QQQ vs. UC15.L

Last updated Jun 9, 2026

QQQ (Invesco QQQ ETF) and UC15.L (UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc) are both exchange-traded funds - QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while UC15.L is a Commodities fund tracking the UBS CMCI. Both are passively managed. Over the past 10 years, QQQ returned 21.59%/yr vs 8.76%/yr for UC15.L. At a 0.21 correlation, their price movements are largely independent. QQQ charges 0.18%/yr vs 0.34%/yr for UC15.L.

Performance

QQQ vs. UC15.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ ETF (QQQ) and UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

QQQ is traded in USD, while UC15.L is traded in GBp. To make them comparable, the UC15.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, QQQ achieves a 16.71% return, which is significantly lower than UC15.L's 20.85% return. Over the past 10 years, QQQ has outperformed UC15.L with an annualized return of 21.59%, while UC15.L has yielded a comparatively lower 8.76% annualized return.

QQQ

• 1D: 1.56%
• 1M: 0.68%
• YTD: 16.71%
• 6M: 15.00%
• 1Y: 35.78%
• 3Y*: 27.15%
• 5Y*: 16.98%
• 10Y*: 21.59%

UC15.L

• 1D: 1.09%
• 1M: -1.35%
• YTD: 20.85%
• 6M: 22.12%
• 1Y: 28.98%
• 3Y*: 12.79%
• 5Y*: 11.31%
• 10Y*: 8.76%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQ vs. UC15.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QQQ Invesco QQQ ETF	16.71%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%
UC15.L UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc	20.85%	10.01%	4.66%	-1.58%	16.07%	34.87%	0.50%	9.54%	-11.09%	7.02%

Correlation

The correlation between QQQ and UC15.L is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Dec 21, 2010	0.21

The correlation between QQQ and UC15.L shifts across timeframes, from 0.05 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

QQQ vs. UC15.L - Sectors Allocation Comparison

Sectors	QQQ	UC15.L
Technology	53.8%	31.0%
Communication Services	15.8%	15.0%
Consumer Cyclical	12.3%	7.3%
Consumer Defensive	7.7%	3.7%
Healthcare	4.2%	9.8%
Industrials	2.8%	6.6%
Utilities	1.4%	1.1%
Basic Materials	1.1%	0.5%
Energy	0.6%	14.2%
Financial Services	0.2%	10.9%
Real Estate	0.1%	-

Return for Risk

QQQ vs. UC15.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQ

QQQ Risk / Return Rank: 69
QQQ Sharpe Ratio Rank: 74
QQQ Sortino Ratio Rank: 67
QQQ Omega Ratio Rank: 70
QQQ Calmar Ratio Rank: 66
QQQ Martin Ratio Rank: 68

UC15.L

UC15.L Risk / Return Rank: 78
UC15.L Sharpe Ratio Rank: 75
UC15.L Sortino Ratio Rank: 72
UC15.L Omega Ratio Rank: 75
UC15.L Calmar Ratio Rank: 90
UC15.L Martin Ratio Rank: 78

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.

QQQ vs. UC15.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ ETF (QQQ) and UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.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.

	QQQ	UC15.L	Difference
Sharpe ratio: Return per unit of total volatility	2.15	2.20	-0.04
Sortino ratio: Return per unit of downside risk	2.77	2.90	-0.13
Omega ratio: Gain probability vs. loss probability	1.38	1.39	-0.02
Calmar ratio: Return relative to maximum drawdown	3.00	5.20	-2.20
Martin ratio: Return relative to average drawdown	11.43	13.18	-1.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQ vs. UC15.L - Sharpe Ratio Comparison

The current QQQ Sharpe Ratio is 2.15, which is comparable to the UC15.L Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of QQQ and UC15.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.

Sharpe Ratios by Period

	QQQ	UC15.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	2.20	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.57	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.97	0.51	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.01	+0.39

Drawdowns

QQQ vs. UC15.L - Drawdown Comparison

The maximum QQQ drawdown since its inception was -82.97%, smaller than the maximum UC15.L drawdown of -98.90%. Use the drawdown chart below to compare losses from any high point for QQQ and UC15.L.

Drawdown Indicators

	QQQ	UC15.L	Difference
Max Drawdown Largest peak-to-trough decline	-82.97%	-98.90%	+15.93%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-5.55%	-6.41%
Max Drawdown (3Y) Largest decline over 3 years	-22.77%	-22.29%	-0.48%
Max Drawdown (5Y) Largest decline over 5 years	-35.12%	-22.29%	-12.83%
Max Drawdown (10Y) Largest decline over 10 years	-35.12%	-35.40%	+0.28%
Current Drawdown Current decline from peak	-4.03%	-4.52%	+0.49%
Average Drawdown Average peak-to-trough decline	-32.77%	-22.24%	-10.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	2.19%	+0.95%

Volatility

QQQ vs. UC15.L - Volatility Comparison

Invesco QQQ ETF (QQQ) has a higher volatility of 6.84% compared to UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L) at 5.00%. This indicates that QQQ's price experiences larger fluctuations and is considered to be riskier than UC15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQ	UC15.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.84%	5.00%	+1.84%
Volatility (6M) Calculated over the trailing 6-month period	13.20%	11.09%	+2.11%
Volatility (1Y) Calculated over the trailing 1-year period	16.74%	13.16%	+3.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.49%	19.83%	+2.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.36%	17.21%	+5.15%

QQQ vs. UC15.L - Expense Ratio Comparison

QQQ has a 0.18% expense ratio, which is lower than UC15.L's 0.34% expense ratio.

Dividends

QQQ vs. UC15.L - Dividend Comparison

QQQ's dividend yield for the trailing twelve months is around 0.39%, while UC15.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.39%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
UC15.L UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QQQ and UC15.L in my portfolio?

QQQ and UC15.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQ or UC15.L?

On fees, QQQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQ or UC15.L?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.34% for UC15.L.

What is the main difference between QQQ and UC15.L?

QQQ is categorized as Nasdaq-100, while UC15.L is Commodities. QQQ tracks NASDAQ-100 Index, while UC15.L tracks UBS CMCI. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.18% for QQQ and 0.34% for UC15.L.