UIQK.DE vs. UEQU.DE
UIQK.DE (UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc) and UEQU.DE (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc) are both Commodities funds from UBS - UIQK.DE tracks the UBS CMCI while UEQU.DE tracks the UBS CMCI Ex Agriculture Ex Livestock Capped. Both are passively managed. Over the past 10 years, UIQK.DE returned 8.63%/yr vs 10.80%/yr for UEQU.DE. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.34% expense ratio.
Performance
UIQK.DE vs. UEQU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UIQK.DE achieves a 22.10% return, which is significantly lower than UEQU.DE's 25.53% return. Over the past 10 years, UIQK.DE has underperformed UEQU.DE with an annualized return of 8.63%, while UEQU.DE has yielded a comparatively higher 10.80% 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%
UEQU.DE
- 1D
- -0.80%
- 1M
- 1.40%
- YTD
- 25.53%
- 6M
- 28.14%
- 1Y
- 41.09%
- 3Y*
- 14.81%
- 5Y*
- 14.40%
- 10Y*
- 10.80%
UIQK.DE vs. UEQU.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% |
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% |
Correlation
The correlation between UIQK.DE and UEQU.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 UIQK.DE and UEQU.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
UIQK.DE vs. UEQU.DE — Risk / Return Rank
UIQK.DE
UEQU.DE
UIQK.DE vs. UEQU.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 UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc (UEQU.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 | UEQU.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 | 1.31 | 1.46 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 6.29 | -4.48 |
| Martin ratioReturn relative to average drawdown | 3.75 | 15.25 | -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
| UIQK.DE | UEQU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 2.60 | -1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.85 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.66 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.64 | -0.37 |
Drawdowns
UIQK.DE vs. UEQU.DE - Drawdown Comparison
The maximum UIQK.DE drawdown since its inception was -40.58%, which is greater than UEQU.DE's maximum drawdown of -30.56%. Use the drawdown chart below to compare losses from any high point for UIQK.DE and UEQU.DE.
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Drawdown Indicators
| UIQK.DE | UEQU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.58% | -30.56% | -10.02% |
Max Drawdown (1Y)Largest decline over 1 year | -15.84% | -6.50% | -9.34% |
Max Drawdown (3Y)Largest decline over 3 years | -15.84% | -15.66% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -17.37% | -22.44% | +5.07% |
Max Drawdown (10Y)Largest decline over 10 years | -30.72% | -30.56% | -0.16% |
Current DrawdownCurrent decline from peak | -3.23% | -1.21% | -2.02% |
Average DrawdownAverage peak-to-trough decline | -14.71% | -8.92% | -5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.66% | 2.69% | +4.97% |
Volatility
UIQK.DE vs. UEQU.DE - Volatility Comparison
UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UIQK.DE) has a higher volatility of 5.01% compared to UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc (UEQU.DE) at 3.91%. This indicates that UIQK.DE's price experiences larger fluctuations and is considered to be riskier than UEQU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UIQK.DE | UEQU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 3.91% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.05% | 13.03% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.76% | 15.73% | +10.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.74% | 16.83% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.90% | 16.41% | -0.51% |
UIQK.DE vs. UEQU.DE - Expense Ratio Comparison
Both UIQK.DE and UEQU.DE have an expense ratio of 0.34%.
Dividends
UIQK.DE vs. UEQU.DE - Dividend Comparison
Neither UIQK.DE nor UEQU.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, UIQK.DE and UEQU.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.
UIQK.DE and UEQU.DE have the same expense ratio: 0.34% per year.
UIQK.DE tracks UBS CMCI, while UEQU.DE tracks UBS CMCI Ex Agriculture Ex Livestock Capped.
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