BCFU.DE vs. BIL

Last updated Jun 5, 2026

BCFU.DE (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc) and BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) are both exchange-traded funds - BCFU.DE is a Commodities fund tracking the UBS BCOM Constant Maturity, while BIL is a Government Bonds fund tracking the Bloomberg 1-3 Month U.S. Treasury Bill Index. Both are passively managed. Over the past 5 years, BCFU.DE returned 12.00%/yr vs 3.41%/yr for BIL. At a correlation of -0.03, they often move in opposite directions. BCFU.DE charges 0.34%/yr vs 0.14%/yr for BIL.

Performance

BCFU.DE vs. BIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (BCFU.DE) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCFU.DE achieves a 17.70% return, which is significantly higher than BIL's 1.49% return.

BCFU.DE

• 1D: -1.18%
• 1M: -2.02%
• YTD: 17.70%
• 6M: 20.17%
• 1Y: 32.61%
• 3Y*: 14.58%
• 5Y*: 12.00%
• 10Y*: —

BIL

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.49%
• 6M: 1.76%
• 1Y: 3.87%
• 3Y*: 4.64%
• 5Y*: 3.41%
• 10Y*: 2.18%

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

BCFU.DE vs. BIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BCFU.DE UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc	17.70%	19.44%	4.91%	-5.62%	16.93%	32.04%	1.23%	6.92%	-6.42%	5.98%
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	1.49%	4.15%	5.19%	4.94%	1.40%	-0.10%	0.40%	2.03%	1.74%	0.46%

Correlation

The correlation between BCFU.DE and BIL is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jun 14, 2017	-0.03

Return for Risk

BCFU.DE vs. BIL — Risk / Return Rank

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

BCFU.DE

BCFU.DE Risk / Return Rank: 74
BCFU.DE Sharpe Ratio Rank: 73
BCFU.DE Sortino Ratio Rank: 64
BCFU.DE Omega Ratio Rank: 73
BCFU.DE Calmar Ratio Rank: 89
BCFU.DE Martin Ratio Rank: 73

BIL

BIL Risk / Return Rank: 100
BIL Sharpe Ratio Rank: 100
BIL Sortino Ratio Rank: 100
BIL Omega Ratio Rank: 100
BIL Calmar Ratio Rank: 100
BIL Martin Ratio Rank: 100

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.

BCFU.DE vs. BIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (BCFU.DE) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL). 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.

	BCFU.DE	BIL	Difference
Sharpe ratio: Return per unit of total volatility	2.33	19.71	-17.38
Sortino ratio: Return per unit of downside risk	2.93	174.16	-171.23
Omega ratio: Gain probability vs. loss probability	1.43	87.91	-86.48
Calmar ratio: Return relative to maximum drawdown	5.21	355.35	-350.14
Martin ratio: Return relative to average drawdown	13.49	2,817.77	-2,804.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BCFU.DE vs. BIL - Sharpe Ratio Comparison

The current BCFU.DE Sharpe Ratio is 2.33, which is lower than the BIL Sharpe Ratio of 19.71. The chart below compares the historical Sharpe Ratios of BCFU.DE and BIL, 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

	BCFU.DE	BIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	19.71	-17.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	13.15	-12.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	8.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	2.78	-2.09

Drawdowns

BCFU.DE vs. BIL - Drawdown Comparison

The maximum BCFU.DE drawdown since its inception was -28.81%, which is greater than BIL's maximum drawdown of -0.78%. Use the drawdown chart below to compare losses from any high point for BCFU.DE and BIL.

Drawdown Indicators

	BCFU.DE	BIL	Difference
Max Drawdown Largest peak-to-trough decline	-28.81%	-0.78%	-28.03%
Max Drawdown (1Y) Largest decline over 1 year	-6.23%	-0.01%	-6.22%
Max Drawdown (3Y) Largest decline over 3 years	-10.73%	-0.01%	-10.72%
Max Drawdown (5Y) Largest decline over 5 years	-26.29%	-0.10%	-26.19%
Max Drawdown (10Y) Largest decline over 10 years	—	-0.21%	—
Current Drawdown Current decline from peak	-4.34%	0.00%	-4.34%
Average Drawdown Average peak-to-trough decline	-11.95%	-0.26%	-11.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	0.00%	+2.41%

Volatility

BCFU.DE vs. BIL - Volatility Comparison

UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (BCFU.DE) has a higher volatility of 4.57% compared to SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) at 0.06%. This indicates that BCFU.DE's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCFU.DE	BIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.57%	0.06%	+4.51%
Volatility (6M) Calculated over the trailing 6-month period	12.16%	0.13%	+12.03%
Volatility (1Y) Calculated over the trailing 1-year period	13.96%	0.20%	+13.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.36%	0.26%	+16.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.55%	0.26%	+14.29%

BCFU.DE vs. BIL - Expense Ratio Comparison

BCFU.DE has a 0.34% expense ratio, which is higher than BIL's 0.14% expense ratio.

Dividends

BCFU.DE vs. BIL - Dividend Comparison

BCFU.DE has not paid dividends to shareholders, while BIL's dividend yield for the trailing twelve months is around 3.86%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BCFU.DE UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	3.86%	4.13%	5.03%	4.92%	1.35%	0.00%	0.30%	2.05%	1.66%	0.68%	0.07%

Frequently Asked Questions

Can I hold both BCFU.DE and BIL in my portfolio?

BCFU.DE and BIL have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BCFU.DE or BIL?

On fees, BIL is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BCFU.DE or BIL?

BIL is cheaper with a 0.14% expense ratio, compared with 0.34% for BCFU.DE.

What is the main difference between BCFU.DE and BIL?

BCFU.DE is categorized as Commodities, while BIL is Government Bonds. BCFU.DE tracks UBS BCOM Constant Maturity, while BIL tracks Bloomberg 1-3 Month U.S. Treasury Bill Index. They also come from different issuers: UBS and State Street. Their fees differ too: 0.34% for BCFU.DE and 0.14% for BIL.