BCFU.DE vs. XAAG.DE
BCFU.DE (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc) and XAAG.DE (Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc) are both Commodities funds - BCFU.DE tracks the UBS BCOM Constant Maturity while XAAG.DE tracks the Bloomberg Commodity ex-Agriculture and Livestock. Both are passively managed. Over the past 5 years, BCFU.DE returned 12.00%/yr vs 13.88%/yr for XAAG.DE. Their correlation of 0.83 suggests significant overlap in exposure. BCFU.DE charges 0.34%/yr vs 0.19%/yr for XAAG.DE.
Performance
BCFU.DE vs. XAAG.DE - Performance Comparison
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Different Trading Currencies
BCFU.DE is traded in USD, while XAAG.DE is traded in EUR. To make them comparable, the XAAG.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BCFU.DE achieves a 17.70% return, which is significantly lower than XAAG.DE's 26.22% 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*
- —
XAAG.DE
- 1D
- -0.43%
- 1M
- -0.25%
- YTD
- 26.22%
- 6M
- 30.22%
- 1Y
- 49.90%
- 3Y*
- 20.92%
- 5Y*
- 13.88%
- 10Y*
- —
BCFU.DE vs. XAAG.DE - 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% |
XAAG.DE Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc | 26.22% | 26.58% | 8.28% | -12.07% | 16.55% | 28.74% | -11.59% | 10.61% | -9.58% | 16.10% |
Correlation
The correlation between BCFU.DE and XAAG.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2017 | 0.83 |
The correlation between BCFU.DE and XAAG.DE has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.
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Return for Risk
BCFU.DE vs. XAAG.DE — Risk / Return Rank
BCFU.DE
XAAG.DE
BCFU.DE vs. XAAG.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 (USD) A-acc (BCFU.DE) and Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.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.
| BCFU.DE | XAAG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.42 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.21 | 4.79 | +0.42 |
| Martin ratioReturn relative to average drawdown | 13.49 | 11.55 | +1.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BCFU.DE | XAAG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | 2.36 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.67 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.50 | +0.19 |
Drawdowns
BCFU.DE vs. XAAG.DE - Drawdown Comparison
The maximum BCFU.DE drawdown since its inception was -28.81%, smaller than the maximum XAAG.DE drawdown of -34.98%. Use the drawdown chart below to compare losses from any high point for BCFU.DE and XAAG.DE.
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Drawdown Indicators
| BCFU.DE | XAAG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.81% | -34.98% | +6.17% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -10.37% | +4.14% |
Max Drawdown (3Y)Largest decline over 3 years | -10.73% | -13.80% | +3.07% |
Max Drawdown (5Y)Largest decline over 5 years | -26.29% | -33.37% | +7.08% |
Current DrawdownCurrent decline from peak | -4.34% | -3.38% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -11.95% | -13.59% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 4.31% | -1.90% |
Volatility
BCFU.DE vs. XAAG.DE - Volatility Comparison
UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (BCFU.DE) and Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.DE) have volatilities of 4.57% and 4.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCFU.DE | XAAG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 4.80% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 12.16% | 18.46% | -6.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.96% | 21.04% | -7.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 20.63% | -4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.55% | 18.73% | -4.18% |
BCFU.DE vs. XAAG.DE - Expense Ratio Comparison
BCFU.DE has a 0.34% expense ratio, which is higher than XAAG.DE's 0.19% expense ratio.
Dividends
BCFU.DE vs. XAAG.DE - Dividend Comparison
Neither BCFU.DE nor XAAG.DE has paid dividends to shareholders.
Frequently Asked Questions
BCFU.DE and XAAG.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XAAG.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XAAG.DE is cheaper with a 0.19% expense ratio, compared with 0.34% for BCFU.DE.
BCFU.DE tracks UBS BCOM Constant Maturity, while XAAG.DE tracks Bloomberg Commodity ex-Agriculture and Livestock. They also come from different issuers: UBS and Invesco. Their fees differ too: 0.34% for BCFU.DE and 0.19% for XAAG.DE.
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