UB03.L vs. UB01.L
UB03.L (UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis) and UB01.L (UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis) are both Europe Equities funds from UBS - UB03.L tracks the FTSE AllSh TR GBP while UB01.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, UB03.L returned 8.87%/yr vs 11.92%/yr for UB01.L. At a 0.20 correlation, their price movements are largely independent. UB03.L charges 0.20%/yr vs 0.15%/yr for UB01.L.
Performance
UB03.L vs. UB01.L - Performance Comparison
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Returns By Period
In the year-to-date period, UB03.L achieves a 5.33% return, which is significantly lower than UB01.L's 5.77% return. Over the past 10 years, UB03.L has underperformed UB01.L with an annualized return of 8.87%, while UB01.L has yielded a comparatively higher 11.92% annualized return.
UB03.L
- 1D
- -0.48%
- 1M
- -0.07%
- YTD
- 5.33%
- 6M
- 7.99%
- 1Y
- 20.78%
- 3Y*
- 15.30%
- 5Y*
- 11.52%
- 10Y*
- 8.87%
UB01.L
- 1D
- -0.67%
- 1M
- 3.60%
- YTD
- 5.77%
- 6M
- 7.24%
- 1Y
- 18.75%
- 3Y*
- 16.24%
- 5Y*
- 11.50%
- 10Y*
- 11.92%
UB03.L vs. UB01.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 | 5.33% | 26.20% | 9.58% | 8.35% | 3.14% | 16.12% | -10.39% | 17.37% | -7.12% | 9.91% |
UB01.L UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis | 5.77% | 28.34% | 6.43% | 19.85% | -4.38% | 14.47% | 4.04% | 16.99% | -6.90% | 18.45% |
Correlation
The correlation between UB03.L and UB01.L is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2012 | 0.20 |
Over the past year, UB03.L and UB01.L have become more correlated (0.52) than their long-term average of 0.20, meaning their price movements have been converging.
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Return for Risk
UB03.L vs. UB01.L — Risk / Return Rank
UB03.L
UB01.L
UB03.L vs. UB01.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 ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis (UB01.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 | UB01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.27 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.06 | +0.61 |
| Martin ratioReturn relative to average drawdown | 8.68 | 6.44 | +2.24 |
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 | UB01.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 1.45 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 1.11 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 1.67 | -0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 1.60 | -0.77 |
Drawdowns
UB03.L vs. UB01.L - Drawdown Comparison
The maximum UB03.L drawdown since its inception was -33.84%, which is greater than UB01.L's maximum drawdown of -29.27%. Use the drawdown chart below to compare losses from any high point for UB03.L and UB01.L.
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Drawdown Indicators
| UB03.L | UB01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -29.27% | -4.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -11.38% | +2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -12.11% | -13.55% | +1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -12.11% | -21.12% | +9.01% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | -29.27% | -4.57% |
Current DrawdownCurrent decline from peak | -4.28% | -1.19% | -3.09% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -4.21% | -0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 3.92% | -0.82% |
Volatility
UB03.L vs. UB01.L - Volatility Comparison
The current volatility for UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis (UB03.L) is 4.31%, while UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis (UB01.L) has a volatility of 4.83%. This indicates that UB03.L experiences smaller price fluctuations and is considered to be less risky than UB01.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 | UB01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 4.83% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 12.85% | -3.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 16.16% | -4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 26.82% | -9.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.98% | 31.16% | -10.18% |
UB03.L vs. UB01.L - Expense Ratio Comparison
UB03.L has a 0.20% expense ratio, which is higher than UB01.L's 0.15% 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. UB01.L - Dividend Comparison
UB03.L's dividend yield for the trailing twelve months is around 2.71%, more than UB01.L's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UB01.L UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-dis | 2.58% | 2.43% | 3.13% | 2.86% | 2.78% | 1.94% | 1.93% | 3.04% | 2.77% | 2.89% | 3.55% | 3.50% |
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 UB01.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UB01.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UB01.L is cheaper with a 0.15% expense ratio, compared with 0.20% for UB03.L.
UB03.L tracks FTSE AllSh TR GBP, while UB01.L tracks MSCI EMU NR EUR. Their fees differ too: 0.20% for UB03.L and 0.15% for UB01.L.
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