UIQK.DE vs. XAAG.DE
UIQK.DE (UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc) and XAAG.DE (Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc) are both Commodities funds - UIQK.DE tracks the UBS CMCI while XAAG.DE tracks the Bloomberg Commodity ex-Agriculture and Livestock. Both are passively managed. Over the past 5 years, UIQK.DE returned 12.61%/yr vs 14.95%/yr for XAAG.DE. Their correlation of 0.82 suggests significant overlap in exposure. UIQK.DE charges 0.34%/yr vs 0.19%/yr for XAAG.DE.
Performance
UIQK.DE vs. XAAG.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 XAAG.DE's 27.69% 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%
XAAG.DE
- 1D
- -0.56%
- 1M
- 0.44%
- YTD
- 27.69%
- 6M
- 30.58%
- 1Y
- 47.37%
- 3Y*
- 17.71%
- 5Y*
- 14.95%
- 10Y*
- —
UIQK.DE vs. XAAG.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% | 3.76% |
XAAG.DE Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc | 27.69% | 12.13% | 14.84% | -14.76% | 23.35% | 39.76% | -19.46% | 12.99% | -5.11% | 4.28% |
Correlation
The correlation between UIQK.DE and XAAG.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 31, 2017 | 0.82 |
The correlation between UIQK.DE and XAAG.DE has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.
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Return for Risk
UIQK.DE vs. XAAG.DE — Risk / Return Rank
UIQK.DE
XAAG.DE
UIQK.DE vs. XAAG.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 Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.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 | XAAG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.39 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 4.08 | -2.27 |
| Martin ratioReturn relative to average drawdown | 3.75 | 9.65 | -5.90 |
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 | XAAG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 2.17 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.73 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.49 | -0.21 |
Drawdowns
UIQK.DE vs. XAAG.DE - Drawdown Comparison
The maximum UIQK.DE drawdown since its inception was -40.58%, which is greater than XAAG.DE's maximum drawdown of -33.85%. Use the drawdown chart below to compare losses from any high point for UIQK.DE and XAAG.DE.
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Drawdown Indicators
| UIQK.DE | XAAG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.58% | -33.85% | -6.73% |
Max Drawdown (1Y)Largest decline over 1 year | -15.84% | -11.54% | -4.30% |
Max Drawdown (3Y)Largest decline over 3 years | -15.84% | -16.26% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -17.37% | -33.85% | +16.48% |
Max Drawdown (10Y)Largest decline over 10 years | -30.72% | — | — |
Current DrawdownCurrent decline from peak | -3.23% | -2.54% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -14.71% | -13.88% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.66% | 4.89% | +2.77% |
Volatility
UIQK.DE vs. XAAG.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 Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.DE) at 4.71%. This indicates that UIQK.DE's price experiences larger fluctuations and is considered to be riskier than XAAG.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 | XAAG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 4.71% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 12.05% | 18.81% | -6.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.76% | 21.76% | +4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.74% | 20.32% | -2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.90% | 18.40% | -2.50% |
UIQK.DE vs. XAAG.DE - Expense Ratio Comparison
UIQK.DE has a 0.34% expense ratio, which is higher than XAAG.DE's 0.19% expense ratio.
Dividends
UIQK.DE vs. XAAG.DE - Dividend Comparison
Neither UIQK.DE nor XAAG.DE has paid dividends to shareholders.
Frequently Asked Questions
UIQK.DE and XAAG.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XAAG.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XAAG.DE is cheaper with a 0.19% expense ratio, compared with 0.34% for UIQK.DE.
UIQK.DE tracks UBS CMCI, while XAAG.DE tracks Bloomberg Commodity ex-Agriculture and Livestock. They also come from different issuers: UBS and Invesco. Their fees differ too: 0.34% for UIQK.DE and 0.19% for XAAG.DE.
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