UB03.L vs. SX5S.L
UB03.L (UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis) and SX5S.L (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - UB03.L tracks the FTSE AllSh TR GBP while SX5S.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, UB03.L returned 8.91%/yr vs 11.41%/yr for SX5S.L. At a 0.42 correlation, their price movements are largely independent. UB03.L charges 0.20%/yr vs 0.05%/yr for SX5S.L.
Performance
UB03.L vs. SX5S.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 SX5S.L's 6.46% return. Over the past 10 years, UB03.L has underperformed SX5S.L with an annualized return of 8.91%, while SX5S.L has yielded a comparatively higher 11.41% 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%
SX5S.L
- 1D
- 0.35%
- 1M
- 4.85%
- YTD
- 6.46%
- 6M
- 7.51%
- 1Y
- 18.61%
- 3Y*
- 15.51%
- 5Y*
- 11.51%
- 10Y*
- 11.41%
UB03.L vs. SX5S.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% |
SX5S.L Invesco EURO STOXX 50 UCITS ETF | 6.46% | 27.68% | 6.13% | 19.91% | -3.67% | 14.48% | 2.12% | 23.51% | -10.62% | 14.35% |
Correlation
The correlation between UB03.L and SX5S.L is 0.62, 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 | 0.63 |
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 Sep 10, 2014 | 0.42 |
Over the past year, UB03.L and SX5S.L have become more correlated (0.62) than their long-term average of 0.42, meaning their price movements have been converging.
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Return for Risk
UB03.L vs. SX5S.L — Risk / Return Rank
UB03.L
SX5S.L
UB03.L vs. SX5S.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 Invesco EURO STOXX 50 UCITS ETF (SX5S.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 | SX5S.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.23 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.62 | +1.04 |
| Martin ratioReturn relative to average drawdown | 8.61 | 5.40 | +3.21 |
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 | SX5S.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 1.23 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.69 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.73 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.59 | +0.24 |
Drawdowns
UB03.L vs. SX5S.L - Drawdown Comparison
The maximum UB03.L drawdown since its inception was -33.84%, roughly equal to the maximum SX5S.L drawdown of -32.54%. Use the drawdown chart below to compare losses from any high point for UB03.L and SX5S.L.
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Drawdown Indicators
| UB03.L | SX5S.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -32.54% | -1.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -11.43% | +2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -12.11% | -13.85% | +1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -12.11% | -21.71% | +9.60% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | -32.54% | -1.30% |
Current DrawdownCurrent decline from peak | -4.00% | -0.57% | -3.43% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -5.44% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 3.44% | -0.33% |
Volatility
UB03.L vs. SX5S.L - Volatility Comparison
The current volatility for UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis (UB03.L) is 4.06%, while Invesco EURO STOXX 50 UCITS ETF (SX5S.L) has a volatility of 4.90%. This indicates that UB03.L experiences smaller price fluctuations and is considered to be less risky than SX5S.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 | SX5S.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 4.90% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 12.23% | -2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 15.09% | -3.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 17.62% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.97% | 19.88% | +1.09% |
UB03.L vs. SX5S.L - Expense Ratio Comparison
UB03.L has a 0.20% expense ratio, which is higher than SX5S.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. SX5S.L - Dividend Comparison
UB03.L's dividend yield for the trailing twelve months is around 2.71%, while SX5S.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SX5S.L Invesco EURO STOXX 50 UCITS ETF | 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 SX5S.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SX5S.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SX5S.L is cheaper with a 0.05% expense ratio, compared with 0.20% for UB03.L.
UB03.L tracks FTSE AllSh TR GBP, while SX5S.L tracks MSCI EMU NR EUR. They also come from different issuers: UBS and Invesco. Their fees differ too: 0.20% for UB03.L and 0.05% for SX5S.L.
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