UEQU.DE vs. SXRS.DE
UEQU.DE (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc) and SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) are both Commodities funds - UEQU.DE tracks the UBS CMCI Ex Agriculture Ex Livestock Capped while SXRS.DE tracks the Bloomberg Commodity. Both are passively managed. Over the past 5 years, UEQU.DE returned 14.40%/yr vs 12.06%/yr for SXRS.DE. Their correlation of 0.86 suggests significant overlap in exposure. UEQU.DE charges 0.34%/yr vs 0.19%/yr for SXRS.DE.
Performance
UEQU.DE vs. SXRS.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 SXRS.DE's 23.84% 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%
SXRS.DE
- 1D
- -1.56%
- 1M
- -0.35%
- YTD
- 23.84%
- 6M
- 22.88%
- 1Y
- 34.67%
- 3Y*
- 12.54%
- 5Y*
- 12.06%
- 10Y*
- —
UEQU.DE vs. SXRS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -8.74% |
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 23.84% | 4.72% | 10.95% | -10.44% | 20.69% | 40.00% | -13.37% | 9.72% | -6.15% |
Correlation
The correlation between UEQU.DE and SXRS.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 | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.86 |
The correlation between UEQU.DE and SXRS.DE has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
UEQU.DE vs. SXRS.DE — Risk / Return Rank
UEQU.DE
SXRS.DE
UEQU.DE vs. SXRS.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 (SXRS.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 | SXRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.34 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 6.29 | 4.00 | +2.29 |
| Martin ratioReturn relative to average drawdown | 15.25 | 8.95 | +6.30 |
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 | SXRS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 1.87 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.70 | +0.15 |
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 | 0.53 | +0.11 |
Drawdowns
UEQU.DE vs. SXRS.DE - Drawdown Comparison
The maximum UEQU.DE drawdown since its inception was -30.56%, which is greater than SXRS.DE's maximum drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for UEQU.DE and SXRS.DE.
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Drawdown Indicators
| UEQU.DE | SXRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.56% | -27.64% | -2.92% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -8.75% | +2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -15.66% | -16.03% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -22.44% | -27.56% | +5.12% |
Max Drawdown (10Y)Largest decline over 10 years | -30.56% | — | — |
Current DrawdownCurrent decline from peak | -1.21% | -4.99% | +3.78% |
Average DrawdownAverage peak-to-trough decline | -8.92% | -13.12% | +4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 3.92% | -1.23% |
Volatility
UEQU.DE vs. SXRS.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 (SXRS.DE) has a volatility of 5.76%. This indicates that UEQU.DE experiences smaller price fluctuations and is considered to be less risky than SXRS.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 | SXRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 5.76% | -1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 13.03% | 16.67% | -3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.73% | 18.76% | -3.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 17.13% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.41% | 15.85% | +0.56% |
UEQU.DE vs. SXRS.DE - Expense Ratio Comparison
UEQU.DE has a 0.34% expense ratio, which is higher than SXRS.DE's 0.19% expense ratio.
Dividends
UEQU.DE vs. SXRS.DE - Dividend Comparison
Neither UEQU.DE nor SXRS.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, UEQU.DE and SXRS.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.34% for UEQU.DE.
UEQU.DE tracks UBS CMCI Ex Agriculture Ex Livestock Capped, while SXRS.DE tracks Bloomberg Commodity. They also come from different issuers: UBS and iShares. Their fees differ too: 0.34% for UEQU.DE and 0.19% for SXRS.DE.
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