TEET.L vs. UD03.L

Last updated Jul 21, 2026

TEET.L (VanEck European Equal Weight Screened UCITS ETF USD (Dist)) and UD03.L (UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis) are both Europe Equities funds - TEET.L tracks the Solactive European Equal Weight Screened Index while UD03.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, TEET.L returned 11.71%/yr vs 10.25%/yr for UD03.L. Their correlation of 0.84 suggests significant overlap in exposure. TEET.L charges 0.40%/yr vs 0.28%/yr for UD03.L.

Performance

TEET.L vs. UD03.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck European Equal Weight Screened UCITS ETF USD (Dist) (TEET.L) and UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (UD03.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TEET.L is traded in USD, while UD03.L is traded in GBp. To make them comparable, the UD03.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TEET.L achieves a 6.81% return, which is significantly lower than UD03.L's 15.74% return. Over the past 10 years, TEET.L has outperformed UD03.L with an annualized return of 11.71%, while UD03.L has yielded a comparatively lower 10.25% annualized return.

TEET.L

• 1D: -0.35%
• 1M: -0.24%
• 6M: 5.97%
• YTD: 6.81%
• 1Y: 16.54%
• 3Y*: 16.83%
• 5Y*: 10.64%
• 10Y*: 11.71%
• ALL TIME*: 9.66%

UD03.L

• 1D: -0.32%
• 1M: 2.01%
• 6M: 17.38%
• YTD: 15.74%
• 1Y: 24.71%
• 3Y*: 16.37%
• 5Y*: 10.81%
• 10Y*: 10.25%
• ALL TIME*: 5.43%

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

TEET.L vs. UD03.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TEET.L VanEck European Equal Weight Screened UCITS ETF USD (Dist)	6.81%	36.69%	5.24%	23.87%	-16.69%	17.73%	5.97%	39.97%	-9.19%	10.18%
UD03.L UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis	15.74%	33.51%	-0.19%	21.05%	-12.52%	10.77%	8.80%	21.33%	-18.63%	27.74%

Correlation

The correlation between TEET.L and UD03.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Aug 18, 2015	0.84

The correlation between TEET.L and UD03.L has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.

TEET.L vs. UD03.L - Sectors Allocation Comparison

Sectors	TEET.L	UD03.L
Financial Services	38.5%	32.7%
Industrials	23.0%	13.6%
Technology	10.5%	8.5%
Healthcare	10.2%	6.9%
Consumer Cyclical	8.3%	7.9%
Basic Materials	3.0%	2.6%
Communication Services	2.6%	2.8%
Utilities	1.9%	7.4%
Energy	1.3%	2.2%
Real Estate	0.8%	-
Consumer Defensive	-	15.6%

Return for Risk

TEET.L vs. UD03.L — Risk / Return Rank

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

TEET.L

TEET.L Risk / Return Rank: 39
TEET.L Sharpe Ratio Rank: 38
TEET.L Sortino Ratio Rank: 39
TEET.L Omega Ratio Rank: 38
TEET.L Calmar Ratio Rank: 37
TEET.L Martin Ratio Rank: 43

UD03.L

UD03.L Risk / Return Rank: 76
UD03.L Sharpe Ratio Rank: 83
UD03.L Sortino Ratio Rank: 79
UD03.L Omega Ratio Rank: 84
UD03.L Calmar Ratio Rank: 66
UD03.L Martin Ratio Rank: 68

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.

TEET.L vs. UD03.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck European Equal Weight Screened UCITS ETF USD (Dist) (TEET.L) and UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (UD03.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.

	TEET.L	UD03.L	Difference
Sharpe ratio: Return per unit of total volatility	1.02	1.76	-0.74
Sortino ratio: Return per unit of downside risk	1.56	2.45	-0.89
Omega ratio: Gain probability vs. loss probability	1.19	1.31	-0.12
Calmar ratio: Return relative to maximum drawdown	1.41	2.29	-0.88
Martin ratio: Return relative to average drawdown	5.12	7.88	-2.76

TEET.L vs. UD03.L - Sharpe Ratio Comparison

The current TEET.L Sharpe Ratio is 1.02, which is lower than the UD03.L Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of TEET.L and UD03.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

TEET.L vs. UD03.L - Drawdown Comparison

The maximum TEET.L drawdown since its inception was -37.34%, smaller than the maximum UD03.L drawdown of -47.26%. Use the drawdown chart below to compare losses from any high point for TEET.L and UD03.L.

Drawdown Indicators

	TEET.L	UD03.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.34%	-47.26%	+9.92%
Max Drawdown (1Y) Largest decline over 1 year	-12.35%	-10.75%	-1.60%
Max Drawdown (3Y) Largest decline over 3 years	-15.53%	-14.55%	-0.98%
Max Drawdown (5Y) Largest decline over 5 years	-34.03%	-33.73%	-0.30%
Max Drawdown (10Y) Largest decline over 10 years	-37.34%	-46.92%	+9.58%
Current Drawdown Current decline from peak	-2.06%	-1.15%	-0.91%
Average Drawdown Average peak-to-trough decline	-7.20%	-13.06%	+5.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	3.13%	+0.26%

Volatility

TEET.L vs. UD03.L - Volatility Comparison

VanEck European Equal Weight Screened UCITS ETF USD (Dist) (TEET.L) has a higher volatility of 4.61% compared to UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (UD03.L) at 3.30%. This indicates that TEET.L's price experiences larger fluctuations and is considered to be riskier than UD03.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEET.L	UD03.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.61%	3.30%	+1.31%
Volatility (6M) Calculated over the trailing 6-month period	14.78%	11.46%	+3.32%
Volatility (1Y) Calculated over the trailing 1-year period	17.11%	14.01%	+3.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.74%	18.23%	+0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.10%	18.85%	+0.25%

TEET.L vs. UD03.L - Expense Ratio Comparison

TEET.L has a 0.40% expense ratio, which is higher than UD03.L's 0.28% expense ratio.

Dividends

TEET.L vs. UD03.L - Dividend Comparison

TEET.L's dividend yield for the trailing twelve months is around 2.68%, more than UD03.L's 2.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TEET.L VanEck European Equal Weight Screened UCITS ETF USD (Dist)	2.68%	2.41%	2.84%	2.58%	2.92%	2.60%	2.20%	3.69%	4.29%	2.69%
UD03.L UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis	2.46%	2.98%	2.83%	3.66%	3.82%	3.47%	2.06%	3.57%	4.89%	2.14%

Frequently Asked Questions

Can I hold both TEET.L and UD03.L in my portfolio?

TEET.L and UD03.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TEET.L or UD03.L?

On fees, UD03.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEET.L or UD03.L?

UD03.L is cheaper with a 0.28% expense ratio, compared with 0.40% for TEET.L.

What is the main difference between TEET.L and UD03.L?

TEET.L tracks Solactive European Equal Weight Screened Index, while UD03.L tracks MSCI EMU NR EUR. They also come from different issuers: VanEck and UBS. Their fees differ too: 0.40% for TEET.L and 0.28% for UD03.L.