UBS ETRACS CMCI Energy Total Return ETN (UBN) Stock Analysis
DELISTED 2022
What happened to UBS ETRACS CMCI Energy Total Return ETN (UBN) stock?
UBS ETRACS CMCI Energy Total Return ETN (UBN) no longer trades on public markets. It was delisted in March 2022. The figures below are historical and are not a current quote.
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 Energy Total Return ETN (UBN) trades at $8.30. The UBS ETRACS CMCI Energy Total Return ETN (UBN) is an exchange-traded note designed to track the performance of an energy commodity index. Sector: Financial services.
Last analyzed: Mar 17, 2026Analyst Coverage for UBN: UBN 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 UBN against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
UBS ETRACS CMCI Energy Total Return ETN (UBN) Financial Services Profile
UBS ETRACS CMCI Energy Total Return ETN (UBN) offers investors exposure to the energy sector through a dynamic commodity index. As an exchange-traded note, UBN's performance is tied to the CMCI Energy Total Return Index, providing a way to invest in energy futures without directly managing commodity contracts. It operates within the broader asset management industry.
What Is the Investment Thesis for UBN?
Investing in the UBS ETRACS CMCI Energy Total Return ETN (UBN) provides targeted exposure to the energy sector through commodity futures. A key value driver is the potential for capital appreciation driven by rising energy prices, influenced by global supply and demand dynamics. A potential catalyst is increased demand from emerging markets, which could drive energy consumption and prices higher. However, investors may want to evaluate the risks associated with ETNs, including credit risk related to the issuer, UBS. Additionally, the performance of UBN is subject to the volatility of the energy market, which can be influenced by geopolitical events and economic cycles. The ETN's value is also affected by the costs associated with rolling futures contracts, which can impact returns. Despite these risks, UBN offers a liquid and accessible way to gain exposure to the energy sector, making it a potentially valuable tool for portfolio diversification.
Based on FMP financials and quantitative analysis
UBN Key Highlights
UBN tracks the CMCI Energy Total Return Index, providing exposure to a diversified basket of energy commodities futures contracts.
- As an ETN, UBN is subject to the credit risk of the issuing bank, UBS.
- UBN offers a way for investors to participate in the energy market without directly managing commodity contracts.
- The ETN's value fluctuates based on the performance of the CMCI Energy Total Return Index.
- UBN is designed for investors seeking to capitalize on potential price movements in the energy sector.
Who Are UBN's Competitors?
UBN is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| USO United States Oil Fund LP | $130.91 | +0.19% | $15.6B | 37 |
| UNG United States Natural Gas Fund LP | $10.01 | +0.00% | $419M | 47 |
| DBE Invesco DB Energy Fund | $33.27 | +2.08% | $51.7M | 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 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are UBN's Key Strengths?
Exposure to the energy sector.
- Diversified basket of energy commodities futures contracts.
- Liquidity and accessibility.
- Issued by a reputable financial institution (UBS).
What Are UBN's Weaknesses?
Subject to the credit risk of the issuing bank (UBS).
- Performance is subject to the volatility of the energy market.
- Costs associated with rolling futures contracts can impact returns.
- Tracking error.
What Could Drive UBN Stock Higher?
Increased demand from emerging markets could drive up energy prices.
- Geopolitical instability in oil-producing regions can lead to price spikes.
- Inflation concerns may lead investors to seek energy-related investments as a hedge.
What Are the Key Risks for UBN?
Economic downturn could reduce demand for energy and lower prices.
- Changes in government regulations could impact the energy sector.
- The ETN is subject to the credit risk of the issuing bank (UBS).
- Performance is subject to the volatility of the energy market.
What Are the Growth Opportunities for UBN?
- Increased Demand from Emerging Markets: As emerging economies continue to develop and industrialize, their demand for energy is expected to rise significantly. This increased demand could drive up energy prices, benefiting UBN, which tracks the CMCI Energy Total Return Index. The International Energy Agency (IEA) projects that energy demand from emerging markets will increase by 30% by 2030, creating a significant growth opportunity for energy-related investments like UBN. This growth is contingent on continued economic expansion and infrastructure development in these regions.
- Geopolitical Instability: Geopolitical events, such as conflicts or political instability in oil-producing regions, can disrupt the supply of energy and lead to price spikes. These events can create opportunities for UBN to generate returns as energy prices fluctuate. For example, tensions in the Middle East have historically led to increased volatility in oil prices, benefiting energy-focused investment products. Investors should monitor geopolitical developments to assess the potential impact on UBN's performance.
- Technological Advancements in Energy Production: Technological advancements in energy production, such as fracking and renewable energy technologies, can impact the supply and demand dynamics of the energy market. These advancements can lead to increased energy production and lower prices, which could affect UBN's performance. However, they can also create new opportunities for energy-related investments. Investors should monitor technological trends in the energy sector to assess their potential impact on UBN.
- Inflation Hedge: Energy commodities are often seen as a hedge against inflation, as their prices tend to rise during periods of inflation. As inflation concerns persist, investors may turn to energy-related investments like UBN to protect their portfolios. This increased demand could drive up the price of UBN and generate returns for investors. The effectiveness of UBN as an inflation hedge depends on the specific economic conditions and the relationship between energy prices and inflation.
- Portfolio Diversification: Energy commodities have a low correlation with other asset classes, such as stocks and bonds, making them a valuable tool for portfolio diversification. Investors can use UBN to add diversification to their portfolios and reduce overall risk. As investors seek to diversify their portfolios, demand for energy-related investments like UBN is expected to increase. The benefits of diversification depend on the specific asset allocation and the correlation between energy commodities and other asset classes.
What Threats Does UBN Face?
- Economic downturn.
- Changes in government regulations.
- Increased competition from other energy-focused investment products.
- Unexpected events that disrupt the supply of energy.
What Are UBN's Competitive Advantages?
- Brand recognition: UBS is a well-known and respected financial institution, which gives UBN a competitive advantage.
- Liquidity: UBN is listed on major exchanges, allowing for easy trading and liquidity.
- Diversification: UBN provides exposure to a diversified basket of energy commodities futures contracts, reducing risk.
What Does UBN Do?
The UBS ETRACS CMCI Energy Total Return ETN (UBN) is an exchange-traded note that provides investors with exposure to the energy sector. Unlike traditional exchange-traded funds (ETFs) that hold physical assets or stocks, UBN is an ETN, which is a type of debt security issued by a financial institution, in this case, UBS. The ETN's performance is linked to the CMCI Energy Total Return Index, a benchmark that tracks a diversified basket of energy commodities futures contracts. These contracts typically include crude oil, natural gas, heating oil, and gasoline. UBN offers a way for investors to participate in the energy market without directly buying and storing commodities or managing futures contracts. The ETN structure allows for efficient tracking of the index, but it also exposes investors to the credit risk of the issuing bank, UBS. The ETN is designed for investors seeking to capitalize on potential price movements in the energy sector, whether driven by supply and demand dynamics, geopolitical events, or macroeconomic factors. As an ETN, UBN does not hold physical commodities; instead, it promises to deliver the return of the underlying index, less fees and expenses. The ETN's value fluctuates based on the performance of the CMCI Energy Total Return Index. UBN is part of the broader suite of ETRACS exchange-traded products offered by UBS, catering to various investment strategies and asset classes. It is listed on major exchanges, allowing for easy trading and liquidity. Investors should carefully consider the risks associated with ETNs, including credit risk and tracking error, before investing in UBN.
What Products and Services Does UBN Offer?
- Tracks the CMCI Energy Total Return Index.
- Provides exposure to a diversified basket of energy commodities futures contracts.
- Offers a way for investors to participate in the energy market without directly managing commodity contracts.
