UBS ETRACS CMCI Indl Mtls Tot Ret ETN (UBM) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
UBS ETRACS CMCI Indl Mtls Tot Ret ETN (UBM) trades at $17.54. The UBS ETRACS CMCI Industrial Metals Total Return ETN (UBM) is an exchange-traded note that tracks an index of industrial metals futures contracts. Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Mar 17, 2026Analyst Coverage for UBM: UBM does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates UBM against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
Not enough scored data yet to form a council read on UBM.
How is this calculated? →UBS ETRACS CMCI Indl Mtls Tot Ret ETN (UBM) Financial Services Profile
UBS ETRACS CMCI Industrial Metals Total Return ETN (UBM) offers investors exposure to industrial metals futures contracts, tracking the performance of the CMCI Industrial Metals Total Return index. As an exchange-traded note, UBM provides a convenient way to access the commodities market, but carries credit risk related to the issuer, UBS.
What Is the Investment Thesis for UBM?
UBM provides targeted exposure to the industrial metals market through an ETN structure. The primary value driver is the performance of the CMCI Industrial Metals Total Return index, which reflects the price movements of key industrial metals. Growth catalysts include increased global industrial activity and infrastructure development, which drive demand for these metals. However, potential risks include economic downturns that could reduce industrial demand, as well as the credit risk associated with UBS as the issuer of the ETN. Investors should carefully consider these factors when evaluating UBM as an investment.
Based on FMP financials and quantitative analysis
UBM Key Highlights
UBM tracks the CMCI Industrial Metals Total Return index, providing exposure to a diversified basket of industrial metals futures contracts.
- As an exchange-traded note (ETN), UBM offers ease of trading on exchanges, similar to stocks.
- UBM's performance is directly linked to the price movements of industrial metals, making it sensitive to global economic conditions and industrial demand.
- The ETN structure exposes investors to the credit risk of the issuer, UBS.
- Industrial metals are essential components in various industries, including manufacturing and construction.
Who Are UBM's Competitors?
UBM is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| DBB Invesco DB Base Metals Fund | $25.16 | -0.44% | $365M | 47 |
| JJM iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN | $56.50 | +0.16% | $6.80M | 44 |
| ABALX American Funds American Balanced Fund Class A | $41.00 | +0.37% | $292B | 72 |
| BX Blackstone Inc. | $141.41 | -2.54% | $171B | 81 |
| AMFCX American Funds American Mutual Fund | $63.80 | -0.72% | $77.4B | 71 |
| RNNEX American Funds The New Economy Fund Class R-2E | $80.46 | -0.29% | $52.9B | 91 |
| AMP Ameriprise Financial, Inc. | $554.06 | -1.02% | $49.8B | 70 |
| IDDTF AB Industrivärden (publ) | $54.65 | -0.36% | $23.6B | 70 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are UBM's Key Strengths?
Diversified exposure to a basket of industrial metals.
- Ease of trading on exchanges.
- Transparent index tracking.
- Backed by UBS.
What Are UBM's Weaknesses?
Credit risk associated with UBS as the issuer.
- Potential tracking error between the ETN and the underlying index.
- Exposure to futures contracts, which can be subject to contango and backwardation.
- Not direct ownership of the physical commodities.
What Could Drive UBM Stock Higher?
Increased infrastructure spending in developed and developing nations could drive demand for industrial metals.
- Global economic growth, particularly in emerging markets, supports demand for industrial metals.
- Supply chain disruptions and geopolitical tensions can lead to price volatility and potential gains.
What Are the Key Risks for UBM?
Economic slowdown or recession could reduce demand for industrial metals.
- Changes in government regulations or trade policies could impact the industrial metals market.
- Credit risk associated with UBS as the issuer of the ETN.
- Price volatility in the commodities market can lead to losses.
What Are the Growth Opportunities for UBM?
