UD08.L vs. UD07.L

Last updated Jun 4, 2026

UD08.L (UBS ETF (IE) CMCI ex-Agriculture 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 - UD08.L tracks the UBS CMCI Ex-Agriculture Ex-Livestock Capped (GBP Hedged) while UD07.L tracks the UBS BCOM Constant Maturity. Both are passively managed. Over the past year, UD08.L returned 43.63% vs 35.14% for UD07.L. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.34% expense ratio.

Performance

UD08.L vs. UD07.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 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, UD08.L achieves a 25.78% return, which is significantly higher than UD07.L's 21.43% return.

UD08.L

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

UD07.L

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

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

UD08.L vs. UD07.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%
UD07.L UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc	21.43%	2.59%

Correlation

The correlation between UD08.L and UD07.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	0.72
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	0.64

The correlation between UD08.L and UD07.L has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.

UD08.L vs. UD07.L - Sectors Allocation Comparison

Sectors	UD08.L	UD07.L
Technology	32.6%	16.1%
Industrials	14.6%	7.2%
Financial Services	12.6%	6.2%
Communication Services	10.6%	55.9%
Consumer Cyclical	10.6%	5.2%
Healthcare	6.4%	3.1%
Utilities	4.4%	2.2%
Consumer Defensive	3.9%	1.9%
Energy	2.9%	1.4%
Basic Materials	1.4%	0.7%
Real Estate	0.2%	0.1%

Return for Risk

UD08.L vs. UD07.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

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

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. UD07.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 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.

	UD08.L	UD07.L	Difference
Sharpe ratio: Return per unit of total volatility	3.10	2.35	+0.75
Sortino ratio: Return per unit of downside risk	3.92	2.97	+0.96
Omega ratio: Gain probability vs. loss probability	1.58	1.42	+0.16
Calmar ratio: Return relative to maximum drawdown	6.75	5.37	+1.38
Martin ratio: Return relative to average drawdown	21.31	13.77	+7.54
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. UD07.L - Sharpe Ratio Comparison

The current UD08.L Sharpe Ratio is 3.10, which is higher than the UD07.L Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of UD08.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

	UD08.L	UD07.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.10	2.35	+0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.71	0.42	+2.29

Drawdowns

UD08.L vs. UD07.L - Drawdown Comparison

The maximum UD08.L drawdown since its inception was -6.43%, smaller than the maximum UD07.L drawdown of -39.71%. Use the drawdown chart below to compare losses from any high point for UD08.L and UD07.L.

Drawdown Indicators

	UD08.L	UD07.L	Difference
Max Drawdown Largest peak-to-trough decline	-6.43%	-39.71%	+33.28%
Max Drawdown (1Y) Largest decline over 1 year	-6.43%	-6.51%	+0.08%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-39.71%	—
Current Drawdown Current decline from peak	-0.55%	-11.33%	+10.78%
Average Drawdown Average peak-to-trough decline	-1.41%	-18.80%	+17.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	2.55%	-0.51%

Volatility

UD08.L vs. UD07.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 UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.L) has a volatility of 5.26%. This indicates that UD08.L experiences smaller price fluctuations and is considered to be less risky than UD07.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UD08.L	UD07.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.74%	5.26%	-2.52%
Volatility (6M) Calculated over the trailing 6-month period	11.73%	12.50%	-0.77%
Volatility (1Y) Calculated over the trailing 1-year period	14.00%	14.87%	-0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.97%	28.79%	-13.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.97%	23.77%	-8.80%

UD08.L vs. UD07.L - Expense Ratio Comparison

Both UD08.L and UD07.L have an expense ratio of 0.34%.

Dividends

UD08.L vs. UD07.L - Dividend Comparison

Neither UD08.L nor UD07.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UD08.L and UD07.L in my portfolio?

UD08.L and UD07.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 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, UD08.L or UD07.L?

UD08.L and UD07.L have the same expense ratio: 0.34% per year.

What is the main difference between UD08.L and UD07.L?

UD08.L tracks UBS CMCI Ex-Agriculture Ex-Livestock Capped (GBP Hedged), while UD07.L tracks UBS BCOM Constant Maturity.