UIQK.DE vs. M9SA.DE

Last updated Jun 5, 2026

UIQK.DE (UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc) and M9SA.DE (Market Access Rogers International Commodity UCITS ETF) are both Commodities funds - UIQK.DE tracks the UBS CMCI while M9SA.DE tracks the Rogers International Commodity (RICI). Both are passively managed. Over the past 10 years, UIQK.DE returned 8.63%/yr vs 7.64%/yr for M9SA.DE. Their correlation of 0.86 suggests significant overlap in exposure. UIQK.DE charges 0.34%/yr vs 0.60%/yr for M9SA.DE.

Performance

UIQK.DE vs. M9SA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UIQK.DE) and Market Access Rogers International Commodity UCITS ETF (M9SA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UIQK.DE achieves a 22.10% return, which is significantly lower than M9SA.DE's 32.08% return. Over the past 10 years, UIQK.DE has outperformed M9SA.DE with an annualized return of 8.63%, while M9SA.DE has yielded a comparatively lower 7.64% annualized return.

UIQK.DE

• 1D: -1.26%
• 1M: -0.77%
• YTD: 22.10%
• 6M: 23.08%
• 1Y: 28.80%
• 3Y*: 10.29%
• 5Y*: 12.61%
• 10Y*: 8.63%

M9SA.DE

• 1D: -1.46%
• 1M: -3.15%
• YTD: 32.08%
• 6M: 32.39%
• 1Y: 39.29%
• 3Y*: 12.05%
• 5Y*: 13.63%
• 10Y*: 7.64%

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

UIQK.DE vs. M9SA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
M9SA.DE Market Access Rogers International Commodity UCITS ETF	32.08%	-4.38%	10.96%	-8.16%	23.00%	52.58%	-18.26%	13.66%	-5.52%	-10.12%

Correlation

The correlation between UIQK.DE and M9SA.DE is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since May 27, 2013	0.86

The correlation between UIQK.DE and M9SA.DE has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

Return for Risk

UIQK.DE vs. M9SA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UIQK.DE

UIQK.DE Risk / Return Rank: 36
UIQK.DE Sharpe Ratio Rank: 32
UIQK.DE Sortino Ratio Rank: 31
UIQK.DE Omega Ratio Rank: 51
UIQK.DE Calmar Ratio Rank: 37
UIQK.DE Martin Ratio Rank: 27

M9SA.DE

M9SA.DE Risk / Return Rank: 57
M9SA.DE Sharpe Ratio Rank: 53
M9SA.DE Sortino Ratio Rank: 46
M9SA.DE Omega Ratio Rank: 55
M9SA.DE Calmar Ratio Rank: 83
M9SA.DE Martin Ratio Rank: 50

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.

UIQK.DE vs. M9SA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UIQK.DE) and Market Access Rogers International Commodity UCITS ETF (M9SA.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.

	UIQK.DE	M9SA.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.11	1.77	-0.66
Sortino ratio: Return per unit of downside risk	1.65	2.27	-0.62
Omega ratio: Gain probability vs. loss probability	1.31	1.33	-0.02
Calmar ratio: Return relative to maximum drawdown	1.81	4.36	-2.54
Martin ratio: Return relative to average drawdown	3.75	8.24	-4.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UIQK.DE vs. M9SA.DE - Sharpe Ratio Comparison

The current UIQK.DE Sharpe Ratio is 1.11, which is lower than the M9SA.DE Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of UIQK.DE and M9SA.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

	UIQK.DE	M9SA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	1.77	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.70	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.42	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.07	+0.21

Drawdowns

UIQK.DE vs. M9SA.DE - Drawdown Comparison

The maximum UIQK.DE drawdown since its inception was -40.58%, smaller than the maximum M9SA.DE drawdown of -68.53%. Use the drawdown chart below to compare losses from any high point for UIQK.DE and M9SA.DE.

Drawdown Indicators

	UIQK.DE	M9SA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-40.58%	-68.53%	+27.95%
Max Drawdown (1Y) Largest decline over 1 year	-15.84%	-8.98%	-6.86%
Max Drawdown (3Y) Largest decline over 3 years	-15.84%	-17.75%	+1.91%
Max Drawdown (5Y) Largest decline over 5 years	-17.37%	-27.06%	+9.69%
Max Drawdown (10Y) Largest decline over 10 years	-30.72%	-42.54%	+11.82%
Current Drawdown Current decline from peak	-3.23%	-5.62%	+2.39%
Average Drawdown Average peak-to-trough decline	-14.71%	-33.68%	+18.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.66%	4.76%	+2.90%

Volatility

UIQK.DE vs. M9SA.DE - Volatility Comparison

The current volatility for UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UIQK.DE) is 5.01%, while Market Access Rogers International Commodity UCITS ETF (M9SA.DE) has a volatility of 6.09%. This indicates that UIQK.DE experiences smaller price fluctuations and is considered to be less risky than M9SA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UIQK.DE	M9SA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.01%	6.09%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	12.05%	19.44%	-7.39%
Volatility (1Y) Calculated over the trailing 1-year period	25.76%	22.09%	+3.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.74%	19.25%	-1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.90%	18.11%	-2.21%

UIQK.DE vs. M9SA.DE - Expense Ratio Comparison

UIQK.DE has a 0.34% expense ratio, which is lower than M9SA.DE's 0.60% expense ratio.

Dividends

UIQK.DE vs. M9SA.DE - Dividend Comparison

Neither UIQK.DE nor M9SA.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UIQK.DE and M9SA.DE in my portfolio?

UIQK.DE and M9SA.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UIQK.DE or M9SA.DE?

On fees, UIQK.DE is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UIQK.DE or M9SA.DE?

UIQK.DE is cheaper with a 0.34% expense ratio, compared with 0.60% for M9SA.DE.

What is the main difference between UIQK.DE and M9SA.DE?

UIQK.DE tracks UBS CMCI, while M9SA.DE tracks Rogers International Commodity (RICI). They also come from different issuers: UBS and China Post Global. Their fees differ too: 0.34% for UIQK.DE and 0.60% for M9SA.DE.