UB03.L vs. IEVL.L
UB03.L (UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis) and IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) are both Europe Equities funds - UB03.L tracks the FTSE AllSh TR GBP while IEVL.L tracks the MSCI Europe Enhanced Value Index. Both are passively managed. Over the past 10 years, UB03.L returned 8.91%/yr vs 11.78%/yr for IEVL.L. At a 0.48 correlation, their price movements are largely independent. UB03.L charges 0.20%/yr vs 0.25%/yr for IEVL.L.
Performance
UB03.L vs. IEVL.L - Performance Comparison
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Different Trading Currencies
UB03.L is traded in GBp, while IEVL.L is traded in EUR. To make them comparable, the IEVL.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 IEVL.L's 13.11% return. Over the past 10 years, UB03.L has underperformed IEVL.L with an annualized return of 8.91%, while IEVL.L has yielded a comparatively higher 11.78% 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%
IEVL.L
- 1D
- 0.17%
- 1M
- 4.83%
- YTD
- 13.11%
- 6M
- 15.93%
- 1Y
- 36.39%
- 3Y*
- 21.80%
- 5Y*
- 14.64%
- 10Y*
- 11.78%
UB03.L vs. IEVL.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% |
IEVL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating | 13.11% | 42.23% | 5.56% | 11.28% | 1.19% | 19.17% | -3.59% | 14.85% | -12.63% | 15.13% |
Correlation
The correlation between UB03.L and IEVL.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2015 | 0.48 |
Over the past year, UB03.L and IEVL.L have become more correlated (0.70) than their long-term average of 0.48, meaning their price movements have been converging.
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Return for Risk
UB03.L vs. IEVL.L — Risk / Return Rank
UB03.L
IEVL.L
UB03.L vs. IEVL.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 iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.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 | IEVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.48 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 3.42 | -0.76 |
| Martin ratioReturn relative to average drawdown | 8.61 | 12.70 | -4.09 |
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 | IEVL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 2.68 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.96 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.69 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.58 | +0.25 |
Drawdowns
UB03.L vs. IEVL.L - Drawdown Comparison
The maximum UB03.L drawdown since its inception was -33.84%, roughly equal to the maximum IEVL.L drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for UB03.L and IEVL.L.
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Drawdown Indicators
| UB03.L | IEVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -34.82% | +0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -10.59% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -12.11% | -16.33% | +4.22% |
Max Drawdown (5Y)Largest decline over 5 years | -12.11% | -16.48% | +4.37% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | -34.82% | +0.98% |
Current DrawdownCurrent decline from peak | -4.00% | -0.82% | -3.18% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -6.05% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.86% | +0.25% |
Volatility
UB03.L vs. IEVL.L - Volatility Comparison
The current volatility for UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis (UB03.L) is 4.06%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) has a volatility of 4.85%. This indicates that UB03.L experiences smaller price fluctuations and is considered to be less risky than IEVL.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 | IEVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 4.85% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 11.06% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 13.52% | -1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 15.24% | +2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.97% | 17.13% | +3.84% |
UB03.L vs. IEVL.L - Expense Ratio Comparison
UB03.L has a 0.20% expense ratio, which is lower than IEVL.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
UB03.L vs. IEVL.L - Dividend Comparison
UB03.L's dividend yield for the trailing twelve months is around 2.71%, while IEVL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEVL.L iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating | 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 IEVL.L have a correlation of 0.70, 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 0.25% for IEVL.L.
UB03.L tracks FTSE AllSh TR GBP, while IEVL.L tracks MSCI Europe Enhanced Value Index. They also come from different issuers: UBS and iShares. Their fees differ too: 0.20% for UB03.L and 0.25% for IEVL.L.
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