- ISIN
- LU2018762653
- Issuer
- Amundi
- Inception Date
- May 16, 2023
- Category
- Macro Trading
- Leveraged
- 1x (No leverage)
- Index Tracked
- Solactive USD Daily (x7) Steepener 2-10 Index
- Domicile
- Luxembourg
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
UCT2.DE Performance Chart
Amundi US Curve Steepening 2-10Y UCITS ETF (Acc) (UCT2.DE) is up 1.3% since the beginning of the year. UCT2.DE is currently trading at €86 per share. Investors who bought €1,000 worth of UCT2.DE shares 5 years ago would now be looking at an investment worth €1,013.
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Returns By Period
Amundi US Curve Steepening 2-10Y UCITS ETF (Acc) (UCT2.DE) has returned 1.32% so far this year and 2.32% over the past 12 months.
Amundi US Curve Steepening 2-10Y UCITS ETF (Acc)
- 1D
- 0.09%
- 1M
- 1.35%
- 6M
- 0.94%
- YTD
- 1.32%
- 1Y
- 2.32%
- 3Y*
- 1.50%
- 5Y*
- 0.25%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.43%
- 1M
- 0.48%
- 6M
- 11.83%
- YTD
- 12.30%
- 1Y
- 22.52%
- 3Y*
- 17.03%
- 5Y*
- 12.27%
- 10Y*
- 13.23%
UCT2.DE Monthly Returns History
Based on dividend-adjusted daily data since Jul 18, 2019, UCT2.DE's average daily return is -0.01%, while the average monthly return is -0.15%.
Historically, 44% of months were positive and 56% were negative. The best month was Apr 2022 with a return of +7.5%, while the worst month was Sep 2019 at -8.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, UCT2.DE closed higher 48% of trading days. The best single day was Mar 15, 2023 with a return of +3.9%, while the worst single day was Sep 10, 2019 at -9.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.58% | -0.62% | 2.23% | -1.68% | 0.21% | 1.38% | 0.42% | 1.32% | |||||
| 2025 | 0.98% | -0.56% | -2.92% | -3.14% | -0.78% | -3.24% | 1.98% | -1.15% | -0.92% | 1.47% | -0.50% | -0.42% | -8.99% |
| 2024 | 2.89% | -0.61% | -0.44% | 1.59% | -1.58% | 1.30% | -0.22% | -0.76% | 0.34% | 2.24% | 2.13% | 2.93% | 10.12% |
| 2023 | -2.83% | 1.34% | -0.78% | -1.74% | 2.11% | -4.78% | -0.10% | 2.79% | 4.55% | 2.14% | -4.05% | -1.91% | -3.66% |
| 2022 | 0.26% | -0.98% | -1.30% | 7.45% | -0.26% | 1.40% | 1.25% | 1.16% | 2.33% | -0.82% | -6.32% | -1.88% | 1.75% |
| 2021 | 2.11% | 3.10% | 4.32% | -3.20% | -2.00% | 1.07% | -1.23% | 0.72% | 2.94% | -1.08% | 1.48% | -0.98% | 7.20% |
Benchmark Metrics
Amundi US Curve Steepening 2-10Y UCITS ETF (Acc) has an annualized alpha of -2.75%, beta of 0.08, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since July 18, 2019.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -19.03%), but participation in market rallies was also limited (-11.78%) - a profile typical of counter-cyclical assets.
- Beta of 0.08 may look defensive, but with R2 of 0.03 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 0.03 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
- -2.75%
- Beta
- 0.08
- R²
- 0.03
- Upside Capture
- -11.78%
- Downside Capture
- -19.03%
Expense Ratio
UCT2.DE has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
UCT2.DE ranks 15 for risk / return — in the bottom 15% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Amundi US Curve Steepening 2-10Y UCITS ETF (Acc) (UCT2.DE) 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.
| UCT2.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.35 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 3.18 | -2.53 |
| Martin ratioReturn relative to average drawdown | 1.35 | 11.76 | -10.41 |
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 Amundi US Curve Steepening 2-10Y UCITS ETF (Acc). 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 Amundi US Curve Steepening 2-10Y UCITS ETF (Acc) was 19.65%, occurring on Jul 18, 2023. The portfolio has not yet recovered.
The current Amundi US Curve Steepening 2-10Y UCITS ETF (Acc) drawdown is 14.14%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 correction2023 | -19.65%Jul 2023 | 4y | — | 6y 11moJul 2019 - now |
Drawdown Indicators
| UCT2.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.65% | -51.62% | +31.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -7.57% | +4.04% |
Max Drawdown (3Y)Largest decline over 3 years | -13.36% | -23.99% | +10.63% |
Max Drawdown (5Y)Largest decline over 5 years | -18.42% | -23.99% | +5.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -14.14% | -0.43% | -13.71% |
Average DrawdownAverage peak-to-trough decline | -12.83% | -9.08% | -3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 2.04% | -0.32% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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