UB03.L vs. PRIE.L

Last updated Jun 5, 2026

UB03.L (UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis) and PRIE.L (Amundi Prime Europe UCITS ETF DR (D)) are both Europe Equities funds - UB03.L tracks the FTSE AllSh TR GBP while PRIE.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, UB03.L returned 11.59%/yr vs 7.25%/yr for PRIE.L. A 0.50 correlation means they provide meaningful diversification when combined. UB03.L charges 0.20%/yr vs 0.05%/yr for PRIE.L.

Performance

UB03.L vs. PRIE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis (UB03.L) and Amundi Prime Europe UCITS ETF DR (D) (PRIE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UB03.L achieves a 5.64% return, which is significantly lower than PRIE.L's 6.91% 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%

PRIE.L

• 1D: 0.53%
• 1M: 3.65%
• YTD: 6.91%
• 6M: 6.51%
• 1Y: 16.99%
• 3Y*: 10.92%
• 5Y*: 7.25%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UB03.L vs. PRIE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
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%	8.77%
PRIE.L Amundi Prime Europe UCITS ETF DR (D)	6.91%	22.93%	1.02%	10.15%	-6.60%	14.84%	-0.22%	9.43%

Correlation

The correlation between UB03.L and PRIE.L is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (All Time) Calculated using the full available price history since Mar 15, 2019	0.50

Over the past year, UB03.L and PRIE.L have become more correlated (0.74) than their long-term average of 0.50, meaning their price movements have been converging.

Return for Risk

UB03.L vs. PRIE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UB03.L

UB03.L Risk / Return Rank: 58
UB03.L Sharpe Ratio Rank: 60
UB03.L Sortino Ratio Rank: 61
UB03.L Omega Ratio Rank: 61
UB03.L Calmar Ratio Rank: 55
UB03.L Martin Ratio Rank: 51

PRIE.L

PRIE.L Risk / Return Rank: 37
PRIE.L Sharpe Ratio Rank: 39
PRIE.L Sortino Ratio Rank: 37
PRIE.L Omega Ratio Rank: 41
PRIE.L Calmar Ratio Rank: 33
PRIE.L Martin Ratio Rank: 37

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.

UB03.L vs. PRIE.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 Prime Europe UCITS ETF DR (D) (PRIE.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	PRIE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.00	1.36	+0.64
Sortino ratio: Return per unit of downside risk	2.80	1.90	+0.91
Omega ratio: Gain probability vs. loss probability	1.37	1.26	+0.11
Calmar ratio: Return relative to maximum drawdown	2.66	1.60	+1.06
Martin ratio: Return relative to average drawdown	8.61	5.58	+3.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UB03.L vs. PRIE.L - Sharpe Ratio Comparison

The current UB03.L Sharpe Ratio is 2.00, which is higher than the PRIE.L Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of UB03.L and PRIE.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.

Sharpe Ratios by Period

	UB03.L	PRIE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	1.36	+0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.28	0.51	+0.77
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	0.49	+0.34

Drawdowns

UB03.L vs. PRIE.L - Drawdown Comparison

The maximum UB03.L drawdown since its inception was -33.84%, which is greater than PRIE.L's maximum drawdown of -28.92%. Use the drawdown chart below to compare losses from any high point for UB03.L and PRIE.L.

Drawdown Indicators

	UB03.L	PRIE.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.84%	-28.92%	-4.92%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	-10.55%	+1.46%
Max Drawdown (3Y) Largest decline over 3 years	-12.11%	-13.25%	+1.14%
Max Drawdown (5Y) Largest decline over 5 years	-12.11%	-17.75%	+5.64%
Max Drawdown (10Y) Largest decline over 10 years	-33.84%	—	—
Current Drawdown Current decline from peak	-4.00%	-1.14%	-2.86%
Average Drawdown Average peak-to-trough decline	-4.91%	-4.71%	-0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	3.04%	+0.07%

Volatility

UB03.L vs. PRIE.L - Volatility Comparison

UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis (UB03.L) and Amundi Prime Europe UCITS ETF DR (D) (PRIE.L) have volatilities of 4.06% and 4.12%, 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.

Volatility by Period

	UB03.L	PRIE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.06%	4.12%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	9.74%	10.54%	-0.80%
Volatility (1Y) Calculated over the trailing 1-year period	12.08%	12.44%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.53%	14.21%	+3.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.97%	15.99%	+4.98%

UB03.L vs. PRIE.L - Expense Ratio Comparison

UB03.L has a 0.20% expense ratio, which is higher than PRIE.L's 0.05% 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. PRIE.L - Dividend Comparison

UB03.L's dividend yield for the trailing twelve months is around 2.71%, more than PRIE.L's 0.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRIE.L Amundi Prime Europe UCITS ETF DR (D)	0.02%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%	0.03%	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

Can I hold both UB03.L and PRIE.L in my portfolio?

UB03.L and PRIE.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UB03.L or PRIE.L?

On fees, PRIE.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UB03.L or PRIE.L?

PRIE.L is cheaper with a 0.05% expense ratio, compared with 0.20% for UB03.L.

What is the main difference between UB03.L and PRIE.L?

UB03.L tracks FTSE AllSh TR GBP, while PRIE.L tracks MSCI Europe NR EUR. They also come from different issuers: UBS and Amundi. Their fees differ too: 0.20% for UB03.L and 0.05% for PRIE.L.