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UB12.L vs. UC07.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UB12.L vs. UC07.L

Last updated Jun 5, 2026

UB12.L (UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis) and UC07.L (UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis) are both exchange-traded funds - UB12.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while UC07.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD. Both are passively managed. Over the past 10 years, UB12.L returned 10.20%/yr vs 11.17%/yr for UC07.L. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

UB12.L vs. UC07.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UB12.L) and UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis (UC07.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UB12.L achieves a 6.75% return, which is significantly lower than UC07.L's 10.79% return. Over the past 10 years, UB12.L has underperformed UC07.L with an annualized return of 10.20%, while UC07.L has yielded a comparatively higher 11.17% annualized return.

UB12.L

1D
0.45%
1M
3.53%
YTD
6.75%
6M
8.80%
1Y
19.32%
3Y*
13.86%
5Y*
10.14%
10Y*
10.20%

UC07.L

1D
0.70%
1M
3.94%
YTD
10.79%
6M
11.16%
1Y
23.90%
3Y*
13.53%
5Y*
10.41%
10Y*
11.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UB12.L vs. UC07.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UB12.L
UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis		6.75%25.97%3.91%13.08%-3.54%16.84%2.37%19.34%-9.57%15.00%
UC07.L
UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis		10.79%5.98%15.41%3.09%4.71%28.76%-3.62%20.51%-3.14%4.81%

Correlation

The correlation between UB12.L and UC07.L is 0.55, 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

0.55

Correlation (3Y)
Calculated over the trailing 3-year period

0.50

Correlation (5Y)
Calculated over the trailing 5-year period

0.56

Correlation (10Y)
Calculated over the trailing 10-year period

0.65

Correlation (All Time)
Calculated using the full available price history since May 14, 2013

0.69

The correlation between UB12.L and UC07.L shifts across timeframes, from 0.50 (3 years) to 0.69 (all time), reflecting how their relationship changes across market environments.

UB12.L vs. UC07.L - Sectors Allocation Comparison

Sectors
UB12.L
UC07.L

Financial Services

23.2%
18.6%

Industrials

19.6%
10.9%

Healthcare

12.9%
11.9%

Technology

9.4%
14.7%

Consumer Defensive

8.6%
7.7%

Consumer Cyclical

6.3%
5.2%

Basic Materials

5.6%
3.1%

Energy

5.0%
6.6%

Utilities

4.8%
4.0%

Communication Services

3.8%
14.2%

Real Estate

0.8%
3.2%

Financial Services

UB12.L
23.2%
UC07.L
18.6%

Industrials

UB12.L
19.6%
UC07.L
10.9%

Healthcare

UB12.L
12.9%
UC07.L
11.9%

Technology

UB12.L
9.4%
UC07.L
14.7%

Consumer Defensive

UB12.L
8.6%
UC07.L
7.7%

Consumer Cyclical

UB12.L
6.3%
UC07.L
5.2%

Basic Materials

UB12.L
5.6%
UC07.L
3.1%

Energy

UB12.L
5.0%
UC07.L
6.6%

Utilities

UB12.L
4.8%
UC07.L
4.0%

Communication Services

UB12.L
3.8%
UC07.L
14.2%

Real Estate

UB12.L
0.8%
UC07.L
3.2%

Compare stocks, funds, or ETFs

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UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis

UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis

Often compared with UB12.L:
UB12.L vs. CEMU.ASUB12.L vs. IWYUB12.L vs. iwyUB12.L vs. IMEU.LUB12.L vs. S5SD.LUB12.L vs. CS1.LUB12.L vs. HDEU.L
Often compared with UC07.L:
UC07.L vs. SPX4.LUC07.L vs. XNAQ.LUC07.L vs. VHYL.ASUC07.L vs. XDEV.LUC07.L vs. IITU.LUC07.L vs. HWWA.LUC07.L vs. IUVF.L

Return for Risk

UB12.L vs. UC07.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UB12.L
UB12.L Risk / Return Rank: 4343
Overall Rank
UB12.L Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
UB12.L Sortino Ratio Rank: 4545
Sortino Ratio Rank
UB12.L Omega Ratio Rank: 4848
Omega Ratio Rank
UB12.L Calmar Ratio Rank: 3737
Calmar Ratio Rank
UB12.L Martin Ratio Rank: 4141
Martin Ratio Rank
UC07.L
UC07.L Risk / Return Rank: 8383
Overall Rank
UC07.L Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
UC07.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
UC07.L Omega Ratio Rank: 8282
Omega Ratio Rank
UC07.L Calmar Ratio Rank: 8383
Calmar Ratio Rank
UC07.L Martin Ratio Rank: 8383
Martin Ratio Rank
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.

