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EUFM.L vs. UB12.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUFM.L vs. UB12.L

Last updated Jun 5, 2026

EUFM.L (UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc) and UB12.L (UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis) are both Europe Equities funds from UBS - EUFM.L tracks the MSCI EMU NR EUR while UB12.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, EUFM.L returned 9.69%/yr vs 10.14%/yr for UB12.L. Their correlation of 0.86 suggests significant overlap in exposure. EUFM.L charges 0.34%/yr vs 0.20%/yr for UB12.L.

Performance

EUFM.L vs. UB12.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L) and UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UB12.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with EUFM.L having a 6.74% return and UB12.L slightly higher at 6.75%.

EUFM.L

1D
0.21%
1M
2.81%
YTD
6.74%
6M
8.89%
1Y
16.80%
3Y*
15.42%
5Y*
9.69%
10Y*
—

UB12.L

1D
0.45%
1M
3.53%
YTD
6.75%
6M
8.80%
1Y
19.32%
3Y*
13.86%
5Y*
10.14%
10Y*
10.20%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUFM.L vs. UB12.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
EUFM.L
UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc		6.74%29.59%3.25%15.45%-7.82%13.50%5.84%19.11%-12.29%
UB12.L
UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis		6.75%25.97%3.91%13.08%-3.54%16.84%2.37%19.34%-10.25%

Correlation

The correlation between EUFM.L and UB12.L is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.94

Correlation (3Y)
Calculated over the trailing 3-year period

0.82

Correlation (5Y)
Calculated over the trailing 5-year period

0.79

Correlation (All Time)
Calculated using the full available price history since Jul 10, 2018

0.86

The correlation between EUFM.L and UB12.L shifts across timeframes, from 0.79 (5 years) to 0.94 (1 year), reflecting how their relationship changes across market environments.

EUFM.L vs. UB12.L - Sectors Allocation Comparison

Sectors
EUFM.L
UB12.L

Financial Services

26.7%
23.2%

Industrials

23.5%
19.6%

Utilities

9.5%
4.8%

Technology

8.5%
9.4%

Consumer Defensive

6.7%
8.6%

Consumer Cyclical

6.6%
6.3%

Basic Materials

4.8%
5.6%

Healthcare

4.3%
12.9%

Communication Services

4.2%
3.8%

Energy

3.7%
5.0%

Real Estate

1.6%
0.8%

Financial Services

EUFM.L
26.7%
UB12.L
23.2%

Industrials

EUFM.L
23.5%
UB12.L
19.6%

Utilities

EUFM.L
9.5%
UB12.L
4.8%

Technology

EUFM.L
8.5%
UB12.L
9.4%

Consumer Defensive

EUFM.L
6.7%
UB12.L
8.6%

Consumer Cyclical

EUFM.L
6.6%
UB12.L
6.3%

Basic Materials

EUFM.L
4.8%
UB12.L
5.6%

Healthcare

EUFM.L
4.3%
UB12.L
12.9%

Communication Services

EUFM.L
4.2%
UB12.L
3.8%

Energy

EUFM.L
3.7%
UB12.L
5.0%

Real Estate

EUFM.L
1.6%
UB12.L
0.8%

Compare stocks, funds, or ETFs

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UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc

UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis

Often compared with EUFM.L:
EUFM.L vs. IBC0.DEEUFM.L vs. CEMT.DEEUFM.L vs. D5BL.DEEUFM.L vs. UB01.LEUFM.L vs. ZPRX.DEEUFM.L vs. XLKEUFM.L vs. PRAZ.DE
Often compared with UB12.L:
UB12.L vs. CEMU.ASUB12.L vs. IWYUB12.L vs. iwyUB12.L vs. IMEU.LUB12.L vs. S5SD.LUB12.L vs. CS1.LUB12.L vs. HDEU.L

