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UB01.L vs. CMB1.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UB01.L vs. CMB1.L

Last updated Jun 25, 2026

UB01.L (UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis) and CMB1.L (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds - UB01.L tracks the MSCI EMU NR EUR while CMB1.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 10 years, UB01.L returned 12.14%/yr vs 17.17%/yr for CMB1.L. Their correlation of 0.85 suggests significant overlap in exposure. UB01.L charges 0.15%/yr vs 0.33%/yr for CMB1.L.

Performance

UB01.L vs. CMB1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis (UB01.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.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, UB01.L achieves a 8.28% return, which is significantly lower than CMB1.L's 16.95% return. Over the past 10 years, UB01.L has underperformed CMB1.L with an annualized return of 12.14%, while CMB1.L has yielded a comparatively higher 17.17% annualized return.

UB01.L

1D
-0.44%
1M
3.09%
YTD
8.28%
6M
8.84%
1Y
21.50%
3Y*
16.88%
5Y*
11.86%
10Y*
12.14%

CMB1.L

1D
-0.98%
1M
4.28%
YTD
16.95%
6M
17.58%
1Y
38.08%
3Y*
29.90%
5Y*
20.57%
10Y*
17.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UB01.L vs. CMB1.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UB01.L
UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis		8.28%27.97%6.13%20.02%-3.27%15.22%3.06%21.79%-10.74%14.39%
CMB1.L
iShares FTSE MIB UCITS ETF (Acc)		16.95%43.83%13.25%30.68%-3.56%18.29%1.52%24.83%-13.79%22.48%

Correlation

The correlation between UB01.L and CMB1.L is 0.83, 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

0.83

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

0.85

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

0.86

Correlation (10Y)
Calculated over the trailing 10-year period

0.84

Correlation (All Time)
Calculated using the full available price history since Jun 28, 2012

0.85

The correlation between UB01.L and CMB1.L has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.

UB01.L vs. CMB1.L - Sectors Allocation Comparison

Sectors
UB01.L
CMB1.L

Financial Services

24.9%
47.2%

Industrials

21.7%
11.1%

Technology

18.0%
6.0%

Consumer Cyclical

9.8%
9.2%

Consumer Defensive

5.4%
0.4%

Healthcare

5.1%
1.1%

Energy

4.8%
7.2%

Utilities

4.5%
15.3%

Basic Materials

3.4%
0.5%

Communication Services

2.4%
1.8%

Real Estate

-

0.3%

Financial Services

UB01.L
24.9%
CMB1.L
47.2%

Industrials

UB01.L
21.7%
CMB1.L
11.1%

Technology

UB01.L
18.0%
CMB1.L
6.0%

Consumer Cyclical

UB01.L
9.8%
CMB1.L
9.2%

Consumer Defensive

UB01.L
5.4%
CMB1.L
0.4%

Healthcare

UB01.L
5.1%
CMB1.L
1.1%

Energy

UB01.L
4.8%
CMB1.L
7.2%

Utilities

UB01.L
4.5%
CMB1.L
15.3%

Basic Materials

UB01.L
3.4%
CMB1.L
0.5%

Communication Services

UB01.L
2.4%
CMB1.L
1.8%

Real Estate

UB01.L

-

CMB1.L
0.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis

iShares FTSE MIB UCITS ETF (Acc)

Often compared with UB01.L:
UB01.L vs. PSRE.LUB01.L vs. SPYUB01.L vs. LDEG.LUB01.L vs. SCHDUB01.L vs. IEURUB01.L vs. EUFM.LUB01.L vs. UC96.L
Often compared with CMB1.L:
CMB1.L vs. XDEM.LCMB1.L vs. H50E.LCMB1.L vs. IITU.LCMB1.L vs. SPYCMB1.L vs. IQSA.LCMB1.L vs. X7PP.LCMB1.L vs. EQQQ.L

Return for Risk

UB01.L vs. CMB1.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UB01.L
UB01.L Risk / Return Rank: 4444
Overall Rank
UB01.L Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
UB01.L Sortino Ratio Rank: 4747
Sortino Ratio Rank
UB01.L Omega Ratio Rank: 4545
Omega Ratio Rank
UB01.L Calmar Ratio Rank: 4242
Calmar Ratio Rank
UB01.L Martin Ratio Rank: 4343
Martin Ratio Rank
CMB1.L
CMB1.L Risk / Return Rank: 8383
Overall Rank
CMB1.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
CMB1.L Sortino Ratio Rank: 8686
Sortino Ratio Rank
CMB1.L Omega Ratio Rank: 8383
Omega Ratio Rank
CMB1.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
CMB1.L Martin Ratio Rank: 7979
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.

UB01.L vs. CMB1.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis (UB01.L) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.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.

UB01.LCMB1.LDifference
Sharpe ratioReturn per unit of total volatility
1.42
2.52

-1.09

Sortino ratioReturn per unit of downside risk
2.09
3.39

-1.30

Omega ratioGain probability vs. loss probability

1.26

1.44

-0.18

Calmar ratioReturn relative to maximum drawdown

1.88

3.67

-1.79

Martin ratioReturn relative to average drawdown

6.30

13.44

-7.14

UB01.L vs. CMB1.L - Sharpe Ratio Comparison

The current UB01.L Sharpe Ratio is 1.42, which is lower than the CMB1.L Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of UB01.L and CMB1.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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Drawdowns

UB01.L vs. CMB1.L - Drawdown Comparison

The maximum UB01.L drawdown since its inception was -31.70%, smaller than the maximum CMB1.L drawdown of -56.05%. Use the drawdown chart below to compare losses from any high point for UB01.L and CMB1.L.

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Drawdown Indicators

UB01.LCMB1.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.70%

-56.05%

+24.35%

Max Drawdown (1Y)

Largest decline over 1 year

-11.38%

-10.32%

-1.06%

Max Drawdown (3Y)

Largest decline over 3 years

-13.92%

-15.62%

+1.70%

Max Drawdown (5Y)

Largest decline over 5 years

-21.64%

-24.19%

+2.55%

Max Drawdown (10Y)

Largest decline over 10 years

-31.70%

-36.61%

+4.91%

Current Drawdown

Current decline from peak

-2.39%

-2.87%

+0.48%

Average Drawdown

Average peak-to-trough decline

-5.14%

-15.21%

+10.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.41%

2.83%

+0.58%

Volatility

UB01.L vs. CMB1.L - Volatility Comparison

The current volatility for UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis (UB01.L) is 3.70%, while iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) has a volatility of 4.06%. This indicates that UB01.L experiences smaller price fluctuations and is considered to be less risky than CMB1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UB01.LCMB1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.70%

4.06%

-0.36%

Volatility (6M)

Calculated over the trailing 6-month period

12.39%

12.41%

-0.02%

Volatility (1Y)

Calculated over the trailing 1-year period

15.09%

15.11%

-0.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.23%

18.01%

-0.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.81%

20.12%

-2.31%

UB01.L vs. CMB1.L - Expense Ratio Comparison

UB01.L has a 0.15% expense ratio, which is lower than CMB1.L's 0.33% expense ratio.

Dividends

UB01.L vs. CMB1.L - Dividend Comparison

UB01.L's dividend yield for the trailing twelve months is around 2.52%, while CMB1.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CMB1.L
iShares FTSE MIB 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%
UB01.L
UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis		2.52%2.43%3.13%2.83%2.77%1.95%1.96%3.06%2.90%2.90%3.45%3.56%

Frequently Asked Questions

UB01.L and CMB1.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, UB01.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UB01.L is cheaper with a 0.15% expense ratio, compared with 0.33% for CMB1.L.

UB01.L tracks MSCI EMU NR EUR, while CMB1.L tracks FTSE Italia AllShare TR EUR. They also come from different issuers: UBS and iShares. Their fees differ too: 0.15% for UB01.L and 0.33% for CMB1.L.

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