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

UB01.L vs. MVEU.L

Last updated Jun 25, 2026

UB01.L (UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds - UB01.L tracks the MSCI EMU NR EUR while MVEU.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, UB01.L returned 12.14%/yr vs 7.98%/yr for MVEU.L. A 0.76 correlation means they provide meaningful diversification when combined. UB01.L charges 0.15%/yr vs 0.25%/yr for MVEU.L.

Performance

UB01.L vs. MVEU.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 Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

UB01.L is traded in GBp, while MVEU.L is traded in EUR. To make them comparable, the MVEU.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, UB01.L achieves a 8.28% return, which is significantly higher than MVEU.L's 5.99% return. Over the past 10 years, UB01.L has outperformed MVEU.L with an annualized return of 12.14%, while MVEU.L has yielded a comparatively lower 7.98% 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%

MVEU.L

1D
0.50%
1M
-0.08%
YTD
5.99%
6M
6.28%
1Y
10.48%
3Y*
11.60%
5Y*
7.13%
10Y*
7.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UB01.L vs. MVEU.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%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		5.99%17.63%6.71%8.45%-8.16%14.46%1.57%15.47%-2.87%14.16%

Correlation

The correlation between UB01.L and MVEU.L is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.55

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

0.62

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

0.68

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

0.74

Correlation (All Time)
Calculated using the full available price history since Nov 30, 2012

0.76

Over the past year, the correlation between UB01.L and MVEU.L has dropped to 0.55 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

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

Sectors
UB01.L
MVEU.L

Financial Services

24.9%
17.6%

Industrials

21.7%
15.6%

Technology

18.0%
3.4%

Consumer Cyclical

9.8%
3.6%

Consumer Defensive

5.4%
14.1%

Healthcare

5.1%
12.3%

Energy

4.8%
6.9%

Utilities

4.5%
10.1%

Basic Materials

3.4%
5.1%

Communication Services

2.4%
9.0%

Real Estate

-

1.5%

Financial Services

UB01.L
24.9%
MVEU.L
17.6%

Industrials

UB01.L
21.7%
MVEU.L
15.6%

Technology

UB01.L
18.0%
MVEU.L
3.4%

Consumer Cyclical

UB01.L
9.8%
MVEU.L
3.6%

Consumer Defensive

UB01.L
5.4%
MVEU.L
14.1%

Healthcare

UB01.L
5.1%
MVEU.L
12.3%

Energy

UB01.L
4.8%
MVEU.L
6.9%

Utilities

UB01.L
4.5%
MVEU.L
10.1%

Basic Materials

UB01.L
3.4%
MVEU.L
5.1%

Communication Services

UB01.L
2.4%
MVEU.L
9.0%

Real Estate

UB01.L

-

MVEU.L
1.5%

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 Edge MSCI Europe Minimum Volatility UCITS ETF EUR (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 MVEU.L:
MVEU.L vs. SVOLMVEU.L vs. VTMVEU.L vs. FLXD.LMVEU.L vs. EUHD.LMVEU.L vs. CS1.LMVEU.L vs. CSP1.LMVEU.L vs. IITU.L

Return for Risk

UB01.L vs. MVEU.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
MVEU.L
MVEU.L Risk / Return Rank: 3131
Overall Rank
MVEU.L Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
MVEU.L Sortino Ratio Rank: 3131
Sortino Ratio Rank
MVEU.L Omega Ratio Rank: 3131
Omega Ratio Rank
MVEU.L Calmar Ratio Rank: 3030
Calmar Ratio Rank
MVEU.L Martin Ratio Rank: 3232
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. MVEU.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 Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.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.LMVEU.LDifference
Sharpe ratioReturn per unit of total volatility
1.42
1.17

+0.25

Sortino ratioReturn per unit of downside risk
2.09
1.63

+0.46

Omega ratioGain probability vs. loss probability

1.26

1.21

+0.05

Calmar ratioReturn relative to maximum drawdown

1.88

1.25

+0.63

Martin ratioReturn relative to average drawdown

6.30

3.71

+2.59

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

The current UB01.L Sharpe Ratio is 1.42, which is comparable to the MVEU.L Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of UB01.L and MVEU.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. MVEU.L - Drawdown Comparison

The maximum UB01.L drawdown since its inception was -31.70%, which is greater than MVEU.L's maximum drawdown of -23.74%. Use the drawdown chart below to compare losses from any high point for UB01.L and MVEU.L.

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Drawdown Indicators

UB01.LMVEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.70%

-23.74%

-7.96%

Max Drawdown (1Y)

Largest decline over 1 year

-11.38%

-8.32%

-3.06%

Max Drawdown (3Y)

Largest decline over 3 years

-13.92%

-8.32%

-5.60%

Max Drawdown (5Y)

Largest decline over 5 years

-21.64%

-17.42%

-4.22%

Max Drawdown (10Y)

Largest decline over 10 years

-31.70%

-23.74%

-7.96%

Current Drawdown

Current decline from peak

-2.39%

-3.45%

+1.06%

Average Drawdown

Average peak-to-trough decline

-5.14%

-3.52%

-1.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.41%

2.82%

+0.59%

Volatility

UB01.L vs. MVEU.L - Volatility Comparison

UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis (UB01.L) has a higher volatility of 3.70% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 1.88%. This indicates that UB01.L's price experiences larger fluctuations and is considered to be riskier than MVEU.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.LMVEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.70%

1.88%

+1.82%

Volatility (6M)

Calculated over the trailing 6-month period

12.39%

7.31%

+5.08%

Volatility (1Y)

Calculated over the trailing 1-year period

15.09%

8.92%

+6.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.23%

11.28%

+5.95%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.81%

12.62%

+5.19%

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

UB01.L has a 0.15% expense ratio, which is lower than MVEU.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%.

Dividends

UB01.L vs. MVEU.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (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 MVEU.L have a correlation of 0.55, 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 0.25% for MVEU.L.

UB01.L tracks MSCI EMU NR EUR, while MVEU.L tracks MSCI Europe NR EUR. They also come from different issuers: UBS and iShares. Their fees differ too: 0.15% for UB01.L and 0.25% for MVEU.L.

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