COVR.DE vs. 4UBF.DE
COVR.DE (PIMCO Covered Bond UCITS ETF Dist) and 4UBF.DE (UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc) are both European Corporate Bonds funds - COVR.DE tracks the PIMCO Covered Bond while 4UBF.DE tracks the Bloomberg MSCI Euro Area Liquid Corporates Sustainable. Both are passively managed. Over the past 5 years, COVR.DE returned -0.49%/yr vs -0.23%/yr for 4UBF.DE. A 0.76 correlation means they provide meaningful diversification when combined. COVR.DE charges 0.43%/yr vs 0.13%/yr for 4UBF.DE.
Performance
COVR.DE vs. 4UBF.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, COVR.DE achieves a -0.22% return, which is significantly lower than 4UBF.DE's 0.73% return.
COVR.DE
- 1D
- -0.00%
- 1M
- 0.10%
- YTD
- -0.22%
- 6M
- -0.38%
- 1Y
- 0.96%
- 3Y*
- 3.61%
- 5Y*
- -0.49%
- 10Y*
- 0.53%
4UBF.DE
- 1D
- 0.12%
- 1M
- 0.33%
- YTD
- 0.73%
- 6M
- 0.23%
- 1Y
- 2.32%
- 3Y*
- 4.95%
- 5Y*
- -0.23%
- 10Y*
- —
COVR.DE vs. 4UBF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
COVR.DE PIMCO Covered Bond UCITS ETF Dist | -0.22% | 2.66% | 3.80% | 6.11% | -12.85% | -1.15% |
4UBF.DE UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc | 0.73% | 3.23% | 4.51% | 8.22% | -15.67% | -0.28% |
Correlation
The correlation between COVR.DE and 4UBF.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.76 |
The correlation between COVR.DE and 4UBF.DE shifts across timeframes, from 0.62 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
COVR.DE vs. 4UBF.DE — Risk / Return Rank
COVR.DE
4UBF.DE
COVR.DE vs. 4UBF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Covered Bond UCITS ETF Dist (COVR.DE) and UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.DE). 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.
| COVR.DE | 4UBF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.10 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 0.69 | -0.47 |
| Martin ratioReturn relative to average drawdown | 0.65 | 2.30 | -1.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| COVR.DE | 4UBF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.55 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | -0.04 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | -0.04 | +0.25 |
Drawdowns
COVR.DE vs. 4UBF.DE - Drawdown Comparison
The maximum COVR.DE drawdown since its inception was -16.36%, smaller than the maximum 4UBF.DE drawdown of -19.99%. Use the drawdown chart below to compare losses from any high point for COVR.DE and 4UBF.DE.
Loading charts...
Drawdown Indicators
| COVR.DE | 4UBF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.36% | -19.99% | +3.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -2.88% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -2.85% | -2.88% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -15.69% | -19.99% | +4.30% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | — | — |
Current DrawdownCurrent decline from peak | -4.21% | -2.81% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -4.10% | -8.54% | +4.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.87% | +0.13% |
Volatility
COVR.DE vs. 4UBF.DE - Volatility Comparison
The current volatility for PIMCO Covered Bond UCITS ETF Dist (COVR.DE) is 0.92%, while UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.DE) has a volatility of 1.25%. This indicates that COVR.DE experiences smaller price fluctuations and is considered to be less risky than 4UBF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| COVR.DE | 4UBF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 1.25% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 3.11% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.48% | 3.67% | -1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.77% | 5.08% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.98% | 5.02% | -2.04% |
COVR.DE vs. 4UBF.DE - Expense Ratio Comparison
COVR.DE has a 0.43% expense ratio, which is higher than 4UBF.DE's 0.13% expense ratio.
Dividends
COVR.DE vs. 4UBF.DE - Dividend Comparison
COVR.DE's dividend yield for the trailing twelve months is around 2.49%, while 4UBF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
4UBF.DE UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
COVR.DE PIMCO Covered Bond UCITS ETF Dist | 2.49% | 2.43% | 1.66% | 0.56% | 0.00% | 0.00% | 0.42% | 1.20% | 0.78% | 0.57% | 0.74% | 0.86% |
Frequently Asked Questions
COVR.DE and 4UBF.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4UBF.DE is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4UBF.DE is cheaper with a 0.13% expense ratio, compared with 0.43% for COVR.DE.
COVR.DE tracks PIMCO Covered Bond, while 4UBF.DE tracks Bloomberg MSCI Euro Area Liquid Corporates Sustainable. They also come from different issuers: PIMCO and UBS. Their fees differ too: 0.43% for COVR.DE and 0.13% for 4UBF.DE.
Find the right allocation for COVR.DE and 4UBF.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer