UB03.L vs. FTEU.L
UB03.L (UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis) and FTEU.L (First Trust Eurozone AlphaDEX® UCITS ETF Class A Shares) are both Europe Equities funds - UB03.L tracks the FTSE AllSh TR GBP while FTEU.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, UB03.L returned 11.59%/yr vs 11.77%/yr for FTEU.L. At a 0.38 correlation, their price movements are largely independent. UB03.L charges 0.20%/yr vs 0.80%/yr for FTEU.L.
Performance
UB03.L vs. FTEU.L - Performance Comparison
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Different Trading Currencies
UB03.L is traded in GBp, while FTEU.L is traded in USD. To make them comparable, the FTEU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UB03.L achieves a 5.64% return, which is significantly lower than FTEU.L's 12.78% 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%
FTEU.L
- 1D
- 0.25%
- 1M
- 3.00%
- YTD
- 12.78%
- 6M
- 15.33%
- 1Y
- 34.02%
- 3Y*
- 22.63%
- 5Y*
- 11.77%
- 10Y*
- —
UB03.L vs. FTEU.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% |
FTEU.L First Trust Eurozone AlphaDEX® UCITS ETF Class A Shares | 12.78% | 46.50% | 4.57% | 10.67% | -9.18% | 12.84% | 1.98% | 15.97% | -14.85% | 24.15% |
Correlation
The correlation between UB03.L and FTEU.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2016 | 0.38 |
Over the past year, UB03.L and FTEU.L have become more correlated (0.59) than their long-term average of 0.38, meaning their price movements have been converging.
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Return for Risk
UB03.L vs. FTEU.L — Risk / Return Rank
UB03.L
FTEU.L
UB03.L vs. FTEU.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 First Trust Eurozone AlphaDEX® UCITS ETF Class A Shares (FTEU.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 | FTEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 3.23 | -0.56 |
| Martin ratioReturn relative to average drawdown | 8.61 | 11.93 | -3.32 |
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 | FTEU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 2.16 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.66 | +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 | 0.58 | +0.25 |
Drawdowns
UB03.L vs. FTEU.L - Drawdown Comparison
The maximum UB03.L drawdown since its inception was -33.84%, smaller than the maximum FTEU.L drawdown of -35.87%. Use the drawdown chart below to compare losses from any high point for UB03.L and FTEU.L.
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Drawdown Indicators
| UB03.L | FTEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -35.87% | +2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -10.50% | +1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -12.11% | -13.83% | +1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -12.11% | -24.32% | +12.21% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | — | — |
Current DrawdownCurrent decline from peak | -4.00% | -0.15% | -3.85% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -6.50% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.84% | +0.27% |
Volatility
UB03.L vs. FTEU.L - Volatility Comparison
The current volatility for UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis (UB03.L) is 4.06%, while First Trust Eurozone AlphaDEX® UCITS ETF Class A Shares (FTEU.L) has a volatility of 5.05%. This indicates that UB03.L experiences smaller price fluctuations and is considered to be less risky than FTEU.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 | FTEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 5.05% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 13.09% | -3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 15.67% | -3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 17.71% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.97% | 18.31% | +2.66% |
UB03.L vs. FTEU.L - Expense Ratio Comparison
UB03.L has a 0.20% expense ratio, which is lower than FTEU.L's 0.80% expense ratio.
Dividends
UB03.L vs. FTEU.L - Dividend Comparison
UB03.L's dividend yield for the trailing twelve months is around 2.71%, while FTEU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTEU.L First Trust Eurozone AlphaDEX® UCITS ETF Class A Shares | 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 FTEU.L have a correlation of 0.59, 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 0.80% for FTEU.L.
UB03.L tracks FTSE AllSh TR GBP, while FTEU.L tracks MSCI EMU NR EUR. They also come from different issuers: UBS and First Trust. Their fees differ too: 0.20% for UB03.L and 0.80% for FTEU.L.
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