BCFS.DE vs. UIQ4.DE

Last updated Jun 4, 2026

BCFS.DE (UBS US Equity Defensive Put Write SF UCITS ETF hEUR Acc) and UIQ4.DE (UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc) are both exchange-traded funds - BCFS.DE is a Options Trading fund tracking the US Equity Defensive Put Write (EUR Hedged) Index, while UIQ4.DE is a Derivative Income fund tracking the Euro Equity Defensive Put Write Index. Both are passively managed. A 0.50 correlation means they provide meaningful diversification when combined. BCFS.DE charges 0.24%/yr vs 0.21%/yr for UIQ4.DE.

Performance

BCFS.DE vs. UIQ4.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS US Equity Defensive Put Write SF UCITS ETF hEUR Acc (BCFS.DE) and UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc (UIQ4.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCFS.DE achieves a 4.05% return, which is significantly higher than UIQ4.DE's 2.83% return.

BCFS.DE

• 1D: 0.00%
• 1M: 0.91%
• YTD: 4.05%
• 6M: 4.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UIQ4.DE

• 1D: -0.23%
• 1M: 1.94%
• YTD: 2.83%
• 6M: 3.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BCFS.DE vs. UIQ4.DE - Yearly Performance Comparison

	2026 (YTD)	2025
BCFS.DE UBS US Equity Defensive Put Write SF UCITS ETF hEUR Acc	4.05%	4.64%
UIQ4.DE UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc	2.83%	5.08%

Correlation

The correlation between BCFS.DE and UIQ4.DE is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025	0.50

Return for Risk

BCFS.DE vs. UIQ4.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS US Equity Defensive Put Write SF UCITS ETF hEUR Acc (BCFS.DE) and UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc (UIQ4.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BCFS.DE	UIQ4.DE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.96	1.25	+1.72

Drawdowns

BCFS.DE vs. UIQ4.DE - Drawdown Comparison

The maximum BCFS.DE drawdown since its inception was -2.21%, smaller than the maximum UIQ4.DE drawdown of -3.90%. Use the drawdown chart below to compare losses from any high point for BCFS.DE and UIQ4.DE.

Drawdown Indicators

	BCFS.DE	UIQ4.DE	Difference
Max Drawdown Largest peak-to-trough decline	-2.21%	-3.90%	+1.69%
Current Drawdown Current decline from peak	-0.18%	-0.43%	+0.25%
Average Drawdown Average peak-to-trough decline	-0.17%	-0.87%	+0.70%

Volatility

Volatility by Period

	BCFS.DE	UIQ4.DE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.66%	7.68%	-4.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.66%	7.68%	-4.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.66%	7.68%	-4.02%

BCFS.DE vs. UIQ4.DE - Expense Ratio Comparison

BCFS.DE has a 0.24% expense ratio, which is higher than UIQ4.DE's 0.21% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BCFS.DE vs. UIQ4.DE - Dividend Comparison

Neither BCFS.DE nor UIQ4.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BCFS.DE and UIQ4.DE in my portfolio?

BCFS.DE and UIQ4.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCFS.DE or UIQ4.DE?

On fees, UIQ4.DE is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCFS.DE or UIQ4.DE?

UIQ4.DE is cheaper with a 0.21% expense ratio, compared with 0.24% for BCFS.DE.

What is the main difference between BCFS.DE and UIQ4.DE?

BCFS.DE is categorized as Options Trading, while UIQ4.DE is Derivative Income. BCFS.DE tracks US Equity Defensive Put Write (EUR Hedged) Index, while UIQ4.DE tracks Euro Equity Defensive Put Write Index. Their fees differ too: 0.24% for BCFS.DE and 0.21% for UIQ4.DE.