CBS5.L vs. UC96.L

Last updated Jun 4, 2026

CBS5.L (UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc) and UC96.L (UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis) are both exchange-traded funds - CBS5.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while UC96.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD. Both are passively managed. Over the past 3 years, CBS5.L returned 2.60%/yr vs 9.15%/yr for UC96.L. At a 0.22 correlation, their price movements are largely independent. CBS5.L charges 0.20%/yr vs 0.25%/yr for UC96.L.

Performance

CBS5.L vs. UC96.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc (CBS5.L) and UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CBS5.L achieves a 0.42% return, which is significantly lower than UC96.L's 5.73% return.

CBS5.L

• 1D: 0.18%
• 1M: 1.47%
• YTD: 0.42%
• 6M: -0.03%
• 1Y: 5.00%
• 3Y*: 2.60%
• 5Y*: —
• 10Y*: —

UC96.L

• 1D: 0.78%
• 1M: 3.59%
• YTD: 5.73%
• 6M: 6.22%
• 1Y: 18.61%
• 3Y*: 9.15%
• 5Y*: 7.85%
• 10Y*: 10.99%

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

CBS5.L vs. UC96.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CBS5.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc	0.42%	-0.23%	6.03%	0.27%	2.22%
UC96.L UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis	5.73%	3.55%	8.94%	8.61%	-1.10%

Correlation

The correlation between CBS5.L and UC96.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	0.23
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022	0.22

Return for Risk

CBS5.L vs. UC96.L — Risk / Return Rank

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

CBS5.L

CBS5.L Risk / Return Rank: 24
CBS5.L Sharpe Ratio Rank: 25
CBS5.L Sortino Ratio Rank: 25
CBS5.L Omega Ratio Rank: 23
CBS5.L Calmar Ratio Rank: 24
CBS5.L Martin Ratio Rank: 23

UC96.L

UC96.L Risk / Return Rank: 52
UC96.L Sharpe Ratio Rank: 51
UC96.L Sortino Ratio Rank: 52
UC96.L Omega Ratio Rank: 49
UC96.L Calmar Ratio Rank: 55
UC96.L Martin Ratio Rank: 52

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.

CBS5.L vs. UC96.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc (CBS5.L) and UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.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.

	CBS5.L	UC96.L	Difference
Sharpe ratio: Return per unit of total volatility	0.85	1.75	-0.89
Sortino ratio: Return per unit of downside risk	1.31	2.51	-1.20
Omega ratio: Gain probability vs. loss probability	1.15	1.31	-0.16
Calmar ratio: Return relative to maximum drawdown	1.14	2.70	-1.55
Martin ratio: Return relative to average drawdown	2.96	8.77	-5.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CBS5.L vs. UC96.L - Sharpe Ratio Comparison

The current CBS5.L Sharpe Ratio is 0.85, which is lower than the UC96.L Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of CBS5.L and UC96.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

	CBS5.L	UC96.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	1.75	-0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.56	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.72	-0.46

Drawdowns

CBS5.L vs. UC96.L - Drawdown Comparison

The maximum CBS5.L drawdown since its inception was -14.59%, smaller than the maximum UC96.L drawdown of -27.20%. Use the drawdown chart below to compare losses from any high point for CBS5.L and UC96.L.

Drawdown Indicators

	CBS5.L	UC96.L	Difference
Max Drawdown Largest peak-to-trough decline	-14.59%	-27.20%	+12.61%
Max Drawdown (1Y) Largest decline over 1 year	-4.35%	-6.87%	+2.52%
Max Drawdown (3Y) Largest decline over 3 years	-8.03%	-19.43%	+11.40%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.20%	—
Current Drawdown Current decline from peak	-3.15%	0.00%	-3.15%
Average Drawdown Average peak-to-trough decline	-6.30%	-4.30%	-2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	2.12%	-0.43%

Volatility

CBS5.L vs. UC96.L - Volatility Comparison

The current volatility for UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc (CBS5.L) is 1.62%, while UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.L) has a volatility of 2.89%. This indicates that CBS5.L experiences smaller price fluctuations and is considered to be less risky than UC96.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CBS5.L	UC96.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.62%	2.89%	-1.27%
Volatility (6M) Calculated over the trailing 6-month period	4.28%	7.49%	-3.21%
Volatility (1Y) Calculated over the trailing 1-year period	5.83%	10.71%	-4.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.95%	14.04%	-6.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.95%	15.95%	-8.00%

CBS5.L vs. UC96.L - Expense Ratio Comparison

CBS5.L has a 0.20% expense ratio, which is lower than UC96.L's 0.25% 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

CBS5.L vs. UC96.L - Dividend Comparison

CBS5.L has not paid dividends to shareholders, while UC96.L's dividend yield for the trailing twelve months is around 0.01%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CBS5.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UC96.L UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis	0.01%	0.01%	0.01%	0.78%	0.02%	0.02%	0.02%	0.01%	0.02%	0.02%	0.01%

Frequently Asked Questions

Can I hold both CBS5.L and UC96.L in my portfolio?

CBS5.L and UC96.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.

Which ETF is better, CBS5.L or UC96.L?

On fees, CBS5.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CBS5.L or UC96.L?

CBS5.L is cheaper with a 0.20% expense ratio, compared with 0.25% for UC96.L.

What is the main difference between CBS5.L and UC96.L?

CBS5.L is categorized as Corporate Bonds, while UC96.L is Large Cap Value Equities. CBS5.L tracks Bloomberg US Corp Bond TR USD, while UC96.L tracks Russell 1000 Value TR USD. Their fees differ too: 0.20% for CBS5.L and 0.25% for UC96.L.