- Increased Infrastructure Spending: Governments worldwide are planning massive infrastructure projects, which will significantly increase the demand for industrial metals like steel, copper, and aluminum. UBM stands to benefit as the prices of these metals rise due to increased demand. The timeline for these projects varies by region, but many are slated to begin within the next 3-5 years, representing a substantial growth opportunity for UBM.
- Emerging Markets Growth: Rapid industrialization in emerging markets, particularly in Asia and Africa, is driving increased demand for industrial metals. As these economies continue to develop, their need for metals in construction, manufacturing, and infrastructure will continue to grow. This ongoing trend presents a long-term growth opportunity for UBM, as it provides exposure to the price appreciation of these essential commodities.
- Electric Vehicle (EV) Adoption: The global transition to electric vehicles is creating new demand for specific industrial metals, such as lithium, cobalt, and nickel, which are used in battery production. As EV adoption accelerates, the demand for these metals will continue to rise, potentially driving up their prices. UBM's exposure to industrial metals positions it to benefit from this trend, although its direct exposure to battery metals may be limited.
- Supply Chain Diversification: Geopolitical tensions and supply chain disruptions are prompting companies to diversify their sources of industrial metals. This trend could lead to increased demand for metals from alternative suppliers, potentially affecting prices and market dynamics. UBM's diversified exposure to industrial metals may help mitigate the impact of supply chain disruptions and capitalize on shifts in sourcing strategies.
- Inflation Hedging: Industrial metals are often seen as a hedge against inflation, as their prices tend to rise during periods of economic expansion and increased demand. As concerns about inflation persist, investors may turn to UBM as a way to protect their portfolios from the eroding effects of inflation. This increased demand could drive up the price of UBM, providing a potential growth opportunity for investors.
What Threats Does UBM Face?
- Economic downturns that could reduce industrial demand.
- Geopolitical risks that could disrupt supply chains.
- Changes in commodity market regulations.
- Competition from other commodity-linked investment products.
What Are UBM's Competitive Advantages?
- Index Tracking: UBM's moat lies in its ability to accurately track the CMCI Industrial Metals Total Return index, providing investors with reliable exposure to the industrial metals market.
- ETN Structure: The ETN structure offers ease of trading and accessibility, making it convenient for investors to participate in the commodities market.
- UBS Brand: The backing of UBS, a well-established financial institution, provides a level of credibility and trust for investors.
- Diversification: UBM offers diversified exposure to a basket of industrial metals, reducing the risk associated with investing in a single commodity.
What Does UBM Do?
The UBS ETRACS CMCI Industrial Metals Total Return ETN (UBM) is an exchange-traded note (ETN) designed to track the performance of the CMCI Industrial Metals Total Return index. ETNs, like UBM, are debt instruments issued by financial institutions, in this case, UBS. The value of the ETN is linked to the performance of the underlying index, providing investors with exposure to a specific market segment without directly owning the assets. UBM focuses on industrial metals, a sector crucial to manufacturing and construction. The CMCI Industrial Metals Total Return index represents a diversified basket of industrial metals futures contracts. By tracking this index, UBM allows investors to gain exposure to the price movements of metals such as aluminum, copper, nickel, and zinc. These metals are essential components in various industries, making their price fluctuations sensitive to global economic conditions and industrial demand. The ETN structure offers ease of trading on exchanges, similar to stocks, making it accessible to a wide range of investors. However, it's important to note that as an ETN, UBM's performance is subject to the credit risk of the issuer, UBS. This means that investors are exposed to the risk that UBS may not be able to meet its obligations under the terms of the ETN.
What Products and Services Does UBM Offer?
- Tracks the CMCI Industrial Metals Total Return index.
- Provides exposure to a diversified basket of industrial metals futures contracts.
- Offers a way to invest in industrial metals without directly owning the physical commodities.
- Trades on exchanges like a stock, providing liquidity and ease of access.
- Allows investors to participate in the potential price appreciation of industrial metals.
- Provides a tool for diversification and potential inflation hedging.
- Is an exchange-traded note (ETN) issued by UBS.
How Does UBM Make Money?
