EGOV.L vs. UB01.L

Last updated Jun 5, 2026

EGOV.L (UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (USD) A-acc) and UB01.L (UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis) are both exchange-traded funds - EGOV.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while UB01.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, EGOV.L returned -2.07%/yr vs 11.63%/yr for UB01.L. At a correlation of -0.04, they often move in opposite directions. Both charge a 0.15% expense ratio.

Performance

EGOV.L vs. UB01.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (USD) A-acc (EGOV.L) and UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis (UB01.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EGOV.L achieves a -1.11% return, which is significantly lower than UB01.L's 6.40% return.

EGOV.L

• 1D: 0.12%
• 1M: 0.64%
• YTD: -1.11%
• 6M: -1.50%
• 1Y: 0.45%
• 3Y*: -0.82%
• 5Y*: -2.07%
• 10Y*: —

UB01.L

• 1D: 0.60%
• 1M: 4.75%
• YTD: 6.40%
• 6M: 7.48%
• 1Y: 18.69%
• 3Y*: 16.47%
• 5Y*: 11.63%
• 10Y*: 11.99%

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

EGOV.L vs. UB01.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EGOV.L UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (USD) A-acc	-1.11%	0.21%	-2.55%	-1.25%	-7.09%	-5.75%	5.54%	-1.92%
UB01.L UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis	6.40%	28.34%	6.43%	19.85%	-4.38%	14.47%	4.04%	2.60%

Correlation

The correlation between EGOV.L and UB01.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Oct 23, 2019	-0.04

The correlation between EGOV.L and UB01.L shifts across timeframes, from -0.05 (5 years) to 0.12 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EGOV.L vs. UB01.L — Risk / Return Rank

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

EGOV.L

EGOV.L Risk / Return Rank: 10
EGOV.L Sharpe Ratio Rank: 10
EGOV.L Sortino Ratio Rank: 9
EGOV.L Omega Ratio Rank: 9
EGOV.L Calmar Ratio Rank: 10
EGOV.L Martin Ratio Rank: 10

UB01.L

UB01.L Risk / Return Rank: 42
UB01.L Sharpe Ratio Rank: 42
UB01.L Sortino Ratio Rank: 42
UB01.L Omega Ratio Rank: 42
UB01.L Calmar Ratio Rank: 42
UB01.L Martin Ratio Rank: 41

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.

EGOV.L vs. UB01.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (USD) A-acc (EGOV.L) and UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis (UB01.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.

	EGOV.L	UB01.L	Difference
Sharpe ratio: Return per unit of total volatility	0.10	1.44	-1.34
Sortino ratio: Return per unit of downside risk	0.18	2.12	-1.94
Omega ratio: Gain probability vs. loss probability	1.02	1.27	-0.25
Calmar ratio: Return relative to maximum drawdown	0.10	2.05	-1.95
Martin ratio: Return relative to average drawdown	0.20	6.42	-6.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EGOV.L vs. UB01.L - Sharpe Ratio Comparison

The current EGOV.L Sharpe Ratio is 0.10, which is lower than the UB01.L Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of EGOV.L and UB01.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

	EGOV.L	UB01.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	1.44	-1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.25	1.12	-1.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.25	1.61	-1.86

Drawdowns

EGOV.L vs. UB01.L - Drawdown Comparison

The maximum EGOV.L drawdown since its inception was -25.11%, smaller than the maximum UB01.L drawdown of -29.27%. Use the drawdown chart below to compare losses from any high point for EGOV.L and UB01.L.

Drawdown Indicators

	EGOV.L	UB01.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.11%	-29.27%	+4.16%
Max Drawdown (1Y) Largest decline over 1 year	-4.49%	-11.38%	+6.89%
Max Drawdown (3Y) Largest decline over 3 years	-5.55%	-13.55%	+8.00%
Max Drawdown (5Y) Largest decline over 5 years	-16.45%	-21.12%	+4.67%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.27%	—
Current Drawdown Current decline from peak	-22.96%	-0.60%	-22.36%
Average Drawdown Average peak-to-trough decline	-16.59%	-4.20%	-12.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	3.92%	-1.67%

Volatility

EGOV.L vs. UB01.L - Volatility Comparison

The current volatility for UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond UCITS ETF (USD) A-acc (EGOV.L) is 1.39%, while UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis (UB01.L) has a volatility of 4.80%. This indicates that EGOV.L experiences smaller price fluctuations and is considered to be less risky than UB01.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EGOV.L	UB01.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.39%	4.80%	-3.41%
Volatility (6M) Calculated over the trailing 6-month period	3.32%	12.76%	-9.44%
Volatility (1Y) Calculated over the trailing 1-year period	4.51%	16.17%	-11.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.13%	26.79%	-18.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.77%	31.14%	-22.37%

EGOV.L vs. UB01.L - Expense Ratio Comparison

Both EGOV.L and UB01.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

EGOV.L vs. UB01.L - Dividend Comparison

EGOV.L has not paid dividends to shareholders, while UB01.L's dividend yield for the trailing twelve months is around 2.56%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EGOV.L UBS ETF (LU) J.P. Morgan Global Government ESG Liquid Bond 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%	0.00%
UB01.L UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis	2.56%	2.43%	3.13%	2.86%	2.78%	1.94%	1.93%	3.04%	2.77%	2.89%	3.55%	3.50%

Frequently Asked Questions

Can I hold both EGOV.L and UB01.L in my portfolio?

EGOV.L and UB01.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EGOV.L or UB01.L?

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EGOV.L or UB01.L?

EGOV.L and UB01.L have the same expense ratio: 0.15% per year.

What is the main difference between EGOV.L and UB01.L?

EGOV.L is categorized as Global Bonds, while UB01.L is Europe Equities. EGOV.L tracks Bloomberg Global Aggregate TR USD, while UB01.L tracks MSCI EMU NR EUR.