UB03.L vs. UC63.L
UB03.L (UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis) and UC63.L (UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis) are both Europe Equities funds from UBS tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, UB03.L returned 8.91%/yr vs 8.91%/yr for UC63.L. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
UB03.L vs. UC63.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with UB03.L having a 5.64% return and UC63.L slightly higher at 5.83%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: UB03.L at 8.91% and UC63.L at 8.91%.
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%
UC63.L
- 1D
- 0.09%
- 1M
- 1.35%
- YTD
- 5.83%
- 6M
- 8.04%
- 1Y
- 21.74%
- 3Y*
- 14.65%
- 5Y*
- 12.25%
- 10Y*
- 8.91%
UB03.L vs. UC63.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% |
UC63.L UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis | 5.83% | 25.75% | 9.16% | 6.95% | 7.38% | 19.00% | -13.55% | 16.32% | -9.35% | 12.54% |
Correlation
The correlation between UB03.L and UC63.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2013 | 0.55 |
Over the past year, UB03.L and UC63.L have become more correlated (0.84) than their long-term average of 0.55, meaning their price movements have been converging.
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Return for Risk
UB03.L vs. UC63.L — Risk / Return Rank
UB03.L
UC63.L
UB03.L vs. UC63.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) MSCI UK UCITS ETF (GBP) A-dis (UC63.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 | UC63.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.39 | +0.27 |
| Martin ratioReturn relative to average drawdown | 8.61 | 8.18 | +0.43 |
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 | UC63.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 1.93 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.95 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.59 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.48 | +0.35 |
Drawdowns
UB03.L vs. UC63.L - Drawdown Comparison
The maximum UB03.L drawdown since its inception was -33.84%, roughly equal to the maximum UC63.L drawdown of -34.55%. Use the drawdown chart below to compare losses from any high point for UB03.L and UC63.L.
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Drawdown Indicators
| UB03.L | UC63.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -34.55% | +0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -9.05% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -12.11% | -12.95% | +0.84% |
Max Drawdown (5Y)Largest decline over 5 years | -12.11% | -12.95% | +0.84% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | -34.55% | +0.71% |
Current DrawdownCurrent decline from peak | -4.00% | -4.19% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -4.76% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.65% | +0.46% |
Volatility
UB03.L vs. UC63.L - Volatility Comparison
UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis (UB03.L) and UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis (UC63.L) have volatilities of 4.06% and 4.04%, 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.
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Volatility by Period
| UB03.L | UC63.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 4.04% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 9.72% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 11.19% | +0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 12.88% | +4.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.97% | 15.11% | +5.86% |
UB03.L vs. UC63.L - Expense Ratio Comparison
Both UB03.L and UC63.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
UB03.L vs. UC63.L - Dividend Comparison
UB03.L's dividend yield for the trailing twelve months is around 2.71%, less than UC63.L's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UC63.L UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis | 2.87% | 2.73% | 3.12% | 3.69% | 3.71% | 3.22% | 3.86% | 4.21% | 3.55% | 4.46% | 2.14% | 4.44% |
Frequently Asked Questions
UB03.L and UC63.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
UB03.L and UC63.L have the same expense ratio: 0.20% per year.
Both ETFs track FTSE AllSh TR GBP.
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