SXRS.DE vs. UEQU.DE
SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) and UEQU.DE (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc) are both Commodities funds - SXRS.DE tracks the Bloomberg Commodity while UEQU.DE tracks the UBS CMCI Ex Agriculture Ex Livestock Capped. Both are passively managed. Over the past 5 years, SXRS.DE returned 12.06%/yr vs 14.40%/yr for UEQU.DE. Their correlation of 0.86 suggests significant overlap in exposure. SXRS.DE charges 0.19%/yr vs 0.34%/yr for UEQU.DE.
Performance
SXRS.DE vs. UEQU.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 UEQU.DE's 25.53% 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*
- —
UEQU.DE
- 1D
- -0.80%
- 1M
- 2.99%
- YTD
- 25.53%
- 6M
- 26.95%
- 1Y
- 40.51%
- 3Y*
- 14.81%
- 5Y*
- 14.40%
- 10Y*
- 10.80%
SXRS.DE vs. UEQU.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% |
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% | -8.74% |
Correlation
The correlation between SXRS.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 | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.86 |
The correlation between SXRS.DE and UEQU.DE has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
SXRS.DE vs. UEQU.DE — Risk / Return Rank
SXRS.DE
UEQU.DE
SXRS.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 (SXRS.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.
| SXRS.DE | UEQU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.46 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 6.29 | -2.29 |
| Martin ratioReturn relative to average drawdown | 8.95 | 15.25 | -6.30 |
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 | UEQU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 2.60 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.85 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.64 | -0.11 |
Drawdowns
SXRS.DE vs. UEQU.DE - Drawdown Comparison
The maximum SXRS.DE drawdown since its inception was -27.64%, smaller than the maximum UEQU.DE drawdown of -30.56%. Use the drawdown chart below to compare losses from any high point for SXRS.DE and UEQU.DE.
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Drawdown Indicators
| SXRS.DE | UEQU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.64% | -30.56% | +2.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.75% | -6.50% | -2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -15.66% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -27.56% | -22.44% | -5.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.56% | — |
Current DrawdownCurrent decline from peak | -4.99% | -1.21% | -3.78% |
Average DrawdownAverage peak-to-trough decline | -13.12% | -8.92% | -4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 2.69% | +1.23% |
Volatility
SXRS.DE vs. UEQU.DE - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a higher volatility of 5.76% compared to UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc (UEQU.DE) at 3.91%. This indicates that SXRS.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
| SXRS.DE | UEQU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 3.91% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 13.03% | +3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.76% | 15.73% | +3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 16.83% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.85% | 16.41% | -0.56% |
SXRS.DE vs. UEQU.DE - Expense Ratio Comparison
SXRS.DE has a 0.19% expense ratio, which is lower than UEQU.DE's 0.34% expense ratio.
Dividends
SXRS.DE vs. UEQU.DE - Dividend Comparison
Neither SXRS.DE nor UEQU.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, SXRS.DE and UEQU.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 0.34% for UEQU.DE.
SXRS.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: 0.19% for SXRS.DE and 0.34% for UEQU.DE.
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