UB03.L vs. EUFM.L
UB03.L (UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis) and EUFM.L (UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc) are both Europe Equities funds from UBS - UB03.L tracks the FTSE AllSh TR GBP while EUFM.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, UB03.L returned 11.59%/yr vs 9.69%/yr for EUFM.L. At a 0.44 correlation, their price movements are largely independent. UB03.L charges 0.20%/yr vs 0.34%/yr for EUFM.L.
Performance
UB03.L vs. EUFM.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UB03.L achieves a 5.64% return, which is significantly lower than EUFM.L's 6.74% 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%
EUFM.L
- 1D
- 0.21%
- 1M
- 2.81%
- YTD
- 6.74%
- 6M
- 8.89%
- 1Y
- 16.80%
- 3Y*
- 15.42%
- 5Y*
- 9.69%
- 10Y*
- —
UB03.L vs. EUFM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -9.88% |
EUFM.L UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc | 6.74% | 29.59% | 3.25% | 15.45% | -7.82% | 13.50% | 5.84% | 19.11% | -12.29% |
Correlation
The correlation between UB03.L and EUFM.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2018 | 0.44 |
Over the past year, UB03.L and EUFM.L have become more correlated (0.67) than their long-term average of 0.44, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UB03.L vs. EUFM.L — Risk / Return Rank
UB03.L
EUFM.L
UB03.L vs. EUFM.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 UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.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 | EUFM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.26 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.58 | +1.08 |
| Martin ratioReturn relative to average drawdown | 8.61 | 5.69 | +2.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| UB03.L | EUFM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 1.36 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.67 | +0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.53 | +0.30 |
Drawdowns
UB03.L vs. EUFM.L - Drawdown Comparison
The maximum UB03.L drawdown since its inception was -33.84%, which is greater than EUFM.L's maximum drawdown of -30.14%. Use the drawdown chart below to compare losses from any high point for UB03.L and EUFM.L.
Loading charts...
Drawdown Indicators
| UB03.L | EUFM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -30.14% | -3.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -10.59% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -12.11% | -11.90% | -0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -12.11% | -20.86% | +8.75% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | — | — |
Current DrawdownCurrent decline from peak | -4.00% | -1.07% | -2.93% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -5.19% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.95% | +0.16% |
Volatility
UB03.L vs. EUFM.L - Volatility Comparison
UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis (UB03.L) and UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L) have volatilities of 4.06% and 4.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UB03.L | EUFM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 4.00% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 10.33% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 12.33% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 14.53% | +3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.97% | 16.13% | +4.84% |
UB03.L vs. EUFM.L - Expense Ratio Comparison
UB03.L has a 0.20% expense ratio, which is lower than EUFM.L's 0.34% expense ratio.
Dividends
UB03.L vs. EUFM.L - Dividend Comparison
UB03.L's dividend yield for the trailing twelve months is around 2.71%, while EUFM.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUFM.L UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-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% |
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 EUFM.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UB03.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UB03.L is cheaper with a 0.20% expense ratio, compared with 0.34% for EUFM.L.
UB03.L tracks FTSE AllSh TR GBP, while EUFM.L tracks MSCI EMU NR EUR. Their fees differ too: 0.20% for UB03.L and 0.34% for EUFM.L.
Find the right allocation for UB03.L and EUFM.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer