4UBF.DE vs. BCFE.DE
4UBF.DE (UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc) and BCFE.DE (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - 4UBF.DE is a European Corporate Bonds fund tracking the Bloomberg MSCI Euro Area Liquid Corporates Sustainable, while BCFE.DE is a Commodities fund tracking the UBS BCOM Constant Maturity (EUR Hedged). Both are passively managed. Over the past 5 years, 4UBF.DE returned -0.23%/yr vs 9.76%/yr for BCFE.DE. At a correlation of -0.02, they often move in opposite directions. 4UBF.DE charges 0.13%/yr vs 0.34%/yr for BCFE.DE.
Performance
4UBF.DE vs. BCFE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4UBF.DE achieves a 0.73% return, which is significantly lower than BCFE.DE's 17.15% return.
4UBF.DE
- 1D
- 0.12%
- 1M
- 0.33%
- YTD
- 0.73%
- 6M
- 0.23%
- 1Y
- 2.32%
- 3Y*
- 4.95%
- 5Y*
- -0.23%
- 10Y*
- —
BCFE.DE
- 1D
- -1.12%
- 1M
- -0.08%
- YTD
- 17.15%
- 6M
- 18.41%
- 1Y
- 28.89%
- 3Y*
- 12.43%
- 5Y*
- 9.76%
- 10Y*
- —
4UBF.DE vs. BCFE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
4UBF.DE UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc | 0.73% | 3.23% | 4.51% | 8.22% | -15.67% | -0.28% |
BCFE.DE UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc | 17.15% | 16.62% | 3.14% | -7.92% | 14.03% | 17.00% |
Correlation
The correlation between 4UBF.DE and BCFE.DE is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | -0.02 |
Over the past year, the inverse relationship between 4UBF.DE and BCFE.DE has strengthened: their correlation has moved from -0.02 to -0.23, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
4UBF.DE vs. BCFE.DE — Risk / Return Rank
4UBF.DE
BCFE.DE
4UBF.DE vs. BCFE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.DE) and UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE). 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.
| 4UBF.DE | BCFE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.40 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 4.83 | -4.14 |
| Martin ratioReturn relative to average drawdown | 2.30 | 11.89 | -9.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 4UBF.DE | BCFE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 2.14 | -1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.55 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | 0.49 | -0.54 |
Drawdowns
4UBF.DE vs. BCFE.DE - Drawdown Comparison
The maximum 4UBF.DE drawdown since its inception was -19.99%, smaller than the maximum BCFE.DE drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for 4UBF.DE and BCFE.DE.
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Drawdown Indicators
| 4UBF.DE | BCFE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.99% | -32.93% | +12.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -6.14% | +3.26% |
Max Drawdown (3Y)Largest decline over 3 years | -2.88% | -11.00% | +8.12% |
Max Drawdown (5Y)Largest decline over 5 years | -19.99% | -27.28% | +7.29% |
Current DrawdownCurrent decline from peak | -2.81% | -4.36% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -8.54% | -13.69% | +5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 2.50% | -1.63% |
Volatility
4UBF.DE vs. BCFE.DE - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.DE) is 1.25%, while UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE) has a volatility of 4.33%. This indicates that 4UBF.DE experiences smaller price fluctuations and is considered to be less risky than BCFE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 4UBF.DE | BCFE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 4.33% | -3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 12.10% | -8.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 13.88% | -10.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 17.51% | -12.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.02% | 15.30% | -10.28% |
4UBF.DE vs. BCFE.DE - Expense Ratio Comparison
4UBF.DE has a 0.13% expense ratio, which is lower than BCFE.DE's 0.34% expense ratio.
Dividends
4UBF.DE vs. BCFE.DE - Dividend Comparison
Neither 4UBF.DE nor BCFE.DE has paid dividends to shareholders.
Frequently Asked Questions
4UBF.DE and BCFE.DE have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4UBF.DE is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4UBF.DE is cheaper with a 0.13% expense ratio, compared with 0.34% for BCFE.DE.
4UBF.DE is categorized as European Corporate Bonds, while BCFE.DE is Commodities. 4UBF.DE tracks Bloomberg MSCI Euro Area Liquid Corporates Sustainable, while BCFE.DE tracks UBS BCOM Constant Maturity (EUR Hedged). Their fees differ too: 0.13% for 4UBF.DE and 0.34% for BCFE.DE.
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