UCIB vs. JMMF
UCIB (ETRACS CMCI Total Return ETN Series B) and JMMF (JPMorgan 100% U.S. Treasury Securities Money Market ETF) are both exchange-traded funds - UCIB is a Commodities fund tracking the UBS Bloomberg CMCI Index, while JMMF is a Money Market fund actively managed by JPMorgan. UCIB is passively managed, while JMMF is actively managed. Their -0.18 correlation means they have often moved in opposite directions in the past. UCIB charges 0.55%/yr vs 0.16%/yr for JMMF.
Performance
UCIB vs. JMMF - Performance Comparison
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Returns By Period
In the year-to-date period, UCIB achieves a 23.75% return, which is significantly higher than JMMF's 1.73% return.
UCIB
- 1D
- 0.00%
- 1M
- 6.70%
- 6M
- 20.34%
- YTD
- 23.75%
- 1Y
- 32.01%
- 3Y*
- 11.45%
- 5Y*
- 12.44%
- 10Y*
- 10.54%
- ALL TIME*
- 4.77%
JMMF
- 1D
- -0.29%
- 1M
- 0.00%
- 6M
- 1.51%
- YTD
- 1.73%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $877.02K | $712.20K | $553.22K | |
| $582.36K | $305.70K | $123.29K |
UCIB vs. JMMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UCIB ETRACS CMCI Total Return ETN Series B | 23.75% | 0.90% |
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF | 1.73% | 0.17% |
Correlation
The correlation between UCIB and JMMF is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 11, 2025 | -0.18 |
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Return for Risk
UCIB vs. JMMF — Risk / Return Rank
UCIB
JMMF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UCIB vs. JMMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS CMCI Total Return ETN Series B (UCIB) and JPMorgan 100% U.S. Treasury Securities Money Market ETF (JMMF). 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 | JMMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | — | — |
| Martin ratioReturn relative to average drawdown | 4.13 | — | — |
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Drawdowns
UCIB vs. JMMF - Drawdown Comparison
The maximum UCIB drawdown since its inception was -51.29%, which is greater than JMMF's maximum drawdown of -0.29%. Use the drawdown chart below to compare losses from any high point for UCIB and JMMF.
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Drawdown Indicators
| UCIB | JMMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.29% | -0.29% | -51.00% |
Max Drawdown (1Y)Largest decline over 1 year | -22.67% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -22.67% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.94% | — | — |
Current DrawdownCurrent decline from peak | -13.37% | -0.29% | -13.08% |
Average DrawdownAverage peak-to-trough decline | -20.97% | -0.01% | -20.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.77% | — | — |
Volatility
UCIB vs. JMMF - Volatility Comparison
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Volatility by Period
| UCIB | JMMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.90% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 36.85% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 39.64% | 0.63% | +39.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.70% | 0.63% | +28.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.45% | 0.63% | +23.82% |
UCIB vs. JMMF - Expense Ratio Comparison
UCIB has a 0.55% expense ratio, which is higher than JMMF's 0.16% expense ratio.
Dividends
UCIB vs. JMMF - Dividend Comparison
UCIB has not paid dividends to shareholders, while JMMF's dividend yield for the trailing twelve months is around 2.21%.
| Position | TTM | 2025 |
|---|---|---|
JMMF JPMorgan 100% U.S. Treasury Securities Money Market ETF | 2.21% | 0.20% |
UCIB ETRACS CMCI Total Return ETN Series B | 0.00% | 0.00% |
Frequently Asked Questions
UCIB and JMMF have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JMMF is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JMMF is cheaper with a 0.16% expense ratio, compared with 0.55% for UCIB.
JMMF has the higher dividend yield at 2.21%, compared with 0.00% for UCIB.
UCIB is categorized as Commodities, while JMMF is Money Market. They also come from different issuers: UBS and JPMorgan. Their fees differ too: 0.55% for UCIB and 0.16% for JMMF.
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