UCIB vs. FBGX

Last updated Jun 5, 2026

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

Performance

UCIB vs. FBGX - Performance Comparison

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

Returns By Period

UCIB

• 1D: 2.52%
• 1M: 0.75%
• YTD: 23.71%
• 6M: 24.60%
• 1Y: 32.69%
• 3Y*: 14.28%
• 5Y*: 12.32%
• 10Y*: 10.57%

FBGX

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

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

UCIB vs. FBGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UCIB ETRACS CMCI Total Return ETN Series B	23.71%	8.97%	6.58%	-2.26%	18.24%	37.34%	1.10%	10.86%	-9.48%	5.85%
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%

Correlation

The correlation between UCIB and FBGX 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	0.03
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 12, 2015	0.14

The correlation between UCIB and FBGX shifts across timeframes, from 0.03 (3 years) to 0.14 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

UCIB vs. FBGX — Risk / Return Rank

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

UCIB

UCIB Risk / Return Rank: 39
UCIB Sharpe Ratio Rank: 29
UCIB Sortino Ratio Rank: 28
UCIB Omega Ratio Rank: 50
UCIB Calmar Ratio Rank: 43
UCIB Martin Ratio Rank: 44

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. FBGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS CMCI Total Return ETN Series B (UCIB) and UBS AG FI Enhanced Large Cap Growth ETN (FBGX). 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	FBGX	Difference
Sharpe ratio: Return per unit of total volatility	1.03	—	—
Sortino ratio: Return per unit of downside risk	1.48	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.12	—	—
Martin ratio: Return relative to average drawdown	7.10	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	UCIB	FBGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	—	—

Drawdowns

Drawdown Indicators

	UCIB	FBGX	Difference
Max Drawdown Largest peak-to-trough decline	-36.94%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-15.53%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.18%	—	—
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	-13.40%	—	—
Average Drawdown Average peak-to-trough decline	-9.06%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.62%	—	—

Volatility

Volatility by Period

	UCIB	FBGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	31.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	31.80%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.76%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.23%	—	—

UCIB vs. FBGX - Expense Ratio Comparison

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

Dividends

UCIB vs. FBGX - Dividend Comparison

Neither UCIB nor FBGX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UCIB and FBGX in my portfolio?

UCIB and FBGX 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, UCIB or FBGX?

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, UCIB or FBGX?

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

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

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

What is the main difference between UCIB and FBGX?

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