IUVL.L vs. UC96.L

Last updated Apr 3, 2026

Compare and contrast key facts about iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) (IUVL.L) and UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.L).

IUVL.L and UC96.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IUVL.L is a passively managed fund by iShares that tracks the performance of the MSCI USA Enhanced Value Index. It was launched on Feb 23, 2018. UC96.L is a passively managed fund by UBS that tracks the performance of the Russell 1000 Value TR USD. It was launched on Aug 26, 2015. Both IUVL.L and UC96.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IUVL.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 ETF USD (Acc) (IUVL.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.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUVL.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc)	5.34%	33.07%	6.49%	14.53%	-14.87%	29.80%	-1.49%	25.93%	-12.11%	21.68%
UC96.L UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis	-2.62%	11.36%	7.13%	14.34%	-9.25%	27.98%	4.42%	24.74%	-8.04%	18.14%

Different Trading Currencies

IUVL.L is traded in USD, while UC96.L is traded in GBp. To make them comparable, the UC96.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IUVL.L achieves a 5.34% return, which is significantly higher than UC96.L's -2.62% return.

IUVL.L

• 1D: -0.29%
• 1M: -0.72%
• YTD: 5.34%
• 6M: 15.62%
• 1Y: 37.70%
• 3Y*: 18.45%
• 5Y*: 9.46%
• 10Y*: —

UC96.L

• 1D: -0.16%
• 1M: -4.46%
• YTD: -2.62%
• 6M: 1.19%
• 1Y: 9.23%
• 3Y*: 9.26%
• 5Y*: 6.31%
• 10Y*: 9.43%

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

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

IUVL.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%.

UC96.L

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

IUVL.L

iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc)

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IUVL.L

IUVL.L Risk / Return Rank: 93
IUVL.L Sharpe Ratio Rank: 91
IUVL.L Sortino Ratio Rank: 92
IUVL.L Omega Ratio Rank: 89
IUVL.L Calmar Ratio Rank: 96
IUVL.L Martin Ratio Rank: 97

UC96.L

UC96.L Risk / Return Rank: 35
UC96.L Sharpe Ratio Rank: 26
UC96.L Sortino Ratio Rank: 25
UC96.L Omega Ratio Rank: 24
UC96.L Calmar Ratio Rank: 54
UC96.L Martin Ratio Rank: 45

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.

IUVL.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 ETF USD (Acc) (IUVL.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.

	IUVL.L	UC96.L	Difference
Sharpe ratio Return per unit of total volatility	2.07	0.61	+1.46
Sortino ratio Return per unit of downside risk	2.79	0.94	+1.85
Omega ratio Gain probability vs. loss probability	1.39	1.12	+0.27
Calmar ratio Return relative to maximum drawdown	5.13	1.50	+3.63
Martin ratio Return relative to average drawdown	20.97	5.45	+15.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current IUVL.L Sharpe Ratio is 2.07, which is higher than the UC96.L Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of IUVL.L and UC96.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IUVL.L	UC96.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	0.61	+1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.41	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.58	+0.02

Correlation

The correlation between IUVL.L and UC96.L is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IUVL.L vs. UC96.L - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IUVL.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc)	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%

Drawdowns

IUVL.L vs. UC96.L - Drawdown Comparison

The maximum IUVL.L drawdown since its inception was -39.73%, which is greater than UC96.L's maximum drawdown of -35.47%. Use the drawdown chart below to compare losses from any high point for IUVL.L and UC96.L.

Drawdown Indicators

	IUVL.L	UC96.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.73%	-27.20%	-12.53%
Max Drawdown (1Y) Largest decline over 1 year	-9.82%	-6.87%	-2.95%
Max Drawdown (5Y) Largest decline over 5 years	-26.70%	-19.43%	-7.27%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.20%	—
Current Drawdown Current decline from peak	-5.20%	-4.81%	-0.39%
Average Drawdown Average peak-to-trough decline	-7.40%	-4.34%	-3.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	2.16%	-0.09%

Volatility

IUVL.L vs. UC96.L - Volatility Comparison

iShares Edge MSCI USA Value Factor UCITS ETF USD (Acc) (IUVL.L) has a higher volatility of 6.26% compared to UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.L) at 4.22%. This indicates that IUVL.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.

Volatility by Period

	IUVL.L	UC96.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.26%	4.22%	+2.04%
Volatility (6M) Calculated over the trailing 6-month period	10.93%	7.95%	+2.98%
Volatility (1Y) Calculated over the trailing 1-year period	18.10%	15.06%	+3.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.47%	15.26%	+2.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.83%	16.54%	+2.29%