KRWL.L vs. UB20.L

Last updated Jun 26, 2026

KRWL.L (Lyxor MSCI Korea UCITS ETF - Acc) and UB20.L (UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis) are both Asia Pacific Equities funds - KRWL.L tracks the MSCI Korea NR USD while UB20.L tracks the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past 10 years, KRWL.L returned 17.72%/yr vs 8.14%/yr for UB20.L. A 0.60 correlation means they provide meaningful diversification when combined. KRWL.L charges 0.45%/yr vs 0.30%/yr for UB20.L.

Performance

KRWL.L vs. UB20.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor MSCI Korea UCITS ETF - Acc (KRWL.L) and UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (UB20.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KRWL.L achieves a 110.31% return, which is significantly higher than UB20.L's 8.56% return. Over the past 10 years, KRWL.L has outperformed UB20.L with an annualized return of 17.72%, while UB20.L has yielded a comparatively lower 8.14% annualized return.

KRWL.L

• 1D: 2.63%
• 1M: 4.27%
• YTD: 110.31%
• 6M: 120.96%
• 1Y: 205.53%
• 3Y*: 48.22%
• 5Y*: 19.85%
• 10Y*: 17.72%

UB20.L

• 1D: -0.42%
• 1M: -0.30%
• YTD: 8.56%
• 6M: 8.10%
• 1Y: 16.54%
• 3Y*: 11.55%
• 5Y*: 5.92%
• 10Y*: 8.14%

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

KRWL.L vs. UB20.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KRWL.L Lyxor MSCI Korea UCITS ETF - Acc	110.31%	86.86%	-21.27%	13.04%	-19.64%	-7.54%	38.43%	7.15%	-16.77%	32.35%
UB20.L UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis	8.56%	12.00%	6.98%	-0.10%	5.26%	5.29%	3.52%	14.10%	-5.54%	14.53%

Correlation

The correlation between KRWL.L and UB20.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jun 28, 2012	0.60

The correlation between KRWL.L and UB20.L shifts across timeframes, from 0.46 (1 year) to 0.62 (10 years), reflecting how their relationship changes across market environments.

KRWL.L vs. UB20.L - Sectors Allocation Comparison

Sectors	KRWL.L	UB20.L
Technology	39.8%	1.0%
Healthcare	15.9%	3.3%
Consumer Cyclical	12.6%	6.3%
Consumer Defensive	8.6%	3.0%
Communication Services	6.5%	2.6%
Industrials	6.3%	8.5%
Financial Services	4.5%	45.1%
Utilities	3.4%	3.5%
Energy	2.3%	2.7%
Real Estate	2.0%	7.8%
Basic Materials	0.1%	16.3%

Return for Risk

KRWL.L vs. UB20.L — Risk / Return Rank

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

KRWL.L

KRWL.L Risk / Return Rank: 97
KRWL.L Sharpe Ratio Rank: 98
KRWL.L Sortino Ratio Rank: 95
KRWL.L Omega Ratio Rank: 96
KRWL.L Calmar Ratio Rank: 97
KRWL.L Martin Ratio Rank: 96

UB20.L

UB20.L Risk / Return Rank: 47
UB20.L Sharpe Ratio Rank: 46
UB20.L Sortino Ratio Rank: 49
UB20.L Omega Ratio Rank: 46
UB20.L Calmar Ratio Rank: 51
UB20.L Martin Ratio Rank: 43

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.

KRWL.L vs. UB20.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI Korea UCITS ETF - Acc (KRWL.L) and UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (UB20.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.

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.

	KRWL.L	UB20.L	Difference
Sharpe ratio: Return per unit of total volatility	5.12	1.47	+3.65
Sortino ratio: Return per unit of downside risk	4.71	2.18	+2.53
Omega ratio: Gain probability vs. loss probability	1.70	1.27	+0.44
Calmar ratio: Return relative to maximum drawdown	9.47	2.25	+7.22
Martin ratio: Return relative to average drawdown	32.12	6.49	+25.63

KRWL.L vs. UB20.L - Sharpe Ratio Comparison

The current KRWL.L Sharpe Ratio is 5.12, which is higher than the UB20.L Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of KRWL.L and UB20.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.

Drawdowns

KRWL.L vs. UB20.L - Drawdown Comparison

The maximum KRWL.L drawdown since its inception was -99.01%, which is greater than UB20.L's maximum drawdown of -32.34%. Use the drawdown chart below to compare losses from any high point for KRWL.L and UB20.L.

Drawdown Indicators

	KRWL.L	UB20.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.01%	-32.34%	-66.67%
Max Drawdown (1Y) Largest decline over 1 year	-21.55%	-7.32%	-14.23%
Max Drawdown (3Y) Largest decline over 3 years	-28.42%	-17.80%	-10.62%
Max Drawdown (5Y) Largest decline over 5 years	-40.54%	-17.80%	-22.74%
Max Drawdown (10Y) Largest decline over 10 years	-99.01%	-32.34%	-66.67%
Current Drawdown Current decline from peak	-7.23%	-3.32%	-3.91%
Average Drawdown Average peak-to-trough decline	-16.75%	-6.50%	-10.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.37%	2.54%	+3.83%

Volatility

KRWL.L vs. UB20.L - Volatility Comparison

Lyxor MSCI Korea UCITS ETF - Acc (KRWL.L) has a higher volatility of 18.80% compared to UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (UB20.L) at 3.82%. This indicates that KRWL.L's price experiences larger fluctuations and is considered to be riskier than UB20.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KRWL.L	UB20.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.80%	3.82%	+14.98%
Volatility (6M) Calculated over the trailing 6-month period	35.99%	8.92%	+27.07%
Volatility (1Y) Calculated over the trailing 1-year period	39.91%	11.21%	+28.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.31%	14.00%	+12.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2,803.17%	15.75%	+2,787.42%

KRWL.L vs. UB20.L - Expense Ratio Comparison

KRWL.L has a 0.45% expense ratio, which is higher than UB20.L's 0.30% expense ratio.

Dividends

KRWL.L vs. UB20.L - Dividend Comparison

KRWL.L has not paid dividends to shareholders, while UB20.L's dividend yield for the trailing twelve months is around 2.93%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KRWL.L Lyxor MSCI Korea 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%
UB20.L UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis	2.93%	3.86%	3.26%	3.96%	3.66%	2.60%	3.05%	4.08%	4.33%	3.43%	4.00%	5.19%

Frequently Asked Questions

Can I hold both KRWL.L and UB20.L in my portfolio?

KRWL.L and UB20.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KRWL.L or UB20.L?

On fees, UB20.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KRWL.L or UB20.L?

UB20.L is cheaper with a 0.30% expense ratio, compared with 0.45% for KRWL.L.

What is the main difference between KRWL.L and UB20.L?

KRWL.L tracks MSCI Korea NR USD, while UB20.L tracks MSCI Pacific Ex Japan NR USD. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.45% for KRWL.L and 0.30% for UB20.L.