UD07.L vs. UC90.L

Last updated Jun 4, 2026

UD07.L (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc) and UC90.L (UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc) are both Commodities funds from UBS - UD07.L tracks the UBS BCOM Constant Maturity while UC90.L tracks the UBS CMCI (GBP Hedged). Both are passively managed. Over the past 5 years, UD07.L returned 13.48%/yr vs 11.16%/yr for UC90.L. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.34% expense ratio.

Performance

UD07.L vs. UC90.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.L) and UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc (UC90.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UD07.L achieves a 21.43% return, which is significantly lower than UC90.L's 23.00% return.

UD07.L

• 1D: 0.85%
• 1M: 1.49%
• YTD: 21.43%
• 6M: 20.72%
• 1Y: 35.14%
• 3Y*: 12.39%
• 5Y*: 13.48%
• 10Y*: —

UC90.L

• 1D: 0.34%
• 1M: 0.97%
• YTD: 23.00%
• 6M: 23.96%
• 1Y: 31.84%
• 3Y*: 13.68%
• 5Y*: 11.16%
• 10Y*: 7.85%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
UD07.L UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc	21.43%	9.88%	6.26%	-10.97%	32.08%	31.93%	-1.26%	2.82%	-2.04%
UC90.L UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc	23.00%	9.58%	4.52%	-2.02%	14.86%	33.21%	-1.26%	5.91%	-12.52%

Correlation

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

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

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

Return for Risk

UD07.L vs. UC90.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UD07.L

UD07.L Risk / Return Rank: 74
UD07.L Sharpe Ratio Rank: 73
UD07.L Sortino Ratio Rank: 65
UD07.L Omega Ratio Rank: 71
UD07.L Calmar Ratio Rank: 89
UD07.L Martin Ratio Rank: 74

UC90.L

UC90.L Risk / Return Rank: 81
UC90.L Sharpe Ratio Rank: 79
UC90.L Sortino Ratio Rank: 76
UC90.L Omega Ratio Rank: 78
UC90.L Calmar Ratio Rank: 93
UC90.L Martin Ratio Rank: 78

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.

UD07.L vs. UC90.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.L) and UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc (UC90.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.

	UD07.L	UC90.L	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.56	-0.20
Sortino ratio: Return per unit of downside risk	2.97	3.38	-0.41
Omega ratio: Gain probability vs. loss probability	1.42	1.46	-0.04
Calmar ratio: Return relative to maximum drawdown	5.37	6.62	-1.25
Martin ratio: Return relative to average drawdown	13.77	14.87	-1.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current UD07.L Sharpe Ratio is 2.35, which is comparable to the UC90.L Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of UD07.L and UC90.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

	UD07.L	UC90.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.56	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.76	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.39	+0.03

Drawdowns

UD07.L vs. UC90.L - Drawdown Comparison

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

Drawdown Indicators

	UD07.L	UC90.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.71%	-41.45%	+1.74%
Max Drawdown (1Y) Largest decline over 1 year	-6.51%	-4.79%	-1.72%
Max Drawdown (3Y) Largest decline over 3 years	-12.61%	-11.47%	-1.14%
Max Drawdown (5Y) Largest decline over 5 years	-39.71%	-19.19%	-20.52%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.26%	—
Current Drawdown Current decline from peak	-11.33%	-3.41%	-7.92%
Average Drawdown Average peak-to-trough decline	-18.80%	-13.18%	-5.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	2.14%	+0.41%

Volatility

UD07.L vs. UC90.L - Volatility Comparison

UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.L) and UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc (UC90.L) have volatilities of 5.26% and 5.01%, 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

	UD07.L	UC90.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	5.01%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	12.50%	10.18%	+2.32%
Volatility (1Y) Calculated over the trailing 1-year period	14.87%	12.40%	+2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.79%	14.75%	+14.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.77%	14.23%	+9.54%

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

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

Dividends

UD07.L vs. UC90.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

UD07.L and UC90.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, UD07.L or UC90.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, UD07.L or UC90.L?

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

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

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