EXXY.DE vs. M9SA.DE
EXXY.DE (iShares Diversified Commodity Swap UCITS ETF (DE)) and M9SA.DE (Market Access Rogers International Commodity UCITS ETF) are both Commodities funds - EXXY.DE tracks the Bloomberg Commodity while M9SA.DE tracks the Rogers International Commodity (RICI). Both are passively managed. Over the past 10 years, EXXY.DE returned 5.66%/yr vs 7.64%/yr for M9SA.DE. Their correlation of 0.83 suggests significant overlap in exposure. EXXY.DE charges 0.46%/yr vs 0.60%/yr for M9SA.DE.
Performance
EXXY.DE vs. M9SA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXXY.DE achieves a 23.43% return, which is significantly lower than M9SA.DE's 32.08% return. Over the past 10 years, EXXY.DE has underperformed M9SA.DE with an annualized return of 5.66%, while M9SA.DE has yielded a comparatively higher 7.64% annualized return.
EXXY.DE
- 1D
- -1.47%
- 1M
- -3.12%
- YTD
- 23.43%
- 6M
- 24.08%
- 1Y
- 33.97%
- 3Y*
- 11.64%
- 5Y*
- 11.46%
- 10Y*
- 5.66%
M9SA.DE
- 1D
- -1.46%
- 1M
- -3.15%
- YTD
- 32.08%
- 6M
- 32.39%
- 1Y
- 39.29%
- 3Y*
- 12.05%
- 5Y*
- 13.63%
- 10Y*
- 7.64%
EXXY.DE vs. M9SA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXXY.DE iShares Diversified Commodity Swap UCITS ETF (DE) | 23.43% | 3.90% | 10.13% | -10.90% | 21.43% | 38.49% | -14.34% | 8.73% | -6.18% | -12.20% |
M9SA.DE Market Access Rogers International Commodity UCITS ETF | 32.08% | -4.38% | 10.96% | -8.16% | 23.00% | 52.58% | -18.26% | 13.66% | -5.52% | -10.12% |
Correlation
The correlation between EXXY.DE and M9SA.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Aug 22, 2007 | 0.83 |
The correlation between EXXY.DE and M9SA.DE has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.
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Return for Risk
EXXY.DE vs. M9SA.DE — Risk / Return Rank
EXXY.DE
M9SA.DE
EXXY.DE vs. M9SA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE) and Market Access Rogers International Commodity UCITS ETF (M9SA.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.
| EXXY.DE | M9SA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 4.36 | -0.58 |
| Martin ratioReturn relative to average drawdown | 8.41 | 8.24 | +0.17 |
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
| EXXY.DE | M9SA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 1.77 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.70 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.42 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.07 | -0.05 |
Drawdowns
EXXY.DE vs. M9SA.DE - Drawdown Comparison
The maximum EXXY.DE drawdown since its inception was -65.58%, roughly equal to the maximum M9SA.DE drawdown of -68.53%. Use the drawdown chart below to compare losses from any high point for EXXY.DE and M9SA.DE.
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Drawdown Indicators
| EXXY.DE | M9SA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -68.53% | +2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -8.98% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.31% | -17.75% | +1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -28.03% | -27.06% | -0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -33.54% | -42.54% | +9.00% |
Current DrawdownCurrent decline from peak | -16.97% | -5.62% | -11.35% |
Average DrawdownAverage peak-to-trough decline | -40.08% | -33.68% | -6.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.03% | 4.76% | -0.73% |
Volatility
EXXY.DE vs. M9SA.DE - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE) and Market Access Rogers International Commodity UCITS ETF (M9SA.DE) have volatilities of 5.99% and 6.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXXY.DE | M9SA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 6.09% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 16.80% | 19.44% | -2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.98% | 22.09% | -3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 19.25% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 18.11% | -2.79% |
EXXY.DE vs. M9SA.DE - Expense Ratio Comparison
EXXY.DE has a 0.46% expense ratio, which is lower than M9SA.DE's 0.60% expense ratio.
Dividends
EXXY.DE vs. M9SA.DE - Dividend Comparison
Neither EXXY.DE nor M9SA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, EXXY.DE and M9SA.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, EXXY.DE is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXXY.DE is cheaper with a 0.46% expense ratio, compared with 0.60% for M9SA.DE.
EXXY.DE tracks Bloomberg Commodity, while M9SA.DE tracks Rogers International Commodity (RICI). They also come from different issuers: iShares and China Post Global. Their fees differ too: 0.46% for EXXY.DE and 0.60% for M9SA.DE.
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