UCIB vs. PIT
Compare and contrast key facts about ETRACS CMCI Total Return ETN Series B (UCIB) and VanEck Commodity Strategy ETF (PIT).
UCIB and PIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UCIB is a passively managed fund by UBS that tracks the performance of the UBS Bloomberg CMCI Index. It was launched on Oct 8, 2015. PIT is an actively managed fund by VanEck. It was launched on Dec 20, 2022.
Performance
UCIB vs. PIT - Performance Comparison
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UCIB vs. PIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UCIB ETRACS CMCI Total Return ETN Series B | 17.46% | 8.97% | 6.58% | -2.26% | 1.98% |
PIT VanEck Commodity Strategy ETF | 37.04% | 21.63% | 6.77% | -4.54% | 2.74% |
Returns By Period
In the year-to-date period, UCIB achieves a 17.46% return, which is significantly lower than PIT's 37.04% return.
UCIB
- 1D
- -0.87%
- 1M
- 8.87%
- YTD
- 17.46%
- 6M
- 21.31%
- 1Y
- 24.14%
- 3Y*
- 10.68%
- 5Y*
- 14.15%
- 10Y*
- 10.41%
PIT
- 1D
- -0.55%
- 1M
- 18.54%
- YTD
- 37.04%
- 6M
- 43.92%
- 1Y
- 54.67%
- 3Y*
- 21.59%
- 5Y*
- —
- 10Y*
- —
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UCIB vs. PIT - Expense Ratio Comparison
Both UCIB and PIT have an expense ratio of 0.55%.
Return for Risk
UCIB vs. PIT — Risk / Return Rank
UCIB
PIT
UCIB vs. PIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS CMCI Total Return ETN Series B (UCIB) and VanEck Commodity Strategy ETF (PIT). 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 | PIT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 2.59 | -1.50 |
Sortino ratioReturn per unit of downside risk | 1.51 | 3.18 | -1.67 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.46 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.98 | 4.85 | -2.88 |
Martin ratioReturn relative to average drawdown | 5.65 | 17.48 | -11.83 |
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 | PIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 2.59 | -1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 1.10 | -0.70 |
Correlation
The correlation between UCIB and PIT is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
UCIB vs. PIT - Dividend Comparison
UCIB has not paid dividends to shareholders, while PIT's dividend yield for the trailing twelve months is around 6.51%.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UCIB ETRACS CMCI Total Return ETN Series B | 0.00% | 0.00% | 0.00% | 0.00% |
PIT VanEck Commodity Strategy ETF | 6.51% | 8.92% | 3.59% | 6.44% |
Drawdowns
UCIB vs. PIT - Drawdown Comparison
The maximum UCIB drawdown since its inception was -36.94%, which is greater than PIT's maximum drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for UCIB and PIT.
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Drawdown Indicators
| UCIB | PIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.94% | -12.27% | -24.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.17% | -11.66% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -20.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.94% | — | — |
Current DrawdownCurrent decline from peak | -0.87% | -0.55% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -4.06% | -5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 3.24% | +0.67% |
Volatility
UCIB vs. PIT - Volatility Comparison
The current volatility for ETRACS CMCI Total Return ETN Series B (UCIB) is 5.12%, while VanEck Commodity Strategy ETF (PIT) has a volatility of 10.09%. This indicates that UCIB experiences smaller price fluctuations and is considered to be less risky than PIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCIB | PIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 10.09% | -4.97% |
Volatility (6M)Calculated over the trailing 6-month period | 15.72% | 17.34% | -1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.34% | 21.28% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.02% | 17.04% | +6.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.62% | 17.04% | +4.58% |