UCIB vs. ZSC

Last updated Apr 1, 2026

Compare and contrast key facts about ETRACS CMCI Total Return ETN Series B (UCIB) and USCF Sustainable Commodity Strategy Fund (ZSC).

UCIB and ZSC 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. ZSC is an actively managed fund by USCF. It was launched on Aug 8, 2023.

Performance

UCIB vs. ZSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS CMCI Total Return ETN Series B (UCIB) and USCF Sustainable Commodity Strategy Fund (ZSC). The values are adjusted to include any dividend payments, if applicable.

UCIB vs. ZSC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UCIB ETRACS CMCI Total Return ETN Series B	17.46%	8.97%	6.58%	-3.91%
ZSC USCF Sustainable Commodity Strategy Fund	4.85%	28.43%	-14.39%	-10.63%

Returns By Period

In the year-to-date period, UCIB achieves a 17.46% return, which is significantly higher than ZSC's 4.85% 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%

ZSC

• 1D: 0.44%
• 1M: 1.03%
• YTD: 4.85%
• 6M: 17.52%
• 1Y: 30.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UCIB vs. ZSC - Expense Ratio Comparison

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

ZSC

USCF Sustainable Commodity Strategy Fund

UCIB

ETRACS CMCI Total Return ETN Series B

Return for Risk

UCIB vs. ZSC — Risk / Return Rank

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

UCIB

UCIB Risk / Return Rank: 65
UCIB Sharpe Ratio Rank: 62
UCIB Sortino Ratio Rank: 58
UCIB Omega Ratio Rank: 71
UCIB Calmar Ratio Rank: 75
UCIB Martin Ratio Rank: 57

ZSC

ZSC Risk / Return Rank: 93
ZSC Sharpe Ratio Rank: 93
ZSC Sortino Ratio Rank: 94
ZSC Omega Ratio Rank: 93
ZSC Calmar Ratio Rank: 95
ZSC Martin Ratio Rank: 90

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. ZSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS CMCI Total Return ETN Series B (UCIB) and USCF Sustainable Commodity Strategy Fund (ZSC). 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	ZSC	Difference
Sharpe ratio Return per unit of total volatility	1.09	2.27	-1.18
Sortino ratio Return per unit of downside risk	1.51	2.95	-1.44
Omega ratio Gain probability vs. loss probability	1.27	1.43	-0.16
Calmar ratio Return relative to maximum drawdown	1.98	4.05	-2.07
Martin ratio Return relative to average drawdown	5.65	12.11	-6.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UCIB vs. ZSC - Sharpe Ratio Comparison

The current UCIB Sharpe Ratio is 1.09, which is lower than the ZSC Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of UCIB and ZSC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UCIB	ZSC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	2.27	-1.18
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	0.09	+0.30

Correlation

The correlation between UCIB and ZSC is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

UCIB vs. ZSC - Dividend Comparison

UCIB has not paid dividends to shareholders, while ZSC's dividend yield for the trailing twelve months is around 1.67%.

	TTM	2025	2024	2023
UCIB ETRACS CMCI Total Return ETN Series B	0.00%	0.00%	0.00%	0.00%
ZSC USCF Sustainable Commodity Strategy Fund	1.67%	1.75%	2.18%	1.40%

Drawdowns

UCIB vs. ZSC - Drawdown Comparison

The maximum UCIB drawdown since its inception was -36.94%, which is greater than ZSC's maximum drawdown of -26.49%. Use the drawdown chart below to compare losses from any high point for UCIB and ZSC.

Drawdown Indicators

	UCIB	ZSC	Difference
Max Drawdown Largest peak-to-trough decline	-36.94%	-26.49%	-10.45%
Max Drawdown (1Y) Largest decline over 1 year	-11.17%	-7.69%	-3.48%
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	-0.87%	-2.33%	+1.46%
Average Drawdown Average peak-to-trough decline	-9.12%	-15.63%	+6.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.91%	2.57%	+1.34%

Volatility

UCIB vs. ZSC - Volatility Comparison

ETRACS CMCI Total Return ETN Series B (UCIB) has a higher volatility of 5.12% compared to USCF Sustainable Commodity Strategy Fund (ZSC) at 3.98%. This indicates that UCIB's price experiences larger fluctuations and is considered to be riskier than ZSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UCIB	ZSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.12%	3.98%	+1.14%
Volatility (6M) Calculated over the trailing 6-month period	15.72%	10.59%	+5.13%
Volatility (1Y) Calculated over the trailing 1-year period	22.34%	13.56%	+8.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.02%	12.42%	+11.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.62%	12.42%	+9.20%