UIQ1.DE vs. CMOE.DE
UIQ1.DE (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (EUR Hedged) Acc) and CMOE.DE (Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc) are both Commodities funds - UIQ1.DE tracks the UBS CMCI Ex Agriculture Ex Livestock Capped (EUR Hedged) while CMOE.DE tracks the Bloomberg Commodity (EUR Hedged). Both are passively managed. Over the past 3 years, UIQ1.DE returned 15.74%/yr vs 13.22%/yr for CMOE.DE. Their correlation of 0.84 suggests significant overlap in exposure. UIQ1.DE charges 0.34%/yr vs 0.24%/yr for CMOE.DE.
Performance
UIQ1.DE vs. CMOE.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with UIQ1.DE having a 22.64% return and CMOE.DE slightly lower at 21.57%.
UIQ1.DE
- 1D
- -1.00%
- 1M
- 0.39%
- YTD
- 22.64%
- 6M
- 26.02%
- 1Y
- 39.84%
- 3Y*
- 15.74%
- 5Y*
- 10.90%
- 10Y*
- —
CMOE.DE
- 1D
- -1.32%
- 1M
- -3.82%
- YTD
- 21.57%
- 6M
- 23.28%
- 1Y
- 34.75%
- 3Y*
- 13.22%
- 5Y*
- —
- 10Y*
- —
UIQ1.DE vs. CMOE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UIQ1.DE UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (EUR Hedged) Acc | 22.64% | 17.35% | 4.90% | -7.27% | -0.85% |
CMOE.DE Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc | 21.57% | 14.96% | 2.92% | -9.62% | -0.48% |
Correlation
The correlation between UIQ1.DE and CMOE.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022 | 0.84 |
The correlation between UIQ1.DE and CMOE.DE has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UIQ1.DE vs. CMOE.DE — Risk / Return Rank
UIQ1.DE
CMOE.DE
UIQ1.DE vs. CMOE.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 (EUR Hedged) Acc (UIQ1.DE) and Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.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.
| UIQ1.DE | CMOE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.37 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.99 | 4.49 | +1.50 |
| Martin ratioReturn relative to average drawdown | 16.75 | 10.26 | +6.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| UIQ1.DE | CMOE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.64 | 2.00 | +0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.37 | +0.14 |
Drawdowns
UIQ1.DE vs. CMOE.DE - Drawdown Comparison
The maximum UIQ1.DE drawdown since its inception was -39.99%, which is greater than CMOE.DE's maximum drawdown of -29.97%. Use the drawdown chart below to compare losses from any high point for UIQ1.DE and CMOE.DE.
Loading charts...
Drawdown Indicators
| UIQ1.DE | CMOE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.99% | -29.97% | -10.02% |
Max Drawdown (1Y)Largest decline over 1 year | -6.62% | -7.70% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -13.55% | -11.83% | -1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -30.51% | — | — |
Current DrawdownCurrent decline from peak | -2.05% | -5.48% | +3.43% |
Average DrawdownAverage peak-to-trough decline | -15.09% | -19.33% | +4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 3.38% | -1.01% |
Volatility
UIQ1.DE vs. CMOE.DE - Volatility Comparison
The current volatility for UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (EUR Hedged) Acc (UIQ1.DE) is 3.79%, while Invesco Bloomberg Commodity UCITS ETF (EUR Hedged) Acc (CMOE.DE) has a volatility of 5.18%. This indicates that UIQ1.DE experiences smaller price fluctuations and is considered to be less risky than CMOE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UIQ1.DE | CMOE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 5.18% | -1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 12.91% | 15.26% | -2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.03% | 17.28% | -2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 16.62% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.45% | 16.62% | +0.83% |
UIQ1.DE vs. CMOE.DE - Expense Ratio Comparison
UIQ1.DE has a 0.34% expense ratio, which is higher than CMOE.DE's 0.24% expense ratio.
Dividends
UIQ1.DE vs. CMOE.DE - Dividend Comparison
Neither UIQ1.DE nor CMOE.DE has paid dividends to shareholders.
Frequently Asked Questions
UIQ1.DE and CMOE.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMOE.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMOE.DE is cheaper with a 0.24% expense ratio, compared with 0.34% for UIQ1.DE.
UIQ1.DE tracks UBS CMCI Ex Agriculture Ex Livestock Capped (EUR Hedged), while CMOE.DE tracks Bloomberg Commodity (EUR Hedged). They also come from different issuers: UBS and Invesco. Their fees differ too: 0.34% for UIQ1.DE and 0.24% for CMOE.DE.
Find the right allocation for UIQ1.DE and CMOE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer