XDBG.L vs. UC90.L

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) and UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc (UC90.L).

XDBG.L and UC90.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XDBG.L is a passively managed fund by Xtrackers that tracks the performance of the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged). It was launched on Feb 9, 2011. UC90.L is a passively managed fund by UBS that tracks the performance of the UBS CMCI (GBP Hedged). It was launched on Feb 25, 2011. Both XDBG.L and UC90.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

XDBG.L vs. UC90.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 3C GBP Hedged (XDBG.L) and UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc (UC90.L). The values are adjusted to include any dividend payments, if applicable.

XDBG.L vs. UC90.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XDBG.L Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged	15.97%	25.68%	8.15%	-11.18%	18.13%	38.25%	-3.17%	5.10%	-12.92%	4.24%
UC90.L UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc	15.49%	9.58%	4.52%	-2.02%	14.86%	33.21%	-1.26%	5.91%	-11.85%	5.39%

Returns By Period

The year-to-date returns for both stocks are quite close, with XDBG.L having a 15.97% return and UC90.L slightly lower at 15.49%. Over the past 10 years, XDBG.L has outperformed UC90.L with an annualized return of 9.23%, while UC90.L has yielded a comparatively lower 8.33% annualized return.

XDBG.L

• 1D: -1.28%
• 1M: 1.81%
• YTD: 15.97%
• 6M: 28.69%
• 1Y: 30.04%
• 3Y*: 14.47%
• 5Y*: 15.82%
• 10Y*: 9.23%

UC90.L

• 1D: -1.24%
• 1M: 6.64%
• YTD: 15.49%
• 6M: 19.73%
• 1Y: 19.94%
• 3Y*: 9.65%
• 5Y*: 12.34%
• 10Y*: 8.33%

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

XDBG.L vs. UC90.L - Expense Ratio Comparison

XDBG.L has a 0.39% expense ratio, which is higher than UC90.L's 0.34% expense ratio.

XDBG.L

Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged

UC90.L

UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc

Return for Risk

XDBG.L vs. UC90.L — Risk / Return Rank

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

XDBG.L

XDBG.L Risk / Return Rank: 77
XDBG.L Sharpe Ratio Rank: 78
XDBG.L Sortino Ratio Rank: 74
XDBG.L Omega Ratio Rank: 74
XDBG.L Calmar Ratio Rank: 89
XDBG.L Martin Ratio Rank: 72

UC90.L

UC90.L Risk / Return Rank: 77
UC90.L Sharpe Ratio Rank: 78
UC90.L Sortino Ratio Rank: 76
UC90.L Omega Ratio Rank: 72
UC90.L Calmar Ratio Rank: 83
UC90.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.

XDBG.L vs. UC90.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 3C GBP Hedged (XDBG.L) and UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc (UC90.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.

	XDBG.L	UC90.L	Difference
Sharpe ratio Return per unit of total volatility	1.54	1.51	+0.02
Sortino ratio Return per unit of downside risk	1.97	2.04	-0.07
Omega ratio Gain probability vs. loss probability	1.29	1.28	+0.01
Calmar ratio Return relative to maximum drawdown	3.14	2.70	+0.44
Martin ratio Return relative to average drawdown	8.32	8.97	-0.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDBG.L vs. UC90.L - Sharpe Ratio Comparison

The current XDBG.L Sharpe Ratio is 1.54, which is comparable to the UC90.L Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of XDBG.L and UC90.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

	XDBG.L	UC90.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	1.51	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.84	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.59	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.36	-0.30

Correlation

The correlation between XDBG.L and UC90.L is 0.90, 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

XDBG.L vs. UC90.L - Dividend Comparison

Neither XDBG.L nor UC90.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

XDBG.L vs. UC90.L - Drawdown Comparison

The maximum XDBG.L drawdown since its inception was -64.69%, which is greater than UC90.L's maximum drawdown of -41.45%. Use the drawdown chart below to compare losses from any high point for XDBG.L and UC90.L.

Drawdown Indicators

	XDBG.L	UC90.L	Difference
Max Drawdown Largest peak-to-trough decline	-64.69%	-41.45%	-23.24%
Max Drawdown (1Y) Largest decline over 1 year	-12.64%	-9.65%	-2.99%
Max Drawdown (5Y) Largest decline over 5 years	-28.67%	-19.19%	-9.48%
Max Drawdown (10Y) Largest decline over 10 years	-37.06%	-38.26%	+1.20%
Current Drawdown Current decline from peak	-4.25%	-1.39%	-2.86%
Average Drawdown Average peak-to-trough decline	-35.60%	-13.36%	-22.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	2.22%	+1.40%

Volatility

XDBG.L vs. UC90.L - Volatility Comparison

Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) has a higher volatility of 5.60% compared to UBS ETF (IE) CMCI Composite SF UCITS ETF (hedged to GBP) A-acc (UC90.L) at 4.88%. This indicates that XDBG.L's price experiences larger fluctuations and is considered to be riskier than UC90.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDBG.L	UC90.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	4.88%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	15.39%	9.42%	+5.97%
Volatility (1Y) Calculated over the trailing 1-year period	19.45%	13.12%	+6.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.02%	14.76%	+4.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.03%	14.26%	+1.77%