EXXY.DE vs. UEQU.DE
EXXY.DE (iShares Diversified Commodity Swap UCITS ETF (DE)) and UEQU.DE (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc) are both Commodities funds - EXXY.DE tracks the Bloomberg Commodity while UEQU.DE tracks the UBS CMCI Ex Agriculture Ex Livestock Capped. Both are passively managed. Over the past 10 years, EXXY.DE returned 5.66%/yr vs 10.80%/yr for UEQU.DE. Their correlation of 0.85 suggests significant overlap in exposure. EXXY.DE charges 0.46%/yr vs 0.34%/yr for UEQU.DE.
Performance
EXXY.DE vs. UEQU.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 UEQU.DE's 25.53% return. Over the past 10 years, EXXY.DE has underperformed UEQU.DE with an annualized return of 5.66%, while UEQU.DE has yielded a comparatively higher 10.80% 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%
UEQU.DE
- 1D
- -0.80%
- 1M
- 1.40%
- YTD
- 25.53%
- 6M
- 28.14%
- 1Y
- 41.09%
- 3Y*
- 14.81%
- 5Y*
- 14.40%
- 10Y*
- 10.80%
EXXY.DE vs. UEQU.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% |
UEQU.DE UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc | 25.53% | 6.36% | 13.03% | -8.33% | 20.34% | 46.31% | -10.57% | 14.71% | -7.23% | 1.50% |
Correlation
The correlation between EXXY.DE and UEQU.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 | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 12, 2016 | 0.85 |
The correlation between EXXY.DE and UEQU.DE has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
EXXY.DE vs. UEQU.DE — Risk / Return Rank
EXXY.DE
UEQU.DE
EXXY.DE vs. UEQU.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 UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc (UEQU.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 | UEQU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.46 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 6.29 | -2.52 |
| Martin ratioReturn relative to average drawdown | 8.41 | 15.25 | -6.84 |
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 | UEQU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 2.60 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.85 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.66 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.64 | -0.63 |
Drawdowns
EXXY.DE vs. UEQU.DE - Drawdown Comparison
The maximum EXXY.DE drawdown since its inception was -65.58%, which is greater than UEQU.DE's maximum drawdown of -30.56%. Use the drawdown chart below to compare losses from any high point for EXXY.DE and UEQU.DE.
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Drawdown Indicators
| EXXY.DE | UEQU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -30.56% | -35.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -6.50% | -2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -16.31% | -15.66% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -28.03% | -22.44% | -5.59% |
Max Drawdown (10Y)Largest decline over 10 years | -33.54% | -30.56% | -2.98% |
Current DrawdownCurrent decline from peak | -16.97% | -1.21% | -15.76% |
Average DrawdownAverage peak-to-trough decline | -40.08% | -8.92% | -31.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.03% | 2.69% | +1.34% |
Volatility
EXXY.DE vs. UEQU.DE - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE) has a higher volatility of 5.99% compared to UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc (UEQU.DE) at 3.91%. This indicates that EXXY.DE's price experiences larger fluctuations and is considered to be riskier than UEQU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXXY.DE | UEQU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 3.91% | +2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 16.80% | 13.03% | +3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.98% | 15.73% | +3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.55% | 16.83% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.32% | 16.41% | -1.09% |
EXXY.DE vs. UEQU.DE - Expense Ratio Comparison
EXXY.DE has a 0.46% expense ratio, which is higher than UEQU.DE's 0.34% expense ratio.
Dividends
EXXY.DE vs. UEQU.DE - Dividend Comparison
Neither EXXY.DE nor UEQU.DE has paid dividends to shareholders.
Frequently Asked Questions
EXXY.DE and UEQU.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEQU.DE is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEQU.DE is cheaper with a 0.34% expense ratio, compared with 0.46% for EXXY.DE.
EXXY.DE tracks Bloomberg Commodity, while UEQU.DE tracks UBS CMCI Ex Agriculture Ex Livestock Capped. They also come from different issuers: iShares and UBS. Their fees differ too: 0.46% for EXXY.DE and 0.34% for UEQU.DE.
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