UD08.L vs. WRDA.L
UD08.L (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc) and WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) are both exchange-traded funds - UD08.L is a Commodities fund tracking the UBS CMCI Ex-Agriculture Ex-Livestock Capped (GBP Hedged), while WRDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past year, UD08.L returned 43.63% vs 27.48% for WRDA.L. At a correlation of -0.03, they often move in opposite directions. UD08.L charges 0.34%/yr vs 0.06%/yr for WRDA.L.
Performance
UD08.L vs. WRDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, UD08.L achieves a 25.78% return, which is significantly higher than WRDA.L's 10.09% return.
UD08.L
- 1D
- -0.14%
- 1M
- 1.53%
- YTD
- 25.78%
- 6M
- 28.13%
- 1Y
- 43.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WRDA.L
- 1D
- -0.19%
- 1M
- 5.30%
- YTD
- 10.09%
- 6M
- 10.62%
- 1Y
- 27.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UD08.L vs. WRDA.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% |
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 10.09% | 11.77% |
Correlation
The correlation between UD08.L and WRDA.L is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025 | -0.03 |
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Return for Risk
UD08.L vs. WRDA.L — Risk / Return Rank
UD08.L
WRDA.L
UD08.L vs. WRDA.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 Core MSCI World UCITS ETF USD Acc (WRDA.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 | WRDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.52 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 6.75 | 4.19 | +2.56 |
| Martin ratioReturn relative to average drawdown | 21.31 | 16.71 | +4.60 |
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 | WRDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 2.73 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.71 | 1.51 | +1.20 |
Drawdowns
UD08.L vs. WRDA.L - Drawdown Comparison
The maximum UD08.L drawdown since its inception was -6.43%, smaller than the maximum WRDA.L drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for UD08.L and WRDA.L.
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Drawdown Indicators
| UD08.L | WRDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.43% | -18.38% | +11.95% |
Max Drawdown (1Y)Largest decline over 1 year | -6.43% | -6.53% | +0.10% |
Current DrawdownCurrent decline from peak | -0.55% | -0.19% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -2.28% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 1.64% | +0.40% |
Volatility
UD08.L vs. WRDA.L - Volatility Comparison
UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (hedged to GBP) A-acc (UD08.L) has a higher volatility of 2.74% compared to UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) at 2.48%. This indicates that UD08.L's price experiences larger fluctuations and is considered to be riskier than WRDA.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 | WRDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 2.48% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 7.16% | +4.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.00% | 10.07% | +3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.97% | 12.35% | +2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.97% | 12.35% | +2.62% |
UD08.L vs. WRDA.L - Expense Ratio Comparison
UD08.L has a 0.34% expense ratio, which is higher than WRDA.L's 0.06% expense ratio.
Dividends
UD08.L vs. WRDA.L - Dividend Comparison
Neither UD08.L nor WRDA.L has paid dividends to shareholders.
Frequently Asked Questions
UD08.L and WRDA.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WRDA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WRDA.L is cheaper with a 0.06% expense ratio, compared with 0.34% for UD08.L.
UD08.L is categorized as Commodities, while WRDA.L is Global Equities. UD08.L tracks UBS CMCI Ex-Agriculture Ex-Livestock Capped (GBP Hedged), while WRDA.L tracks MSCI World Index. Their fees differ too: 0.34% for UD08.L and 0.06% for WRDA.L.
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