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UC90.L vs. EUFM.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UC90.L vs. EUFM.L

Last updated Jun 5, 2026

UC90.L (UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc) and EUFM.L (UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc) are both exchange-traded funds - UC90.L is a Commodities fund tracking the UBS CMCI (GBP Hedged), while EUFM.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, UC90.L returned 10.87%/yr vs 9.69%/yr for EUFM.L. At a 0.20 correlation, their price movements are largely independent. Both charge a 0.34% expense ratio.

Performance

UC90.L vs. EUFM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc (UC90.L) and UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UC90.L achieves a 21.40% return, which is significantly higher than EUFM.L's 6.74% return.

UC90.L

1D
-1.30%
1M
-1.81%
YTD
21.40%
6M
22.49%
1Y
30.42%
3Y*
12.90%
5Y*
10.87%
10Y*
7.57%

EUFM.L

1D
0.21%
1M
2.81%
YTD
6.74%
6M
8.89%
1Y
16.80%
3Y*
15.42%
5Y*
9.69%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

UC90.L vs. EUFM.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
UC90.L
UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc		21.40%9.58%4.52%-2.02%14.86%33.21%-1.26%5.91%-11.31%
EUFM.L
UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc		6.74%29.59%3.25%15.45%-7.82%13.50%5.84%19.11%-12.29%

Correlation

The correlation between UC90.L and EUFM.L is -0.20, 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

-0.20

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

0.04

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

0.11

Correlation (All Time)
Calculated using the full available price history since Jul 10, 2018

0.20

The correlation between UC90.L and EUFM.L shifts across timeframes, from -0.20 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

UC90.L vs. EUFM.L - Sectors Allocation Comparison

Sectors
UC90.L
EUFM.L

Technology

31.0%
8.5%

Communication Services

15.0%
4.2%

Energy

14.2%
3.7%

Financial Services

10.9%
26.7%

Healthcare

9.8%
4.3%

Consumer Cyclical

7.3%
6.6%

Industrials

6.6%
23.5%

Consumer Defensive

3.7%
6.7%

Utilities

1.1%
9.5%

Basic Materials

0.5%
4.8%

Real Estate

-

1.6%

Technology

UC90.L
31.0%
EUFM.L
8.5%

Communication Services

UC90.L
15.0%
EUFM.L
4.2%

Energy

UC90.L
14.2%
EUFM.L
3.7%

Financial Services

UC90.L
10.9%
EUFM.L
26.7%

Healthcare

UC90.L
9.8%
EUFM.L
4.3%

Consumer Cyclical

UC90.L
7.3%
EUFM.L
6.6%

Industrials

UC90.L
6.6%
EUFM.L
23.5%

Consumer Defensive

UC90.L
3.7%
EUFM.L
6.7%

Utilities

UC90.L
1.1%
EUFM.L
9.5%

Basic Materials

UC90.L
0.5%
EUFM.L
4.8%

Real Estate

UC90.L

-

EUFM.L
1.6%

Compare stocks, funds, or ETFs

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UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc

UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc

Often compared with UC90.L:
UC90.L vs. ROLG.LUC90.L vs. AIGC.LUC90.L vs. BCOG.LUC90.L vs. XDBG.LUC90.L vs. XFRM.LUC90.L vs. ENCG.LUC90.L vs. XBCU.L
Often compared with EUFM.L:
EUFM.L vs. IBC0.DEEUFM.L vs. CEMT.DEEUFM.L vs. D5BL.DEEUFM.L vs. UB01.LEUFM.L vs. ZPRX.DEEUFM.L vs. XLKEUFM.L vs. PRAZ.DE

Return for Risk

UC90.L vs. EUFM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UC90.L
UC90.L Risk / Return Rank: 7878
Overall Rank
UC90.L Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
UC90.L Sortino Ratio Rank: 7272
Sortino Ratio Rank
UC90.L Omega Ratio Rank: 7575
Omega Ratio Rank
UC90.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
UC90.L Martin Ratio Rank: 7575
Martin Ratio Rank
EUFM.L
EUFM.L Risk / Return Rank: 3737
Overall Rank
EUFM.L Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
EUFM.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
EUFM.L Omega Ratio Rank: 4141
Omega Ratio Rank
EUFM.L Calmar Ratio Rank: 3333
Calmar Ratio Rank
EUFM.L Martin Ratio Rank: 3737
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.

UC90.L vs. EUFM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc (UC90.L) and UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.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.

UC90.LEUFM.LDifference
Sharpe ratioReturn per unit of total volatility
2.43
1.36

+1.07

Sortino ratioReturn per unit of downside risk
3.21
1.90

+1.31

Omega ratioGain probability vs. loss probability

1.44

1.26

+0.18

Calmar ratioReturn relative to maximum drawdown

6.33

1.58

+4.75

Martin ratioReturn relative to average drawdown

14.07

5.69

+8.38

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

UC90.L vs. EUFM.L - Sharpe Ratio Comparison

The current UC90.L Sharpe Ratio is 2.43, which is higher than the EUFM.L Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of UC90.L and EUFM.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.

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Sharpe Ratios by Period

UC90.LEUFM.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.43

1.36

+1.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

0.67

+0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.38

0.53

-0.15

Drawdowns

UC90.L vs. EUFM.L - Drawdown Comparison

The maximum UC90.L drawdown since its inception was -41.45%, which is greater than EUFM.L's maximum drawdown of -30.14%. Use the drawdown chart below to compare losses from any high point for UC90.L and EUFM.L.

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Drawdown Indicators

UC90.LEUFM.LDifference

Max Drawdown

Largest peak-to-trough decline

-41.45%

-30.14%

-11.31%

Max Drawdown (1Y)

Largest decline over 1 year

-4.79%

-10.59%

+5.80%

Max Drawdown (3Y)

Largest decline over 3 years

-11.47%

-11.90%

+0.43%

Max Drawdown (5Y)

Largest decline over 5 years

-19.19%

-20.86%

+1.67%

Max Drawdown (10Y)

Largest decline over 10 years

-38.26%

—

—

Current Drawdown

Current decline from peak

-4.67%

-1.07%

-3.60%

Average Drawdown

Average peak-to-trough decline

-13.18%

-5.19%

-7.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.16%

2.95%

-0.79%

Volatility

UC90.L vs. EUFM.L - Volatility Comparison

UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc (UC90.L) has a higher volatility of 4.94% compared to UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L) at 4.00%. This indicates that UC90.L's price experiences larger fluctuations and is considered to be riskier than EUFM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UC90.LEUFM.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.94%

4.00%

+0.94%

Volatility (6M)

Calculated over the trailing 6-month period

10.29%

10.33%

-0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

12.48%

12.33%

+0.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.75%

14.53%

+0.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.23%

16.13%

-1.90%

UC90.L vs. EUFM.L - Expense Ratio Comparison

Both UC90.L and EUFM.L have an expense ratio of 0.34%.

Dividends

UC90.L vs. EUFM.L - Dividend Comparison

Neither UC90.L nor EUFM.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

UC90.L and EUFM.L have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.34% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

UC90.L and EUFM.L have the same expense ratio: 0.34% per year.

UC90.L is categorized as Commodities, while EUFM.L is Europe Equities. UC90.L tracks UBS CMCI (GBP Hedged), while EUFM.L tracks MSCI EMU NR EUR.

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