UD08.L vs. ROLG.L
UD08.L (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc) and ROLG.L (iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD) are both Commodities funds - UD08.L tracks the UBS CMCI Ex-Agriculture Ex-Livestock Capped (GBP Hedged) while ROLG.L tracks the Bloomberg Roll Select Commodity. Both are passively managed. Over the past year, UD08.L returned 43.63% vs 45.86% for ROLG.L. A 0.65 correlation means they provide meaningful diversification when combined. UD08.L charges 0.34%/yr vs 0.28%/yr for ROLG.L.
Performance
UD08.L vs. ROLG.L - Performance Comparison
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Different Trading Currencies
UD08.L is traded in GBp, while ROLG.L is traded in GBP. To make them comparable, the ROLG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UD08.L achieves a 25.78% return, which is significantly lower than ROLG.L's 29.88% return.
UD08.L
- 1D
- -0.14%
- 1M
- 1.53%
- YTD
- 25.78%
- 6M
- 28.13%
- 1Y
- 43.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ROLG.L
- 1D
- 0.70%
- 1M
- 1.14%
- YTD
- 29.88%
- 6M
- 29.34%
- 1Y
- 45.86%
- 3Y*
- 15.28%
- 5Y*
- 14.93%
- 10Y*
- —
UD08.L vs. ROLG.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% |
ROLG.L iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD | 29.88% | 1.18% |
Correlation
The correlation between UD08.L and ROLG.L is 0.72, 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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025 | 0.65 |
The correlation between UD08.L and ROLG.L has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.
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Return for Risk
UD08.L vs. ROLG.L — Risk / Return Rank
UD08.L
ROLG.L
UD08.L vs. ROLG.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 iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.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 | ROLG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.49 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 6.75 | 6.70 | +0.05 |
| Martin ratioReturn relative to average drawdown | 21.31 | 19.05 | +2.26 |
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
| UD08.L | ROLG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 2.75 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.71 | 0.60 | +2.11 |
Drawdowns
UD08.L vs. ROLG.L - Drawdown Comparison
The maximum UD08.L drawdown since its inception was -6.43%, smaller than the maximum ROLG.L drawdown of -22.66%. Use the drawdown chart below to compare losses from any high point for UD08.L and ROLG.L.
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Drawdown Indicators
| UD08.L | ROLG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.43% | -22.66% | +16.23% |
Max Drawdown (1Y)Largest decline over 1 year | -6.43% | -6.81% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.27% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.85% | — |
Current DrawdownCurrent decline from peak | -0.55% | -2.97% | +2.42% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -8.98% | +7.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.40% | -0.36% |
Volatility
UD08.L vs. ROLG.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 iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) has a volatility of 5.84%. This indicates that UD08.L experiences smaller price fluctuations and is considered to be less risky than ROLG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UD08.L | ROLG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 5.84% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 13.86% | -2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.00% | 16.60% | -2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 17.68% | -2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.97% | 16.98% | -2.01% |
UD08.L vs. ROLG.L - Expense Ratio Comparison
UD08.L has a 0.34% expense ratio, which is higher than ROLG.L's 0.28% expense ratio.
Dividends
UD08.L vs. ROLG.L - Dividend Comparison
Neither UD08.L nor ROLG.L has paid dividends to shareholders.
Frequently Asked Questions
UD08.L and ROLG.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ROLG.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ROLG.L is cheaper with a 0.28% expense ratio, compared with 0.34% for UD08.L.
UD08.L tracks UBS CMCI Ex-Agriculture Ex-Livestock Capped (GBP Hedged), while ROLG.L tracks Bloomberg Roll Select Commodity. They also come from different issuers: UBS and iShares. Their fees differ too: 0.34% for UD08.L and 0.28% for ROLG.L.
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