PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
UC15.L vs. UB03.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UC15.L vs. UB03.L

Last updated Jun 5, 2026

UC15.L (UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc) and UB03.L (UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis) are both exchange-traded funds - UC15.L is a Commodities fund tracking the UBS CMCI, while UB03.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, UC15.L returned 9.68%/yr vs 8.91%/yr for UB03.L. At a 0.14 correlation, their price movements are largely independent. UC15.L charges 0.34%/yr vs 0.20%/yr for UB03.L.

Performance

UC15.L vs. UB03.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L) and UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis (UB03.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, UC15.L achieves a 21.49% return, which is significantly higher than UB03.L's 5.64% return. Over the past 10 years, UC15.L has outperformed UB03.L with an annualized return of 9.68%, while UB03.L has yielded a comparatively lower 8.91% annualized return.

UC15.L

1D
-1.31%
1M
-0.91%
YTD
21.49%
6M
22.05%
1Y
32.45%
3Y*
10.32%
5Y*
12.77%
10Y*
9.68%

UB03.L

1D
0.29%
1M
1.62%
YTD
5.64%
6M
8.14%
1Y
20.72%
3Y*
15.41%
5Y*
11.59%
10Y*
8.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UC15.L vs. UB03.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UC15.L
UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc		21.49%2.57%6.44%-6.52%29.97%36.11%-2.49%5.31%-5.25%-2.80%
UB03.L
UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis		5.64%26.20%9.58%8.35%3.14%16.12%-10.39%17.37%-7.12%9.91%

Correlation

The correlation between UC15.L and UB03.L is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.22

Correlation (3Y)
Calculated over the trailing 3-year period

-0.03

Correlation (5Y)
Calculated over the trailing 5-year period

0.04

Correlation (10Y)
Calculated over the trailing 10-year period

0.13

Correlation (All Time)
Calculated using the full available price history since Jun 25, 2013

0.14

The correlation between UC15.L and UB03.L shifts across timeframes, from -0.22 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc

UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis

Often compared with UC15.L:
UC15.L vs. SGLN.LUC15.L vs. ENCG.LUC15.L vs. CMFP.LUC15.L vs. VUSA.LUC15.L vs. COMTUC15.L vs. XBCU.LUC15.L vs. GDIG.L
Often compared with UB03.L:
UB03.L vs. VUKE.DEUB03.L vs. 5ESG.LUB03.L vs. UB01.LUB03.L vs. HDEU.LUB03.L vs. LCUK.LUB03.L vs. PRIZ.LUB03.L vs. UC04.L

Return for Risk

UC15.L vs. UB03.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UC15.L
UC15.L Risk / Return Rank: 7171
Overall Rank
UC15.L Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
UC15.L Sortino Ratio Rank: 6060
Sortino Ratio Rank
UC15.L Omega Ratio Rank: 6565
Omega Ratio Rank
UC15.L Calmar Ratio Rank: 8989
Calmar Ratio Rank
UC15.L Martin Ratio Rank: 7575
Martin Ratio Rank
UB03.L
UB03.L Risk / Return Rank: 5858
Overall Rank
UB03.L Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
UB03.L Sortino Ratio Rank: 6161
Sortino Ratio Rank
UB03.L Omega Ratio Rank: 6161
Omega Ratio Rank
UB03.L Calmar Ratio Rank: 5555
Calmar Ratio Rank
UB03.L Martin Ratio Rank: 5151
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UC15.L vs. UB03.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 UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis (UB03.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.

UC15.LUB03.LDifference
Sharpe ratioReturn per unit of total volatility
2.12
2.00

+0.12

Sortino ratioReturn per unit of downside risk
2.77
2.80

-0.03

Omega ratioGain probability vs. loss probability

1.39

1.37

+0.02

Calmar ratioReturn relative to maximum drawdown

5.23

2.66

+2.57

Martin ratioReturn relative to average drawdown

13.93

8.61

+5.32

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UC15.L vs. UB03.L - Sharpe Ratio Comparison

The current UC15.L Sharpe Ratio is 2.12, which is comparable to the UB03.L Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of UC15.L and UB03.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

UC15.LUB03.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.12

2.00

+0.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.87

1.28

-0.41

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

0.87

-0.21

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

0.83

-0.49

Drawdowns

UC15.L vs. UB03.L - Drawdown Comparison

The maximum UC15.L drawdown since its inception was -42.93%, which is greater than UB03.L's maximum drawdown of -33.84%. Use the drawdown chart below to compare losses from any high point for UC15.L and UB03.L.

Loading charts...

Drawdown Indicators

UC15.LUB03.LDifference

Max Drawdown

Largest peak-to-trough decline

-42.93%

-33.84%

-9.09%

Max Drawdown (1Y)

Largest decline over 1 year

-6.18%

-9.09%

+2.91%

Max Drawdown (3Y)

Largest decline over 3 years

-13.98%

-12.11%

-1.87%

Max Drawdown (5Y)

Largest decline over 5 years

-17.43%

-12.11%

-5.32%

Max Drawdown (10Y)

Largest decline over 10 years

-30.26%

-33.84%

+3.58%

Current Drawdown

Current decline from peak

-3.53%

-4.00%

+0.47%

Average Drawdown

Average peak-to-trough decline

-15.17%

-4.91%

-10.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.32%

3.11%

-0.79%

Volatility

UC15.L vs. UB03.L - Volatility Comparison

UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L) has a higher volatility of 5.07% compared to UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis (UB03.L) at 4.06%. This indicates that UC15.L's price experiences larger fluctuations and is considered to be riskier than UB03.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

UC15.LUB03.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.07%

4.06%

+1.01%

Volatility (6M)

Calculated over the trailing 6-month period

12.34%

9.74%

+2.60%

Volatility (1Y)

Calculated over the trailing 1-year period

15.26%

12.08%

+3.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.69%

17.53%

-2.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.80%

20.97%

-6.17%

UC15.L vs. UB03.L - Expense Ratio Comparison

UC15.L has a 0.34% expense ratio, which is higher than UB03.L's 0.20% expense ratio.

Dividends

UC15.L vs. UB03.L - Dividend Comparison

UC15.L has not paid dividends to shareholders, while UB03.L's dividend yield for the trailing twelve months is around 2.71%.

PositionTTM20252024202320222021202020192018201720162015
UB03.L
UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis		2.71%2.92%3.75%3.63%3.69%3.10%3.72%4.13%4.21%3.30%3.61%4.14%
UC15.L
UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

UC15.L and UB03.L have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, UB03.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UB03.L is cheaper with a 0.20% expense ratio, compared with 0.34% for UC15.L.

UC15.L is categorized as Commodities, while UB03.L is Europe Equities. UC15.L tracks UBS CMCI, while UB03.L tracks FTSE AllSh TR GBP. Their fees differ too: 0.34% for UC15.L and 0.20% for UB03.L.

Portfolio Optimizer

Find the right allocation for UC15.L and UB03.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer