UEQU.DE vs. EXXY.DE
UEQU.DE (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc) and EXXY.DE (iShares Diversified Commodity Swap UCITS ETF (DE)) are both Commodities funds - UEQU.DE tracks the UBS CMCI Ex Agriculture Ex Livestock Capped while EXXY.DE tracks the Bloomberg Commodity. Both are passively managed. Over the past 10 years, UEQU.DE returned 10.80%/yr vs 5.66%/yr for EXXY.DE. Their correlation of 0.85 suggests significant overlap in exposure. UEQU.DE charges 0.34%/yr vs 0.46%/yr for EXXY.DE.
Performance
UEQU.DE vs. EXXY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEQU.DE achieves a 25.53% return, which is significantly higher than EXXY.DE's 23.43% return. Over the past 10 years, UEQU.DE has outperformed EXXY.DE with an annualized return of 10.80%, while EXXY.DE has yielded a comparatively lower 5.66% annualized return.
UEQU.DE
- 1D
- -0.80%
- 1M
- 2.99%
- YTD
- 25.53%
- 6M
- 26.95%
- 1Y
- 40.51%
- 3Y*
- 14.81%
- 5Y*
- 14.40%
- 10Y*
- 10.80%
EXXY.DE
- 1D
- -1.47%
- 1M
- -0.31%
- YTD
- 23.43%
- 6M
- 22.49%
- 1Y
- 33.55%
- 3Y*
- 11.64%
- 5Y*
- 11.46%
- 10Y*
- 5.66%
UEQU.DE vs. EXXY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -10.57% | 14.71% | -7.23% | 1.50% |
EXXY.DE iShares Diversified Commodity Swap UCITS ETF (DE) | 23.43% | 3.90% | 10.13% | -10.90% | 21.43% | 38.49% | -14.34% | 8.73% | -6.18% | -12.20% |
Correlation
The correlation between UEQU.DE and EXXY.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 12, 2016 | 0.85 |
The correlation between UEQU.DE and EXXY.DE has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
UEQU.DE vs. EXXY.DE — Risk / Return Rank
UEQU.DE
EXXY.DE
UEQU.DE vs. EXXY.DE - 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 Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE). 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.DE | EXXY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.32 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.29 | 3.78 | +2.52 |
| Martin ratioReturn relative to average drawdown | 15.25 | 8.41 | +6.84 |
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
| UEQU.DE | EXXY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 1.78 | +0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.65 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.37 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.02 | +0.63 |
Drawdowns
UEQU.DE vs. EXXY.DE - Drawdown Comparison
The maximum UEQU.DE drawdown since its inception was -30.56%, smaller than the maximum EXXY.DE drawdown of -65.58%. Use the drawdown chart below to compare losses from any high point for UEQU.DE and EXXY.DE.
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Drawdown Indicators
| UEQU.DE | EXXY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.56% | -65.58% | +35.02% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -8.95% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -15.66% | -16.31% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -22.44% | -28.03% | +5.59% |
Max Drawdown (10Y)Largest decline over 10 years | -30.56% | -33.54% | +2.98% |
Current DrawdownCurrent decline from peak | -1.21% | -16.97% | +15.76% |
Average DrawdownAverage peak-to-trough decline | -8.92% | -40.08% | +31.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 4.03% | -1.34% |
Volatility
UEQU.DE vs. EXXY.DE - Volatility Comparison
The current volatility for UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc (UEQU.DE) is 3.91%, while iShares Diversified Commodity Swap UCITS ETF (DE) (EXXY.DE) has a volatility of 5.99%. This indicates that UEQU.DE experiences smaller price fluctuations and is considered to be less risky than EXXY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEQU.DE | EXXY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 5.99% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 13.03% | 16.80% | -3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.73% | 18.98% | -3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 17.55% | -0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.41% | 15.32% | +1.09% |
UEQU.DE vs. EXXY.DE - Expense Ratio Comparison
UEQU.DE has a 0.34% expense ratio, which is lower than EXXY.DE's 0.46% expense ratio.
Dividends
UEQU.DE vs. EXXY.DE - Dividend Comparison
Neither UEQU.DE nor EXXY.DE has paid dividends to shareholders.
Frequently Asked Questions
UEQU.DE and EXXY.DE have a correlation of 0.90, 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 0.46% for EXXY.DE.
UEQU.DE tracks UBS CMCI Ex Agriculture Ex Livestock Capped, while EXXY.DE tracks Bloomberg Commodity. They also come from different issuers: UBS and iShares. Their fees differ too: 0.34% for UEQU.DE and 0.46% for EXXY.DE.
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