EUAD vs. ULS

Last updated Jun 13, 2026

EUAD (Select STOXX Europe Aerospace & Defense ETF) is Aerospace & Defense fund tracking the STOXX Europe Total Market Aerospace & Defense Index, while ULS (UL Solutions Inc) is a stock. Over the past year, EUAD returned 2.75% vs 38.65% for ULS. At a 0.24 correlation, their price movements are largely independent.

Performance

EUAD vs. ULS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Select STOXX Europe Aerospace & Defense ETF (EUAD) and UL Solutions Inc (ULS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUAD achieves a -2.37% return, which is significantly lower than ULS's 23.31% return.

EUAD

• 1D: -0.77%
• 1M: 4.47%
• YTD: -2.37%
• 6M: -0.54%
• 1Y: 2.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ULS

• 1D: -1.50%
• 1M: -1.75%
• YTD: 23.31%
• 6M: 24.86%
• 1Y: 38.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EUAD vs. ULS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EUAD Select STOXX Europe Aerospace & Defense ETF	-2.37%	74.51%	-6.86%
ULS UL Solutions Inc	23.31%	59.33%	-5.65%

Correlation

The correlation between EUAD and ULS 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 (All Time) Calculated using the full available price history since Oct 22, 2024	0.24

Return for Risk

EUAD vs. ULS — Risk / Return Rank

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

EUAD

EUAD Risk / Return Rank: 11
EUAD Sharpe Ratio Rank: 11
EUAD Sortino Ratio Rank: 11
EUAD Omega Ratio Rank: 11
EUAD Calmar Ratio Rank: 11
EUAD Martin Ratio Rank: 11

ULS

ULS Risk / Return Rank: 72
ULS Sharpe Ratio Rank: 72
ULS Sortino Ratio Rank: 70
ULS Omega Ratio Rank: 72
ULS Calmar Ratio Rank: 71
ULS Martin Ratio Rank: 73

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.

EUAD vs. ULS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Select STOXX Europe Aerospace & Defense ETF (EUAD) and UL Solutions Inc (ULS). 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.

	EUAD	ULS	Difference
Sharpe ratio: Return per unit of total volatility	0.09	0.94	-0.85
Sortino ratio: Return per unit of downside risk	0.35	1.62	-1.27
Omega ratio: Gain probability vs. loss probability	1.04	1.22	-0.18
Calmar ratio: Return relative to maximum drawdown	0.13	1.60	-1.47
Martin ratio: Return relative to average drawdown	0.30	4.04	-3.74

EUAD vs. ULS - Sharpe Ratio Comparison

The current EUAD Sharpe Ratio is 0.09, which is lower than the ULS Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of EUAD and ULS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EUAD vs. ULS - Drawdown Comparison

The maximum EUAD drawdown since its inception was -22.04%, smaller than the maximum ULS drawdown of -24.34%. Use the drawdown chart below to compare losses from any high point for EUAD and ULS.

Drawdown Indicators

	EUAD	ULS	Difference
Max Drawdown Largest peak-to-trough decline	-22.04%	-24.34%	+2.30%
Max Drawdown (1Y) Largest decline over 1 year	-22.04%	-24.34%	+2.30%
Current Drawdown Current decline from peak	-14.81%	-7.45%	-7.36%
Average Drawdown Average peak-to-trough decline	-5.88%	-5.59%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.34%	9.59%	-0.25%

Volatility

EUAD vs. ULS - Volatility Comparison

Select STOXX Europe Aerospace & Defense ETF (EUAD) has a higher volatility of 9.65% compared to UL Solutions Inc (ULS) at 6.13%. This indicates that EUAD's price experiences larger fluctuations and is considered to be riskier than ULS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUAD	ULS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.65%	6.13%	+3.52%
Volatility (6M) Calculated over the trailing 6-month period	24.40%	30.12%	-5.72%
Volatility (1Y) Calculated over the trailing 1-year period	29.15%	41.32%	-12.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.90%	35.71%	-5.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.90%	35.71%	-5.81%

Dividends

EUAD vs. ULS - Dividend Comparison

EUAD's dividend yield for the trailing twelve months is around 0.41%, less than ULS's 0.57% yield.

Position	TTM	2025	2024
EUAD Select STOXX Europe Aerospace & Defense ETF	0.41%	0.40%	0.10%
ULS UL Solutions Inc	0.57%	0.66%	0.75%

Frequently Asked Questions

Can I hold both EUAD and ULS in my portfolio?

EUAD and ULS 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.

Which is riskier, EUAD or ULS?

EUAD has higher volatility (9.65%) compared to ULS (6.13%). In terms of maximum drawdown, EUAD dropped -22.04% vs ULS's -24.34%.

Which has better risk-adjusted returns?

ULS currently has the higher Sharpe Ratio (0.94 vs 0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.