EUFM.L vs. UBTL.L

Last updated Jun 5, 2026

EUFM.L (UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc) and UBTL.L (UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis) are both exchange-traded funds - EUFM.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while UBTL.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD. Both are passively managed. Over the past 5 years, EUFM.L returned 9.69%/yr vs -4.40%/yr for UBTL.L. At a correlation of -0.01, they often move in opposite directions. EUFM.L charges 0.34%/yr vs 0.20%/yr for UBTL.L.

Performance

EUFM.L vs. UBTL.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) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis (UBTL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUFM.L achieves a 6.74% return, which is significantly higher than UBTL.L's -0.05% return.

EUFM.L

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

UBTL.L

• 1D: 0.19%
• 1M: 1.78%
• YTD: -0.05%
• 6M: -1.17%
• 1Y: 5.11%
• 3Y*: -3.66%
• 5Y*: -4.40%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
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%
UBTL.L UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis	-0.05%	-2.86%	-3.20%	-5.34%	-24.00%	9.31%	19.40%	13.92%	-1.88%

Correlation

The correlation between EUFM.L and UBTL.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jul 10, 2018	-0.01

The correlation between EUFM.L and UBTL.L shifts across timeframes, from -0.01 (5 years) to 0.17 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EUFM.L vs. UBTL.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: 37
EUFM.L Sharpe Ratio Rank: 39
EUFM.L Sortino Ratio Rank: 37
EUFM.L Omega Ratio Rank: 41
EUFM.L Calmar Ratio Rank: 33
EUFM.L Martin Ratio Rank: 37

UBTL.L

UBTL.L Risk / Return Rank: 17
UBTL.L Sharpe Ratio Rank: 18
UBTL.L Sortino Ratio Rank: 18
UBTL.L Omega Ratio Rank: 17
UBTL.L Calmar Ratio Rank: 17
UBTL.L Martin Ratio Rank: 15

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. UBTL.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) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis (UBTL.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.L	UBTL.L	Difference
Sharpe ratio: Return per unit of total volatility	1.36	0.54	+0.82
Sortino ratio: Return per unit of downside risk	1.90	0.85	+1.06
Omega ratio: Gain probability vs. loss probability	1.26	1.10	+0.16
Calmar ratio: Return relative to maximum drawdown	1.58	0.64	+0.93
Martin ratio: Return relative to average drawdown	5.69	1.25	+4.45
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. UBTL.L - Sharpe Ratio Comparison

The current EUFM.L Sharpe Ratio is 1.36, which is higher than the UBTL.L Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of EUFM.L and UBTL.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

	EUFM.L	UBTL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.36	0.54	+0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	-0.29	+0.96
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	-0.01	+0.54

Drawdowns

EUFM.L vs. UBTL.L - Drawdown Comparison

The maximum EUFM.L drawdown since its inception was -30.14%, smaller than the maximum UBTL.L drawdown of -38.66%. Use the drawdown chart below to compare losses from any high point for EUFM.L and UBTL.L.

Drawdown Indicators

	EUFM.L	UBTL.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.14%	-38.66%	+8.52%
Max Drawdown (1Y) Largest decline over 1 year	-10.59%	-7.89%	-2.70%
Max Drawdown (3Y) Largest decline over 3 years	-11.90%	-16.30%	+4.40%
Max Drawdown (5Y) Largest decline over 5 years	-20.86%	-38.66%	+17.80%
Current Drawdown Current decline from peak	-1.07%	-34.41%	+33.34%
Average Drawdown Average peak-to-trough decline	-5.19%	-16.79%	+11.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	4.09%	-1.14%

Volatility

EUFM.L vs. UBTL.L - Volatility Comparison

UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L) has a higher volatility of 4.00% compared to UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis (UBTL.L) at 2.36%. This indicates that EUFM.L's price experiences larger fluctuations and is considered to be riskier than UBTL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUFM.L	UBTL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	2.36%	+1.64%
Volatility (6M) Calculated over the trailing 6-month period	10.33%	6.17%	+4.16%
Volatility (1Y) Calculated over the trailing 1-year period	12.33%	9.40%	+2.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.53%	15.23%	-0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.13%	15.34%	+0.79%

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

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

Dividends

EUFM.L vs. UBTL.L - Dividend Comparison

EUFM.L has not paid dividends to shareholders, while UBTL.L's dividend yield for the trailing twelve months is around 6.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
UBTL.L UBS ETF (LU) Bloomberg TIPS 10+ UCITS ETF (USD) A-dis	6.15%	5.34%	5.57%	6.49%	8.27%	2.56%	0.73%	2.60%	2.29%	1.99%

Frequently Asked Questions

Can I hold both EUFM.L and UBTL.L in my portfolio?

EUFM.L and UBTL.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EUFM.L or UBTL.L?

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

Which ETF is cheaper, EUFM.L or UBTL.L?

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

What is the main difference between EUFM.L and UBTL.L?

EUFM.L is categorized as Europe Equities, while UBTL.L is Inflation-Protected Bonds. EUFM.L tracks MSCI EMU NR EUR, while UBTL.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD. Their fees differ too: 0.34% for EUFM.L and 0.20% for UBTL.L.