UB12.L vs. UC07.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UB12.L) and UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis (UC07.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.

UB12.LUC07.LDifference
Sharpe ratioReturn per unit of total volatility
1.59
2.70

-1.11

Sortino ratioReturn per unit of downside risk
2.23
3.67

-1.44

Omega ratioGain probability vs. loss probability

1.30

1.48

-0.19

Calmar ratioReturn relative to maximum drawdown

1.80

4.38

-2.58

Martin ratioReturn relative to average drawdown

6.36

16.39

-10.02

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UB12.L vs. UC07.L - Sharpe Ratio Comparison

The current UB12.L Sharpe Ratio is 1.59, which is lower than the UC07.L Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of UB12.L and UC07.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.

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Sharpe Ratios by Period

UB12.LUC07.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.59

2.70

-1.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

0.83

-0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.69

0.75

-0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.76

-0.17

Drawdowns

UB12.L vs. UC07.L - Drawdown Comparison

The maximum UB12.L drawdown since its inception was -28.66%, roughly equal to the maximum UC07.L drawdown of -28.73%. Use the drawdown chart below to compare losses from any high point for UB12.L and UC07.L.

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Drawdown Indicators

UB12.LUC07.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.66%

-28.73%

+0.07%

Max Drawdown (1Y)

Largest decline over 1 year

-10.68%

-5.43%

-5.25%

Max Drawdown (3Y)

Largest decline over 3 years

-12.68%

-16.76%

+4.08%

Max Drawdown (5Y)

Largest decline over 5 years

-15.68%

-16.76%

+1.08%

Max Drawdown (10Y)

Largest decline over 10 years

-28.66%

-28.73%

+0.07%

Current Drawdown

Current decline from peak

-1.52%

0.00%

-1.52%

Average Drawdown

Average peak-to-trough decline

-4.19%

-3.95%

-0.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.03%

1.45%

+1.58%

Volatility

UB12.L vs. UC07.L - Volatility Comparison

UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UB12.L) has a higher volatility of 3.88% compared to UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis (UC07.L) at 2.20%. This indicates that UB12.L's price experiences larger fluctuations and is considered to be riskier than UC07.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UB12.LUC07.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.88%

2.20%

+1.68%

Volatility (6M)

Calculated over the trailing 6-month period

10.18%

6.17%

+4.01%

Volatility (1Y)

Calculated over the trailing 1-year period

12.11%

8.80%

+3.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.69%

12.52%

+1.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.87%

14.84%

+0.03%

UB12.L vs. UC07.L - Expense Ratio Comparison

Both UB12.L and UC07.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

UB12.L vs. UC07.L - Dividend Comparison

UB12.L's dividend yield for the trailing twelve months is around 3.18%, more than UC07.L's 1.38% yield.

PositionTTM20252024202320222021202020192018201720162015
UB12.L
UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis		3.18%2.45%2.75%2.73%2.73%2.08%2.03%3.07%3.33%2.90%3.73%3.17%
UC07.L
UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis		1.38%2.05%1.79%2.04%1.81%1.59%2.41%2.08%2.49%2.01%2.18%2.25%

Frequently Asked Questions

UB12.L and UC07.L have a correlation of 0.55, 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.

UB12.L and UC07.L have the same expense ratio: 0.20% per year.

UB12.L is categorized as Europe Equities, while UC07.L is Large Cap Value Equities. UB12.L tracks MSCI Europe NR EUR, while UC07.L tracks Russell 1000 Value TR USD.

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