UC15.L vs. BCOM.L
UC15.L (UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc) and BCOM.L (L&G All Commodities UCITS ETF - USD Accumulating ETF) are both Commodities funds - UC15.L tracks the UBS CMCI while BCOM.L tracks the Bloomberg Commodity Index Total Return. Both are passively managed. Over the past 5 years, UC15.L returned 11.88%/yr vs 10.75%/yr for BCOM.L. A 0.76 correlation means they provide meaningful diversification when combined. UC15.L charges 0.34%/yr vs 0.15%/yr for BCOM.L.
Performance
UC15.L vs. BCOM.L - Performance Comparison
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Different Trading Currencies
UC15.L is traded in GBp, while BCOM.L is traded in USD. To make them comparable, the BCOM.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with UC15.L having a 20.64% return and BCOM.L slightly lower at 19.63%.
UC15.L
- 1D
- -0.36%
- 1M
- 2.73%
- 6M
- 17.07%
- YTD
- 20.64%
- 1Y
- 26.28%
- 3Y*
- 10.34%
- 5Y*
- 11.88%
- 10Y*
- 8.67%
BCOM.L
- 1D
- 0.00%
- 1M
- 0.63%
- 6M
- 14.57%
- YTD
- 19.63%
- 1Y
- 28.48%
- 3Y*
- 11.29%
- 5Y*
- 10.75%
- 10Y*
- —
UC15.L vs. BCOM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UC15.L UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc | 20.64% | 2.29% | 6.44% | -6.52% | 29.97% | 36.11% | -2.49% | 5.31% | -5.75% | 7.76% |
BCOM.L L&G All Commodities UCITS ETF - USD Accumulating ETF | 19.63% | 7.91% | 6.26% | -11.88% | 29.38% | 28.55% | -5.84% | 1.14% | -4.53% | 2.60% |
Correlation
The correlation between UC15.L and BCOM.L is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2017 | 0.76 |
The correlation between UC15.L and BCOM.L shifts across timeframes, from 0.76 (all time) to 0.87 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UC15.L vs. BCOM.L — Risk / Return Rank
UC15.L
BCOM.L
UC15.L vs. BCOM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L) and L&G All Commodities UCITS ETF - USD Accumulating ETF (BCOM.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.
| UC15.L | BCOM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.28 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 2.18 | +0.95 |
| Martin ratioReturn relative to average drawdown | 9.85 | 6.67 | +3.17 |
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Drawdowns
UC15.L vs. BCOM.L - Drawdown Comparison
The maximum UC15.L drawdown since its inception was -98.86%, which is greater than BCOM.L's maximum drawdown of -27.79%. Use the drawdown chart below to compare losses from any high point for UC15.L and BCOM.L.
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Drawdown Indicators
| UC15.L | BCOM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.86% | -27.79% | -71.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.36% | -12.97% | +4.61% |
Max Drawdown (3Y)Largest decline over 3 years | -25.74% | -14.40% | -11.34% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -27.75% | +2.01% |
Max Drawdown (10Y)Largest decline over 10 years | -30.26% | — | — |
Current DrawdownCurrent decline from peak | -4.21% | -9.06% | +4.85% |
Average DrawdownAverage peak-to-trough decline | -17.16% | -11.31% | -5.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 4.24% | -1.58% |
Volatility
UC15.L vs. BCOM.L - Volatility Comparison
The current volatility for UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L) is 3.56%, while L&G All Commodities UCITS ETF - USD Accumulating ETF (BCOM.L) has a volatility of 4.14%. This indicates that UC15.L experiences smaller price fluctuations and is considered to be less risky than BCOM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UC15.L | BCOM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.56% | 4.14% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 11.57% | 15.60% | -4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.69% | 17.79% | -4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.61% | 17.00% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.25% | 16.02% | +1.23% |
UC15.L vs. BCOM.L - Expense Ratio Comparison
UC15.L has a 0.34% expense ratio, which is higher than BCOM.L's 0.15% expense ratio.
Dividends
UC15.L vs. BCOM.L - Dividend Comparison
Neither UC15.L nor BCOM.L has paid dividends to shareholders.
Frequently Asked Questions
UC15.L and BCOM.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BCOM.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BCOM.L is cheaper with a 0.15% expense ratio, compared with 0.34% for UC15.L.
UC15.L tracks UBS CMCI, while BCOM.L tracks Bloomberg Commodity Index Total Return. They also come from different issuers: UBS and L&G. Their fees differ too: 0.34% for UC15.L and 0.15% for BCOM.L.
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