ROLG.L vs. UC90.L
ROLG.L (iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD) and UC90.L (UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc) are both Commodities funds - ROLG.L tracks the Bloomberg Roll Select Commodity while UC90.L tracks the UBS CMCI (GBP Hedged). Both are passively managed. Over the past 5 years, ROLG.L returned 14.55%/yr vs 10.87%/yr for UC90.L. A 0.70 correlation means they provide meaningful diversification when combined. ROLG.L charges 0.28%/yr vs 0.34%/yr for UC90.L.
Performance
ROLG.L vs. UC90.L - Performance Comparison
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Different Trading Currencies
ROLG.L is traded in GBP, while UC90.L is traded in GBp. To make them comparable, the UC90.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, ROLG.L achieves a 27.75% return, which is significantly higher than UC90.L's 21.40% return.
ROLG.L
- 1D
- -1.64%
- 1M
- -1.90%
- YTD
- 27.75%
- 6M
- 27.51%
- 1Y
- 44.31%
- 3Y*
- 14.24%
- 5Y*
- 14.55%
- 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%
ROLG.L vs. UC90.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ROLG.L iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD | 27.75% | 8.64% | 6.25% | -7.36% | 30.51% | 29.23% | -2.41% | 1.84% | -9.45% |
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% | -12.83% |
Correlation
The correlation between ROLG.L and UC90.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018 | 0.70 |
The correlation between ROLG.L and UC90.L shifts across timeframes, from 0.70 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ROLG.L vs. UC90.L — Risk / Return Rank
ROLG.L
UC90.L
ROLG.L vs. UC90.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.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.
| ROLG.L | UC90.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.44 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 6.47 | 6.33 | +0.15 |
| Martin ratioReturn relative to average drawdown | 18.28 | 14.07 | +4.21 |
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
| ROLG.L | UC90.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.65 | 2.43 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.74 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.38 | +0.20 |
Drawdowns
ROLG.L vs. UC90.L - Drawdown Comparison
The maximum ROLG.L drawdown since its inception was -22.66%, smaller than the maximum UC90.L drawdown of -41.45%. Use the drawdown chart below to compare losses from any high point for ROLG.L and UC90.L.
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Drawdown Indicators
| ROLG.L | UC90.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.66% | -41.45% | +18.79% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -4.79% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -13.27% | -11.47% | -1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | -19.19% | -0.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.26% | — |
Current DrawdownCurrent decline from peak | -4.56% | -4.67% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -13.18% | +4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.16% | +0.26% |
Volatility
ROLG.L vs. UC90.L - Volatility Comparison
iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) has a higher volatility of 5.90% compared to UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc (UC90.L) at 4.94%. This indicates that ROLG.L's price experiences larger fluctuations and is considered to be riskier 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
| ROLG.L | UC90.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 4.94% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 13.98% | 10.29% | +3.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.69% | 12.48% | +4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.69% | 14.75% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 14.23% | +2.75% |
ROLG.L vs. UC90.L - Expense Ratio Comparison
ROLG.L has a 0.28% expense ratio, which is lower than UC90.L's 0.34% expense ratio.
Dividends
ROLG.L vs. UC90.L - Dividend Comparison
Neither ROLG.L nor UC90.L has paid dividends to shareholders.
Frequently Asked Questions
ROLG.L and UC90.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ROLG.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ROLG.L is cheaper with a 0.28% expense ratio, compared with 0.34% for UC90.L.
ROLG.L tracks Bloomberg Roll Select Commodity, while UC90.L tracks UBS CMCI (GBP Hedged). They also come from different issuers: iShares and UBS. Their fees differ too: 0.28% for ROLG.L and 0.34% for UC90.L.
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