4UBF.DE vs. 4UBP.DE
4UBF.DE (UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc) and 4UBP.DE (UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc) are both exchange-traded funds - 4UBF.DE is a European Corporate Bonds fund tracking the Bloomberg MSCI Euro Area Liquid Corporates Sustainable, while 4UBP.DE is a Global Corporate Bonds fund tracking the Bloomberg MSCI Global Liquid Corporates Sustainable Bond. Both are passively managed. Over the past 5 years, 4UBF.DE returned -0.23%/yr vs 0.76%/yr for 4UBP.DE. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.13% expense ratio.
Performance
4UBF.DE vs. 4UBP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 4UBF.DE achieves a 0.73% return, which is significantly lower than 4UBP.DE's 1.25% return.
4UBF.DE
- 1D
- 0.12%
- 1M
- 0.81%
- YTD
- 0.73%
- 6M
- 0.31%
- 1Y
- 2.01%
- 3Y*
- 4.95%
- 5Y*
- -0.23%
- 10Y*
- —
4UBP.DE
- 1D
- 0.13%
- 1M
- 1.06%
- YTD
- 1.25%
- 6M
- 0.67%
- 1Y
- 2.86%
- 3Y*
- 2.97%
- 5Y*
- 0.76%
- 10Y*
- —
4UBF.DE vs. 4UBP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
4UBF.DE UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc | 0.73% | 3.23% | 4.51% | 8.22% | -15.67% | -0.28% |
4UBP.DE UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc | 1.25% | -2.18% | 6.73% | 5.80% | -13.17% | 5.73% |
Correlation
The correlation between 4UBF.DE and 4UBP.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.54 |
Over the past year, the correlation between 4UBF.DE and 4UBP.DE has dropped to 0.33 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
4UBF.DE vs. 4UBP.DE — Risk / Return Rank
4UBF.DE
4UBP.DE
4UBF.DE vs. 4UBP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.DE) and UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc (4UBP.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.
| 4UBF.DE | 4UBP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.12 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 1.29 | -0.59 |
| Martin ratioReturn relative to average drawdown | 2.30 | 2.97 | -0.67 |
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
| 4UBF.DE | 4UBP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.66 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.11 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.04 | -0.03 | -0.01 |
Drawdowns
4UBF.DE vs. 4UBP.DE - Drawdown Comparison
The maximum 4UBF.DE drawdown since its inception was -19.99%, which is greater than 4UBP.DE's maximum drawdown of -15.13%. Use the drawdown chart below to compare losses from any high point for 4UBF.DE and 4UBP.DE.
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Drawdown Indicators
| 4UBF.DE | 4UBP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.99% | -15.13% | -4.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.88% | -2.21% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -2.88% | -8.60% | +5.72% |
Max Drawdown (5Y)Largest decline over 5 years | -19.99% | -15.13% | -4.86% |
Current DrawdownCurrent decline from peak | -2.81% | -4.00% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -8.54% | -6.74% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.96% | -0.09% |
Volatility
4UBF.DE vs. 4UBP.DE - Volatility Comparison
UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.DE) has a higher volatility of 1.25% compared to UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc (4UBP.DE) at 1.09%. This indicates that 4UBF.DE's price experiences larger fluctuations and is considered to be riskier than 4UBP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 4UBF.DE | 4UBP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.09% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.11% | 3.00% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 4.31% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.08% | 6.54% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.02% | 6.44% | -1.42% |
4UBF.DE vs. 4UBP.DE - Expense Ratio Comparison
Both 4UBF.DE and 4UBP.DE have an expense ratio of 0.13%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
4UBF.DE vs. 4UBP.DE - Dividend Comparison
Neither 4UBF.DE nor 4UBP.DE has paid dividends to shareholders.
Frequently Asked Questions
4UBF.DE and 4UBP.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.13% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
4UBF.DE and 4UBP.DE have the same expense ratio: 0.13% per year.
4UBF.DE is categorized as European Corporate Bonds, while 4UBP.DE is Global Corporate Bonds. 4UBF.DE tracks Bloomberg MSCI Euro Area Liquid Corporates Sustainable, while 4UBP.DE tracks Bloomberg MSCI Global Liquid Corporates Sustainable Bond.
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