UC90.L vs. UD07.L

Last updated Jun 5, 2026

UC90.L (UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc) and UD07.L (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc) are both Commodities funds from UBS - UC90.L tracks the UBS CMCI (GBP Hedged) while UD07.L tracks the UBS BCOM Constant Maturity. Both are passively managed. Over the past 5 years, UC90.L returned 10.87%/yr vs 13.21%/yr for UD07.L. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.34% expense ratio.

Performance

UC90.L vs. UD07.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 ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UC90.L achieves a 21.40% return, which is significantly higher than UD07.L's 19.95% 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%

UD07.L

• 1D: -1.21%
• 1M: -1.41%
• YTD: 19.95%
• 6M: 19.54%
• 1Y: 33.96%
• 3Y*: 11.52%
• 5Y*: 13.21%
• 10Y*: —

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

UC90.L vs. UD07.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
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%	-12.52%
UD07.L UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc	19.95%	9.88%	6.26%	-10.97%	32.08%	31.93%	-1.26%	2.82%	-2.04%

Correlation

The correlation between UC90.L and UD07.L is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Mar 7, 2018	0.70

The correlation between UC90.L and UD07.L shifts across timeframes, from 0.70 (all time) to 0.81 (1 year), reflecting how their relationship changes across market environments.

UC90.L vs. UD07.L - Sectors Allocation Comparison

Sectors	UC90.L	UD07.L
Technology	31.0%	16.1%
Communication Services	15.0%	55.9%
Energy	14.2%	1.4%
Financial Services	10.9%	6.2%
Healthcare	9.8%	3.1%
Consumer Cyclical	7.3%	5.2%
Industrials	6.6%	7.2%
Consumer Defensive	3.7%	1.9%
Utilities	1.1%	2.2%
Basic Materials	0.5%	0.7%
Real Estate	-	0.1%

Return for Risk

UC90.L vs. UD07.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: 78
UC90.L Sharpe Ratio Rank: 76
UC90.L Sortino Ratio Rank: 72
UC90.L Omega Ratio Rank: 75
UC90.L Calmar Ratio Rank: 92
UC90.L Martin Ratio Rank: 75

UD07.L

UD07.L Risk / Return Rank: 72
UD07.L Sharpe Ratio Rank: 70
UD07.L Sortino Ratio Rank: 62
UD07.L Omega Ratio Rank: 69
UD07.L Calmar Ratio Rank: 89
UD07.L Martin Ratio Rank: 72

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. UD07.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 ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.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.L	UD07.L	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.27	+0.16
Sortino ratio: Return per unit of downside risk	3.21	2.87	+0.35
Omega ratio: Gain probability vs. loss probability	1.44	1.40	+0.04
Calmar ratio: Return relative to maximum drawdown	6.33	5.19	+1.14
Martin ratio: Return relative to average drawdown	14.07	13.25	+0.83
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. UD07.L - Sharpe Ratio Comparison

The current UC90.L Sharpe Ratio is 2.43, which is comparable to the UD07.L Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of UC90.L and UD07.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.

Sharpe Ratios by Period

	UC90.L	UD07.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.27	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.46	+0.28
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	0.41	-0.03

Drawdowns

UC90.L vs. UD07.L - Drawdown Comparison

The maximum UC90.L drawdown since its inception was -41.45%, roughly equal to the maximum UD07.L drawdown of -39.71%. Use the drawdown chart below to compare losses from any high point for UC90.L and UD07.L.

Drawdown Indicators

	UC90.L	UD07.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.45%	-39.71%	-1.74%
Max Drawdown (1Y) Largest decline over 1 year	-4.79%	-6.51%	+1.72%
Max Drawdown (3Y) Largest decline over 3 years	-11.47%	-12.61%	+1.14%
Max Drawdown (5Y) Largest decline over 5 years	-19.19%	-39.71%	+20.52%
Max Drawdown (10Y) Largest decline over 10 years	-38.26%	—	—
Current Drawdown Current decline from peak	-4.67%	-12.41%	+7.74%
Average Drawdown Average peak-to-trough decline	-13.18%	-18.80%	+5.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	2.56%	-0.40%

Volatility

UC90.L vs. UD07.L - Volatility Comparison

UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc (UC90.L) and UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.L) have volatilities of 4.94% and 5.12%, 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

	UC90.L	UD07.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.94%	5.12%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	10.29%	12.57%	-2.28%
Volatility (1Y) Calculated over the trailing 1-year period	12.48%	14.93%	-2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.75%	28.79%	-14.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.23%	23.77%	-9.54%

UC90.L vs. UD07.L - Expense Ratio Comparison

Both UC90.L and UD07.L have an expense ratio of 0.34%.

Dividends

UC90.L vs. UD07.L - Dividend Comparison

Neither UC90.L nor UD07.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UC90.L and UD07.L in my portfolio?

UC90.L and UD07.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UC90.L or UD07.L?

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

Which ETF is cheaper, UC90.L or UD07.L?

UC90.L and UD07.L have the same expense ratio: 0.34% per year.

What is the main difference between UC90.L and UD07.L?

UC90.L tracks UBS CMCI (GBP Hedged), while UD07.L tracks UBS BCOM Constant Maturity.