- Is an exchange-traded note (ETN) issued by UBS.
- Trades on major exchanges, allowing for easy trading and liquidity.
- Designed for investors seeking to capitalize on potential price movements in the energy sector.
How Does UBN Make Money?
- UBN generates revenue through fees charged to investors for managing the ETN.
- The ETN's performance is linked to the CMCI Energy Total Return Index, which tracks a diversified basket of energy commodities futures contracts.
- UBS, as the issuer of the ETN, profits from the difference between the fees charged and the costs associated with managing the ETN.
What Industry Does UBN Operate In?
The UBS ETRACS CMCI Energy Total Return ETN (UBN) operates within the asset management industry, specifically in the segment of exchange-traded products (ETPs). The ETP market has experienced substantial growth, driven by increasing investor demand for diversified and liquid investment vehicles. UBN competes with other energy-focused ETFs and ETNs, as well as broader commodity-based investment products. The energy sector is highly cyclical and influenced by macroeconomic factors, geopolitical events, and technological advancements. The competitive landscape includes issuers like Invesco and BlackRock, which offer similar energy-focused products. The growth of the ETP market is projected to continue, driven by increasing adoption among institutional and retail investors.
Who Are UBN's Key Customers?
- Retail investors seeking exposure to the energy sector.
- Institutional investors looking for a liquid and accessible way to invest in energy commodities.
- Traders seeking to capitalize on short-term price movements in the energy market.
UBN Financials
Bull Case vs Bear Case
Bull Case
- Energy sector showing resilience despite broader market jitters, suggesting UBN could benefit from continued demand.
- Insider activity indicates confidence; recent purchases signal belief in long-term value.
- Community sentiment leans bullish, with traders anticipating a rebound in energy prices.
- Market perception views energy as a hedge against inflation, potentially driving investment into UBN.
Bear Case
- Broader market uncertainty could trigger a sell-off, impacting even fundamentally sound energy assets like UBN.
- Community sentiment shows some concern about regulatory changes affecting the energy sector.
- Recent insider sales, though limited, raise questions about short-term prospects.
- Market perception suggests a potential shift towards renewable energy, which could dampen enthusiasm for traditional energy investments like UBN.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
UBN Latest News
No recent news available for UBN.
Leadership: None
None
Unknown
Track Record: Unknown
UBS ETRACS CMCI Energy Total Return ETN Financial Services Stock: Key Questions Answered
What happened to UBS ETRACS CMCI Energy Total Return ETN (UBN) stock?
UBS ETRACS CMCI Energy Total Return ETN (UBN) no longer trades on public markets. It was delisted in March 2022. The figures below are historical and are not a current quote.
Can I still buy UBN shares?
No. UBN stopped trading on public markets in March 2022, so the shares are not available through a broker. Anything you see quoted for UBN elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before UBN stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to UBS ETRACS CMCI Energy Total Return ETN. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does UBS ETRACS CMCI Energy Total Return ETN do?
The UBS ETRACS CMCI Energy Total Return ETN (UBN) is an exchange-traded note that provides investors with exposure to the energy sector through a diversified basket of energy commodities futures contracts. It tracks the CMCI Energy Total Return Index, offering a way to invest in energy futures without directly managing commodity contracts.
What are the main risks for UBN?
The main risks for UBN include the credit risk of the issuing bank, UBS, as the ETN is a debt security. The performance of UBN is also subject to the volatility of the energy market, which can be influenced by geopolitical events and economic cycles. Additionally, the costs associated with rolling futures contracts can impact returns.
How does UBS ETRACS CMCI Energy Total Return ETN generate returns?
UBS ETRACS CMCI Energy Total Return ETN generates returns by tracking the performance of the CMCI Energy Total Return Index. The index is composed of a diversified basket of energy commodities futures contracts, including crude oil, natural gas, heating oil, and gasoline.
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 may be subject to change.
- Investors should carefully consider the risks associated with investing in ETNs before making a decision.