UC90.L vs. XFRM.L
Compare and contrast key facts about UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc (UC90.L) and WisdomTree Broad Commodities Ex-Agriculture and Livestock (XFRM.L).
UC90.L and XFRM.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UC90.L is a passively managed fund by UBS that tracks the performance of the UBS CMCI (GBP Hedged). It was launched on Feb 25, 2011. XFRM.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg Commodity ex-Agriculture and Livestock. It was launched on Nov 21, 2012. Both UC90.L and XFRM.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UC90.L vs. XFRM.L - Performance Comparison
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UC90.L vs. XFRM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UC90.L UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc | 15.49% | 9.58% | 4.52% | -2.02% | 14.86% | 33.21% | -1.26% | 5.91% | -11.85% | 5.39% |
XFRM.L WisdomTree Broad Commodities Ex-Agriculture and Livestock | 35.23% | 14.37% | 8.56% | -13.95% | 28.86% | 28.08% | -11.79% | 5.91% | -7.24% | -2.60% |
Different Trading Currencies
UC90.L is traded in GBp, while XFRM.L is traded in USD. To make them comparable, the XFRM.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UC90.L achieves a 15.49% return, which is significantly lower than XFRM.L's 35.23% return. Over the past 10 years, UC90.L has underperformed XFRM.L with an annualized return of 8.33%, while XFRM.L has yielded a comparatively higher 10.62% annualized return.
UC90.L
- 1D
- -1.24%
- 1M
- 6.64%
- YTD
- 15.49%
- 6M
- 19.73%
- 1Y
- 19.94%
- 3Y*
- 9.65%
- 5Y*
- 12.34%
- 10Y*
- 8.33%
XFRM.L
- 1D
- -1.70%
- 1M
- 12.69%
- YTD
- 35.23%
- 6M
- 46.56%
- 1Y
- 43.36%
- 3Y*
- 16.98%
- 5Y*
- 17.88%
- 10Y*
- 10.62%
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UC90.L vs. XFRM.L - Expense Ratio Comparison
UC90.L has a 0.34% expense ratio, which is lower than XFRM.L's 0.49% expense ratio.
Return for Risk
UC90.L vs. XFRM.L — Risk / Return Rank
UC90.L
XFRM.L
UC90.L vs. XFRM.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 WisdomTree Broad Commodities Ex-Agriculture and Livestock (XFRM.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 | XFRM.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.51 | 1.96 | -0.44 |
Sortino ratioReturn per unit of downside risk | 2.04 | 2.50 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.36 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.70 | 4.75 | -2.05 |
Martin ratioReturn relative to average drawdown | 8.97 | 10.72 | -1.75 |
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
| UC90.L | XFRM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 1.96 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.89 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.57 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.24 | +0.12 |
Correlation
The correlation between UC90.L and XFRM.L is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
UC90.L vs. XFRM.L - Dividend Comparison
Neither UC90.L nor XFRM.L has paid dividends to shareholders.
Drawdowns
UC90.L vs. XFRM.L - Drawdown Comparison
The maximum UC90.L drawdown since its inception was -41.45%, smaller than the maximum XFRM.L drawdown of -45.81%. Use the drawdown chart below to compare losses from any high point for UC90.L and XFRM.L.
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Drawdown Indicators
| UC90.L | XFRM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.45% | -56.89% | +15.44% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -11.89% | +2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -19.19% | -33.87% | +14.68% |
Max Drawdown (10Y)Largest decline over 10 years | -38.26% | -37.47% | -0.79% |
Current DrawdownCurrent decline from peak | -1.39% | -1.48% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -13.36% | -31.17% | +17.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 3.89% | -1.67% |
Volatility
UC90.L vs. XFRM.L - Volatility Comparison
The current volatility for UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc (UC90.L) is 4.88%, while WisdomTree Broad Commodities Ex-Agriculture and Livestock (XFRM.L) has a volatility of 10.30%. This indicates that UC90.L experiences smaller price fluctuations and is considered to be less risky than XFRM.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.L | XFRM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 10.30% | -5.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 18.41% | -8.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.12% | 22.07% | -8.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.76% | 20.07% | -5.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.26% | 18.55% | -4.29% |