UEQU.DE vs. UET5.DE

Last updated Jun 5, 2026

UEQU.DE (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc) and UET5.DE (UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist) are both exchange-traded funds - UEQU.DE is a Commodities fund tracking the UBS CMCI Ex Agriculture Ex Livestock Capped, while UET5.DE is a Europe Equities fund tracking the EURO STOXX® 50 ESG. Both are passively managed. Over the past 5 years, UEQU.DE returned 14.40%/yr vs 13.80%/yr for UET5.DE. At a 0.18 correlation, their price movements are largely independent. UEQU.DE charges 0.34%/yr vs 0.10%/yr for UET5.DE.

Performance

UEQU.DE vs. UET5.DE - 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 UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist (UET5.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UEQU.DE achieves a 25.53% return, which is significantly higher than UET5.DE's 8.56% 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%

UET5.DE

• 1D: 0.78%
• 1M: 2.28%
• YTD: 8.56%
• 6M: 10.09%
• 1Y: 18.93%
• 3Y*: 18.86%
• 5Y*: 13.80%
• 10Y*: —

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

UEQU.DE vs. UET5.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
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%	7.44%
UET5.DE UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist	8.56%	25.92%	12.78%	25.36%	-9.35%	26.94%	0.18%	15.08%

Correlation

The correlation between UEQU.DE and UET5.DE is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (All Time) Calculated using the full available price history since Aug 7, 2019	0.18

The correlation between UEQU.DE and UET5.DE shifts across timeframes, from -0.15 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

Return for Risk

UEQU.DE vs. UET5.DE — 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: 82
UEQU.DE Sharpe Ratio Rank: 82
UEQU.DE Sortino Ratio Rank: 77
UEQU.DE Omega Ratio Rank: 79
UEQU.DE Calmar Ratio Rank: 92
UEQU.DE Martin Ratio Rank: 79

UET5.DE

UET5.DE Risk / Return Rank: 33
UET5.DE Sharpe Ratio Rank: 31
UET5.DE Sortino Ratio Rank: 33
UET5.DE Omega Ratio Rank: 32
UET5.DE Calmar Ratio Rank: 33
UET5.DE Martin Ratio Rank: 37

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. UET5.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 UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist (UET5.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	UET5.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.60	1.12	+1.48
Sortino ratio: Return per unit of downside risk	3.40	1.74	+1.66
Omega ratio: Gain probability vs. loss probability	1.46	1.21	+0.25
Calmar ratio: Return relative to maximum drawdown	6.29	1.61	+4.68
Martin ratio: Return relative to average drawdown	15.25	5.64	+9.62
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. UET5.DE - Sharpe Ratio Comparison

The current UEQU.DE Sharpe Ratio is 2.60, which is higher than the UET5.DE Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of UEQU.DE and UET5.DE, 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

	UEQU.DE	UET5.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	1.12	+1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.79	+0.06
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	0.74	-0.10

Drawdowns

UEQU.DE vs. UET5.DE - Drawdown Comparison

The maximum UEQU.DE drawdown since its inception was -30.56%, smaller than the maximum UET5.DE drawdown of -37.03%. Use the drawdown chart below to compare losses from any high point for UEQU.DE and UET5.DE.

Drawdown Indicators

	UEQU.DE	UET5.DE	Difference
Max Drawdown Largest peak-to-trough decline	-30.56%	-37.03%	+6.47%
Max Drawdown (1Y) Largest decline over 1 year	-6.50%	-11.81%	+5.31%
Max Drawdown (3Y) Largest decline over 3 years	-15.66%	-15.56%	-0.10%
Max Drawdown (5Y) Largest decline over 5 years	-22.44%	-23.13%	+0.69%
Max Drawdown (10Y) Largest decline over 10 years	-30.56%	—	—
Current Drawdown Current decline from peak	-1.21%	-0.35%	-0.86%
Average Drawdown Average peak-to-trough decline	-8.92%	-4.98%	-3.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	3.39%	-0.70%

Volatility

UEQU.DE vs. UET5.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 UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist (UET5.DE) has a volatility of 5.06%. This indicates that UEQU.DE experiences smaller price fluctuations and is considered to be less risky than UET5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UEQU.DE	UET5.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	5.06%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	13.03%	13.82%	-0.79%
Volatility (1Y) Calculated over the trailing 1-year period	15.73%	16.97%	-1.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.83%	17.27%	-0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.41%	19.69%	-3.28%

UEQU.DE vs. UET5.DE - Expense Ratio Comparison

UEQU.DE has a 0.34% expense ratio, which is higher than UET5.DE's 0.10% expense ratio.

Dividends

UEQU.DE vs. UET5.DE - Dividend Comparison

UEQU.DE has not paid dividends to shareholders, while UET5.DE's dividend yield for the trailing twelve months is around 2.92%.

Position	TTM	2025	2024	2023	2022	2021	2020
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%	0.00%
UET5.DE UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist	2.92%	2.15%	3.28%	2.96%	3.06%	1.90%	1.93%

Frequently Asked Questions

Can I hold both UEQU.DE and UET5.DE in my portfolio?

UEQU.DE and UET5.DE have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UEQU.DE or UET5.DE?

On fees, UET5.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UEQU.DE or UET5.DE?

UET5.DE is cheaper with a 0.10% expense ratio, compared with 0.34% for UEQU.DE.

What is the main difference between UEQU.DE and UET5.DE?

UEQU.DE is categorized as Commodities, while UET5.DE is Europe Equities. UEQU.DE tracks UBS CMCI Ex Agriculture Ex Livestock Capped, while UET5.DE tracks EURO STOXX® 50 ESG. Their fees differ too: 0.34% for UEQU.DE and 0.10% for UET5.DE.