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UB17.L vs. IEVL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UB17.L vs. IEVL.L

Last updated Jun 5, 2026

UB17.L (UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) A-dis) and IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) are both Europe Equities funds - UB17.L tracks the MSCI EMU NR EUR while IEVL.L tracks the MSCI Europe Enhanced Value Index. Both are passively managed. Over the past 10 years, UB17.L returned 10.97%/yr vs 11.78%/yr for IEVL.L. At a 0.42 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.

Performance

UB17.L vs. IEVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) A-dis (UB17.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

UB17.L is traded in GBp, while IEVL.L is traded in EUR. To make them comparable, the IEVL.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, UB17.L achieves a 5.70% return, which is significantly lower than IEVL.L's 13.11% return. Over the past 10 years, UB17.L has underperformed IEVL.L with an annualized return of 10.97%, while IEVL.L has yielded a comparatively higher 11.78% annualized return.

UB17.L

1D
0.30%
1M
2.62%
YTD
5.70%
6M
10.09%
1Y
24.74%
3Y*
19.82%
5Y*
13.36%
10Y*
10.97%

IEVL.L

1D
0.17%
1M
4.83%
YTD
13.11%
6M
15.93%
1Y
36.39%
3Y*
21.80%
5Y*
14.64%
10Y*
11.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UB17.L vs. IEVL.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UB17.L
UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) A-dis		5.70%45.25%4.09%19.69%-2.09%12.46%-2.84%12.93%-14.42%17.41%
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		13.11%42.23%5.56%11.28%1.19%19.17%-3.59%14.85%-12.63%15.13%

Correlation

The correlation between UB17.L and IEVL.L is 0.82, 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

0.82

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

0.59

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

0.52

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

0.45

Correlation (All Time)
Calculated using the full available price history since Jan 20, 2015

0.42

Over the past year, UB17.L and IEVL.L have become more correlated (0.82) than their long-term average of 0.42, meaning their price movements have been converging.

UB17.L vs. IEVL.L - Sectors Allocation Comparison

Sectors
UB17.L
IEVL.L

Financial Services

42.2%
22.6%

Utilities

11.8%
4.5%

Industrials

10.2%
17.0%

Energy

7.7%
5.1%

Healthcare

6.0%
12.3%

Consumer Defensive

5.2%
8.6%

Communication Services

5.1%
3.7%

Consumer Cyclical

4.5%
6.2%

Basic Materials

3.5%
6.2%

Technology

2.4%
12.2%

Real Estate

1.5%
0.6%

Financial Services

UB17.L
42.2%
IEVL.L
22.6%

Utilities

UB17.L
11.8%
IEVL.L
4.5%

Industrials

UB17.L
10.2%
IEVL.L
17.0%

Energy

UB17.L
7.7%
IEVL.L
5.1%

Healthcare

UB17.L
6.0%
IEVL.L
12.3%

Consumer Defensive

UB17.L
5.2%
IEVL.L
8.6%

Communication Services

UB17.L
5.1%
IEVL.L
3.7%

Consumer Cyclical

UB17.L
4.5%
IEVL.L
6.2%

Basic Materials

UB17.L
3.5%
IEVL.L
6.2%

Technology

UB17.L
2.4%
IEVL.L
12.2%

Real Estate

UB17.L
1.5%
IEVL.L
0.6%

Compare stocks, funds, or ETFs

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UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) A-dis

iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating

Often compared with UB17.L:
UB17.L vs. S7XP.LUB17.L vs. UC63.LUB17.L vs. LCPE.LUB17.L vs. IMV.LUB17.L vs. EEIP.LUB17.L vs. MMS.LUB17.L vs. EUFM.L
Often compared with IEVL.L:
IEVL.L vs. AINF.LIEVL.L vs. FBTU.LIEVL.L vs. IUCS.LIEVL.L vs. CSKR.LIEVL.L vs. 36BA.DEIEVL.L vs. IEMA.LIEVL.L vs. GLD

Return for Risk

UB17.L vs. IEVL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UB17.L
UB17.L Risk / Return Rank: 6262
Overall Rank
UB17.L Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
UB17.L Sortino Ratio Rank: 6262
Sortino Ratio Rank
UB17.L Omega Ratio Rank: 6464
Omega Ratio Rank
UB17.L Calmar Ratio Rank: 6363
Calmar Ratio Rank
UB17.L Martin Ratio Rank: 5858
Martin Ratio Rank
IEVL.L
IEVL.L Risk / Return Rank: 7272
Overall Rank
IEVL.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IEVL.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IEVL.L Omega Ratio Rank: 7575
Omega Ratio Rank
IEVL.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
IEVL.L Martin Ratio Rank: 6868
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.

UB17.L vs. IEVL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) A-dis (UB17.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.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.

UB17.LIEVL.LDifference
Sharpe ratioReturn per unit of total volatility
2.13
2.68

-0.55

Sortino ratioReturn per unit of downside risk
2.87
3.61

-0.74

Omega ratioGain probability vs. loss probability

1.38

1.48

-0.10

Calmar ratioReturn relative to maximum drawdown

3.10

3.42

-0.32

Martin ratioReturn relative to average drawdown

10.19

12.70

-2.51

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

UB17.L vs. IEVL.L - Sharpe Ratio Comparison

The current UB17.L Sharpe Ratio is 2.13, which is comparable to the IEVL.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of UB17.L and IEVL.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

UB17.LIEVL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.13

2.68

-0.55

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.31

0.96

+0.35

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.94

0.69

+0.25

Sharpe Ratio (All Time)

Calculated using the full available price history

1.00

0.58

+0.43

Drawdowns

UB17.L vs. IEVL.L - Drawdown Comparison

The maximum UB17.L drawdown since its inception was -38.67%, which is greater than IEVL.L's maximum drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for UB17.L and IEVL.L.

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Drawdown Indicators

UB17.LIEVL.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.67%

-34.82%

-3.85%

Max Drawdown (1Y)

Largest decline over 1 year

-9.68%

-10.59%

+0.91%

Max Drawdown (3Y)

Largest decline over 3 years

-12.56%

-16.33%

+3.77%

Max Drawdown (5Y)

Largest decline over 5 years

-19.05%

-16.48%

-2.57%

Max Drawdown (10Y)

Largest decline over 10 years

-38.67%

-34.82%

-3.85%

Current Drawdown

Current decline from peak

-1.42%

-0.82%

-0.60%

Average Drawdown

Average peak-to-trough decline

-5.25%

-6.05%

+0.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.08%

2.86%

+0.22%

Volatility

UB17.L vs. IEVL.L - Volatility Comparison

The current volatility for UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) A-dis (UB17.L) is 3.60%, while iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) has a volatility of 4.85%. This indicates that UB17.L experiences smaller price fluctuations and is considered to be less risky than IEVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UB17.LIEVL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.60%

4.85%

-1.25%

Volatility (6M)

Calculated over the trailing 6-month period

10.59%

11.06%

-0.47%

Volatility (1Y)

Calculated over the trailing 1-year period

14.13%

13.52%

+0.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.03%

15.24%

+4.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.37%

17.13%

+9.24%

UB17.L vs. IEVL.L - Expense Ratio Comparison

Both UB17.L and IEVL.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

UB17.L vs. IEVL.L - Dividend Comparison

UB17.L's dividend yield for the trailing twelve months is around 3.77%, while IEVL.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
UB17.L
UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) A-dis		3.77%3.37%3.64%3.87%4.01%2.74%2.39%4.11%4.02%3.42%5.21%4.14%

Frequently Asked Questions

UB17.L and IEVL.L have a correlation of 0.82, 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 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

UB17.L and IEVL.L have the same expense ratio: 0.25% per year.

UB17.L tracks MSCI EMU NR EUR, while IEVL.L tracks MSCI Europe Enhanced Value Index. They also come from different issuers: UBS and iShares.

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