XAAG.DE vs. BCFU.DE
XAAG.DE (Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc) and BCFU.DE (UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc) are both Commodities funds - XAAG.DE tracks the Bloomberg Commodity ex-Agriculture and Livestock while BCFU.DE tracks the UBS BCOM Constant Maturity. Both are passively managed. Over the past 5 years, XAAG.DE returned 14.95%/yr vs 13.04%/yr for BCFU.DE. Their correlation of 0.81 suggests significant overlap in exposure. XAAG.DE charges 0.19%/yr vs 0.34%/yr for BCFU.DE.
Performance
XAAG.DE vs. BCFU.DE - Performance Comparison
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Different Trading Currencies
XAAG.DE is traded in EUR, while BCFU.DE is traded in USD. To make them comparable, the BCFU.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XAAG.DE achieves a 27.69% return, which is significantly higher than BCFU.DE's 19.04% return.
XAAG.DE
- 1D
- -0.56%
- 1M
- 2.26%
- YTD
- 27.69%
- 6M
- 27.75%
- 1Y
- 46.69%
- 3Y*
- 17.71%
- 5Y*
- 14.95%
- 10Y*
- —
BCFU.DE
- 1D
- -1.32%
- 1M
- -1.37%
- YTD
- 19.04%
- 6M
- 20.49%
- 1Y
- 30.38%
- 3Y*
- 11.53%
- 5Y*
- 13.04%
- 10Y*
- —
XAAG.DE vs. BCFU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XAAG.DE Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc | 27.69% | 12.13% | 14.84% | -14.76% | 23.35% | 39.76% | -19.46% | 12.99% | -5.11% | 8.40% |
BCFU.DE UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc | 19.06% | 5.83% | 11.25% | -8.45% | 23.71% | 43.40% | -7.83% | 9.25% | -3.00% | 0.16% |
Correlation
The correlation between XAAG.DE and BCFU.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2017 | 0.81 |
The correlation between XAAG.DE and BCFU.DE has been stable across timeframes, ranging from 0.81 to 0.90 - a consistent structural relationship.
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Return for Risk
XAAG.DE vs. BCFU.DE — Risk / Return Rank
XAAG.DE
BCFU.DE
XAAG.DE vs. BCFU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.DE) and UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (BCFU.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.
| XAAG.DE | BCFU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 4.30 | -0.22 |
| Martin ratioReturn relative to average drawdown | 9.65 | 9.99 | -0.34 |
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
| XAAG.DE | BCFU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 1.98 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.76 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.62 | -0.14 |
Drawdowns
XAAG.DE vs. BCFU.DE - Drawdown Comparison
The maximum XAAG.DE drawdown since its inception was -33.85%, which is greater than BCFU.DE's maximum drawdown of -25.15%. Use the drawdown chart below to compare losses from any high point for XAAG.DE and BCFU.DE.
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Drawdown Indicators
| XAAG.DE | BCFU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.85% | -25.15% | -8.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -7.03% | -4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -13.93% | -2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -33.85% | -25.15% | -8.70% |
Current DrawdownCurrent decline from peak | -2.54% | -3.51% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -13.88% | -11.04% | -2.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.89% | 3.03% | +1.86% |
Volatility
XAAG.DE vs. BCFU.DE - Volatility Comparison
Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.DE) has a higher volatility of 4.71% compared to UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (USD) A-acc (BCFU.DE) at 4.47%. This indicates that XAAG.DE's price experiences larger fluctuations and is considered to be riskier than BCFU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XAAG.DE | BCFU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 4.47% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 18.81% | 12.82% | +5.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.76% | 15.29% | +6.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.32% | 16.95% | +3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.40% | 15.33% | +3.07% |
XAAG.DE vs. BCFU.DE - Expense Ratio Comparison
XAAG.DE has a 0.19% expense ratio, which is lower than BCFU.DE's 0.34% expense ratio.
Dividends
XAAG.DE vs. BCFU.DE - Dividend Comparison
Neither XAAG.DE nor BCFU.DE has paid dividends to shareholders.
Frequently Asked Questions
XAAG.DE and BCFU.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XAAG.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XAAG.DE is cheaper with a 0.19% expense ratio, compared with 0.34% for BCFU.DE.
XAAG.DE tracks Bloomberg Commodity ex-Agriculture and Livestock, while BCFU.DE tracks UBS BCOM Constant Maturity. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.19% for XAAG.DE and 0.34% for BCFU.DE.
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