SXRS.DE vs. M9SA.DE
SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) and M9SA.DE (Market Access Rogers International Commodity UCITS ETF) are both Commodities funds - SXRS.DE tracks the Bloomberg Commodity while M9SA.DE tracks the Rogers International Commodity (RICI). Both are passively managed. Over the past 5 years, SXRS.DE returned 12.06%/yr vs 13.63%/yr for M9SA.DE. Their correlation of 0.90 suggests significant overlap in exposure. SXRS.DE charges 0.19%/yr vs 0.60%/yr for M9SA.DE.
Performance
SXRS.DE vs. M9SA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRS.DE achieves a 23.84% return, which is significantly lower than M9SA.DE's 32.08% return.
SXRS.DE
- 1D
- -1.56%
- 1M
- -0.35%
- YTD
- 23.84%
- 6M
- 22.88%
- 1Y
- 34.67%
- 3Y*
- 12.54%
- 5Y*
- 12.06%
- 10Y*
- —
M9SA.DE
- 1D
- -1.46%
- 1M
- -0.03%
- YTD
- 32.08%
- 6M
- 31.52%
- 1Y
- 38.16%
- 3Y*
- 12.05%
- 5Y*
- 13.63%
- 10Y*
- 7.64%
SXRS.DE vs. M9SA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 23.84% | 4.72% | 10.95% | -10.44% | 20.69% | 40.00% | -13.37% | 9.72% | -6.15% |
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% | -8.46% |
Correlation
The correlation between SXRS.DE and M9SA.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.90 |
The correlation between SXRS.DE and M9SA.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
SXRS.DE vs. M9SA.DE — Risk / Return Rank
SXRS.DE
M9SA.DE
SXRS.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 (SXRS.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.
| SXRS.DE | M9SA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 4.36 | -0.35 |
| Martin ratioReturn relative to average drawdown | 8.95 | 8.24 | +0.71 |
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
| SXRS.DE | M9SA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.77 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.70 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.07 | +0.47 |
Drawdowns
SXRS.DE vs. M9SA.DE - Drawdown Comparison
The maximum SXRS.DE drawdown since its inception was -27.64%, smaller than the maximum M9SA.DE drawdown of -68.53%. Use the drawdown chart below to compare losses from any high point for SXRS.DE and M9SA.DE.
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Drawdown Indicators
| SXRS.DE | M9SA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.64% | -68.53% | +40.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -8.98% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -17.75% | +1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -27.56% | -27.06% | -0.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.54% | — |
Current DrawdownCurrent decline from peak | -4.99% | -5.62% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -13.12% | -33.68% | +20.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 4.76% | -0.84% |
Volatility
SXRS.DE vs. M9SA.DE - Volatility Comparison
The current volatility for iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) is 5.76%, while Market Access Rogers International Commodity UCITS ETF (M9SA.DE) has a volatility of 6.09%. This indicates that SXRS.DE experiences smaller price fluctuations and is considered to be less risky than M9SA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRS.DE | M9SA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 6.09% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 19.44% | -2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 22.09% | -3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 19.25% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 18.11% | -2.26% |
SXRS.DE vs. M9SA.DE - Expense Ratio Comparison
SXRS.DE has a 0.19% expense ratio, which is lower than M9SA.DE's 0.60% expense ratio.
Dividends
SXRS.DE vs. M9SA.DE - Dividend Comparison
Neither SXRS.DE nor M9SA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, SXRS.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, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.60% for M9SA.DE.
SXRS.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: 0.19% for SXRS.DE and 0.60% for M9SA.DE.
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