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UEQU.DE vs. CCRV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UEQU.DE vs. CCRV

Last updated Jun 5, 2026

UEQU.DE (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc) and CCRV (iShares Commodity Curve Carry Strategy ETF) are both Commodities funds - UEQU.DE tracks the UBS CMCI Ex Agriculture Ex Livestock Capped while CCRV tracks the CCRV-US - ICE BofA Commodity Enhanced Carry Index. Both are passively managed. A 0.59 correlation means they provide meaningful diversification when combined. UEQU.DE charges 0.34%/yr vs 0.40%/yr for CCRV.

Performance

UEQU.DE vs. CCRV - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc (UEQU.DE) and iShares Commodity Curve Carry Strategy ETF (CCRV). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

UEQU.DE is traded in EUR, while CCRV is traded in USD. To make them comparable, the CCRV values have been converted to EUR using the latest available exchange rates.

Returns By Period

UEQU.DE

1D
-0.80%
1M
1.40%
YTD
25.53%
6M
28.14%
1Y
41.09%
3Y*
14.81%
5Y*
14.40%
10Y*
10.80%

CCRV

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

UEQU.DE vs. CCRV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
UEQU.DE
UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc		25.53%6.36%13.03%-8.33%20.34%46.31%5.32%
CCRV
iShares Commodity Curve Carry Strategy ETF		0.00%-11.88%12.72%2.31%27.35%43.79%4.14%

Correlation

The correlation between UEQU.DE and CCRV is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.22

Correlation (3Y)
Calculated over the trailing 3-year period

0.53

Correlation (5Y)
Calculated over the trailing 5-year period

0.59

Correlation (All Time)
Calculated using the full available price history since Sep 4, 2020

0.59

Over the past year, the correlation between UEQU.DE and CCRV has dropped to 0.22 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc

iShares Commodity Curve Carry Strategy ETF

Often compared with UEQU.DE:
UEQU.DE vs. VUAA.DEUEQU.DE vs. IWDA.ASUEQU.DE vs. IWDA.LUEQU.DE vs. FCO2.DEUEQU.DE vs. WTEH.DEUEQU.DE vs. AW1C.DEUEQU.DE vs. BCFU.DE
Often compared with CCRV:
CCRV vs. SDCICCRV vs. COMCCRV vs. CMDYCCRV vs. USCICCRV vs. SPYCCRV vs. VGTCCRV vs. JPLD

Return for Risk

UEQU.DE vs. CCRV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UEQU.DE
UEQU.DE Risk / Return Rank: 8282
Overall Rank
UEQU.DE Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
UEQU.DE Sortino Ratio Rank: 7777
Sortino Ratio Rank
UEQU.DE Omega Ratio Rank: 7979
Omega Ratio Rank
UEQU.DE Calmar Ratio Rank: 9292
Calmar Ratio Rank
UEQU.DE Martin Ratio Rank: 7979
Martin Ratio Rank
CCRV
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.

UEQU.DE vs. CCRV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc (UEQU.DE) and iShares Commodity Curve Carry Strategy ETF (CCRV). 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.

UEQU.DECCRVDifference
Sharpe ratioReturn per unit of total volatility
2.60

—

—

Sortino ratioReturn per unit of downside risk
3.40

—

—

Omega ratioGain probability vs. loss probability

1.46

—

—

Calmar ratioReturn relative to maximum drawdown

6.29

—

—

Martin ratioReturn relative to average drawdown

15.25

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UEQU.DE vs. CCRV - Sharpe Ratio Comparison

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Sharpe Ratios by Period

UEQU.DECCRVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.60

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.85

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

—

—

Drawdowns

UEQU.DE vs. CCRV - Drawdown Comparison

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Drawdown Indicators

UEQU.DECCRVDifference

Max Drawdown

Largest peak-to-trough decline

-30.56%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-6.50%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-15.66%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-22.44%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-30.56%

—

—

Current Drawdown

Current decline from peak

-1.21%

—

—

Average Drawdown

Average peak-to-trough decline

-8.92%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.69%

—

—

Volatility

UEQU.DE vs. CCRV - Volatility Comparison

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Volatility by Period

UEQU.DECCRVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.91%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

13.03%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

15.73%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.83%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.41%

—

—

UEQU.DE vs. CCRV - Expense Ratio Comparison

UEQU.DE has a 0.34% expense ratio, which is lower than CCRV's 0.40% expense ratio.

Dividends

UEQU.DE vs. CCRV - Dividend Comparison

Neither UEQU.DE nor CCRV has paid dividends to shareholders.

PositionTTM20252024202320222021
CCRV
iShares Commodity Curve Carry Strategy ETF		0.00%0.00%4.43%7.26%33.27%26.22%
UEQU.DE
UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc		0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

UEQU.DE and CCRV have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

UEQU.DE is cheaper with a 0.34% expense ratio, compared with 0.40% for CCRV.

UEQU.DE tracks UBS CMCI Ex Agriculture Ex Livestock Capped, while CCRV tracks CCRV-US - ICE BofA Commodity Enhanced Carry Index. They also come from different issuers: UBS and iShares. Their fees differ too: 0.34% for UEQU.DE and 0.40% for CCRV.

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