Return for Risk

EUFM.L vs. UB12.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EUFM.L
EUFM.L Risk / Return Rank: 3737
Overall Rank
EUFM.L Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
EUFM.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
EUFM.L Omega Ratio Rank: 4141
Omega Ratio Rank
EUFM.L Calmar Ratio Rank: 3333
Calmar Ratio Rank
EUFM.L Martin Ratio Rank: 3737
Martin Ratio Rank
UB12.L
UB12.L Risk / Return Rank: 4343
Overall Rank
UB12.L Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
UB12.L Sortino Ratio Rank: 4545
Sortino Ratio Rank
UB12.L Omega Ratio Rank: 4848
Omega Ratio Rank
UB12.L Calmar Ratio Rank: 3737
Calmar Ratio Rank
UB12.L Martin Ratio Rank: 4141
Martin Ratio Rank
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.

EUFM.L vs. UB12.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L) and UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UB12.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.

EUFM.LUB12.LDifference
Sharpe ratioReturn per unit of total volatility
1.36
1.59

-0.23

Sortino ratioReturn per unit of downside risk
1.90
2.23

-0.33

Omega ratioGain probability vs. loss probability

1.26

1.30

-0.04

Calmar ratioReturn relative to maximum drawdown

1.58

1.80

-0.22

Martin ratioReturn relative to average drawdown

5.69

6.36

-0.67

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUFM.L vs. UB12.L - Sharpe Ratio Comparison

The current EUFM.L Sharpe Ratio is 1.36, which is comparable to the UB12.L Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of EUFM.L and UB12.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.

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Sharpe Ratios by Period

EUFM.LUB12.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.36

1.59

-0.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

0.74

-0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.69

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.59

-0.06

Drawdowns

EUFM.L vs. UB12.L - Drawdown Comparison

The maximum EUFM.L drawdown since its inception was -30.14%, which is greater than UB12.L's maximum drawdown of -28.66%. Use the drawdown chart below to compare losses from any high point for EUFM.L and UB12.L.

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Drawdown Indicators

EUFM.LUB12.LDifference

Max Drawdown

Largest peak-to-trough decline

-30.14%

-28.66%

-1.48%

Max Drawdown (1Y)

Largest decline over 1 year

-10.59%

-10.68%

+0.09%

Max Drawdown (3Y)

Largest decline over 3 years

-11.90%

-12.68%

+0.78%

Max Drawdown (5Y)

Largest decline over 5 years

-20.86%

-15.68%

-5.18%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.66%

—

Current Drawdown

Current decline from peak

-1.07%

-1.52%

+0.45%

Average Drawdown

Average peak-to-trough decline

-5.19%

-4.19%

-1.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.95%

3.03%

-0.08%

Volatility

EUFM.L vs. UB12.L - Volatility Comparison

UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L) and UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UB12.L) have volatilities of 4.00% and 3.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EUFM.LUB12.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.00%

3.88%

+0.12%

Volatility (6M)

Calculated over the trailing 6-month period

10.33%

10.18%

+0.15%

Volatility (1Y)

Calculated over the trailing 1-year period

12.33%

12.11%

+0.22%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.53%

13.69%

+0.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.13%

14.87%

+1.26%

EUFM.L vs. UB12.L - Expense Ratio Comparison

EUFM.L has a 0.34% expense ratio, which is higher than UB12.L's 0.20% expense ratio.

Dividends

EUFM.L vs. UB12.L - Dividend Comparison

EUFM.L has not paid dividends to shareholders, while UB12.L's dividend yield for the trailing twelve months is around 3.18%.

PositionTTM20252024202320222021202020192018201720162015
EUFM.L
UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)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%
UB12.L
UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis		3.18%2.45%2.75%2.73%2.73%2.08%2.03%3.07%3.33%2.90%3.73%3.17%

Frequently Asked Questions

With a correlation of 0.94, EUFM.L and UB12.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, UB12.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UB12.L is cheaper with a 0.20% expense ratio, compared with 0.34% for EUFM.L.

EUFM.L tracks MSCI EMU NR EUR, while UB12.L tracks MSCI Europe NR EUR. Their fees differ too: 0.34% for EUFM.L and 0.20% for UB12.L.

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