BCFE.DE vs. WTEH.DE

Last updated Jun 5, 2026

BCFE.DE (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc) and WTEH.DE (WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc) are both Commodities funds - BCFE.DE tracks the UBS BCOM Constant Maturity (EUR Hedged) while WTEH.DE tracks the Optimized Roll Commodity (EUR Hedged). Both are passively managed. Over the past 5 years, BCFE.DE returned 9.76%/yr vs 9.32%/yr for WTEH.DE. Their correlation of 0.88 suggests significant overlap in exposure. BCFE.DE charges 0.34%/yr vs 0.35%/yr for WTEH.DE.

Performance

BCFE.DE vs. WTEH.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 WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc (WTEH.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 lower than WTEH.DE's 28.87% 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*: —

WTEH.DE

• 1D: -1.21%
• 1M: -0.63%
• YTD: 28.87%
• 6M: 30.95%
• 1Y: 40.23%
• 3Y*: 14.16%
• 5Y*: 9.32%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BCFE.DE UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc	17.15%	16.62%	3.14%	-7.92%	14.03%	30.33%	7.00%
WTEH.DE WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc	28.87%	14.12%	1.38%	-8.99%	8.44%	27.25%	5.11%

Correlation

The correlation between BCFE.DE and WTEH.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Sep 8, 2020	0.88

The correlation between BCFE.DE and WTEH.DE has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.

Return for Risk

BCFE.DE vs. WTEH.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

WTEH.DE

WTEH.DE Risk / Return Rank: 80
WTEH.DE Sharpe Ratio Rank: 78
WTEH.DE Sortino Ratio Rank: 70
WTEH.DE Omega Ratio Rank: 77
WTEH.DE Calmar Ratio Rank: 94
WTEH.DE Martin Ratio Rank: 82

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. WTEH.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 WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc (WTEH.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	WTEH.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.50	-0.36
Sortino ratio: Return per unit of downside risk	2.77	3.15	-0.39
Omega ratio: Gain probability vs. loss probability	1.40	1.45	-0.05
Calmar ratio: Return relative to maximum drawdown	4.83	6.93	-2.10
Martin ratio: Return relative to average drawdown	11.89	15.94	-4.05
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. WTEH.DE - Sharpe Ratio Comparison

The current BCFE.DE Sharpe Ratio is 2.14, which is comparable to the WTEH.DE Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of BCFE.DE and WTEH.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	WTEH.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	2.50	-0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.60	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.86	-0.36

Drawdowns

BCFE.DE vs. WTEH.DE - Drawdown Comparison

The maximum BCFE.DE drawdown since its inception was -32.93%, which is greater than WTEH.DE's maximum drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for BCFE.DE and WTEH.DE.

Drawdown Indicators

	BCFE.DE	WTEH.DE	Difference
Max Drawdown Largest peak-to-trough decline	-32.93%	-28.22%	-4.71%
Max Drawdown (1Y) Largest decline over 1 year	-6.14%	-5.93%	-0.21%
Max Drawdown (3Y) Largest decline over 3 years	-11.00%	-10.31%	-0.69%
Max Drawdown (5Y) Largest decline over 5 years	-27.28%	-28.22%	+0.94%
Current Drawdown Current decline from peak	-4.36%	-4.05%	-0.31%
Average Drawdown Average peak-to-trough decline	-13.69%	-14.64%	+0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	2.58%	-0.08%

Volatility

BCFE.DE vs. WTEH.DE - Volatility Comparison

The current volatility for UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE) is 4.33%, while WisdomTree Enhanced Commodity UCITS ETF (EUR Hedged) Acc (WTEH.DE) has a volatility of 5.17%. This indicates that BCFE.DE experiences smaller price fluctuations and is considered to be less risky than WTEH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCFE.DE	WTEH.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	5.17%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	12.10%	14.77%	-2.67%
Volatility (1Y) Calculated over the trailing 1-year period	13.88%	16.45%	-2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.51%	15.57%	+1.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.30%	15.39%	-0.09%

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

BCFE.DE has a 0.34% expense ratio, which is lower than WTEH.DE's 0.35% expense ratio.

Dividends

BCFE.DE vs. WTEH.DE - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.93, BCFE.DE and WTEH.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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

On fees, BCFE.DE is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

BCFE.DE is cheaper with a 0.34% expense ratio, compared with 0.35% for WTEH.DE.

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

BCFE.DE tracks UBS BCOM Constant Maturity (EUR Hedged), while WTEH.DE tracks Optimized Roll Commodity (EUR Hedged). They also come from different issuers: UBS and WisdomTree. Their fees differ too: 0.34% for BCFE.DE and 0.35% for WTEH.DE.