UC15.L vs. UBXX.L
UC15.L (UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc) and UBXX.L (UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis) are both exchange-traded funds - UC15.L is a Commodities fund tracking the UBS CMCI, while UBXX.L is a Emerging Markets Bonds fund tracking the J.P. Morgan EMBI Global Diversified 1-5 Year Index. Both are passively managed. Over the past 5 years, UC15.L returned 12.77%/yr vs 2.38%/yr for UBXX.L. At a correlation of -0.00, they often move in opposite directions. UC15.L charges 0.34%/yr vs 0.47%/yr for UBXX.L.
Performance
UC15.L vs. UBXX.L - Performance Comparison
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Returns By Period
In the year-to-date period, UC15.L achieves a 21.49% return, which is significantly higher than UBXX.L's 2.14% 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%
UBXX.L
- 1D
- 0.01%
- 1M
- 0.40%
- YTD
- 2.14%
- 6M
- 2.65%
- 1Y
- 8.00%
- 3Y*
- 8.13%
- 5Y*
- 2.38%
- 10Y*
- —
UC15.L vs. UBXX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -3.71% |
UBXX.L UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis | 2.14% | 9.71% | 7.01% | 7.14% | -11.07% | -0.10% | 1.69% | 5.94% | -1.40% |
Correlation
The correlation between UC15.L and UBXX.L is -0.33, 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 | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018 | -0.00 |
Over the past year, the inverse relationship between UC15.L and UBXX.L has strengthened: their correlation has moved from -0.00 to -0.33, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
UC15.L vs. UBXX.L — Risk / Return Rank
UC15.L
UBXX.L
UC15.L vs. UBXX.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 J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.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.L | UBXX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.61 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 4.13 | +1.10 |
| Martin ratioReturn relative to average drawdown | 13.93 | 19.08 | -5.15 |
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
| UC15.L | UBXX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.81 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.56 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.48 | -0.14 |
Drawdowns
UC15.L vs. UBXX.L - Drawdown Comparison
The maximum UC15.L drawdown since its inception was -42.93%, which is greater than UBXX.L's maximum drawdown of -16.83%. Use the drawdown chart below to compare losses from any high point for UC15.L and UBXX.L.
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Drawdown Indicators
| UC15.L | UBXX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.93% | -16.83% | -26.10% |
Max Drawdown (1Y)Largest decline over 1 year | -6.18% | -1.93% | -4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -13.98% | -2.59% | -11.39% |
Max Drawdown (5Y)Largest decline over 5 years | -17.43% | -16.83% | -0.60% |
Max Drawdown (10Y)Largest decline over 10 years | -30.26% | — | — |
Current DrawdownCurrent decline from peak | -3.53% | -0.07% | -3.46% |
Average DrawdownAverage peak-to-trough decline | -15.17% | -3.72% | -11.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 0.42% | +1.90% |
Volatility
UC15.L vs. UBXX.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 J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.L) at 0.67%. This indicates that UC15.L's price experiences larger fluctuations and is considered to be riskier than UBXX.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 | UBXX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.07% | 0.67% | +4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 2.32% | +10.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 2.85% | +12.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.69% | 4.25% | +10.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.80% | 4.96% | +9.84% |
UC15.L vs. UBXX.L - Expense Ratio Comparison
UC15.L has a 0.34% expense ratio, which is lower than UBXX.L's 0.47% expense ratio.
Dividends
UC15.L vs. UBXX.L - Dividend Comparison
UC15.L has not paid dividends to shareholders, while UBXX.L's dividend yield for the trailing twelve months is around 6.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
UBXX.L UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis | 6.47% | 25.71% | 7.05% | 4.76% | 4.40% | 3.91% | 4.43% | 6.18% | 0.21% |
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% |
Frequently Asked Questions
UC15.L and UBXX.L have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UC15.L is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UC15.L is cheaper with a 0.34% expense ratio, compared with 0.47% for UBXX.L.
UC15.L is categorized as Commodities, while UBXX.L is Emerging Markets Bonds. UC15.L tracks UBS CMCI, while UBXX.L tracks J.P. Morgan EMBI Global Diversified 1-5 Year Index. Their fees differ too: 0.34% for UC15.L and 0.47% for UBXX.L.
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