BCFE.DE vs. 4UBF.DE

Last updated Jun 5, 2026

BCFE.DE (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc) and 4UBF.DE (UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc) are both exchange-traded funds - BCFE.DE is a Commodities fund tracking the UBS BCOM Constant Maturity (EUR Hedged), while 4UBF.DE is a European Corporate Bonds fund tracking the Bloomberg MSCI Euro Area Liquid Corporates Sustainable. Both are passively managed. Over the past 5 years, BCFE.DE returned 9.76%/yr vs -0.23%/yr for 4UBF.DE. At a correlation of -0.02, they often move in opposite directions. BCFE.DE charges 0.34%/yr vs 0.13%/yr for 4UBF.DE.

Performance

BCFE.DE vs. 4UBF.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE) and UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCFE.DE achieves a 17.15% return, which is significantly higher than 4UBF.DE's 0.73% return.

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

• 1D: 0.12%
• 1M: 0.33%
• YTD: 0.73%
• 6M: 0.23%
• 1Y: 2.32%
• 3Y*: 4.95%
• 5Y*: -0.23%
• 10Y*: —

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

BCFE.DE vs. 4UBF.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
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%
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%

Correlation

The correlation between BCFE.DE and 4UBF.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 BCFE.DE and 4UBF.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.

Return for Risk

BCFE.DE vs. 4UBF.DE — Risk / Return Rank

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

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

4UBF.DE

4UBF.DE Risk / Return Rank: 18
4UBF.DE Sharpe Ratio Rank: 18
4UBF.DE Sortino Ratio Rank: 17
4UBF.DE Omega Ratio Rank: 17
4UBF.DE Calmar Ratio Rank: 18
4UBF.DE Martin Ratio Rank: 20

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.

BCFE.DE vs. 4UBF.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE) and UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.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.

	BCFE.DE	4UBF.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.14	0.55	+1.59
Sortino ratio: Return per unit of downside risk	2.77	0.83	+1.94
Omega ratio: Gain probability vs. loss probability	1.40	1.10	+0.30
Calmar ratio: Return relative to maximum drawdown	4.83	0.69	+4.14
Martin ratio: Return relative to average drawdown	11.89	2.30	+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.

BCFE.DE vs. 4UBF.DE - Sharpe Ratio Comparison

The current BCFE.DE Sharpe Ratio is 2.14, which is higher than the 4UBF.DE Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of BCFE.DE and 4UBF.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

	BCFE.DE	4UBF.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	0.55	+1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	-0.04	+0.60
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	-0.04	+0.54

Drawdowns

BCFE.DE vs. 4UBF.DE - Drawdown Comparison

The maximum BCFE.DE drawdown since its inception was -32.93%, which is greater than 4UBF.DE's maximum drawdown of -19.99%. Use the drawdown chart below to compare losses from any high point for BCFE.DE and 4UBF.DE.

Drawdown Indicators

	BCFE.DE	4UBF.DE	Difference
Max Drawdown Largest peak-to-trough decline	-32.93%	-19.99%	-12.94%
Max Drawdown (1Y) Largest decline over 1 year	-6.14%	-2.88%	-3.26%
Max Drawdown (3Y) Largest decline over 3 years	-11.00%	-2.88%	-8.12%
Max Drawdown (5Y) Largest decline over 5 years	-27.28%	-19.99%	-7.29%
Current Drawdown Current decline from peak	-4.36%	-2.81%	-1.55%
Average Drawdown Average peak-to-trough decline	-13.69%	-8.54%	-5.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	0.87%	+1.63%

Volatility

BCFE.DE vs. 4UBF.DE - Volatility Comparison

UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE) has a higher volatility of 4.33% compared to UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.DE) at 1.25%. This indicates that BCFE.DE's price experiences larger fluctuations and is considered to be riskier than 4UBF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCFE.DE	4UBF.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	1.25%	+3.08%
Volatility (6M) Calculated over the trailing 6-month period	12.10%	3.11%	+8.99%
Volatility (1Y) Calculated over the trailing 1-year period	13.88%	3.67%	+10.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.51%	5.08%	+12.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.30%	5.02%	+10.28%

BCFE.DE vs. 4UBF.DE - Expense Ratio Comparison

BCFE.DE has a 0.34% expense ratio, which is higher than 4UBF.DE's 0.13% expense ratio.

Dividends

BCFE.DE vs. 4UBF.DE - Dividend Comparison

Neither BCFE.DE nor 4UBF.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BCFE.DE and 4UBF.DE in my portfolio?

BCFE.DE and 4UBF.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.

Which ETF is better, BCFE.DE or 4UBF.DE?

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.

Which ETF is cheaper, BCFE.DE or 4UBF.DE?

4UBF.DE is cheaper with a 0.13% expense ratio, compared with 0.34% for BCFE.DE.

What is the main difference between BCFE.DE and 4UBF.DE?

BCFE.DE is categorized as Commodities, while 4UBF.DE is European Corporate Bonds. BCFE.DE tracks UBS BCOM Constant Maturity (EUR Hedged), while 4UBF.DE tracks Bloomberg MSCI Euro Area Liquid Corporates Sustainable. Their fees differ too: 0.34% for BCFE.DE and 0.13% for 4UBF.DE.