UD08.L vs. AIGC.L

Last updated Jun 4, 2026

UD08.L (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc) and AIGC.L (WisdomTree Broad Commodities) are both Commodities funds - UD08.L tracks the UBS CMCI Ex-Agriculture Ex-Livestock Capped (GBP Hedged) while AIGC.L tracks the Bloomberg Commodity. Both are passively managed. Over the past year, UD08.L returned 43.63% vs 40.11% for AIGC.L. A 0.64 correlation means they provide meaningful diversification when combined. UD08.L charges 0.34%/yr vs 0.49%/yr for AIGC.L.

Performance

UD08.L vs. AIGC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc (UD08.L) and WisdomTree Broad Commodities (AIGC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

UD08.L is traded in GBp, while AIGC.L is traded in USD. To make them comparable, the AIGC.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with UD08.L having a 25.78% return and AIGC.L slightly higher at 26.64%.

UD08.L

• 1D: -0.14%
• 1M: 1.53%
• YTD: 25.78%
• 6M: 28.13%
• 1Y: 43.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AIGC.L

• 1D: 0.79%
• 1M: -0.84%
• YTD: 26.64%
• 6M: 25.79%
• 1Y: 40.11%
• 3Y*: 12.86%
• 5Y*: 11.89%
• 10Y*: 7.10%

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

UD08.L vs. AIGC.L - Yearly Performance Comparison

	2026 (YTD)	2025
UD08.L UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc	25.78%	14.80%
AIGC.L WisdomTree Broad Commodities	26.64%	0.35%

Correlation

The correlation between UD08.L and AIGC.L is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	0.64

The correlation between UD08.L and AIGC.L has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.

Return for Risk

UD08.L vs. AIGC.L — Risk / Return Rank

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

UD08.L

UD08.L Risk / Return Rank: 90
UD08.L Sharpe Ratio Rank: 90
UD08.L Sortino Ratio Rank: 87
UD08.L Omega Ratio Rank: 90
UD08.L Calmar Ratio Rank: 93
UD08.L Martin Ratio Rank: 91

AIGC.L

AIGC.L Risk / Return Rank: 72
AIGC.L Sharpe Ratio Rank: 70
AIGC.L Sortino Ratio Rank: 61
AIGC.L Omega Ratio Rank: 69
AIGC.L Calmar Ratio Rank: 90
AIGC.L Martin Ratio Rank: 69

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.

UD08.L vs. AIGC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc (UD08.L) and WisdomTree Broad Commodities (AIGC.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.

	UD08.L	AIGC.L	Difference
Sharpe ratio: Return per unit of total volatility	3.10	2.17	+0.93
Sortino ratio: Return per unit of downside risk	3.92	2.70	+1.22
Omega ratio: Gain probability vs. loss probability	1.58	1.40	+0.18
Calmar ratio: Return relative to maximum drawdown	6.75	5.30	+1.44
Martin ratio: Return relative to average drawdown	21.31	12.43	+8.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UD08.L vs. AIGC.L - Sharpe Ratio Comparison

The current UD08.L Sharpe Ratio is 3.10, which is higher than the AIGC.L Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of UD08.L and AIGC.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

	UD08.L	AIGC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.10	2.17	+0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.71	0.08	+2.63

Drawdowns

UD08.L vs. AIGC.L - Drawdown Comparison

The maximum UD08.L drawdown since its inception was -6.43%, smaller than the maximum AIGC.L drawdown of -61.54%. Use the drawdown chart below to compare losses from any high point for UD08.L and AIGC.L.

Drawdown Indicators

	UD08.L	AIGC.L	Difference
Max Drawdown Largest peak-to-trough decline	-6.43%	-61.54%	+55.11%
Max Drawdown (1Y) Largest decline over 1 year	-6.43%	-7.53%	+1.10%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.98%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.36%	—
Current Drawdown Current decline from peak	-0.55%	-6.11%	+5.56%
Average Drawdown Average peak-to-trough decline	-1.41%	-35.50%	+34.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	3.22%	-1.18%

Volatility

UD08.L vs. AIGC.L - Volatility Comparison

The current volatility for UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc (UD08.L) is 2.74%, while WisdomTree Broad Commodities (AIGC.L) has a volatility of 6.00%. This indicates that UD08.L experiences smaller price fluctuations and is considered to be less risky than AIGC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UD08.L	AIGC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.74%	6.00%	-3.26%
Volatility (6M) Calculated over the trailing 6-month period	11.73%	15.95%	-4.22%
Volatility (1Y) Calculated over the trailing 1-year period	14.00%	18.38%	-4.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.97%	18.25%	-3.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.97%	16.82%	-1.85%

UD08.L vs. AIGC.L - Expense Ratio Comparison

UD08.L has a 0.34% expense ratio, which is lower than AIGC.L's 0.49% expense ratio.

Dividends

UD08.L vs. AIGC.L - Dividend Comparison

Neither UD08.L nor AIGC.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UD08.L and AIGC.L in my portfolio?

UD08.L and AIGC.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UD08.L or AIGC.L?

On fees, UD08.L is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UD08.L or AIGC.L?

UD08.L is cheaper with a 0.34% expense ratio, compared with 0.49% for AIGC.L.

What is the main difference between UD08.L and AIGC.L?

UD08.L tracks UBS CMCI Ex-Agriculture Ex-Livestock Capped (GBP Hedged), while AIGC.L tracks Bloomberg Commodity. They also come from different issuers: UBS and WisdomTree. Their fees differ too: 0.34% for UD08.L and 0.49% for AIGC.L.