CBSE.L vs. UC99.L
CBSE.L (UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-dis) and UC99.L (UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis) are both exchange-traded funds - CBSE.L is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while UC99.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, CBSE.L returned -0.11%/yr vs 13.98%/yr for UC99.L. At a 0.21 correlation, their price movements are largely independent. CBSE.L charges 0.20%/yr vs 0.25%/yr for UC99.L.
Performance
CBSE.L vs. UC99.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 UC99.L's 10.42% 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*
- —
UC99.L
- 1D
- 0.63%
- 1M
- 6.73%
- YTD
- 10.42%
- 6M
- 10.82%
- 1Y
- 29.48%
- 3Y*
- 17.61%
- 5Y*
- 13.98%
- 10Y*
- 16.19%
CBSE.L vs. UC99.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% |
UC99.L UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 10.42% | 8.68% | 22.60% | 27.58% | -15.03% | 28.64% | 16.43% | 32.55% | 0.49% | 15.47% |
Correlation
The correlation between CBSE.L and UC99.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 | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.21 |
The correlation between CBSE.L and UC99.L shifts across timeframes, from 0.10 (3 years) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CBSE.L vs. UC99.L — Risk / Return Rank
CBSE.L
UC99.L
CBSE.L vs. UC99.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 (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UC99.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 | UC99.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.43 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 3.10 | -1.95 |
| Martin ratioReturn relative to average drawdown | 2.96 | 11.14 | -8.18 |
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 | UC99.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 2.41 | -1.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 0.87 | -0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.98 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 1.00 | -0.83 |
Drawdowns
CBSE.L vs. UC99.L - Drawdown Comparison
The maximum CBSE.L drawdown since its inception was -24.02%, roughly equal to the maximum UC99.L drawdown of -23.20%. Use the drawdown chart below to compare losses from any high point for CBSE.L and UC99.L.
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Drawdown Indicators
| CBSE.L | UC99.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.02% | -23.20% | -0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -9.47% | +5.35% |
Max Drawdown (3Y)Largest decline over 3 years | -4.12% | -23.20% | +19.08% |
Max Drawdown (5Y)Largest decline over 5 years | -19.55% | -23.20% | +3.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.20% | — |
Current DrawdownCurrent decline from peak | -7.66% | 0.00% | -7.66% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -4.24% | -5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 2.64% | -1.04% |
Volatility
CBSE.L vs. UC99.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 (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UC99.L) has a volatility of 3.33%. This indicates that CBSE.L experiences smaller price fluctuations and is considered to be less risky than UC99.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 | UC99.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 3.33% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 3.79% | 8.62% | -4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.87% | 12.19% | -7.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.43% | 16.02% | -9.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.44% | 16.54% | -9.10% |
CBSE.L vs. UC99.L - Expense Ratio Comparison
CBSE.L has a 0.20% expense ratio, which is lower than UC99.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
CBSE.L vs. UC99.L - Dividend Comparison
CBSE.L's dividend yield for the trailing twelve months is around 3.50%, while UC99.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UC99.L UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 0.00% | 0.00% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
Frequently Asked Questions
CBSE.L and UC99.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, CBSE.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBSE.L is cheaper with a 0.20% expense ratio, compared with 0.25% for UC99.L.
CBSE.L is categorized as European Corporate Bonds, while UC99.L is Large Cap Blend Equities. CBSE.L tracks Bloomberg Euro Corp TR EUR, while UC99.L tracks Russell 1000 TR USD. Their fees differ too: 0.20% for CBSE.L and 0.25% for UC99.L.
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