WTEH.DE vs. UIQK.DE

Last updated Jun 5, 2026

WTEH.DE (WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc) and UIQK.DE (UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc) are both Commodities funds - WTEH.DE tracks the Optimized Roll Commodity (EUR Hedged) while UIQK.DE tracks the UBS CMCI. Both are passively managed. Over the past 5 years, WTEH.DE returned 9.32%/yr vs 12.61%/yr for UIQK.DE. A 0.74 correlation means they provide meaningful diversification when combined. WTEH.DE charges 0.35%/yr vs 0.34%/yr for UIQK.DE.

Performance

WTEH.DE vs. UIQK.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc (WTEH.DE) and UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UIQK.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WTEH.DE achieves a 28.87% return, which is significantly higher than UIQK.DE's 22.10% return.

WTEH.DE

• 1D: -1.21%
• 1M: -0.63%
• YTD: 28.87%
• 6M: 30.95%
• 1Y: 40.23%
• 3Y*: 14.16%
• 5Y*: 9.32%
• 10Y*: —

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%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
WTEH.DE WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc	28.87%	14.12%	1.38%	-8.99%	8.44%	27.25%	5.11%
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%	8.18%

Correlation

The correlation between WTEH.DE and UIQK.DE is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Sep 8, 2020	0.74

The correlation between WTEH.DE and UIQK.DE has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.

Return for Risk

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

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

WTEH.DE

WTEH.DE Risk / Return Rank: 80
WTEH.DE Sharpe Ratio Rank: 78
WTEH.DE Sortino Ratio Rank: 70
WTEH.DE Omega Ratio Rank: 77
WTEH.DE Calmar Ratio Rank: 94
WTEH.DE Martin Ratio Rank: 82

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

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.

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

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc (WTEH.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.

	WTEH.DE	UIQK.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.50	1.11	+1.38
Sortino ratio: Return per unit of downside risk	3.15	1.65	+1.50
Omega ratio: Gain probability vs. loss probability	1.45	1.31	+0.14
Calmar ratio: Return relative to maximum drawdown	6.93	1.81	+5.12
Martin ratio: Return relative to average drawdown	15.94	3.75	+12.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current WTEH.DE Sharpe Ratio is 2.50, which is higher than the UIQK.DE Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of WTEH.DE and UIQK.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

	WTEH.DE	UIQK.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	1.11	+1.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.70	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.28	+0.58

Drawdowns

WTEH.DE vs. UIQK.DE - Drawdown Comparison

The maximum WTEH.DE drawdown since its inception was -28.22%, smaller than the maximum UIQK.DE drawdown of -40.58%. Use the drawdown chart below to compare losses from any high point for WTEH.DE and UIQK.DE.

Drawdown Indicators

	WTEH.DE	UIQK.DE	Difference
Max Drawdown Largest peak-to-trough decline	-28.22%	-40.58%	+12.36%
Max Drawdown (1Y) Largest decline over 1 year	-5.93%	-15.84%	+9.91%
Max Drawdown (3Y) Largest decline over 3 years	-10.31%	-15.84%	+5.53%
Max Drawdown (5Y) Largest decline over 5 years	-28.22%	-17.37%	-10.85%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.72%	—
Current Drawdown Current decline from peak	-4.05%	-3.23%	-0.82%
Average Drawdown Average peak-to-trough decline	-14.64%	-14.71%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	7.66%	-5.08%

Volatility

WTEH.DE vs. UIQK.DE - Volatility Comparison

WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc (WTEH.DE) and UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UIQK.DE) have volatilities of 5.17% and 5.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTEH.DE	UIQK.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.17%	5.01%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	14.77%	12.05%	+2.72%
Volatility (1Y) Calculated over the trailing 1-year period	16.45%	25.76%	-9.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	17.74%	-2.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.39%	15.90%	-0.51%

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

WTEH.DE has a 0.35% expense ratio, which is higher than UIQK.DE's 0.34% expense ratio.

Dividends

WTEH.DE vs. UIQK.DE - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

WTEH.DE and UIQK.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

UIQK.DE is cheaper with a 0.34% expense ratio, compared with 0.35% for WTEH.DE.

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

WTEH.DE tracks Optimized Roll Commodity (EUR Hedged), while UIQK.DE tracks UBS CMCI. They also come from different issuers: WisdomTree and UBS. Their fees differ too: 0.35% for WTEH.DE and 0.34% for UIQK.DE.