CBSE.L vs. UC63.L
CBSE.L (UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis) and UC63.L (UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis) are both exchange-traded funds - CBSE.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while UC63.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 5 years, CBSE.L returned -0.11%/yr vs 12.25%/yr for UC63.L. At a 0.15 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
CBSE.L vs. UC63.L - Performance Comparison
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Returns By Period
In the year-to-date period, CBSE.L achieves a -0.42% return, which is significantly lower than UC63.L's 5.83% return.
CBSE.L
- 1D
- 0.27%
- 1M
- 1.08%
- YTD
- -0.42%
- 6M
- -0.53%
- 1Y
- 4.75%
- 3Y*
- 5.05%
- 5Y*
- -0.11%
- 10Y*
- —
UC63.L
- 1D
- 0.09%
- 1M
- 1.35%
- YTD
- 5.83%
- 6M
- 8.04%
- 1Y
- 21.74%
- 3Y*
- 14.65%
- 5Y*
- 12.25%
- 10Y*
- 8.91%
CBSE.L vs. UC63.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBSE.L UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis | -0.42% | 8.60% | -0.00% | 5.96% | -10.95% | -7.70% | 8.93% | 2.37% | -1.04% | 8.00% |
UC63.L UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis | 5.83% | 25.75% | 9.16% | 6.95% | 7.38% | 19.00% | -13.55% | 16.32% | -9.35% | 12.46% |
Correlation
The correlation between CBSE.L and UC63.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.15 |
The correlation between CBSE.L and UC63.L shifts across timeframes, from 0.12 (5 years) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CBSE.L vs. UC63.L — Risk / Return Rank
CBSE.L
UC63.L
CBSE.L vs. UC63.L - 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) A-dis (CBSE.L) and UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis (UC63.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.
| CBSE.L | UC63.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.36 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.39 | -1.24 |
| Martin ratioReturn relative to average drawdown | 2.96 | 8.18 | -5.22 |
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
| CBSE.L | UC63.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.93 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.95 | -0.97 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.48 | -0.31 |
Drawdowns
CBSE.L vs. UC63.L - Drawdown Comparison
The maximum CBSE.L drawdown since its inception was -24.02%, smaller than the maximum UC63.L drawdown of -34.55%. Use the drawdown chart below to compare losses from any high point for CBSE.L and UC63.L.
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Drawdown Indicators
| CBSE.L | UC63.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.02% | -34.55% | +10.53% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -9.05% | +4.93% |
Max Drawdown (3Y)Largest decline over 3 years | -4.12% | -12.95% | +8.83% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | -12.95% | -6.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.55% | — |
Current DrawdownCurrent decline from peak | -7.66% | -4.19% | -3.47% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -4.76% | -4.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 2.65% | -1.05% |
Volatility
CBSE.L vs. UC63.L - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis (CBSE.L) is 1.58%, while UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis (UC63.L) has a volatility of 4.04%. This indicates that CBSE.L experiences smaller price fluctuations and is considered to be less risky than UC63.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBSE.L | UC63.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 4.04% | -2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 3.79% | 9.72% | -5.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.87% | 11.19% | -6.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.43% | 12.88% | -6.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.44% | 15.11% | -7.67% |
CBSE.L vs. UC63.L - Expense Ratio Comparison
Both CBSE.L and UC63.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CBSE.L vs. UC63.L - Dividend Comparison
CBSE.L's dividend yield for the trailing twelve months is around 3.50%, more than UC63.L's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBSE.L UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis | 3.50% | 3.72% | 3.18% | 1.80% | 0.58% | 0.59% | 0.61% | 1.03% | 1.42% | 0.48% | 0.00% | 0.00% |
UC63.L UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis | 2.87% | 2.73% | 3.12% | 3.69% | 3.71% | 3.22% | 3.86% | 4.21% | 3.55% | 4.46% | 2.14% | 4.44% |
Frequently Asked Questions
CBSE.L and UC63.L have a correlation of 0.24, 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 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CBSE.L and UC63.L have the same expense ratio: 0.20% per year.
CBSE.L is categorized as European Corporate Bonds, while UC63.L is Europe Equities. CBSE.L tracks Bloomberg Euro Corp TR EUR, while UC63.L tracks FTSE AllSh TR GBP.
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