- UBM is an exchange-traded note (ETN) issued by UBS.
- The value of the ETN is linked to the performance of the CMCI Industrial Metals Total Return index.
- UBS earns fees for managing and administering the ETN.
- Investors purchase and sell UBM shares on exchanges, similar to stocks.
What Industry Does UBM Operate In?
UBM operates within the asset management industry, specifically focusing on exchange-traded products (ETPs) that provide exposure to commodity markets. The market for commodity-linked ETPs has grown significantly, driven by investors seeking diversification and inflation hedging strategies. However, the competitive landscape is intense, with numerous providers offering similar products. UBM differentiates itself by tracking the CMCI Industrial Metals Total Return index, offering a specific focus on industrial metals. The growth of this segment is tied to global economic trends and industrial demand.
Who Are UBM's Key Customers?
- Individual investors seeking exposure to industrial metals.
- Institutional investors looking for diversification and inflation hedging strategies.
- Traders seeking to profit from short-term price movements in industrial metals.
- Portfolio managers using UBM to implement specific investment strategies.
Key Financial Metrics
Return on equity for UBS ETRACS CMCI Indl Mtls Tot Ret ETN stands at 0.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.0%, showing how much profit it generates from its asset base. UBM trades at a trailing price-to-earnings ratio of 0.00, below the Financial Services sector average of ~18x. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 0.0%, the inverse of the P/E and a quick read on earnings relative to price.
UBM Financials
Bull Case vs Bear Case
Bull Case
- Diversified exposure to a basket of industrial metals.
- Ease of trading on exchanges.
- Transparent index tracking.
- Backed by UBS.
Bear Case
- Credit risk associated with UBS as the issuer.
- Potential tracking error between the ETN and the underlying index.
- Exposure to futures contracts, which can be subject to contango and backwardation.
- Not direct ownership of the physical commodities.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
UBM Latest News
No recent news available for UBM.
UBM Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for UBM.
Price Targets
Wall Street price target analysis for UBM.
UBM MoonshotScore
What does this score mean?
The MoonshotScore rates UBM 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: None
CEO title
Unknown
Track Record: Unknown
Common Questions About UBM (Financial Services)
What does UBS ETRACS CMCI Indl Mtls Tot Ret ETN do?
The UBS ETRACS CMCI Industrial Metals Total Return ETN (UBM) is designed to track the performance of the CMCI Industrial Metals Total Return index. This index represents a diversified basket of industrial metals futures contracts, providing investors with exposure to the price movements of metals such as aluminum, copper, nickel, and zinc.
What do analysts say about UBM stock?
Analyst coverage of UBM is limited due to its nature as an exchange-traded note (ETN) rather than a traditional stock. However, analysts generally focus on the underlying factors driving the industrial metals market, such as global economic growth, infrastructure development, and supply chain dynamics. These factors can influence the demand for industrial metals and, consequently, the performance of UBM.
What are the main risks for UBM?
The main risks for UBM include the credit risk associated with UBS as the issuer of the ETN, as well as the price volatility inherent in the commodities market. Economic downturns or recessions could reduce demand for industrial metals, leading to price declines. Changes in government regulations or trade policies could also impact the industrial metals market.
What are the key factors to evaluate for UBM?
Evaluate UBM on fundamentals, analyst consensus, and risk factors. UBM provides targeted exposure to the industrial metals market through an ETN structure. Not financial advice.
How frequently does UBM data refresh on this page?
UBM's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven UBM's recent stock price performance?
UBS ETRACS CMCI Indl Mtls Tot Ret ETN (UBM) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Diversified exposure to a basket of industrial metals. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider UBM overvalued or undervalued right now?
UBS ETRACS CMCI Indl Mtls Tot Ret ETN (UBM) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research UBM before investing?
Before investing in UBS ETRACS CMCI Indl Mtls Tot Ret ETN (UBM), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- The information provided is based on available data and general knowledge of the company and industry.
- Investment decisions should be based on thorough research and consultation with a financial advisor.