FBGX vs. UCIB

Last updated Jun 24, 2026

FBGX (UBS AG FI Enhanced Large Cap Growth ETN) and UCIB (ETRACS CMCI Total Return ETN Series B) are both exchange-traded funds - FBGX is a Leveraged Equities fund tracking the Russell 1000 Growth Index (200%), while UCIB is a Commodities fund tracking the UBS Bloomberg CMCI Index. Both are passively managed. At a 0.14 correlation, their price movements are largely independent. FBGX charges 1.29%/yr vs 0.55%/yr for UCIB.

Performance

FBGX vs. UCIB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS AG FI Enhanced Large Cap Growth ETN (FBGX) and ETRACS CMCI Total Return ETN Series B (UCIB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FBGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UCIB

• 1D: -0.15%
• 1M: -5.98%
• YTD: 17.40%
• 6M: 17.51%
• 1Y: 22.65%
• 3Y*: 11.68%
• 5Y*: 11.67%
• 10Y*: 9.99%

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

FBGX vs. UCIB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	35.73%	83.74%	-56.41%	57.04%	65.79%	75.84%	-16.58%	64.01%
UCIB ETRACS CMCI Total Return ETN Series B	17.40%	8.97%	6.58%	-2.26%	18.24%	37.34%	1.10%	10.86%	-9.48%	5.85%

Correlation

The correlation between FBGX and UCIB is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015	0.14

The correlation between FBGX and UCIB shifts across timeframes, from 0.02 (3 years) to 0.15 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

FBGX vs. UCIB — Risk / Return Rank

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

FBGX

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

UCIB

UCIB Risk / Return Rank: 27
UCIB Sharpe Ratio Rank: 21
UCIB Sortino Ratio Rank: 21
UCIB Omega Ratio Rank: 35
UCIB Calmar Ratio Rank: 27
UCIB Martin Ratio Rank: 30

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.

FBGX vs. UCIB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS AG FI Enhanced Large Cap Growth ETN (FBGX) and ETRACS CMCI Total Return ETN Series B (UCIB). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FBGX	UCIB	Difference
Sharpe ratio: Return per unit of total volatility	—	0.70	—
Sortino ratio: Return per unit of downside risk	—	1.13	—
Omega ratio: Gain probability vs. loss probability	—	1.22	—
Calmar ratio: Return relative to maximum drawdown	—	1.28	—
Martin ratio: Return relative to average drawdown	—	3.95	—

Drawdowns

Drawdown Indicators

	FBGX	UCIB	Difference
Max Drawdown Largest peak-to-trough decline	—	-51.29%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-17.82%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.82%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.94%	—
Current Drawdown Current decline from peak	—	-17.82%	—
Average Drawdown Average peak-to-trough decline	—	-21.03%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.76%	—

Volatility

Volatility by Period

	FBGX	UCIB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	31.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	32.37%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	26.86%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	23.33%	—

FBGX vs. UCIB - Expense Ratio Comparison

FBGX has a 1.29% expense ratio, which is higher than UCIB's 0.55% expense ratio.

Dividends

FBGX vs. UCIB - Dividend Comparison

Neither FBGX nor UCIB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FBGX and UCIB in my portfolio?

FBGX and UCIB have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FBGX or UCIB?

On fees, UCIB is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FBGX or UCIB?

UCIB is cheaper with a 0.55% expense ratio, compared with 1.29% for FBGX.

Which ETF pays a higher dividend yield, FBGX or UCIB?

FBGX and UCIB have nearly identical dividend yields, around 0.00%.

What is the main difference between FBGX and UCIB?

FBGX is categorized as Leveraged Equities, while UCIB is Commodities. FBGX tracks Russell 1000 Growth Index (200%), while UCIB tracks UBS Bloomberg CMCI Index. Their fees differ too: 1.29% for FBGX and 0.55% for UCIB.