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IUVF.L vs. UC96.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUVF.L vs. UC96.L

Last updated Jun 5, 2026

IUVF.L (iShares Edge MSCI USA Value Factor UCITS) and UC96.L (UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis) are both Large Cap Value Equities funds tracking the Russell 1000 Value TR USD, from iShares and UBS respectively. Both are passively managed. Over the past 5 years, IUVF.L returned 16.97%/yr vs 8.01%/yr for UC96.L. Their correlation of 0.85 suggests significant overlap in exposure. IUVF.L charges 0.20%/yr vs 0.25%/yr for UC96.L.

Performance

IUVF.L vs. UC96.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI USA Value Factor UCITS (IUVF.L) and UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.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, IUVF.L achieves a 46.62% return, which is significantly higher than UC96.L's 6.54% return.

IUVF.L

1D
-0.97%
1M
16.86%
YTD
46.62%
6M
49.54%
1Y
90.82%
3Y*
29.97%
5Y*
16.97%
10Y*
—

UC96.L

1D
0.76%
1M
4.51%
YTD
6.54%
6M
6.76%
1Y
19.26%
3Y*
9.16%
5Y*
8.01%
10Y*
10.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUVF.L vs. UC96.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IUVF.L
iShares Edge MSCI USA Value Factor UCITS		46.62%23.92%8.23%8.28%-4.63%31.29%-5.36%22.90%-7.17%10.45%
UC96.L
UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis		6.54%3.55%8.94%8.61%1.61%29.15%1.32%19.93%-2.52%7.87%

Correlation

The correlation between IUVF.L and UC96.L is 0.70, 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

0.70

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

0.82

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

0.86

Correlation (All Time)
Calculated using the full available price history since Nov 3, 2016

0.85

The correlation between IUVF.L and UC96.L shifts across timeframes, from 0.70 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.

IUVF.L vs. UC96.L - Sectors Allocation Comparison

Sectors
IUVF.L
UC96.L

Technology

50.9%
21.1%

Financial Services

9.1%
18.7%

Healthcare

7.9%
19.0%

Consumer Cyclical

7.6%
4.0%

Communication Services

7.2%
4.3%

Industrials

6.4%
19.5%

Consumer Defensive

3.6%
5.2%

Energy

2.7%
1.9%

Utilities

1.7%
0.5%

Real Estate

1.6%

-

Basic Materials

1.4%
5.7%

Technology

IUVF.L
50.9%
UC96.L
21.1%

Financial Services

IUVF.L
9.1%
UC96.L
18.7%

Healthcare

IUVF.L
7.9%
UC96.L
19.0%

Consumer Cyclical

IUVF.L
7.6%
UC96.L
4.0%

Communication Services

IUVF.L
7.2%
UC96.L
4.3%

Industrials

IUVF.L
6.4%
UC96.L
19.5%

Consumer Defensive

IUVF.L
3.6%
UC96.L
5.2%

Energy

IUVF.L
2.7%
UC96.L
1.9%

Utilities

IUVF.L
1.7%
UC96.L
0.5%

Real Estate

IUVF.L
1.6%
UC96.L

-

Basic Materials

IUVF.L
1.4%
UC96.L
5.7%

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iShares Edge MSCI USA Value Factor UCITS

UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis

Often compared with IUVF.L:
IUVF.L vs. VTVIUVF.L vs. VLUEIUVF.L vs. VIVAXIUVF.L vs. EWSP.LIUVF.L vs. JREG.LIUVF.L vs. JREU.LIUVF.L vs. URTH
Often compared with UC96.L:
UC96.L vs. VEUA.LUC96.L vs. NASL.LUC96.L vs. MXUS.LUC96.L vs. IEFV.LUC96.L vs. VWRP.LUC96.L vs. EQQQ.LUC96.L vs. USSC.L

Return for Risk

IUVF.L vs. UC96.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUVF.L
IUVF.L Risk / Return Rank: 9898
Overall Rank
IUVF.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
IUVF.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
IUVF.L Omega Ratio Rank: 9898
Omega Ratio Rank
IUVF.L Calmar Ratio Rank: 9898
Calmar Ratio Rank
IUVF.L Martin Ratio Rank: 9898
Martin Ratio Rank
UC96.L
UC96.L Risk / Return Rank: 5454
Overall Rank
UC96.L Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
UC96.L Sortino Ratio Rank: 5555
Sortino Ratio Rank
UC96.L Omega Ratio Rank: 5151
Omega Ratio Rank
UC96.L Calmar Ratio Rank: 5757
Calmar Ratio Rank
UC96.L Martin Ratio Rank: 5353
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.

IUVF.L vs. UC96.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor UCITS (IUVF.L) and UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.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.

IUVF.LUC96.LDifference
Sharpe ratioReturn per unit of total volatility
5.93
1.80

+4.12

Sortino ratioReturn per unit of downside risk
7.82
2.59

+5.23

Omega ratioGain probability vs. loss probability

2.05

1.32

+0.73

Calmar ratioReturn relative to maximum drawdown

15.82

2.79

+13.03

Martin ratioReturn relative to average drawdown

61.43

9.08

+52.35

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

IUVF.L vs. UC96.L - Sharpe Ratio Comparison

The current IUVF.L Sharpe Ratio is 5.93, which is higher than the UC96.L Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of IUVF.L and UC96.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

IUVF.LUC96.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

5.93

1.80

+4.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.06

0.57

+0.49

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.69

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.83

0.73

+0.10

Drawdowns

IUVF.L vs. UC96.L - Drawdown Comparison

The maximum IUVF.L drawdown since its inception was -31.83%, which is greater than UC96.L's maximum drawdown of -27.20%. Use the drawdown chart below to compare losses from any high point for IUVF.L and UC96.L.

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Drawdown Indicators

IUVF.LUC96.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.83%

-27.20%

-4.63%

Max Drawdown (1Y)

Largest decline over 1 year

-5.71%

-6.87%

+1.16%

Max Drawdown (3Y)

Largest decline over 3 years

-20.13%

-19.43%

-0.70%

Max Drawdown (5Y)

Largest decline over 5 years

-20.13%

-19.43%

-0.70%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.20%

—

Current Drawdown

Current decline from peak

-0.97%

0.00%

-0.97%

Average Drawdown

Average peak-to-trough decline

-5.67%

-4.30%

-1.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.47%

2.12%

-0.65%

Volatility

IUVF.L vs. UC96.L - Volatility Comparison

iShares Edge MSCI USA Value Factor UCITS (IUVF.L) has a higher volatility of 6.56% compared to UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.L) at 2.93%. This indicates that IUVF.L's price experiences larger fluctuations and is considered to be riskier than UC96.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IUVF.LUC96.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.56%

2.93%

+3.63%

Volatility (6M)

Calculated over the trailing 6-month period

12.10%

7.52%

+4.58%

Volatility (1Y)

Calculated over the trailing 1-year period

15.24%

10.64%

+4.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.94%

14.04%

+1.90%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.43%

15.94%

+2.49%

IUVF.L vs. UC96.L - Expense Ratio Comparison

IUVF.L has a 0.20% expense ratio, which is lower than UC96.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IUVF.L vs. UC96.L - Dividend Comparison

IUVF.L has not paid dividends to shareholders, while UC96.L's dividend yield for the trailing twelve months is around 0.01%.

PositionTTM2025202420232022202120202019201820172016
IUVF.L
iShares Edge MSCI USA Value Factor UCITS		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
UC96.L
UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis		0.01%0.01%0.01%0.78%0.02%0.02%0.02%0.01%0.02%0.02%0.01%

Frequently Asked Questions

IUVF.L and UC96.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

IUVF.L is cheaper with a 0.20% expense ratio, compared with 0.25% for UC96.L.

Both ETFs track Russell 1000 Value TR USD. They also come from different issuers: iShares and UBS. Their fees differ too: 0.20% for IUVF.L and 0.25% for UC96.L.

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