UCIB vs. EVMT

Last updated Jun 24, 2026

UCIB (ETRACS CMCI Total Return ETN Series B) and EVMT (Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF) are both Commodities funds. UCIB is passively managed, while EVMT is actively managed. Over the past 3 years, UCIB returned 11.68%/yr vs 1.17%/yr for EVMT. At a 0.30 correlation, their price movements are largely independent. UCIB charges 0.55%/yr vs 0.59%/yr for EVMT.

Performance

UCIB vs. EVMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS CMCI Total Return ETN Series B (UCIB) and Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UCIB achieves a 17.40% return, which is significantly higher than EVMT's 4.92% return.

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%

EVMT

• 1D: -2.36%
• 1M: -7.56%
• YTD: 4.92%
• 6M: 9.06%
• 1Y: 31.03%
• 3Y*: 1.17%
• 5Y*: —
• 10Y*: —

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

UCIB vs. EVMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
UCIB ETRACS CMCI Total Return ETN Series B	17.40%	8.97%	6.58%	-2.26%	-4.13%
EVMT Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF	4.92%	30.61%	-10.50%	-27.71%	-16.95%

Correlation

The correlation between UCIB and EVMT is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (All Time) Calculated using the full available price history since Apr 26, 2022	0.30

Return for Risk

UCIB vs. EVMT — Risk / Return Rank

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

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

EVMT

EVMT Risk / Return Rank: 69
EVMT Sharpe Ratio Rank: 68
EVMT Sortino Ratio Rank: 66
EVMT Omega Ratio Rank: 68
EVMT Calmar Ratio Rank: 74
EVMT Martin Ratio Rank: 69

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.

UCIB vs. EVMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS CMCI Total Return ETN Series B (UCIB) and Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT). 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.

	UCIB	EVMT	Difference
Sharpe ratio: Return per unit of total volatility	0.70	2.01	-1.31
Sortino ratio: Return per unit of downside risk	1.13	2.75	-1.62
Omega ratio: Gain probability vs. loss probability	1.22	1.37	-0.14
Calmar ratio: Return relative to maximum drawdown	1.28	3.44	-2.17
Martin ratio: Return relative to average drawdown	3.95	11.60	-7.65

UCIB vs. EVMT - Sharpe Ratio Comparison

The current UCIB Sharpe Ratio is 0.70, which is lower than the EVMT Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of UCIB and EVMT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UCIB vs. EVMT - Drawdown Comparison

The maximum UCIB drawdown since its inception was -51.29%, which is greater than EVMT's maximum drawdown of -48.34%. Use the drawdown chart below to compare losses from any high point for UCIB and EVMT.

Drawdown Indicators

	UCIB	EVMT	Difference
Max Drawdown Largest peak-to-trough decline	-51.29%	-48.34%	-2.95%
Max Drawdown (1Y) Largest decline over 1 year	-17.82%	-9.05%	-8.77%
Max Drawdown (3Y) Largest decline over 3 years	-17.82%	-29.38%	+11.56%
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%	-27.57%	+9.75%
Average Drawdown Average peak-to-trough decline	-21.03%	-34.58%	+13.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.76%	2.68%	+3.08%

Volatility

UCIB vs. EVMT - Volatility Comparison

ETRACS CMCI Total Return ETN Series B (UCIB) has a higher volatility of 7.47% compared to Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF (EVMT) at 4.40%. This indicates that UCIB's price experiences larger fluctuations and is considered to be riskier than EVMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UCIB	EVMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.47%	4.40%	+3.07%
Volatility (6M) Calculated over the trailing 6-month period	31.71%	13.90%	+17.81%
Volatility (1Y) Calculated over the trailing 1-year period	32.37%	15.50%	+16.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.86%	20.46%	+6.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.33%	20.46%	+2.87%

UCIB vs. EVMT - Expense Ratio Comparison

UCIB has a 0.55% expense ratio, which is lower than EVMT's 0.59% expense ratio.

Dividends

UCIB vs. EVMT - Dividend Comparison

UCIB has not paid dividends to shareholders, while EVMT's dividend yield for the trailing twelve months is around 11.25%.

Position	TTM	2025	2024	2023	2022
EVMT Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF	11.25%	11.80%	3.62%	5.49%	0.86%
UCIB ETRACS CMCI Total Return ETN Series B	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UCIB and EVMT in my portfolio?

UCIB and EVMT have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UCIB or EVMT?

UCIB has higher volatility (7.47%) compared to EVMT (4.40%). In terms of maximum drawdown, UCIB dropped -51.29% vs EVMT's -48.34%.

Which ETF is better, UCIB or EVMT?

On 3-year performance, UCIB leads with 11.68% vs 1.17% for EVMT. On fees, UCIB is cheaper at 0.55% per year. On volatility, EVMT has been the lower-risk option at 4.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UCIB or EVMT?

Over the 3-year period, UCIB has performed better with a 11.68% return vs 1.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UCIB or EVMT?

UCIB is cheaper with a 0.55% expense ratio, compared with 0.59% for EVMT.

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

EVMT has the higher dividend yield at 11.25%, compared with 0.00% for UCIB.

What is the main difference between UCIB and EVMT?

They also come from different issuers: UBS and Invesco. Their fees differ too: 0.55% for UCIB and 0.59% for EVMT.

Which has better risk-adjusted returns?

EVMT currently has the higher Sharpe Ratio (2.01 vs 0.70), 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.