SBEM.L vs. UC07.L
SBEM.L (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis) and UC07.L (UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis) are both exchange-traded funds - SBEM.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD, while UC07.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD. Both are passively managed. Over the past 10 years, SBEM.L returned 4.55%/yr vs 11.17%/yr for UC07.L. At a 0.49 correlation, their price movements are largely independent. SBEM.L charges 0.42%/yr vs 0.20%/yr for UC07.L.
Performance
SBEM.L vs. UC07.L - Performance Comparison
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Returns By Period
In the year-to-date period, SBEM.L achieves a 2.48% return, which is significantly lower than UC07.L's 10.79% return. Over the past 10 years, SBEM.L has underperformed UC07.L with an annualized return of 4.55%, while UC07.L has yielded a comparatively higher 11.17% annualized return.
SBEM.L
- 1D
- 0.23%
- 1M
- 2.35%
- YTD
- 2.48%
- 6M
- 2.78%
- 1Y
- 14.55%
- 3Y*
- 8.68%
- 5Y*
- 3.47%
- 10Y*
- 4.55%
UC07.L
- 1D
- 0.70%
- 1M
- 3.94%
- YTD
- 10.79%
- 6M
- 11.16%
- 1Y
- 23.90%
- 3Y*
- 13.53%
- 5Y*
- 10.41%
- 10Y*
- 11.17%
SBEM.L vs. UC07.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBEM.L UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis | 2.48% | 7.42% | 9.46% | 5.94% | -10.24% | -1.29% | 1.28% | 10.91% | 1.42% | 0.47% |
UC07.L UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis | 10.79% | 5.98% | 15.41% | 3.09% | 4.71% | 28.76% | -3.62% | 20.51% | -3.14% | 4.81% |
Correlation
The correlation between SBEM.L and UC07.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2016 | 0.49 |
The correlation between SBEM.L and UC07.L shifts across timeframes, from 0.38 (5 years) to 0.49 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SBEM.L vs. UC07.L — Risk / Return Rank
SBEM.L
UC07.L
SBEM.L vs. UC07.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis (SBEM.L) and UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis (UC07.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.
| SBEM.L | UC07.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.48 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 4.38 | -0.28 |
| Martin ratioReturn relative to average drawdown | 11.84 | 16.39 | -4.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SBEM.L | UC07.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 2.70 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.83 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.75 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.76 | -0.27 |
Drawdowns
SBEM.L vs. UC07.L - Drawdown Comparison
The maximum SBEM.L drawdown since its inception was -21.61%, smaller than the maximum UC07.L drawdown of -28.73%. Use the drawdown chart below to compare losses from any high point for SBEM.L and UC07.L.
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Drawdown Indicators
| SBEM.L | UC07.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.61% | -28.73% | +7.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.53% | -5.43% | +1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -9.79% | -16.76% | +6.97% |
Max Drawdown (5Y)Largest decline over 5 years | -17.20% | -16.76% | -0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -21.61% | -28.73% | +7.12% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.26% | -3.95% | -3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 1.45% | -0.22% |
Volatility
SBEM.L vs. UC07.L - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis (SBEM.L) is 1.66%, while UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis (UC07.L) has a volatility of 2.20%. This indicates that SBEM.L experiences smaller price fluctuations and is considered to be less risky than UC07.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBEM.L | UC07.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 2.20% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 4.58% | 6.17% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.47% | 8.80% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.85% | 12.52% | -3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.88% | 14.84% | -3.96% |
SBEM.L vs. UC07.L - Expense Ratio Comparison
SBEM.L has a 0.42% expense ratio, which is higher than UC07.L's 0.20% expense ratio.
Dividends
SBEM.L vs. UC07.L - Dividend Comparison
SBEM.L's dividend yield for the trailing twelve months is around 6.53%, more than UC07.L's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBEM.L UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis | 6.53% | 7.69% | 6.28% | 6.49% | 5.72% | 4.35% | 4.92% | 4.83% | 4.47% | 4.84% | 2.27% | 0.00% |
UC07.L UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis | 1.38% | 2.05% | 1.79% | 2.04% | 1.81% | 1.59% | 2.41% | 2.08% | 2.49% | 2.01% | 2.18% | 2.25% |
Frequently Asked Questions
SBEM.L and UC07.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UC07.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UC07.L is cheaper with a 0.20% expense ratio, compared with 0.42% for SBEM.L.
SBEM.L is categorized as Emerging Markets Bonds, while UC07.L is Large Cap Value Equities. SBEM.L tracks JPM EMBI Global Diversified TR USD, while UC07.L tracks Russell 1000 Value TR USD. Their fees differ too: 0.42% for SBEM.L and 0.20% for UC07.L.
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