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ETF sheet · Issuer-declared data

UBS BBG Commodity CMCI SF UCITS ETF USD accIndex, costs, backtest, listings and taxation

ISIN: IE00BYYLVH00Issuer: UBS
Issuer-declared data
Declared index
UBS BCOM Constant Maturity Commodity Index
TER
0.34%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
757.7 mln EUR
NAV
23.66 USD
Domicile
Ireland
Inception date
25 May 2017
Data as declared by UBS in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

UBS BBG Commodity CMCI SF UCITS ETF USD acc tracks the issuer-declared index: UBS BCOM Constant Maturity Commodity Index. The declared annual cost (TER) is 0.34%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is synthetic replication (fully funded + total return swap). The fund has assets of about 758 million euro, was launched on 25 May 2017 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

The objective of the Fund is capital appreciation. The Fund tracks the daily performance of a commodity index, called the UBS BCOM Constant Maturity Commodity Index Total Return (the 'Index'), less fees and costs and consequently is passively managed. The Fund invests in financial derivative instruments ('FDIs') with UBS AG, London Branch ('UBS') as counterparty. The Fund may also invest in securities (e.g. company shares and bonds issued by companies and governments). Under the terms of the FDIs, the performance of the Index is swapped from UBS to the Fund, and in return the performance of the securities is swapped from the Fund to UBS – consequently, the Fund's performance reflects the performance of the Index and is not impacted by the performance of the securities. The Index is one of several benchmarks for the broad commodity markets. It is well diversified and contains components in the grains, energy, industrial metals, precious metals, livestock sectors and softs. More information on the Index is available at: www.bloombergindexes.com. As a result of fees and costs, the performance of the Fund on any day will always be less than the performance of the Index on that day. The Fund is suitable for investors seeking capital appreciation and who are prepared to accept a high level of volatility. Sustainability risks are not systematically integrated as they are not considered as part of the Index selection process. The return of the fund depends mainly on the performance of the tracked index. The share class does not pay dividends.

Keep reading the KID section ▾

Intended retail investorThis fund applies to retail investors with a basic financial understanding, who can accept a possible loss on the investment amount. The fund is aimed at growing the investment value, while granting daily access to the capital under normal market conditions. With their investment in this fund, investors can satisfy medium term investment needs. The fund is suited to be acquired by the target client segments without any restriction of the distribution channel or platform. Depositary State Street Custodial Services (Ireland) Limited Further Information Information about UBS BBG Commodity CMCI SF UCITS ETF and the available share classes, the full prospectus, and the latest annual and semi-annual reports, as well as additional information can be obtained free of charge from the fund management company, the central administrator, the custodian bank, the fund distributors or online at www.ubs.com/etf. Latest price can be found at www.ubs.com/etf

From the KID’s “Objectives” section · 5 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.34%: above the median of commodity products we track (0.30%).
  • Average tracking difference over the last 3 years: -0.51% p.a., against a declared TER of 0.34%.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in Italian, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from May 2017 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+140.6%
Annualised
+9.9%
Volatility (ann.)
13.1%
Max drawdown
-29.07%
-23%+20%+62%+105%+148%May 2017Sept 2019Jan 2022May 2024Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+141%May 2017Sept 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-5%-10%-15%-20%-25%-30%20172019202120232025−29.07% · 18 Mar 2020
Max drawdown
-29.07%
peak → trough
Trough
18 Mar 2020
from the 23 May 2018 peak
Recovery time
327 days
recovery only: trough to break-even · ≈ 11 months
Underwater
992 days
decline + recovery: peak to break-even · ≈ 2 years and 9 months · → recovered on 08 Feb 2021

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
23 May 201818 Mar 2020-29.07%08 Feb 2021992
09 Jun 202231 May 2023-21.40%01 Dec 20251,271
12 May 202624 Jun 2026-11.66%21 Aug 2026101
25 Oct 202102 Dec 2021-7.31%12 Jan 202279
08 Mar 202216 Mar 2022-7.16%12 Apr 202235

