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EUFM.L vs. UD03.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EUFM.L vs. UD03.L

Last updated Jun 5, 2026

EUFM.L (UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc) and UD03.L (UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis) are both Europe Equities funds from UBS tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, EUFM.L returned 9.69%/yr vs 10.72%/yr for UD03.L. At a 0.26 correlation, their price movements are largely independent. EUFM.L charges 0.34%/yr vs 0.28%/yr for UD03.L.

Performance

EUFM.L vs. UD03.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) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (UD03.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EUFM.L achieves a 6.74% return, which is significantly lower than UD03.L's 12.28% 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*
—

UD03.L

1D
0.26%
1M
4.71%
YTD
12.28%
6M
15.08%
1Y
24.17%
3Y*
14.83%
5Y*
10.72%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

EUFM.L vs. UD03.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
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%1.51%
UD03.L
UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis		12.28%25.20%0.78%19.24%-4.62%10.81%5.72%0.00%

Correlation

The correlation between EUFM.L and UD03.L is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.57

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

0.35

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

0.31

Correlation (All Time)
Calculated using the full available price history since Dec 17, 2019

0.26

Over the past year, EUFM.L and UD03.L have become more correlated (0.57) than their long-term average of 0.26, meaning their price movements have been converging.

EUFM.L vs. UD03.L - Sectors Allocation Comparison

Sectors
EUFM.L
UD03.L

Financial Services

26.7%
28.5%

Industrials

23.5%
12.1%

Utilities

9.5%
7.7%

Technology

8.5%
16.2%

Consumer Defensive

6.7%
14.6%

Consumer Cyclical

6.6%
7.0%

Basic Materials

4.8%
4.2%

Healthcare

4.3%
4.1%

Communication Services

4.2%
3.1%

Energy

3.7%
2.7%

Real Estate

1.6%

-

Financial Services

EUFM.L
26.7%
UD03.L
28.5%

Industrials

EUFM.L
23.5%
UD03.L
12.1%

Utilities

EUFM.L
9.5%
UD03.L
7.7%

Technology

EUFM.L
8.5%
UD03.L
16.2%

Consumer Defensive

EUFM.L
6.7%
UD03.L
14.6%

Consumer Cyclical

EUFM.L
6.6%
UD03.L
7.0%

Basic Materials

EUFM.L
4.8%
UD03.L
4.2%

Healthcare

EUFM.L
4.3%
UD03.L
4.1%

Communication Services

EUFM.L
4.2%
UD03.L
3.1%

Energy

EUFM.L
3.7%
UD03.L
2.7%

Real Estate

EUFM.L
1.6%
UD03.L

-

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

UBS ETF (LU) Factor MSCI EMU Prime Value 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 UD03.L:
UD03.L vs. XUEK.LUD03.L vs. CE2D.LUD03.L vs. IEDL.LUD03.L vs. IEFS.LUD03.L vs. EUDI.LUD03.L vs. HDEU.LUD03.L vs. OMXS.L

Return for Risk

EUFM.L vs. UD03.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
UD03.L
UD03.L Risk / Return Rank: 9090
Overall Rank
UD03.L Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
UD03.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
UD03.L Omega Ratio Rank: 9292
Omega Ratio Rank
UD03.L Calmar Ratio Rank: 9191
Calmar Ratio Rank
UD03.L Martin Ratio Rank: 8282
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. UD03.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) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (UD03.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.LUD03.LDifference
Sharpe ratioReturn per unit of total volatility
1.36
3.47

-2.12

Sortino ratioReturn per unit of downside risk
1.90
4.46

-2.56

Omega ratioGain probability vs. loss probability

1.26

1.61

-0.35

Calmar ratioReturn relative to maximum drawdown

1.58

5.70

-4.12

Martin ratioReturn relative to average drawdown

5.69

16.25

-10.56

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. UD03.L - Sharpe Ratio Comparison

The current EUFM.L Sharpe Ratio is 1.36, which is lower than the UD03.L Sharpe Ratio of 3.47. The chart below compares the historical Sharpe Ratios of EUFM.L and UD03.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.LUD03.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.36

3.47

-2.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.67

1.75

-1.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

1.19

-0.66

Drawdowns

EUFM.L vs. UD03.L - Drawdown Comparison

The maximum EUFM.L drawdown since its inception was -30.14%, roughly equal to the maximum UD03.L drawdown of -30.85%. Use the drawdown chart below to compare losses from any high point for EUFM.L and UD03.L.

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Drawdown Indicators

EUFM.LUD03.LDifference

Max Drawdown

Largest peak-to-trough decline

-30.14%

-30.85%

+0.71%

Max Drawdown (1Y)

Largest decline over 1 year

-10.59%

-9.80%

-0.79%

Max Drawdown (3Y)

Largest decline over 3 years

-11.90%

-11.72%

-0.18%

Max Drawdown (5Y)

Largest decline over 5 years

-20.86%

-18.67%

-2.19%

Current Drawdown

Current decline from peak

-1.07%

-1.19%

+0.12%

Average Drawdown

Average peak-to-trough decline

-5.19%

-3.31%

-1.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.95%

3.56%

-0.61%

Volatility

EUFM.L vs. UD03.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) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (UD03.L) at 3.58%. This indicates that EUFM.L's price experiences larger fluctuations and is considered to be riskier than UD03.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EUFM.LUD03.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.00%

3.58%

+0.42%

Volatility (6M)

Calculated over the trailing 6-month period

10.33%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

12.33%

16.13%

-3.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.53%

27.46%

-12.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.13%

47.29%

-31.16%

EUFM.L vs. UD03.L - Expense Ratio Comparison

EUFM.L has a 0.34% expense ratio, which is higher than UD03.L's 0.28% expense ratio.

Dividends

EUFM.L vs. UD03.L - Dividend Comparison

EUFM.L has not paid dividends to shareholders, while UD03.L's dividend yield for the trailing twelve months is around 2.54%.

PositionTTM202520242023202220212020
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%
UD03.L
UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis		2.54%2.97%2.84%3.67%3.96%3.50%2.07%

Frequently Asked Questions

EUFM.L and UD03.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, UD03.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UD03.L is cheaper with a 0.28% expense ratio, compared with 0.34% for EUFM.L.

Both ETFs track MSCI EMU NR EUR. Their fees differ too: 0.34% for EUFM.L and 0.28% for UD03.L.

Portfolio Optimizer

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