UBUT.DE vs. BCFE.DE
UBUT.DE (UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis) and BCFE.DE (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - UBUT.DE is a Large Cap Blend Equities fund tracking the MSCI USA Quality, while BCFE.DE is a Commodities fund tracking the UBS BCOM Constant Maturity (EUR Hedged). Both are passively managed. Over the past 5 years, UBUT.DE returned 13.25%/yr vs 8.98%/yr for BCFE.DE. At a 0.12 correlation, their price movements are largely independent. UBUT.DE charges 0.25%/yr vs 0.34%/yr for BCFE.DE.
Performance
UBUT.DE vs. BCFE.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with UBUT.DE having a 13.85% return and BCFE.DE slightly lower at 13.76%.
UBUT.DE
- 1D
- -0.10%
- 1M
- 2.06%
- 6M
- 13.11%
- YTD
- 13.85%
- 1Y
- 26.75%
- 3Y*
- 18.99%
- 5Y*
- 13.25%
- 10Y*
- 15.76%
BCFE.DE
- 1D
- 0.11%
- 1M
- 0.90%
- 6M
- 10.73%
- YTD
- 13.76%
- 1Y
- 24.11%
- 3Y*
- 10.02%
- 5Y*
- 8.98%
- 10Y*
- —
UBUT.DE vs. BCFE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UBUT.DE UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 13.85% | 4.94% | 28.23% | 31.58% | -19.43% | 39.75% | 10.58% | 41.48% | 1.10% | 7.00% |
BCFE.DE UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc | 13.76% | 16.64% | 3.14% | -7.90% | 14.00% | 30.29% | -0.93% | 3.55% | -10.75% | 4.20% |
Correlation
The correlation between UBUT.DE and BCFE.DE is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 25, 2017 | 0.13 |
The correlation between UBUT.DE and BCFE.DE shifts across timeframes, from -0.11 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UBUT.DE vs. BCFE.DE — Risk / Return Rank
UBUT.DE
BCFE.DE
UBUT.DE vs. BCFE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.DE) and UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.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.
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.
| UBUT.DE | BCFE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.30 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 1.85 | +1.04 |
| Martin ratioReturn relative to average drawdown | 10.28 | 6.57 | +3.71 |
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Drawdowns
UBUT.DE vs. BCFE.DE - Drawdown Comparison
The maximum UBUT.DE drawdown since its inception was -30.49%, smaller than the maximum BCFE.DE drawdown of -32.94%. Use the drawdown chart below to compare losses from any high point for UBUT.DE and BCFE.DE.
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Drawdown Indicators
| UBUT.DE | BCFE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.49% | -32.94% | +2.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -12.95% | +3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -24.78% | -12.95% | -11.83% |
Max Drawdown (5Y)Largest decline over 5 years | -24.78% | -27.27% | +2.49% |
Max Drawdown (10Y)Largest decline over 10 years | -30.49% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -7.12% | +6.28% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -13.33% | +8.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 3.66% | -1.06% |
Volatility
UBUT.DE vs. BCFE.DE - Volatility Comparison
The current volatility for UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.DE) is 3.31%, while UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE) has a volatility of 4.71%. This indicates that UBUT.DE experiences smaller price fluctuations and is considered to be less risky than BCFE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UBUT.DE | BCFE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 4.71% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 12.42% | -3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 14.50% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 17.53% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 15.16% | +1.86% |
UBUT.DE vs. BCFE.DE - Expense Ratio Comparison
UBUT.DE has a 0.25% expense ratio, which is lower than BCFE.DE's 0.34% expense ratio.
Dividends
UBUT.DE vs. BCFE.DE - Dividend Comparison
UBUT.DE's dividend yield for the trailing twelve months is around 0.40%, while BCFE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BCFE.DE UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UBUT.DE UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 0.40% | 0.47% | 0.65% | 0.84% | 0.84% | 0.74% | 1.00% | 0.74% | 1.28% | 0.95% | 1.06% |
Frequently Asked Questions
UBUT.DE and BCFE.DE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UBUT.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UBUT.DE is cheaper with a 0.25% expense ratio, compared with 0.34% for BCFE.DE.
UBUT.DE is categorized as Large Cap Blend Equities, while BCFE.DE is Commodities. UBUT.DE tracks MSCI USA Quality, while BCFE.DE tracks UBS BCOM Constant Maturity (EUR Hedged). Their fees differ too: 0.25% for UBUT.DE and 0.34% for BCFE.DE.
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