EUFM.L vs. UD08.L
EUFM.L (UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc) and UD08.L (UBS ETF (IE) CMCI ex-Agriculture 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 UD08.L is a Commodities fund tracking the UBS CMCI Ex-Agriculture Ex-Livestock Capped (GBP Hedged). Both are passively managed. Over the past 5 years, EUFM.L returned 9.84%/yr vs 11.35%/yr for UD08.L. At a 0.22 correlation, their price movements are largely independent. Both charge a 0.34% expense ratio.
Performance
EUFM.L vs. UD08.L - Performance Comparison
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Returns By Period
In the year-to-date period, EUFM.L achieves a 8.36% return, which is significantly lower than UD08.L's 18.69% return.
EUFM.L
- 1D
- -0.36%
- 1M
- 0.44%
- YTD
- 8.36%
- 6M
- 9.00%
- 1Y
- 19.53%
- 3Y*
- 16.34%
- 5Y*
- 9.84%
- 10Y*
- —
UD08.L
- 1D
- -0.14%
- 1M
- -3.43%
- YTD
- 18.69%
- 6M
- 18.55%
- 1Y
- 32.21%
- 3Y*
- 15.89%
- 5Y*
- 11.35%
- 10Y*
- —
EUFM.L vs. UD08.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EUFM.L UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc | 8.36% | 29.59% | 3.25% | 15.45% | -7.82% | 13.50% | 5.84% | 19.11% | -20.89% |
UD08.L UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc | 18.69% | 18.86% | 6.39% | -6.29% | 12.33% | 33.73% | -3.77% | 7.94% | -14.18% |
Correlation
The correlation between EUFM.L and UD08.L is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2018 | 0.22 |
The correlation between EUFM.L and UD08.L shifts across timeframes, from -0.03 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUFM.L vs. UD08.L — Risk / Return Rank
EUFM.L
UD08.L
EUFM.L vs. UD08.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 ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc (UD08.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.
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.
| EUFM.L | UD08.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.39 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 4.53 | -2.75 |
| Martin ratioReturn relative to average drawdown | 6.41 | 14.12 | -7.71 |
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Drawdowns
EUFM.L vs. UD08.L - Drawdown Comparison
The maximum EUFM.L drawdown since its inception was -34.44%, smaller than the maximum UD08.L drawdown of -40.62%. Use the drawdown chart below to compare losses from any high point for EUFM.L and UD08.L.
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Drawdown Indicators
| EUFM.L | UD08.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.44% | -40.62% | +6.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.59% | -6.43% | -4.16% |
Max Drawdown (3Y)Largest decline over 3 years | -14.91% | -13.21% | -1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -20.86% | -24.66% | +3.80% |
Current DrawdownCurrent decline from peak | -1.26% | -6.16% | +4.90% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -12.22% | +4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 1.99% | +0.95% |
Volatility
EUFM.L vs. UD08.L - Volatility Comparison
The current volatility for UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L) is 2.61%, while UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc (UD08.L) has a volatility of 4.03%. This indicates that EUFM.L experiences smaller price fluctuations and is considered to be less risky than UD08.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.L | UD08.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 4.03% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 10.41% | 12.00% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.29% | 14.30% | -2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.06% | 17.18% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 17.11% | +1.30% |
EUFM.L vs. UD08.L - Expense Ratio Comparison
Both EUFM.L and UD08.L have an expense ratio of 0.34%.
Dividends
EUFM.L vs. UD08.L - Dividend Comparison
Neither EUFM.L nor UD08.L has paid dividends to shareholders.
Frequently Asked Questions
EUFM.L and UD08.L have a correlation of -0.03, 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 UD08.L have the same expense ratio: 0.34% per year.
EUFM.L is categorized as Europe Equities, while UD08.L is Commodities. EUFM.L tracks MSCI EMU NR EUR, while UD08.L tracks UBS CMCI Ex-Agriculture Ex-Livestock Capped (GBP Hedged).
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