UB03.L vs. CMU.L
UB03.L (UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis) and CMU.L (Amundi ETF MSCI EMU ESG Leaders Select) are both Europe Equities funds - UB03.L tracks the FTSE AllSh TR GBP while CMU.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, UB03.L returned 8.91%/yr vs 10.79%/yr for CMU.L. At a 0.43 correlation, their price movements are largely independent. UB03.L charges 0.20%/yr vs 0.15%/yr for CMU.L.
Performance
UB03.L vs. CMU.L - Performance Comparison
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Returns By Period
In the year-to-date period, UB03.L achieves a 5.64% return, which is significantly lower than CMU.L's 15.89% return. Over the past 10 years, UB03.L has underperformed CMU.L with an annualized return of 8.91%, while CMU.L has yielded a comparatively higher 10.79% annualized return.
UB03.L
- 1D
- 0.29%
- 1M
- 1.62%
- YTD
- 5.64%
- 6M
- 8.14%
- 1Y
- 20.72%
- 3Y*
- 15.41%
- 5Y*
- 11.59%
- 10Y*
- 8.91%
CMU.L
- 1D
- 0.33%
- 1M
- 8.13%
- YTD
- 15.89%
- 6M
- 17.12%
- 1Y
- 29.56%
- 3Y*
- 16.11%
- 5Y*
- 10.52%
- 10Y*
- 10.79%
UB03.L vs. CMU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UB03.L UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis | 5.64% | 26.20% | 9.58% | 8.35% | 3.14% | 16.12% | -10.39% | 17.37% | -7.12% | 9.91% |
CMU.L Amundi ETF MSCI EMU ESG Leaders Select | 15.89% | 25.71% | 1.42% | 14.39% | -5.30% | 13.03% | 4.59% | 19.05% | -11.56% | 17.21% |
Correlation
The correlation between UB03.L and CMU.L is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2012 | 0.43 |
The correlation between UB03.L and CMU.L shifts across timeframes, from 0.43 (all time) to 0.61 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UB03.L vs. CMU.L — Risk / Return Rank
UB03.L
CMU.L
UB03.L vs. CMU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis (UB03.L) and Amundi ETF MSCI EMU ESG Leaders Select (CMU.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.
| UB03.L | CMU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.58 | +0.09 |
| Martin ratioReturn relative to average drawdown | 8.61 | 9.67 | -1.06 |
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
| UB03.L | CMU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 1.98 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.66 | +0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.65 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.49 | +0.34 |
Drawdowns
UB03.L vs. CMU.L - Drawdown Comparison
The maximum UB03.L drawdown since its inception was -33.84%, roughly equal to the maximum CMU.L drawdown of -32.53%. Use the drawdown chart below to compare losses from any high point for UB03.L and CMU.L.
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Drawdown Indicators
| UB03.L | CMU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -32.53% | -1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -11.43% | +2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -12.11% | -11.95% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -12.11% | -21.11% | +9.00% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | -31.41% | -2.43% |
Current DrawdownCurrent decline from peak | -4.00% | -0.18% | -3.82% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -5.80% | +0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 3.05% | +0.06% |
Volatility
UB03.L vs. CMU.L - Volatility Comparison
The current volatility for UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis (UB03.L) is 4.06%, while Amundi ETF MSCI EMU ESG Leaders Select (CMU.L) has a volatility of 5.34%. This indicates that UB03.L experiences smaller price fluctuations and is considered to be less risky than CMU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UB03.L | CMU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 5.34% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 12.44% | -2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 14.86% | -2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 16.00% | +1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.97% | 16.78% | +4.19% |
UB03.L vs. CMU.L - Expense Ratio Comparison
UB03.L has a 0.20% expense ratio, which is higher than CMU.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
UB03.L vs. CMU.L - Dividend Comparison
UB03.L's dividend yield for the trailing twelve months is around 2.71%, while CMU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMU.L Amundi ETF MSCI EMU ESG Leaders Select | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UB03.L UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis | 2.71% | 2.92% | 3.75% | 3.63% | 3.69% | 3.10% | 3.72% | 4.13% | 4.21% | 3.30% | 3.61% | 4.14% |
Frequently Asked Questions
UB03.L and CMU.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMU.L is cheaper with a 0.15% expense ratio, compared with 0.20% for UB03.L.
UB03.L tracks FTSE AllSh TR GBP, while CMU.L tracks MSCI EMU NR EUR. They also come from different issuers: UBS and Amundi. Their fees differ too: 0.20% for UB03.L and 0.15% for CMU.L.
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