EMAD.L vs. UC95.L
EMAD.L (State Street SPDR MSCI EM Asia UCITS ETF USD (Acc)) and UC95.L (UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis) are both exchange-traded funds - EMAD.L is a Asia Pacific Equities fund tracking the MSCI EM (Emerging Markets) Asia Index, while UC95.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 10 years, EMAD.L returned 9.49%/yr vs 9.48%/yr for UC95.L. At a 0.34 correlation, their price movements are largely independent. EMAD.L charges 0.55%/yr vs 0.25%/yr for UC95.L.
Performance
EMAD.L vs. UC95.L - Performance Comparison
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Different Trading Currencies
EMAD.L is traded in USD, while UC95.L is traded in GBp. To make them comparable, the UC95.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMAD.L achieves a 18.88% return, which is significantly higher than UC95.L's 6.35% return. Both investments have delivered pretty close results over the past 10 years, with EMAD.L having a 9.49% annualized return and UC95.L not far behind at 9.48%.
EMAD.L
- 1D
- -2.28%
- 1M
- -11.14%
- 6M
- 11.94%
- YTD
- 18.88%
- 1Y
- 31.93%
- 3Y*
- 20.12%
- 5Y*
- 6.07%
- 10Y*
- 9.49%
UC95.L
- 1D
- 0.97%
- 1M
- 5.20%
- 6M
- 4.87%
- YTD
- 6.35%
- 1Y
- 7.47%
- 3Y*
- 9.93%
- 5Y*
- 6.79%
- 10Y*
- 9.48%
EMAD.L vs. UC95.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMAD.L State Street SPDR MSCI EM Asia UCITS ETF USD (Acc) | 18.88% | 32.13% | 11.12% | 6.54% | -21.75% | -6.15% | 28.24% | 16.78% | -14.40% | 42.49% |
UC95.L UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis | 6.35% | 6.66% | 13.53% | 5.71% | -6.94% | 24.94% | 3.78% | 30.17% | -1.64% | 15.82% |
Correlation
The correlation between EMAD.L and UC95.L is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2015 | 0.34 |
The correlation between EMAD.L and UC95.L shifts across timeframes, from -0.21 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMAD.L vs. UC95.L — Risk / Return Rank
EMAD.L
UC95.L
EMAD.L vs. UC95.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI EM Asia UCITS ETF USD (Acc) (EMAD.L) and UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis (UC95.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EMAD.L | UC95.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.13 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 0.93 | +1.43 |
| Martin ratioReturn relative to average drawdown | 6.96 | 2.10 | +4.86 |
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Drawdowns
EMAD.L vs. UC95.L - Drawdown Comparison
The maximum EMAD.L drawdown since its inception was -46.17%, which is greater than UC95.L's maximum drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for EMAD.L and UC95.L.
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Drawdown Indicators
| EMAD.L | UC95.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.17% | -36.05% | -10.12% |
Max Drawdown (1Y)Largest decline over 1 year | -13.45% | -8.00% | -5.45% |
Max Drawdown (3Y)Largest decline over 3 years | -20.03% | -10.18% | -9.85% |
Max Drawdown (5Y)Largest decline over 5 years | -38.79% | -17.29% | -21.50% |
Max Drawdown (10Y)Largest decline over 10 years | -46.17% | -36.05% | -10.12% |
Current DrawdownCurrent decline from peak | -13.45% | -0.98% | -12.47% |
Average DrawdownAverage peak-to-trough decline | -14.72% | -3.68% | -11.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 3.55% | +1.03% |
Volatility
EMAD.L vs. UC95.L - Volatility Comparison
State Street SPDR MSCI EM Asia UCITS ETF USD (Acc) (EMAD.L) has a higher volatility of 9.76% compared to UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis (UC95.L) at 3.14%. This indicates that EMAD.L's price experiences larger fluctuations and is considered to be riskier than UC95.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMAD.L | UC95.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.76% | 3.14% | +6.62% |
Volatility (6M)Calculated over the trailing 6-month period | 21.25% | 7.47% | +13.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.65% | 9.65% | +14.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.82% | 12.66% | +8.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.16% | 14.07% | +6.09% |
EMAD.L vs. UC95.L - Expense Ratio Comparison
EMAD.L has a 0.55% expense ratio, which is higher than UC95.L's 0.25% expense ratio.
Dividends
EMAD.L vs. UC95.L - Dividend Comparison
EMAD.L has not paid dividends to shareholders, while UC95.L's dividend yield for the trailing twelve months is around 1.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EMAD.L State Street SPDR MSCI EM Asia UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UC95.L UBS ETF (IE) Factor MSCI USA Low Volatility UCITS ETF (USD) A-dis | 1.77% | 1.99% | 1.61% | 1.53% | 1.29% | 1.13% | 2.06% | 2.11% | 1.91% | 1.68% | 1.37% |
Frequently Asked Questions
EMAD.L and UC95.L have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UC95.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UC95.L is cheaper with a 0.25% expense ratio, compared with 0.55% for EMAD.L.
EMAD.L is categorized as Asia Pacific Equities, while UC95.L is Large Cap Blend Equities. EMAD.L tracks MSCI EM (Emerging Markets) Asia Index, while UC95.L tracks Russell 1000 TR USD. They also come from different issuers: State Street and UBS. Their fees differ too: 0.55% for EMAD.L and 0.25% for UC95.L.
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