UCIB vs. COM
UCIB (ETRACS CMCI Total Return ETN Series B) and COM (Direxion Auspice Broad Commodity Strategy ETF) are both Commodities funds - UCIB tracks the UBS Bloomberg CMCI Index while COM tracks the Auspice Broad Commodity ER Index. Both are passively managed. Over the past 5 years, UCIB returned 11.77%/yr vs 8.28%/yr for COM. At a 0.47 correlation, their price movements are largely independent. UCIB charges 0.55%/yr vs 0.70%/yr for COM.
Performance
UCIB vs. COM - Performance Comparison
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Returns By Period
In the year-to-date period, UCIB achieves a 20.67% return, which is significantly higher than COM's 14.96% return.
UCIB
- 1D
- -1.83%
- 1M
- -5.93%
- YTD
- 20.67%
- 6M
- 21.76%
- 1Y
- 29.68%
- 3Y*
- 13.51%
- 5Y*
- 11.77%
- 10Y*
- 10.30%
COM
- 1D
- -0.76%
- 1M
- -2.14%
- YTD
- 14.96%
- 6M
- 14.36%
- 1Y
- 22.41%
- 3Y*
- 7.16%
- 5Y*
- 8.28%
- 10Y*
- —
UCIB vs. COM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCIB ETRACS CMCI Total Return ETN Series B | 20.67% | 8.97% | 6.58% | -2.26% | 18.24% | 37.34% | 1.10% | 10.86% | -9.48% | 8.55% |
COM Direxion Auspice Broad Commodity Strategy ETF | 14.96% | 7.72% | 5.81% | -2.09% | 9.17% | 28.00% | 6.63% | -0.18% | -0.03% | -2.05% |
Correlation
The correlation between UCIB and COM is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2017 | 0.47 |
Over the past year, UCIB and COM have become more correlated (0.69) than their long-term average of 0.47, meaning their price movements have been converging.
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Return for Risk
UCIB vs. COM — Risk / Return Rank
UCIB
COM
UCIB vs. COM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS CMCI Total Return ETN Series B (UCIB) and Direxion Auspice Broad Commodity Strategy ETF (COM). 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.
| UCIB | COM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.41 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 4.95 | -3.03 |
| Martin ratioReturn relative to average drawdown | 6.55 | 14.37 | -7.82 |
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
| UCIB | COM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 2.16 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.87 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.72 | -0.35 |
Drawdowns
UCIB vs. COM - Drawdown Comparison
The maximum UCIB drawdown since its inception was -36.94%, which is greater than COM's maximum drawdown of -15.95%. Use the drawdown chart below to compare losses from any high point for UCIB and COM.
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Drawdown Indicators
| UCIB | COM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.94% | -15.95% | -20.99% |
Max Drawdown (1Y)Largest decline over 1 year | -15.53% | -4.55% | -10.98% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -8.50% | -7.68% |
Max Drawdown (5Y)Largest decline over 5 years | -20.95% | -14.02% | -6.93% |
Max Drawdown (10Y)Largest decline over 10 years | -36.94% | — | — |
Current DrawdownCurrent decline from peak | -15.53% | -4.55% | -10.98% |
Average DrawdownAverage peak-to-trough decline | -9.06% | -6.28% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 1.56% | +2.98% |
Volatility
UCIB vs. COM - Volatility Comparison
ETRACS CMCI Total Return ETN Series B (UCIB) has a higher volatility of 16.62% compared to Direxion Auspice Broad Commodity Strategy ETF (COM) at 4.04%. This indicates that UCIB's price experiences larger fluctuations and is considered to be riskier than COM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCIB | COM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.62% | 4.04% | +12.58% |
Volatility (6M)Calculated over the trailing 6-month period | 31.05% | 8.60% | +22.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.72% | 10.41% | +21.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.74% | 9.60% | +17.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.22% | 9.77% | +13.45% |
UCIB vs. COM - Expense Ratio Comparison
UCIB has a 0.55% expense ratio, which is lower than COM's 0.70% expense ratio.
Dividends
UCIB vs. COM - Dividend Comparison
UCIB has not paid dividends to shareholders, while COM's dividend yield for the trailing twelve months is around 2.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
COM Direxion Auspice Broad Commodity Strategy ETF | 2.46% | 2.99% | 3.88% | 3.80% | 8.59% | 10.32% | 0.13% | 1.09% | 2.36% | 0.09% |
UCIB ETRACS CMCI Total Return ETN Series B | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UCIB and COM have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCIB has higher volatility (16.62%) compared to COM (4.04%). In terms of maximum drawdown, UCIB dropped -36.94% vs COM's -15.95%.
On 5-year performance, UCIB leads with 11.77% vs 8.28% for COM. On fees, UCIB is cheaper at 0.55% per year. On volatility, COM has been the lower-risk option at 4.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UCIB has performed better with a 11.77% return vs 8.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UCIB is cheaper with a 0.55% expense ratio, compared with 0.70% for COM.
COM has the higher dividend yield at 2.46%, compared with 0.00% for UCIB.
UCIB tracks UBS Bloomberg CMCI Index, while COM tracks Auspice Broad Commodity ER Index. They also come from different issuers: UBS and Direxion. Their fees differ too: 0.55% for UCIB and 0.70% for COM.
COM currently has the higher Sharpe Ratio (2.16 vs 0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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