UIM4.DE vs. BCFE.DE
UIM4.DE (UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis) and BCFE.DE (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - UIM4.DE is a Europe Equities fund tracking the MSCI EMU, while BCFE.DE is a Commodities fund tracking the UBS BCOM Constant Maturity (EUR Hedged). Both are passively managed. Over the past 5 years, UIM4.DE returned 10.60%/yr vs 9.76%/yr for BCFE.DE. At a 0.19 correlation, their price movements are largely independent. UIM4.DE charges 0.12%/yr vs 0.34%/yr for BCFE.DE.
Performance
UIM4.DE vs. BCFE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UIM4.DE achieves a 8.95% return, which is significantly lower than BCFE.DE's 17.15% return.
UIM4.DE
- 1D
- 0.60%
- 1M
- 4.76%
- YTD
- 8.95%
- 6M
- 10.84%
- 1Y
- 18.11%
- 3Y*
- 16.13%
- 5Y*
- 10.60%
- 10Y*
- 10.00%
BCFE.DE
- 1D
- -1.12%
- 1M
- -2.28%
- YTD
- 17.15%
- 6M
- 19.15%
- 1Y
- 29.80%
- 3Y*
- 12.43%
- 5Y*
- 9.76%
- 10Y*
- —
UIM4.DE vs. BCFE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UIM4.DE UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis | 8.95% | 24.73% | 9.53% | 18.91% | -11.89% | 21.97% | -0.72% | 27.27% | -12.97% | 1.21% |
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 UIM4.DE and BCFE.DE is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2017 | 0.19 |
The correlation between UIM4.DE and BCFE.DE shifts across timeframes, from -0.13 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UIM4.DE vs. BCFE.DE — Risk / Return Rank
UIM4.DE
BCFE.DE
UIM4.DE vs. BCFE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis (UIM4.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.
| UIM4.DE | BCFE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.40 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 4.83 | -3.05 |
| Martin ratioReturn relative to average drawdown | 6.46 | 11.89 | -5.43 |
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
| UIM4.DE | BCFE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 2.14 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.55 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.49 | -0.05 |
Drawdowns
UIM4.DE vs. BCFE.DE - Drawdown Comparison
The maximum UIM4.DE drawdown since its inception was -57.87%, which is greater than BCFE.DE's maximum drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for UIM4.DE and BCFE.DE.
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Drawdown Indicators
| UIM4.DE | BCFE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.87% | -32.93% | -24.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.11% | -6.14% | -3.97% |
Max Drawdown (3Y)Largest decline over 3 years | -15.21% | -11.00% | -4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -24.54% | -27.28% | +2.74% |
Max Drawdown (10Y)Largest decline over 10 years | -38.32% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | -4.36% | +3.82% |
Average DrawdownAverage peak-to-trough decline | -11.29% | -13.69% | +2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.50% | +0.29% |
Volatility
UIM4.DE vs. BCFE.DE - Volatility Comparison
UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis (UIM4.DE) has a higher volatility of 4.77% compared to UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE) at 4.33%. This indicates that UIM4.DE's price experiences larger fluctuations and is considered to be riskier 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
| UIM4.DE | BCFE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 4.33% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 12.10% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.61% | 13.88% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 17.51% | -1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.33% | 15.30% | +2.03% |
UIM4.DE vs. BCFE.DE - Expense Ratio Comparison
UIM4.DE has a 0.12% expense ratio, which is lower than BCFE.DE's 0.34% expense ratio.
Dividends
UIM4.DE vs. BCFE.DE - Dividend Comparison
UIM4.DE's dividend yield for the trailing twelve months is around 2.46%, while BCFE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCFE.DE UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UIM4.DE UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis | 2.46% | 2.52% | 2.71% | 2.69% | 2.84% | 1.83% | 1.58% | 2.66% | 3.26% | 2.51% | 2.57% | 2.99% |
Frequently Asked Questions
UIM4.DE and BCFE.DE have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UIM4.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UIM4.DE is cheaper with a 0.12% expense ratio, compared with 0.34% for BCFE.DE.
UIM4.DE is categorized as Europe Equities, while BCFE.DE is Commodities. UIM4.DE tracks MSCI EMU, while BCFE.DE tracks UBS BCOM Constant Maturity (EUR Hedged). Their fees differ too: 0.12% for UIM4.DE and 0.34% for BCFE.DE.
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