Calendar-year returns

2017
6.2%
2018
-9.2%
2019
6.8%
2020
2.8%
2021
30.0%
2022
18.2%
2023
-6.6%
2024
5.3%
2025
17.3%
2026
28.1%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20267.72.45.34.7-1.2-7.15.76.71.728.1
20253.90.54.0-4.1-0.12.3-0.42.42.22.62.40.817.3
20240.1-1.33.92.71.6-1.9-3.1-0.14.4-1.40.20.55.3
20230.4-4.20.1-0.9-5.53.06.0-0.8-1.30.5-1.3-2.3-6.6
20227.25.78.73.81.6-10.13.60.7-7.31.84.2-1.418.2
20212.25.9-1.57.73.42.11.90.03.62.9-5.03.830.0
2020-6.4-4.5-9.5-0.03.22.66.25.3-2.00.43.95.12.8
20195.31.3-0.4-0.7-3.42.5-0.8-2.51.01.9-2.15.06.8
20182.0-1.2-0.42.11.7-3.9-1.6-1.81.5-2.0-2.6-3.1-9.2
20170.12.30.4-0.12.1-0.32.66.2
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Source: UBS. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 0 of the last 8 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.51% /anno
Declared TER
0.34%
YearFundIndexDifference
2025+17.27%+17.67%-0.40%
2024+5.33%+5.86%-0.53%
2023-6.59%-6.00%-0.59%
2022+18.23%+19.01%-0.78%
2021+30.04%+31.04%-1.00%
2020+2.78%+3.64%-0.86%
2019+6.79%+7.71%-0.92%
2018-9.20%-8.34%-0.86%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsFull history
Volatility (ann.)15.34%13.66%15.66%14.33%
Max drawdown-8.91%-13.76%-22.27%-24.06%
Sharpe2.160.660.740.63
Sortino3.200.921.050.89
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Portfolio holdings

Sectors

Agriculture
30.3%
Energia
29.4%
Metalli e pietre preziose
18.8%
Metalli industriali
15.8%
Animali produttivi
5.6%
Top 10 holdings and breakdowns as declared by UBS in the fund factsheet, data as of 31 July 2026. Percentages may not sum to 100 due to cash, derivatives and rounding. Synthetic replication: the issuer factsheet reports the exposure of the replicated index (not the basket of securities held as swap collateral), which is what is shown here.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00BYYLVH00
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Börse HamburgBCFU19 Jun 2026
Xetra (Deutsche Börse)BCFU13 Jun 2017
+ 9 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does UBS BBG Commodity CMCI SF UCITS ETF USD acc track?
The issuer UBS declares the benchmark: UBS BCOM Constant Maturity Commodity Index.
How much does UBS BBG Commodity CMCI SF UCITS ETF USD acc cost?
The issuer-declared TER is 0.34% per year; the transaction costs estimated in the KID are 0.00%.
What is the fund size of UBS BBG Commodity CMCI SF UCITS ETF USD acc?
The fund size declared by UBS is about 758 million euro.
When was UBS BBG Commodity CMCI SF UCITS ETF USD acc launched?
The fund was launched on 25 May 2017: it has 9 years of history.
How does UBS BBG Commodity CMCI SF UCITS ETF USD acc replicate its index?
It is a passively managed ETF: it follows the declared index. Synthetic (swap) (issuer wording: “Sintetica (Fully funded + Total Return Swap)”).
Does UBS BBG Commodity CMCI SF UCITS ETF USD acc pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Non”).
Where does UBS BBG Commodity CMCI SF UCITS ETF USD acc trade?
Per the official ESMA register it trades on 2 main exchanges, including Börse Hamburg (BCFU), Xetra (Deutsche Börse) (BCFU).
What was UBS BBG Commodity CMCI SF UCITS ETF USD acc's worst fall?
Over the available history (since 2017), the maximum drawdown was -29.07%, reached in March 2020. Past performance is not indicative of future results.
What is UBS BBG Commodity CMCI SF UCITS ETF USD acc's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.51% per year versus its index (from issuer-declared series).
Transparency note
The data in this sheet is declared by UBS in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.