IUSE.L vs. UBU5.DE
IUSE.L (iShares S&P 500 EUR Hedged UCITS ETF Acc) and UBU5.DE (UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis) are both exchange-traded funds - IUSE.L is a S&P 500 fund tracking the S&P 500 EUR Hedged Index, while UBU5.DE is a Large Cap Value Equities fund tracking the MSCI USA Value. Both are passively managed. Over the past 10 years, IUSE.L returned 12.04%/yr vs 9.68%/yr for UBU5.DE. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
IUSE.L vs. UBU5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSE.L achieves a 7.54% return, which is significantly lower than UBU5.DE's 14.23% return. Over the past 10 years, IUSE.L has outperformed UBU5.DE with an annualized return of 12.04%, while UBU5.DE has yielded a comparatively lower 9.68% annualized return.
IUSE.L
- 1D
- -1.30%
- 1M
- -0.21%
- 6M
- 6.68%
- YTD
- 7.54%
- 1Y
- 17.02%
- 3Y*
- 16.87%
- 5Y*
- 10.14%
- 10Y*
- 12.04%
UBU5.DE
- 1D
- -0.27%
- 1M
- 2.51%
- 6M
- 9.82%
- YTD
- 14.23%
- 1Y
- 21.09%
- 3Y*
- 14.12%
- 5Y*
- 10.37%
- 10Y*
- 9.68%
IUSE.L vs. UBU5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSE.L iShares S&P 500 EUR Hedged UCITS ETF Acc | 7.54% | 14.95% | 23.21% | 23.05% | -21.17% | 27.85% | 14.81% | 26.33% | -8.40% | 19.04% |
UBU5.DE UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis | 14.23% | 1.27% | 20.12% | 5.47% | -1.48% | 38.86% | -9.65% | 28.22% | -4.23% | 0.98% |
Correlation
The correlation between IUSE.L and UBU5.DE 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 | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2012 | 0.70 |
The correlation between IUSE.L and UBU5.DE shifts across timeframes, from 0.56 (3 years) to 0.70 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IUSE.L vs. UBU5.DE — Risk / Return Rank
IUSE.L
UBU5.DE
IUSE.L vs. UBU5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) and UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis (UBU5.DE). 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.
| IUSE.L | UBU5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.40 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 4.40 | -2.42 |
| Martin ratioReturn relative to average drawdown | 7.93 | 15.47 | -7.54 |
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Drawdowns
IUSE.L vs. UBU5.DE - Drawdown Comparison
The maximum IUSE.L drawdown since its inception was -34.75%, roughly equal to the maximum UBU5.DE drawdown of -36.36%. Use the drawdown chart below to compare losses from any high point for IUSE.L and UBU5.DE.
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Drawdown Indicators
| IUSE.L | UBU5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.75% | -36.36% | +1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -4.70% | -3.97% |
Max Drawdown (3Y)Largest decline over 3 years | -18.33% | -19.86% | +1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -26.23% | -19.86% | -6.37% |
Max Drawdown (10Y)Largest decline over 10 years | -34.75% | -36.36% | +1.61% |
Current DrawdownCurrent decline from peak | -1.97% | -0.42% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -5.88% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.34% | +0.82% |
Volatility
IUSE.L vs. UBU5.DE - Volatility Comparison
iShares S&P 500 EUR Hedged UCITS ETF Acc (IUSE.L) has a higher volatility of 3.05% compared to UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis (UBU5.DE) at 2.22%. This indicates that IUSE.L's price experiences larger fluctuations and is considered to be riskier than UBU5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSE.L | UBU5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.22% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 9.34% | 6.27% | +3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 9.50% | +2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.07% | 13.32% | +2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.29% | 15.42% | +0.87% |
IUSE.L vs. UBU5.DE - Expense Ratio Comparison
Both IUSE.L and UBU5.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IUSE.L vs. UBU5.DE - Dividend Comparison
IUSE.L has not paid dividends to shareholders, while UBU5.DE's dividend yield for the trailing twelve months is around 1.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSE.L iShares S&P 500 EUR Hedged UCITS ETF 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% |
UBU5.DE UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis | 1.35% | 2.11% | 1.74% | 2.03% | 1.92% | 1.52% | 2.49% | 1.97% | 2.53% | 2.04% | 2.32% | 2.27% |
Frequently Asked Questions
IUSE.L and UBU5.DE 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.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IUSE.L and UBU5.DE have the same expense ratio: 0.20% per year.
IUSE.L is categorized as S&P 500, while UBU5.DE is Large Cap Value Equities. IUSE.L tracks S&P 500 EUR Hedged Index, while UBU5.DE tracks MSCI USA Value. They also come from different issuers: iShares and UBS.
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