UB03.L vs. UC96.L
UB03.L (UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis) and UC96.L (UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis) are both exchange-traded funds - UB03.L is a Europe Equities fund tracking the FTSE AllSh TR GBP, while UC96.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD. Both are passively managed. Over the past 10 years, UB03.L returned 8.91%/yr vs 10.91%/yr for UC96.L. At a 0.33 correlation, their price movements are largely independent. UB03.L charges 0.20%/yr vs 0.25%/yr for UC96.L.
Performance
UB03.L vs. UC96.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 UC96.L's 6.54% return. Over the past 10 years, UB03.L has underperformed UC96.L with an annualized return of 8.91%, while UC96.L has yielded a comparatively higher 10.91% 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%
UC96.L
- 1D
- 0.76%
- 1M
- 4.51%
- YTD
- 6.54%
- 6M
- 6.76%
- 1Y
- 19.26%
- 3Y*
- 9.16%
- 5Y*
- 8.01%
- 10Y*
- 10.91%
UB03.L vs. UC96.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% |
UC96.L UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis | 6.54% | 3.55% | 8.94% | 8.61% | 1.61% | 29.15% | 1.32% | 19.93% | -2.52% | 7.87% |
Correlation
The correlation between UB03.L and UC96.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2015 | 0.33 |
The correlation between UB03.L and UC96.L shifts across timeframes, from 0.32 (5 years) to 0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UB03.L vs. UC96.L — Risk / Return Rank
UB03.L
UC96.L
UB03.L vs. UC96.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 (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.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 | UC96.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.32 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.79 | -0.13 |
| Martin ratioReturn relative to average drawdown | 8.61 | 9.08 | -0.47 |
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 | UC96.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 1.80 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.57 | +0.71 |
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 | 0.73 | +0.10 |
Drawdowns
UB03.L vs. UC96.L - Drawdown Comparison
The maximum UB03.L drawdown since its inception was -33.84%, which is greater than UC96.L's maximum drawdown of -27.20%. Use the drawdown chart below to compare losses from any high point for UB03.L and UC96.L.
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Drawdown Indicators
| UB03.L | UC96.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -27.20% | -6.64% |
Max Drawdown (1Y)Largest decline over 1 year | -9.09% | -6.87% | -2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -12.11% | -19.43% | +7.32% |
Max Drawdown (5Y)Largest decline over 5 years | -12.11% | -19.43% | +7.32% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | -27.20% | -6.64% |
Current DrawdownCurrent decline from peak | -4.00% | 0.00% | -4.00% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -4.30% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.12% | +0.99% |
Volatility
UB03.L vs. UC96.L - Volatility Comparison
UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis (UB03.L) has a higher volatility of 4.06% compared to UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.L) at 2.93%. This indicates that UB03.L's price experiences larger fluctuations and is considered to be riskier than UC96.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 | UC96.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 2.93% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 7.52% | +2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 10.64% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 14.04% | +3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.97% | 15.94% | +5.03% |
UB03.L vs. UC96.L - Expense Ratio Comparison
UB03.L has a 0.20% expense ratio, which is lower than UC96.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. UC96.L - Dividend Comparison
UB03.L's dividend yield for the trailing twelve months is around 2.71%, more than UC96.L's 0.01% 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% |
UC96.L UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis | 0.01% | 0.01% | 0.01% | 0.78% | 0.02% | 0.02% | 0.02% | 0.01% | 0.02% | 0.02% | 0.01% | 0.00% |
Frequently Asked Questions
UB03.L and UC96.L have a correlation of 0.47, 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 UC96.L.
UB03.L is categorized as Europe Equities, while UC96.L is Large Cap Value Equities. UB03.L tracks FTSE AllSh TR GBP, while UC96.L tracks Russell 1000 Value TR USD. Their fees differ too: 0.20% for UB03.L and 0.25% for UC96.L.
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