4UBP.DE vs. CE01.L
4UBP.DE (UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc) and CE01.L (iShares Euro Government Bond 7-10yr UCITS ETF (Acc)) are both exchange-traded funds - 4UBP.DE is a Global Corporate Bonds fund tracking the Bloomberg MSCI Global Liquid Corporates Sustainable Bond, while CE01.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 5 years, 4UBP.DE returned 0.76%/yr vs -2.33%/yr for CE01.L. At a 0.47 correlation, their price movements are largely independent. 4UBP.DE charges 0.13%/yr vs 0.15%/yr for CE01.L.
Performance
4UBP.DE vs. CE01.L - Performance Comparison
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Different Trading Currencies
4UBP.DE is traded in EUR, while CE01.L is traded in GBp. To make them comparable, the CE01.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 4UBP.DE achieves a 1.25% return, which is significantly higher than CE01.L's -0.03% return.
4UBP.DE
- 1D
- 0.13%
- 1M
- 1.06%
- YTD
- 1.25%
- 6M
- 0.67%
- 1Y
- 2.86%
- 3Y*
- 2.97%
- 5Y*
- 0.76%
- 10Y*
- —
CE01.L
- 1D
- 0.14%
- 1M
- 0.78%
- YTD
- -0.03%
- 6M
- 0.05%
- 1Y
- 0.23%
- 3Y*
- 2.55%
- 5Y*
- -2.33%
- 10Y*
- -0.16%
4UBP.DE vs. CE01.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | 3.83% | -2.06% |
CE01.L iShares Euro Government Bond 7-10yr UCITS ETF (Acc) | -0.03% | 1.30% | 1.12% | 8.86% | -19.74% | -3.67% | 2.97% |
Correlation
The correlation between 4UBP.DE and CE01.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2020 | 0.47 |
Over the past year, the correlation between 4UBP.DE and CE01.L has dropped to 0.23 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
4UBP.DE vs. CE01.L — Risk / Return Rank
4UBP.DE
CE01.L
4UBP.DE vs. CE01.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc (4UBP.DE) and iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L). 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.
| 4UBP.DE | CE01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.01 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 0.05 | +1.23 |
| Martin ratioReturn relative to average drawdown | 2.97 | 0.14 | +2.83 |
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
| 4UBP.DE | CE01.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 0.05 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | -0.29 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.21 | -0.24 |
Drawdowns
4UBP.DE vs. CE01.L - Drawdown Comparison
The maximum 4UBP.DE drawdown since its inception was -15.13%, smaller than the maximum CE01.L drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for 4UBP.DE and CE01.L.
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Drawdown Indicators
| 4UBP.DE | CE01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.13% | -23.73% | +8.60% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -4.39% | +2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -8.60% | -4.87% | -3.73% |
Max Drawdown (5Y)Largest decline over 5 years | -15.13% | -23.15% | +8.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.73% | — |
Current DrawdownCurrent decline from peak | -4.00% | -14.05% | +10.05% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -6.81% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.61% | -0.65% |
Volatility
4UBP.DE vs. CE01.L - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg MSCI Global Liquid Corporates Sustainable UCITS ETF (USD) Acc (4UBP.DE) is 1.09%, while iShares Euro Government Bond 7-10yr UCITS ETF (Acc) (CE01.L) has a volatility of 1.84%. This indicates that 4UBP.DE experiences smaller price fluctuations and is considered to be less risky than CE01.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 4UBP.DE | CE01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.84% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 4.19% | -1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 5.14% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.54% | 8.01% | -1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.44% | 7.15% | -0.71% |
4UBP.DE vs. CE01.L - Expense Ratio Comparison
4UBP.DE has a 0.13% expense ratio, which is lower than CE01.L's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
4UBP.DE vs. CE01.L - Dividend Comparison
Neither 4UBP.DE nor CE01.L has paid dividends to shareholders.
Frequently Asked Questions
4UBP.DE and CE01.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4UBP.DE is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4UBP.DE is cheaper with a 0.13% expense ratio, compared with 0.15% for CE01.L.
4UBP.DE is categorized as Global Corporate Bonds, while CE01.L is European Government Bonds. 4UBP.DE tracks Bloomberg MSCI Global Liquid Corporates Sustainable Bond, while CE01.L tracks Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: UBS and iShares. Their fees differ too: 0.13% for 4UBP.DE and 0.15% for CE01.L.
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