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ETFs

ETRACS UBS Bloomberg Constant Maturity Commodity Index (CMCI) Total Return ETN Series B due April 5, 2038

UCIB
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Oct 08 2015
Expense Ratio
0.55%
Type
Global Commodities & Metals
Fund Owner
UBS
Volume (1m avg. daily)
$63,057
AUM
$27,995,000
Associated Index
UBS Bloomberg CMCI Composite USD Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with UCIB

What is UCIB?

The ETRACS CMCI Total Return ETN Series B is designed to track the performance of the UBS Bloomberg Constant Maturity Commodity Index Total Return (the "Index"), less investor fees. The Index is the first benchmark commodity index to diversify across both commodities and maturities.

ETFs related toUCIB

ETFs correlated to UCIB include FTGC, DBC, BCD

UCIB
UBS AG London Branch - UBS ETRACS UBS Bloomberg Constant Maturity Commodity Index Total Retur
FTGC
First Trust Exchange-Traded Fund III - First Trust Global Tactical Commodity Strategy Fund
DBC
DB Commodity Services LLC - Invesco DB Commodity Index Tracking Fund
BCD
abrdn ETF - abrdn Bloomberg All Comm Longer Dt Strategy K-1 Free ETF
PDBC
Invesco Capital Management LLC - Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
CMDT
Pimco Exchange Traded Fund - PIMCO Commodity Strategy Active Exchange-Traded Fund
DJP
Barclays Bank PLC - iPath Bloomberg Commodity Total Return ETN
BCI
abrdn ETF - abrdn Bloomberg All Commodity Strategy K-1 Free ETF
USCI
United States Commodity Funds LLC - United States Commodity Index Fund
COMT
BlackRock Institutional Trust Company N.A. - iShares GSCI Commodity Dynamic Roll Strategy ETF
GSG
BlackRock Institutional Trust Company N.A. - iShares S&P GSCI Commodity-Indexed Trust

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toUCIB

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with UCIB using Composer

FAQ

UCIB is a Global Commodities & Metals ETF. The ETRACS CMCI Total Return ETN Series B is designed to track the performance of the UBS Bloomberg Constant Maturity Commodity Index Total Return (the "Index"), less investor fees. The Index is the first benchmark commodity index to diversify across both commodities and maturities.

UCIB tracks the UBS Bloomberg CMCI Composite USD Index.

No, UCIB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, UCIB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on UCIB is 0.0215%. This is the percent change in the value of UCIB over the most recent 1-month period. The 3-month return on UCIB is 0.0659%. This is the percent change in the value of UCIB over the most recent 3-month period.

The standard deviation of UCIB for the past year is 0.166%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to UCIB include CMCI, NBCM, and CCRV.

ETFs correlated to UCIB include FTGC, DBC, and BCD.

ETFs that are inversely correlated to UCIB include SCO, ERY, and OILD.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.