- ISIN
- US90274D3908
- CUSIP
- 90274D390
- Issuer
- UBS
- Inception Date
- Oct 8, 2015
- Region
- Global (Broad)
- Category
- Commodities
- Leveraged
- 1x (No leverage)
- Index Tracked
- UBS Bloomberg CMCI Index
- Distribution Policy
- Accumulating
- Asset Class
- Commodity
- Assets Under Management
- $23M
Highlights
- Avg. Volume (1M)
- 9K
- Avg. Volume Value (1M)
- $305.76K
Share Price Chart
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Performance
UCIB Performance Chart
ETRACS CMCI Total Return ETN Series B (UCIB) is up 23.8% since the beginning of the year. UCIB is currently trading at $35 per share. Investors who bought $1,000 worth of UCIB shares 5 years ago would now be looking at an investment worth $1,764.
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Returns By Period
ETRACS CMCI Total Return ETN Series B (UCIB) has returned 23.75% so far this year and 32.01% over the past 12 months. Over the last ten years, UCIB has returned 10.54% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
ETRACS CMCI Total Return ETN Series B
- 1D
- -0.06%
- 1M
- 6.70%
- 6M
- 16.87%
- YTD
- 23.75%
- 1Y
- 32.01%
- 3Y*
- 11.21%
- 5Y*
- 12.02%
- 10Y*
- 10.54%
- ALL TIME*
- 4.77%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
UCIB Monthly Returns History
Based on dividend-adjusted daily data since Oct 9, 2015, UCIB's average daily return is +0.03%, while the average monthly return is +0.55%. At this rate, an investment would double in approximately 10.5 years.
Historically, 53% of months were positive and 47% were negative. The best month was Nov 2020 with a return of +10.6%, while the worst month was Oct 2015 at -35.9%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 4 months.
On a daily basis, UCIB closed higher 40% of trading days. The best single day was Jul 20, 2017 with a return of +20.0%, while the worst single day was Oct 9, 2015 at -32.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.89% | 1.89% | 8.87% | 2.26% | 2.66% | -5.90% | 6.66% | 23.75% | |||||
| 2025 | 6.62% | -3.28% | -0.02% | -5.88% | 2.37% | 3.02% | 0.74% | 1.64% | 0.68% | 1.40% | 0.67% | 1.18% | 8.97% |
| 2024 | 1.62% | -0.60% | 4.49% | 3.33% | 0.40% | -1.36% | -5.80% | 5.15% | 0.48% | -0.58% | -1.62% | 1.37% | 6.58% |
| 2023 | 1.84% | -3.93% | 0.51% | -0.90% | -5.96% | 3.51% | 8.17% | -0.32% | 0.44% | -1.08% | -1.73% | -2.13% | -2.26% |
| 2022 | 6.63% | 6.75% | 8.63% | 1.84% | 1.18% | -8.89% | -0.26% | -0.09% | -6.13% | 2.79% | 6.47% | -0.51% | 18.24% |
| 2021 | 3.35% | 9.09% | -1.69% | 8.95% | 3.43% | 1.68% | 1.81% | -0.10% | 1.93% | 3.57% | -4.99% | 6.01% | 37.34% |
Benchmark Metrics
ETRACS CMCI Total Return ETN Series B has an annualized alpha of 5.37%, beta of 0.21, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since October 09, 2015.
- This ETF participated in 45.16% of S&P 500 Index downside but only 34.46% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.21 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.37%
- Beta
- 0.21
- R²
- 0.02
- Upside Capture
- 34.46%
- Downside Capture
- 45.16%
Expense Ratio
UCIB has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
UCIB ranks 40 for risk / return — above 40% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for ETRACS CMCI Total Return ETN Series B (UCIB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UCIB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 2.00 | -0.64 |
| Martin ratioReturn relative to average drawdown | 4.00 | 8.49 | -4.50 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ETRACS CMCI Total Return ETN Series B. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ETRACS CMCI Total Return ETN Series B was 51.29%, occurring on Apr 21, 2020. Recovery took 375 trading sessions.
The current ETRACS CMCI Total Return ETN Series B drawdown is 13.37%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-51.29%Apr 2020 | 4y 6mo | 1y 5mo | 6y 7dOct 2015 - Oct 2021 | COVID crash2020 |
-22.67%Jul 2026 | 2mo 16d | — | 2mo 21dMay 2026 - now | — |
-20.95%Mar 2022 | 6d | 1mo 4d | 1mo 10dMar 2022 - Apr 2022 | Bear market2022 |
-19.77%Jul 2022 | 1mo 3d | 2y 7mo | 2y 8moJun 2022 - Feb 2025 | Bear market2022 |
-14.57%Apr 2025 | 1mo 17d | 9mo 9d | 10mo 26dFeb 2025 - Jan 2026 | 2025 selloff2025 |
Drawdown Indicators
| UCIB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.29% | -56.78% | +5.49% |
Max Drawdown (1Y)Largest decline over 1 year | -22.67% | -9.10% | -13.57% |
Max Drawdown (3Y)Largest decline over 3 years | -22.67% | -18.90% | -3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -22.67% | -25.43% | +2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -36.94% | -33.92% | -3.02% |
Current DrawdownCurrent decline from peak | -13.37% | -1.58% | -11.79% |
Average DrawdownAverage peak-to-trough decline | -20.97% | -10.70% | -10.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.72% | 2.14% | +5.58% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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