UC15.L vs. UC96.L

Last updated Jul 16, 2026

UC15.L (UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc) and UC96.L (UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis) are both exchange-traded funds - UC15.L is a Commodities fund tracking the UBS CMCI, while UC96.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD. Both are passively managed. Over the past 10 years, UC15.L returned 8.67%/yr vs 11.23%/yr for UC96.L. At a 0.35 correlation, their price movements are largely independent. UC15.L charges 0.34%/yr vs 0.25%/yr for UC96.L.

Performance

UC15.L vs. UC96.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 (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UC15.L achieves a 20.64% return, which is significantly higher than UC96.L's 6.76% return. Over the past 10 years, UC15.L has underperformed UC96.L with an annualized return of 8.67%, while UC96.L has yielded a comparatively higher 11.23% annualized return.

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%

UC96.L

• 1D: -1.47%
• 1M: -1.47%
• 6M: 4.21%
• YTD: 6.76%
• 1Y: 15.76%
• 3Y*: 10.74%
• 5Y*: 9.00%
• 10Y*: 11.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UC15.L vs. UC96.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%	-2.28%
UC96.L UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis	6.76%	4.85%	9.71%	9.45%	3.22%	31.64%	3.36%	21.68%	-0.82%	9.73%

Correlation

The correlation between UC15.L and UC96.L is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Sep 23, 2015	0.35

The correlation between UC15.L and UC96.L shifts across timeframes, from -0.09 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.

Return for Risk

UC15.L vs. UC96.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: 72
UC15.L Sharpe Ratio Rank: 74
UC15.L Sortino Ratio Rank: 72
UC15.L Omega Ratio Rank: 71
UC15.L Calmar Ratio Rank: 76
UC15.L Martin Ratio Rank: 68

UC96.L

UC96.L Risk / Return Rank: 52
UC96.L Sharpe Ratio Rank: 51
UC96.L Sortino Ratio Rank: 51
UC96.L Omega Ratio Rank: 48
UC96.L Calmar Ratio Rank: 56
UC96.L Martin Ratio Rank: 53

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. UC96.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 (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.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	UC96.L	Difference
Sharpe ratio: Return per unit of total volatility	1.91	1.45	+0.46
Sortino ratio: Return per unit of downside risk	2.62	2.07	+0.56
Omega ratio: Gain probability vs. loss probability	1.34	1.25	+0.08
Calmar ratio: Return relative to maximum drawdown	3.13	2.28	+0.85
Martin ratio: Return relative to average drawdown	9.85	7.43	+2.42

UC15.L vs. UC96.L - Sharpe Ratio Comparison

The current UC15.L Sharpe Ratio is 1.91, which is higher than the UC96.L Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of UC15.L and UC96.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.

Drawdowns

UC15.L vs. UC96.L - Drawdown Comparison

The maximum UC15.L drawdown since its inception was -98.86%, which is greater than UC96.L's maximum drawdown of -26.78%. Use the drawdown chart below to compare losses from any high point for UC15.L and UC96.L.

Drawdown Indicators

	UC15.L	UC96.L	Difference
Max Drawdown Largest peak-to-trough decline	-98.86%	-26.78%	-72.08%
Max Drawdown (1Y) Largest decline over 1 year	-8.36%	-6.87%	-1.49%
Max Drawdown (3Y) Largest decline over 3 years	-25.74%	-18.90%	-6.84%
Max Drawdown (5Y) Largest decline over 5 years	-25.74%	-18.90%	-6.84%
Max Drawdown (10Y) Largest decline over 10 years	-30.26%	-26.78%	-3.48%
Current Drawdown Current decline from peak	-4.21%	-3.88%	-0.33%
Average Drawdown Average peak-to-trough decline	-17.16%	-3.97%	-13.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	2.12%	+0.54%

Volatility

UC15.L vs. UC96.L - Volatility Comparison

UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L) and UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.L) have volatilities of 3.56% and 3.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UC15.L	UC96.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.56%	3.53%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	11.57%	8.03%	+3.54%
Volatility (1Y) Calculated over the trailing 1-year period	13.69%	10.81%	+2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.61%	14.04%	+5.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.25%	15.71%	+1.54%

UC15.L vs. UC96.L - Expense Ratio Comparison

UC15.L has a 0.34% expense ratio, which is higher than UC96.L's 0.25% expense ratio.

Dividends

UC15.L vs. UC96.L - Dividend Comparison

UC15.L has not paid dividends to shareholders, while UC96.L's dividend yield for the trailing twelve months is around 1.16%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
UC96.L UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis	1.16%	1.21%	0.69%	1.53%	1.53%	1.62%	1.84%	1.39%	1.86%	1.58%	1.34%

Frequently Asked Questions

Can I hold both UC15.L and UC96.L in my portfolio?

UC15.L and UC96.L have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UC15.L or UC96.L?

On fees, UC96.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UC15.L or UC96.L?

UC96.L is cheaper with a 0.25% expense ratio, compared with 0.34% for UC15.L.

What is the main difference between UC15.L and UC96.L?

UC15.L is categorized as Commodities, while UC96.L is Large Cap Value Equities. UC15.L tracks UBS CMCI, while UC96.L tracks Russell 1000 Value TR USD. Their fees differ too: 0.34% for UC15.L and 0.25% for UC96.L.