AW10.DE vs. BCFE.DE

Last updated Jun 5, 2026

AW10.DE (UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc) and BCFE.DE (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - AW10.DE is a Global Equities fund tracking the MSCI World Climate Paris Aligned, while BCFE.DE is a Commodities fund tracking the UBS BCOM Constant Maturity (EUR Hedged). Both are passively managed. Over the past 5 years, AW10.DE returned 12.14%/yr vs 9.76%/yr for BCFE.DE. At a 0.14 correlation, their price movements are largely independent. AW10.DE charges 0.15%/yr vs 0.34%/yr for BCFE.DE.

Performance

AW10.DE vs. BCFE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.DE) and UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AW10.DE achieves a 7.93% return, which is significantly lower than BCFE.DE's 17.15% return.

AW10.DE

• 1D: 0.29%
• 1M: 3.41%
• YTD: 7.93%
• 6M: 9.80%
• 1Y: 16.96%
• 3Y*: 16.77%
• 5Y*: 12.14%
• 10Y*: —

BCFE.DE

• 1D: -1.12%
• 1M: -2.28%
• YTD: 17.15%
• 6M: 19.15%
• 1Y: 29.80%
• 3Y*: 12.43%
• 5Y*: 9.76%
• 10Y*: —

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

AW10.DE vs. BCFE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AW10.DE UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc	7.93%	9.11%	25.31%	21.54%	-17.22%	22.34%
BCFE.DE UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc	17.15%	16.62%	3.14%	-7.92%	14.03%	22.54%

Correlation

The correlation between AW10.DE and BCFE.DE is -0.10, 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	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021	0.14

The correlation between AW10.DE and BCFE.DE shifts across timeframes, from -0.10 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AW10.DE vs. BCFE.DE — Risk / Return Rank

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

AW10.DE

AW10.DE Risk / Return Rank: 24
AW10.DE Sharpe Ratio Rank: 21
AW10.DE Sortino Ratio Rank: 22
AW10.DE Omega Ratio Rank: 36
AW10.DE Calmar Ratio Rank: 23
AW10.DE Martin Ratio Rank: 19

BCFE.DE

BCFE.DE Risk / Return Rank: 69
BCFE.DE Sharpe Ratio Rank: 65
BCFE.DE Sortino Ratio Rank: 60
BCFE.DE Omega Ratio Rank: 67
BCFE.DE Calmar Ratio Rank: 86
BCFE.DE Martin Ratio Rank: 66

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.

AW10.DE vs. BCFE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.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.

	AW10.DE	BCFE.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.69	2.14	-1.45
Sortino ratio: Return per unit of downside risk	1.18	2.77	-1.58
Omega ratio: Gain probability vs. loss probability	1.24	1.40	-0.16
Calmar ratio: Return relative to maximum drawdown	1.02	4.83	-3.81
Martin ratio: Return relative to average drawdown	1.98	11.89	-9.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AW10.DE vs. BCFE.DE - Sharpe Ratio Comparison

The current AW10.DE Sharpe Ratio is 0.69, which is lower than the BCFE.DE Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of AW10.DE and BCFE.DE, 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

	AW10.DE	BCFE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	2.14	-1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.55	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.49	+0.22

Drawdowns

AW10.DE vs. BCFE.DE - Drawdown Comparison

The maximum AW10.DE drawdown since its inception was -19.92%, smaller than the maximum BCFE.DE drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for AW10.DE and BCFE.DE.

Drawdown Indicators

	AW10.DE	BCFE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-19.92%	-32.93%	+13.01%
Max Drawdown (1Y) Largest decline over 1 year	-16.56%	-6.14%	-10.42%
Max Drawdown (3Y) Largest decline over 3 years	-17.58%	-11.00%	-6.58%
Max Drawdown (5Y) Largest decline over 5 years	-19.92%	-27.28%	+7.36%
Current Drawdown Current decline from peak	-5.44%	-4.36%	-1.08%
Average Drawdown Average peak-to-trough decline	-5.91%	-13.69%	+7.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.55%	2.50%	+6.05%

Volatility

AW10.DE vs. BCFE.DE - Volatility Comparison

The current volatility for UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.DE) is 3.47%, while UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE) has a volatility of 4.33%. This indicates that AW10.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.

Volatility by Period

	AW10.DE	BCFE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	4.33%	-0.86%
Volatility (6M) Calculated over the trailing 6-month period	10.93%	12.10%	-1.17%
Volatility (1Y) Calculated over the trailing 1-year period	24.57%	13.88%	+10.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.11%	17.51%	-0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	15.30%	+1.65%

AW10.DE vs. BCFE.DE - Expense Ratio Comparison

AW10.DE has a 0.15% expense ratio, which is lower than BCFE.DE's 0.34% expense ratio.

Dividends

AW10.DE vs. BCFE.DE - Dividend Comparison

Neither AW10.DE nor BCFE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AW10.DE and BCFE.DE in my portfolio?

AW10.DE and BCFE.DE have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AW10.DE or BCFE.DE?

On fees, AW10.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AW10.DE or BCFE.DE?

AW10.DE is cheaper with a 0.15% expense ratio, compared with 0.34% for BCFE.DE.

What is the main difference between AW10.DE and BCFE.DE?

AW10.DE is categorized as Global Equities, while BCFE.DE is Commodities. AW10.DE tracks MSCI World Climate Paris Aligned, while BCFE.DE tracks UBS BCOM Constant Maturity (EUR Hedged). Their fees differ too: 0.15% for AW10.DE and 0.34% for BCFE.DE.