AUAD.L vs. EUFM.L

Last updated Jun 5, 2026

AUAD.L (UBS ETF (IE) MSCI Australia UCITS ETF (AUD) A-dis) and EUFM.L (UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc) are both exchange-traded funds - AUAD.L is a Asia Pacific Equities fund tracking the MSCI Australia NR USD, while EUFM.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, AUAD.L returned 6.87%/yr vs 9.69%/yr for EUFM.L. At a 0.44 correlation, their price movements are largely independent. AUAD.L charges 0.40%/yr vs 0.34%/yr for EUFM.L.

Performance

AUAD.L vs. EUFM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (IE) MSCI Australia UCITS ETF (AUD) A-dis (AUAD.L) and UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AUAD.L achieves a 10.41% return, which is significantly higher than EUFM.L's 6.74% return.

AUAD.L

• 1D: -0.77%
• 1M: 0.41%
• YTD: 10.41%
• 6M: 11.49%
• 1Y: 15.16%
• 3Y*: 9.79%
• 5Y*: 6.87%
• 10Y*: —

EUFM.L

• 1D: 0.21%
• 1M: 2.81%
• YTD: 6.74%
• 6M: 8.89%
• 1Y: 16.80%
• 3Y*: 15.42%
• 5Y*: 9.69%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AUAD.L vs. EUFM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
AUAD.L UBS ETF (IE) MSCI Australia UCITS ETF (AUD) A-dis	10.41%	6.19%	3.38%	7.37%	5.97%	8.63%	40.70%
EUFM.L UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc	6.74%	29.59%	3.25%	15.45%	-7.82%	13.50%	29.59%

Correlation

The correlation between AUAD.L and EUFM.L is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Mar 27, 2020	0.44

Over the past year, AUAD.L and EUFM.L have become more correlated (0.64) than their long-term average of 0.44, meaning their price movements have been converging.

AUAD.L vs. EUFM.L - Sectors Allocation Comparison

Sectors	AUAD.L	EUFM.L
Financial Services	43.6%	26.7%
Basic Materials	23.0%	4.8%
Consumer Cyclical	6.1%	6.6%
Real Estate	5.0%	1.6%
Healthcare	4.9%	4.3%
Energy	4.5%	3.7%
Industrials	4.5%	23.5%
Consumer Defensive	3.6%	6.7%
Communication Services	2.0%	4.2%
Utilities	1.7%	9.5%
Technology	1.1%	8.5%

Return for Risk

AUAD.L vs. EUFM.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AUAD.L

AUAD.L Risk / Return Rank: 34
AUAD.L Sharpe Ratio Rank: 33
AUAD.L Sortino Ratio Rank: 35
AUAD.L Omega Ratio Rank: 31
AUAD.L Calmar Ratio Rank: 38
AUAD.L Martin Ratio Rank: 33

EUFM.L

EUFM.L Risk / Return Rank: 37
EUFM.L Sharpe Ratio Rank: 39
EUFM.L Sortino Ratio Rank: 37
EUFM.L Omega Ratio Rank: 41
EUFM.L Calmar Ratio Rank: 33
EUFM.L Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AUAD.L vs. EUFM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI Australia UCITS ETF (AUD) A-dis (AUAD.L) and UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.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.

	AUAD.L	EUFM.L	Difference
Sharpe ratio: Return per unit of total volatility	1.17	1.36	-0.19
Sortino ratio: Return per unit of downside risk	1.80	1.90	-0.10
Omega ratio: Gain probability vs. loss probability	1.21	1.26	-0.06
Calmar ratio: Return relative to maximum drawdown	1.83	1.58	+0.25
Martin ratio: Return relative to average drawdown	4.87	5.69	-0.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AUAD.L vs. EUFM.L - Sharpe Ratio Comparison

The current AUAD.L Sharpe Ratio is 1.17, which is comparable to the EUFM.L Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of AUAD.L and EUFM.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AUAD.L	EUFM.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	1.36	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.67	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	0.53	+0.44

Drawdowns

AUAD.L vs. EUFM.L - Drawdown Comparison

The maximum AUAD.L drawdown since its inception was -21.75%, smaller than the maximum EUFM.L drawdown of -30.14%. Use the drawdown chart below to compare losses from any high point for AUAD.L and EUFM.L.

Drawdown Indicators

	AUAD.L	EUFM.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.75%	-30.14%	+8.39%
Max Drawdown (1Y) Largest decline over 1 year	-8.32%	-10.59%	+2.27%
Max Drawdown (3Y) Largest decline over 3 years	-21.75%	-11.90%	-9.85%
Max Drawdown (5Y) Largest decline over 5 years	-21.75%	-20.86%	-0.89%
Current Drawdown Current decline from peak	-3.35%	-1.07%	-2.28%
Average Drawdown Average peak-to-trough decline	-5.07%	-5.19%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	2.95%	+0.17%

Volatility

AUAD.L vs. EUFM.L - Volatility Comparison

UBS ETF (IE) MSCI Australia UCITS ETF (AUD) A-dis (AUAD.L) has a higher volatility of 4.54% compared to UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L) at 4.00%. This indicates that AUAD.L's price experiences larger fluctuations and is considered to be riskier than EUFM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUAD.L	EUFM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	4.00%	+0.54%
Volatility (6M) Calculated over the trailing 6-month period	10.32%	10.33%	-0.01%
Volatility (1Y) Calculated over the trailing 1-year period	13.01%	12.33%	+0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.83%	14.53%	+2.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.33%	16.13%	+2.20%

AUAD.L vs. EUFM.L - Expense Ratio Comparison

AUAD.L has a 0.40% expense ratio, which is higher than EUFM.L's 0.34% expense ratio.

Dividends

AUAD.L vs. EUFM.L - Dividend Comparison

AUAD.L's dividend yield for the trailing twelve months is around 2.91%, while EUFM.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
AUAD.L UBS ETF (IE) MSCI Australia UCITS ETF (AUD) A-dis	2.91%	3.22%	3.57%	4.16%	3.95%	2.50%	3.10%
EUFM.L UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AUAD.L and EUFM.L in my portfolio?

AUAD.L and EUFM.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AUAD.L or EUFM.L?

On fees, EUFM.L is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AUAD.L or EUFM.L?

EUFM.L is cheaper with a 0.34% expense ratio, compared with 0.40% for AUAD.L.

What is the main difference between AUAD.L and EUFM.L?

AUAD.L is categorized as Asia Pacific Equities, while EUFM.L is Europe Equities. AUAD.L tracks MSCI Australia NR USD, while EUFM.L tracks MSCI EMU NR EUR. Their fees differ too: 0.40% for AUAD.L and 0.34% for EUFM.L.