XDBG.L vs. UD07.L

Last updated Jun 5, 2026

XDBG.L (Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged) and UD07.L (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc) are both Commodities funds - XDBG.L tracks the Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged) while UD07.L tracks the UBS BCOM Constant Maturity. Both are passively managed. Over the past 5 years, XDBG.L returned 14.38%/yr vs 13.21%/yr for UD07.L. A 0.67 correlation means they provide meaningful diversification when combined. XDBG.L charges 0.39%/yr vs 0.34%/yr for UD07.L.

Performance

XDBG.L vs. UD07.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 ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDBG.L achieves a 23.03% return, which is significantly higher than UD07.L's 19.95% return.

XDBG.L

• 1D: -0.42%
• 1M: 0.58%
• YTD: 23.03%
• 6M: 26.01%
• 1Y: 44.88%
• 3Y*: 18.96%
• 5Y*: 14.38%
• 10Y*: 8.57%

UD07.L

• 1D: -1.21%
• 1M: -1.41%
• YTD: 19.95%
• 6M: 19.54%
• 1Y: 33.96%
• 3Y*: 11.52%
• 5Y*: 13.21%
• 10Y*: —

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

XDBG.L vs. UD07.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
XDBG.L Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged	23.03%	25.68%	8.15%	-11.18%	18.13%	38.25%	-3.17%	5.10%	-13.60%
UD07.L UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc	19.95%	9.88%	6.26%	-10.97%	32.08%	31.93%	-1.26%	2.82%	-2.04%

Correlation

The correlation between XDBG.L and UD07.L is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Mar 7, 2018	0.67

The correlation between XDBG.L and UD07.L has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.

XDBG.L vs. UD07.L - Sectors Allocation Comparison

Sectors	XDBG.L	UD07.L
Technology	36.3%	16.1%
Communication Services	17.2%	55.9%
Consumer Defensive	11.8%	1.9%
Industrials	10.6%	7.2%
Financial Services	5.2%	6.2%
Consumer Cyclical	4.9%	5.2%
Basic Materials	4.0%	0.7%
Healthcare	4.0%	3.1%
Energy	3.1%	1.4%
Real Estate	2.8%	0.1%
Utilities	1.1%	2.2%

Return for Risk

XDBG.L vs. UD07.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: 76
XDBG.L Sharpe Ratio Rank: 79
XDBG.L Sortino Ratio Rank: 67
XDBG.L Omega Ratio Rank: 77
XDBG.L Calmar Ratio Rank: 86
XDBG.L Martin Ratio Rank: 72

UD07.L

UD07.L Risk / Return Rank: 72
UD07.L Sharpe Ratio Rank: 70
UD07.L Sortino Ratio Rank: 62
UD07.L Omega Ratio Rank: 69
UD07.L Calmar Ratio Rank: 89
UD07.L Martin Ratio Rank: 72

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. UD07.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 ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.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	UD07.L	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.27	+0.25
Sortino ratio: Return per unit of downside risk	3.02	2.87	+0.16
Omega ratio: Gain probability vs. loss probability	1.45	1.40	+0.05
Calmar ratio: Return relative to maximum drawdown	4.77	5.19	-0.42
Martin ratio: Return relative to average drawdown	13.39	13.25	+0.14
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. UD07.L - Sharpe Ratio Comparison

The current XDBG.L Sharpe Ratio is 2.52, which is comparable to the UD07.L Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of XDBG.L and UD07.L, 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

	XDBG.L	UD07.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	2.27	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.46	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.41	-0.33

Drawdowns

XDBG.L vs. UD07.L - Drawdown Comparison

The maximum XDBG.L drawdown since its inception was -64.69%, which is greater than UD07.L's maximum drawdown of -39.71%. Use the drawdown chart below to compare losses from any high point for XDBG.L and UD07.L.

Drawdown Indicators

	XDBG.L	UD07.L	Difference
Max Drawdown Largest peak-to-trough decline	-64.69%	-39.71%	-24.98%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-6.51%	-2.85%
Max Drawdown (3Y) Largest decline over 3 years	-13.02%	-12.61%	-0.41%
Max Drawdown (5Y) Largest decline over 5 years	-28.67%	-39.71%	+11.04%
Max Drawdown (10Y) Largest decline over 10 years	-37.06%	—	—
Current Drawdown Current decline from peak	-2.78%	-12.41%	+9.63%
Average Drawdown Average peak-to-trough decline	-35.22%	-18.80%	-16.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	2.56%	+0.78%

Volatility

XDBG.L vs. UD07.L - Volatility Comparison

The current volatility for Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 3C GBP Hedged (XDBG.L) is 4.24%, while UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (UD07.L) has a volatility of 5.12%. This indicates that XDBG.L experiences smaller price fluctuations and is considered to be less risky than UD07.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDBG.L	UD07.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	5.12%	-0.88%
Volatility (6M) Calculated over the trailing 6-month period	15.16%	12.57%	+2.59%
Volatility (1Y) Calculated over the trailing 1-year period	17.76%	14.93%	+2.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.95%	28.79%	-9.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.01%	23.77%	-7.76%

XDBG.L vs. UD07.L - Expense Ratio Comparison

XDBG.L has a 0.39% expense ratio, which is higher than UD07.L's 0.34% expense ratio.

Dividends

XDBG.L vs. UD07.L - Dividend Comparison

Neither XDBG.L nor UD07.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XDBG.L and UD07.L in my portfolio?

XDBG.L and UD07.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDBG.L or UD07.L?

On fees, UD07.L 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, XDBG.L or UD07.L?

UD07.L is cheaper with a 0.34% expense ratio, compared with 0.39% for XDBG.L.

What is the main difference between XDBG.L and UD07.L?

XDBG.L tracks Bloomberg ex-Agriculture and Livestock 15/30 Capped 3 Month Forward (GBP Hedged), while UD07.L tracks UBS BCOM Constant Maturity. They also come from different issuers: Xtrackers and UBS. Their fees differ too: 0.39% for XDBG.L and 0.34% for UD07.L.