ROLL.L vs. UC15.L
ROLL.L (iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF) and UC15.L (UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc) are both Commodities funds - ROLL.L tracks the iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF while UC15.L tracks the UBS CMCI. Both are passively managed. Over the past 5 years, ROLL.L returned 12.62%/yr vs 11.52%/yr for UC15.L. Their correlation of 0.85 suggests significant overlap in exposure. ROLL.L charges 0.28%/yr vs 0.34%/yr for UC15.L.
Performance
ROLL.L vs. UC15.L - Performance Comparison
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Different Trading Currencies
ROLL.L 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, ROLL.L achieves a 23.85% return, which is significantly higher than UC15.L's 21.34% return.
ROLL.L
- 1D
- 0.55%
- 1M
- 1.79%
- 6M
- 17.06%
- YTD
- 23.85%
- 1Y
- 34.95%
- 3Y*
- 14.61%
- 5Y*
- 12.62%
- 10Y*
- —
UC15.L
- 1D
- 0.78%
- 1M
- 3.66%
- 6M
- 17.89%
- YTD
- 21.34%
- 1Y
- 27.74%
- 3Y*
- 11.57%
- 5Y*
- 11.52%
- 10Y*
- 8.97%
ROLL.L vs. UC15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ROLL.L iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF | 23.85% | 16.94% | 4.68% | -2.22% | 16.67% | 27.69% | 0.83% | 5.26% | -11.11% |
UC15.L UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc | 21.34% | 10.01% | 4.66% | -1.58% | 16.07% | 34.87% | 0.50% | 9.54% | -12.70% |
Correlation
The correlation between ROLL.L and UC15.L is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2018 | 0.85 |
The correlation between ROLL.L and UC15.L has been stable across timeframes, ranging from 0.85 to 0.86 - a consistent structural relationship.
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Return for Risk
ROLL.L vs. UC15.L — Risk / Return Rank
ROLL.L
UC15.L
ROLL.L vs. UC15.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF (ROLL.L) 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.
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.
| ROLL.L | UC15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.69 | -0.19 |
| Martin ratioReturn relative to average drawdown | 8.63 | 9.30 | -0.66 |
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Drawdowns
ROLL.L vs. UC15.L - Drawdown Comparison
The maximum ROLL.L drawdown since its inception was -26.90%, smaller than the maximum UC15.L drawdown of -98.90%. Use the drawdown chart below to compare losses from any high point for ROLL.L and UC15.L.
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Drawdown Indicators
| ROLL.L | UC15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.90% | -98.90% | +72.00% |
Max Drawdown (1Y)Largest decline over 1 year | -13.94% | -10.27% | -3.67% |
Max Drawdown (3Y)Largest decline over 3 years | -13.94% | -22.29% | +8.35% |
Max Drawdown (5Y)Largest decline over 5 years | -20.45% | -22.29% | +1.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.40% | — |
Current DrawdownCurrent decline from peak | -7.46% | -4.13% | -3.33% |
Average DrawdownAverage peak-to-trough decline | -9.17% | -22.14% | +12.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 2.98% | +1.06% |
Volatility
ROLL.L vs. UC15.L - Volatility Comparison
iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF (ROLL.L) has a higher volatility of 4.60% compared to UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L) at 4.00%. This indicates that ROLL.L'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.
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Volatility by Period
| ROLL.L | UC15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 4.00% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 14.48% | 11.40% | +3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.55% | 13.23% | +3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.16% | 19.82% | -3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.96% | 17.19% | -2.23% |
ROLL.L vs. UC15.L - Expense Ratio Comparison
ROLL.L has a 0.28% expense ratio, which is lower than UC15.L's 0.34% expense ratio.
Dividends
ROLL.L vs. UC15.L - Dividend Comparison
Neither ROLL.L nor UC15.L has paid dividends to shareholders.
Frequently Asked Questions
ROLL.L and UC15.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ROLL.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ROLL.L is cheaper with a 0.28% expense ratio, compared with 0.34% for UC15.L.
ROLL.L tracks iShares Bloomberg Enhanced Roll Yield Commodity Swap UCITS ETF, while UC15.L tracks UBS CMCI. They also come from different issuers: iShares and UBS. Their fees differ too: 0.28% for ROLL.L and 0.34% for UC15.L.
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