

Return for Risk

EUFM.L vs. UC90.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EUFM.L
EUFM.L Risk / Return Rank: 3737
Overall Rank
EUFM.L Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
EUFM.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
EUFM.L Omega Ratio Rank: 4141
Omega Ratio Rank
EUFM.L Calmar Ratio Rank: 3333
Calmar Ratio Rank
EUFM.L Martin Ratio Rank: 3737
Martin Ratio Rank
UC90.L
UC90.L Risk / Return Rank: 7878
Overall Rank
UC90.L Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
UC90.L Sortino Ratio Rank: 7272
Sortino Ratio Rank
UC90.L Omega Ratio Rank: 7575
Omega Ratio Rank
UC90.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
UC90.L Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUFM.L vs. UC90.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L) and UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc (UC90.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.

EUFM.LUC90.LDifference
Sharpe ratioReturn per unit of total volatility
1.36
2.43

-1.07

Sortino ratioReturn per unit of downside risk
1.90
3.21

-1.31

Omega ratioGain probability vs. loss probability

1.26

1.44

-0.18

Calmar ratioReturn relative to maximum drawdown

1.58

6.33

-4.75

Martin ratioReturn relative to average drawdown

5.69

14.07

-8.38

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUFM.L vs. UC90.L - Sharpe Ratio Comparison

The current EUFM.L Sharpe Ratio is 1.36, which is lower than the UC90.L Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of EUFM.L and UC90.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EUFM.LUC90.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.36

2.43

-1.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

0.74

-0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.53

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.38

+0.15

Drawdowns

EUFM.L vs. UC90.L - Drawdown Comparison

The maximum EUFM.L drawdown since its inception was -30.14%, smaller than the maximum UC90.L drawdown of -41.45%. Use the drawdown chart below to compare losses from any high point for EUFM.L and UC90.L.

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Drawdown Indicators

EUFM.LUC90.LDifference

Max Drawdown

Largest peak-to-trough decline

-30.14%

-41.45%

+11.31%

Max Drawdown (1Y)

Largest decline over 1 year

-10.59%

-4.79%

-5.80%

Max Drawdown (3Y)

Largest decline over 3 years

-11.90%

-11.47%

-0.43%

Max Drawdown (5Y)

Largest decline over 5 years

-20.86%

-19.19%

-1.67%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.26%

—

Current Drawdown

Current decline from peak

-1.07%

-4.67%

+3.60%

Average Drawdown

Average peak-to-trough decline

-5.19%

-13.18%

+7.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.95%

2.16%

+0.79%

Volatility

EUFM.L vs. UC90.L - Volatility Comparison

The current volatility for UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L) is 4.00%, while UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc (UC90.L) has a volatility of 4.94%. This indicates that EUFM.L experiences smaller price fluctuations and is considered to be less risky than UC90.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EUFM.LUC90.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.00%

4.94%

-0.94%

Volatility (6M)

Calculated over the trailing 6-month period

10.33%

10.29%

+0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

12.33%

12.48%

-0.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.53%

14.75%

-0.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.13%

14.23%

+1.90%

EUFM.L vs. UC90.L - Expense Ratio Comparison

Both EUFM.L and UC90.L have an expense ratio of 0.34%.

Dividends

EUFM.L vs. UC90.L - Dividend Comparison

Neither EUFM.L nor UC90.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

EUFM.L and UC90.L have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.34% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

EUFM.L and UC90.L have the same expense ratio: 0.34% per year.

EUFM.L is categorized as Europe Equities, while UC90.L is Commodities. EUFM.L tracks MSCI EMU NR EUR, while UC90.L tracks UBS CMCI (GBP Hedged).

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