UEQU.DE vs. UIQK.DE
UEQU.DE (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc) and UIQK.DE (UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc) are both Commodities funds from UBS - UEQU.DE tracks the UBS CMCI Ex Agriculture Ex Livestock Capped while UIQK.DE tracks the UBS CMCI. Both are passively managed. Over the past 10 years, UEQU.DE returned 10.80%/yr vs 8.63%/yr for UIQK.DE. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.34% expense ratio.
Performance
UEQU.DE vs. UIQK.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 UIQK.DE's 22.10% return. Over the past 10 years, UEQU.DE has outperformed UIQK.DE with an annualized return of 10.80%, while UIQK.DE has yielded a comparatively lower 8.63% 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%
UIQK.DE
- 1D
- -1.26%
- 1M
- 1.24%
- YTD
- 22.10%
- 6M
- 22.34%
- 1Y
- 28.12%
- 3Y*
- 10.29%
- 5Y*
- 12.61%
- 10Y*
- 8.63%
UEQU.DE vs. UIQK.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% |
UIQK.DE UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc | 22.10% | -1.67% | 10.72% | -4.23% | 22.43% | 46.71% | -8.90% | 12.48% | -6.36% | -6.03% |
Correlation
The correlation between UEQU.DE and UIQK.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 | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since May 12, 2016 | 0.91 |
The correlation between UEQU.DE and UIQK.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
UEQU.DE vs. UIQK.DE — Risk / Return Rank
UEQU.DE
UIQK.DE
UEQU.DE vs. UIQK.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 (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UIQK.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 | UIQK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.31 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 6.29 | 1.81 | +4.48 |
| Martin ratioReturn relative to average drawdown | 15.25 | 3.75 | +11.50 |
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 | UIQK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 1.11 | +1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.70 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.54 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.28 | +0.37 |
Drawdowns
UEQU.DE vs. UIQK.DE - Drawdown Comparison
The maximum UEQU.DE drawdown since its inception was -30.56%, smaller than the maximum UIQK.DE drawdown of -40.58%. Use the drawdown chart below to compare losses from any high point for UEQU.DE and UIQK.DE.
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Drawdown Indicators
| UEQU.DE | UIQK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.56% | -40.58% | +10.02% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -15.84% | +9.34% |
Max Drawdown (3Y)Largest decline over 3 years | -15.66% | -15.84% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -22.44% | -17.37% | -5.07% |
Max Drawdown (10Y)Largest decline over 10 years | -30.56% | -30.72% | +0.16% |
Current DrawdownCurrent decline from peak | -1.21% | -3.23% | +2.02% |
Average DrawdownAverage peak-to-trough decline | -8.92% | -14.71% | +5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 7.66% | -4.97% |
Volatility
UEQU.DE vs. UIQK.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 (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UIQK.DE) has a volatility of 5.01%. This indicates that UEQU.DE experiences smaller price fluctuations and is considered to be less risky than UIQK.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 | UIQK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 5.01% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 13.03% | 12.05% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.73% | 25.76% | -10.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 17.74% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.41% | 15.90% | +0.51% |
UEQU.DE vs. UIQK.DE - Expense Ratio Comparison
Both UEQU.DE and UIQK.DE have an expense ratio of 0.34%.
Dividends
UEQU.DE vs. UIQK.DE - Dividend Comparison
Neither UEQU.DE nor UIQK.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, UEQU.DE and UIQK.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.
Both ETFs have the same 0.34% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
UEQU.DE and UIQK.DE have the same expense ratio: 0.34% per year.
UEQU.DE tracks UBS CMCI Ex Agriculture Ex Livestock Capped, while UIQK.DE tracks UBS CMCI.
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