UEQU.DE vs. BCFE.DE
UEQU.DE (UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc) and BCFE.DE (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc) are both Commodities funds from UBS - UEQU.DE tracks the UBS CMCI Ex Agriculture Ex Livestock Capped while BCFE.DE tracks the UBS BCOM Constant Maturity (EUR Hedged). Both are passively managed. Over the past 5 years, UEQU.DE returned 14.40%/yr vs 9.76%/yr for BCFE.DE. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.34% expense ratio.
Performance
UEQU.DE vs. BCFE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEQU.DE achieves a 25.53% return, which is significantly higher than BCFE.DE's 17.15% return.
UEQU.DE
- 1D
- -0.80%
- 1M
- 2.99%
- YTD
- 25.53%
- 6M
- 26.95%
- 1Y
- 40.51%
- 3Y*
- 14.81%
- 5Y*
- 14.40%
- 10Y*
- 10.80%
BCFE.DE
- 1D
- -1.12%
- 1M
- -0.08%
- YTD
- 17.15%
- 6M
- 18.41%
- 1Y
- 28.89%
- 3Y*
- 12.43%
- 5Y*
- 9.76%
- 10Y*
- —
UEQU.DE vs. BCFE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UEQU.DE UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc | 25.53% | 6.36% | 13.03% | -8.33% | 20.34% | 46.31% | -10.57% | 14.71% | -7.23% | 14.40% |
BCFE.DE UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc | 17.15% | 16.62% | 3.14% | -7.92% | 14.03% | 30.33% | -0.98% | 3.51% | -10.71% | 7.70% |
Correlation
The correlation between UEQU.DE and BCFE.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2017 | 0.73 |
The correlation between UEQU.DE and BCFE.DE has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.
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Return for Risk
UEQU.DE vs. BCFE.DE — Risk / Return Rank
UEQU.DE
BCFE.DE
UEQU.DE vs. BCFE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc (UEQU.DE) and UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE). 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.
| UEQU.DE | BCFE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.40 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 6.29 | 4.83 | +1.46 |
| Martin ratioReturn relative to average drawdown | 15.25 | 11.89 | +3.36 |
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
| UEQU.DE | BCFE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 2.14 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.55 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.49 | +0.15 |
Drawdowns
UEQU.DE vs. BCFE.DE - Drawdown Comparison
The maximum UEQU.DE drawdown since its inception was -30.56%, smaller than the maximum BCFE.DE drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for UEQU.DE and BCFE.DE.
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Drawdown Indicators
| UEQU.DE | BCFE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.56% | -32.93% | +2.37% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -6.14% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.66% | -11.00% | -4.66% |
Max Drawdown (5Y)Largest decline over 5 years | -22.44% | -27.28% | +4.84% |
Max Drawdown (10Y)Largest decline over 10 years | -30.56% | — | — |
Current DrawdownCurrent decline from peak | -1.21% | -4.36% | +3.15% |
Average DrawdownAverage peak-to-trough decline | -8.92% | -13.69% | +4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 2.50% | +0.19% |
Volatility
UEQU.DE vs. BCFE.DE - Volatility Comparison
The current volatility for UBS ETF (IE) CMCI ex-Agriculture SF UCITS ETF (USD) A-acc (UEQU.DE) is 3.91%, while UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE) has a volatility of 4.33%. This indicates that UEQU.DE experiences smaller price fluctuations and is considered to be less risky than BCFE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEQU.DE | BCFE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 4.33% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 13.03% | 12.10% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.73% | 13.88% | +1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 17.51% | -0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.41% | 15.30% | +1.11% |
UEQU.DE vs. BCFE.DE - Expense Ratio Comparison
Both UEQU.DE and BCFE.DE have an expense ratio of 0.34%.
Dividends
UEQU.DE vs. BCFE.DE - Dividend Comparison
Neither UEQU.DE nor BCFE.DE has paid dividends to shareholders.
Frequently Asked Questions
UEQU.DE and BCFE.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.34% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
UEQU.DE and BCFE.DE have the same expense ratio: 0.34% per year.
UEQU.DE tracks UBS CMCI Ex Agriculture Ex Livestock Capped, while BCFE.DE tracks UBS BCOM Constant Maturity (EUR Hedged).
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