XBCU.L vs. UC15.L

Last updated Apr 3, 2026

Compare and contrast key facts about Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XBCU.L) and UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L).

XBCU.L and UC15.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBCU.L is a passively managed fund by DWS that tracks the performance of the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward. It was launched on Apr 9, 2010. UC15.L is a passively managed fund by UBS that tracks the performance of the UBS CMCI. It was launched on Dec 20, 2010. Both XBCU.L and UC15.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XBCU.L vs. UC15.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XBCU.L) and UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L). The values are adjusted to include any dividend payments, if applicable.

XBCU.L vs. UC15.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XBCU.L Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C	15.36%	26.09%	8.64%	-9.97%	20.96%	39.63%	-1.34%	7.54%	-11.30%	5.31%
UC15.L UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc	15.51%	10.31%	4.66%	-1.58%	16.07%	34.87%	0.50%	9.54%	-10.61%	6.45%

Different Trading Currencies

XBCU.L is traded in USD, while UC15.L is traded in GBp. To make them comparable, the UC15.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with XBCU.L having a 15.36% return and UC15.L slightly higher at 15.51%. Over the past 10 years, XBCU.L has outperformed UC15.L with an annualized return of 10.63%, while UC15.L has yielded a comparatively lower 9.75% annualized return.

XBCU.L

• 1D: -0.45%
• 1M: 0.60%
• YTD: 15.36%
• 6M: 27.78%
• 1Y: 30.08%
• 3Y*: 14.49%
• 5Y*: 16.89%
• 10Y*: 10.63%

UC15.L

• 1D: 0.24%
• 1M: 5.56%
• YTD: 15.51%
• 6M: 20.15%
• 1Y: 19.96%
• 3Y*: 9.48%
• 5Y*: 13.23%
• 10Y*: 9.75%

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

XBCU.L vs. UC15.L - Expense Ratio Comparison

XBCU.L has a 0.29% expense ratio, which is lower than UC15.L's 0.34% expense ratio.

UC15.L

UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc

XBCU.L

Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C

Return for Risk

XBCU.L vs. UC15.L — Risk / Return Rank

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

XBCU.L

XBCU.L Risk / Return Rank: 79
XBCU.L Sharpe Ratio Rank: 79
XBCU.L Sortino Ratio Rank: 74
XBCU.L Omega Ratio Rank: 73
XBCU.L Calmar Ratio Rank: 90
XBCU.L Martin Ratio Rank: 81

UC15.L

UC15.L Risk / Return Rank: 70
UC15.L Sharpe Ratio Rank: 66
UC15.L Sortino Ratio Rank: 62
UC15.L Omega Ratio Rank: 58
UC15.L Calmar Ratio Rank: 90
UC15.L Martin Ratio Rank: 76

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.

XBCU.L vs. UC15.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XBCU.L) and UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L). 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.

	XBCU.L	UC15.L	Difference
Sharpe ratio Return per unit of total volatility	1.53	1.41	+0.13
Sortino ratio Return per unit of downside risk	1.97	1.88	+0.09
Omega ratio Gain probability vs. loss probability	1.29	1.26	+0.03
Calmar ratio Return relative to maximum drawdown	3.71	4.82	-1.10
Martin ratio Return relative to average drawdown	10.64	11.04	-0.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XBCU.L vs. UC15.L - Sharpe Ratio Comparison

The current XBCU.L Sharpe Ratio is 1.53, which is comparable to the UC15.L Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of XBCU.L and UC15.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XBCU.L	UC15.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	1.41	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.89	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.67	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.24	+0.01

Correlation

The correlation between XBCU.L and UC15.L is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

XBCU.L vs. UC15.L - Dividend Comparison

Neither XBCU.L nor UC15.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

XBCU.L vs. UC15.L - Drawdown Comparison

The maximum XBCU.L drawdown since its inception was -62.92%, which is greater than UC15.L's maximum drawdown of -51.79%. Use the drawdown chart below to compare losses from any high point for XBCU.L and UC15.L.

Drawdown Indicators

	XBCU.L	UC15.L	Difference
Max Drawdown Largest peak-to-trough decline	-62.92%	-42.93%	-19.99%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-6.18%	-3.36%
Max Drawdown (5Y) Largest decline over 5 years	-27.83%	-17.43%	-10.40%
Max Drawdown (10Y) Largest decline over 10 years	-37.15%	-30.26%	-6.89%
Current Drawdown Current decline from peak	-4.81%	-1.96%	-2.85%
Average Drawdown Average peak-to-trough decline	-30.02%	-15.34%	-14.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	2.31%	+0.95%

Volatility

XBCU.L vs. UC15.L - Volatility Comparison

Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XBCU.L) and UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L) have volatilities of 5.62% and 5.64%, 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

	XBCU.L	UC15.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	5.64%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	15.43%	9.90%	+5.53%
Volatility (1Y) Calculated over the trailing 1-year period	19.53%	14.11%	+5.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.72%	14.83%	+3.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.54%	14.56%	+1.98%