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UB17.L vs. UD03.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UB17.L vs. UD03.L

Last updated Jun 5, 2026

UB17.L (UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) A-dis) and UD03.L (UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis) are both Europe Equities funds from UBS tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, UB17.L returned 13.36%/yr vs 10.72%/yr for UD03.L. At a 0.27 correlation, their price movements are largely independent. UB17.L charges 0.25%/yr vs 0.28%/yr for UD03.L.

Performance

UB17.L vs. UD03.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 UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (UD03.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, UB17.L achieves a 5.70% return, which is significantly lower than UD03.L's 12.28% 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%

UD03.L

1D
0.26%
1M
4.71%
YTD
12.28%
6M
15.08%
1Y
24.17%
3Y*
14.83%
5Y*
10.72%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

UB17.L vs. UD03.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
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%1.26%
UD03.L
UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis		12.28%25.20%0.78%19.24%-4.62%10.81%5.72%0.00%

Correlation

The correlation between UB17.L and UD03.L is 0.57, 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

0.57

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

0.39

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

0.31

Correlation (All Time)
Calculated using the full available price history since Dec 20, 2019

0.27

Over the past year, UB17.L and UD03.L have become more correlated (0.57) than their long-term average of 0.27, meaning their price movements have been converging.

UB17.L vs. UD03.L - Sectors Allocation Comparison

Sectors
UB17.L
UD03.L

Financial Services

42.2%
28.5%

Utilities

11.8%
7.7%

Industrials

10.2%
12.1%

Energy

7.7%
2.7%

Healthcare

6.0%
4.1%

Consumer Defensive

5.2%
14.6%

Communication Services

5.1%
3.1%

Consumer Cyclical

4.5%
7.0%

Basic Materials

3.5%
4.2%

Technology

2.4%
16.2%

Real Estate

1.5%

-

Financial Services

UB17.L
42.2%
UD03.L
28.5%

Utilities

UB17.L
11.8%
UD03.L
7.7%

Industrials

UB17.L
10.2%
UD03.L
12.1%

Energy

UB17.L
7.7%
UD03.L
2.7%

Healthcare

UB17.L
6.0%
UD03.L
4.1%

Consumer Defensive

UB17.L
5.2%
UD03.L
14.6%

Communication Services

UB17.L
5.1%
UD03.L
3.1%

Consumer Cyclical

UB17.L
4.5%
UD03.L
7.0%

Basic Materials

UB17.L
3.5%
UD03.L
4.2%

Technology

UB17.L
2.4%
UD03.L
16.2%

Real Estate

UB17.L
1.5%
UD03.L

-

Compare stocks, funds, or ETFs

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

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

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 UD03.L:
UD03.L vs. XUEK.LUD03.L vs. CE2D.LUD03.L vs. IEDL.LUD03.L vs. IEFS.LUD03.L vs. EUDI.LUD03.L vs. HDEU.LUD03.L vs. OMXS.L

Return for Risk

UB17.L vs. UD03.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
UD03.L
UD03.L Risk / Return Rank: 9090
Overall Rank
UD03.L Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
UD03.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
UD03.L Omega Ratio Rank: 9292
Omega Ratio Rank
UD03.L Calmar Ratio Rank: 9191
Calmar Ratio Rank
UD03.L Martin Ratio Rank: 8282
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. UD03.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 UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (UD03.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.LUD03.LDifference
Sharpe ratioReturn per unit of total volatility
2.13
3.47

-1.35

Sortino ratioReturn per unit of downside risk
2.87
4.46

-1.59

Omega ratioGain probability vs. loss probability

1.38

1.61

-0.23

Calmar ratioReturn relative to maximum drawdown

3.10

5.70

-2.59

Martin ratioReturn relative to average drawdown

10.19

16.25

-6.05

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. UD03.L - Sharpe Ratio Comparison

The current UB17.L Sharpe Ratio is 2.13, which is lower than the UD03.L Sharpe Ratio of 3.47. The chart below compares the historical Sharpe Ratios of UB17.L and UD03.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.LUD03.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.13

3.47

-1.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.31

1.75

-0.44

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.94

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.00

1.19

-0.19

Drawdowns

UB17.L vs. UD03.L - Drawdown Comparison

The maximum UB17.L drawdown since its inception was -38.67%, which is greater than UD03.L's maximum drawdown of -30.85%. Use the drawdown chart below to compare losses from any high point for UB17.L and UD03.L.

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Drawdown Indicators

UB17.LUD03.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.67%

-30.85%

-7.82%

Max Drawdown (1Y)

Largest decline over 1 year

-9.68%

-9.80%

+0.12%

Max Drawdown (3Y)

Largest decline over 3 years

-12.56%

-11.72%

-0.84%

Max Drawdown (5Y)

Largest decline over 5 years

-19.05%

-18.67%

-0.38%

Max Drawdown (10Y)

Largest decline over 10 years

-38.67%

—

—

Current Drawdown

Current decline from peak

-1.42%

-1.19%

-0.23%

Average Drawdown

Average peak-to-trough decline

-5.25%

-3.31%

-1.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.08%

3.56%

-0.48%

Volatility

UB17.L vs. UD03.L - Volatility Comparison

UBS ETF (LU) MSCI EMU Value UCITS ETF (EUR) A-dis (UB17.L) and UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (UD03.L) have volatilities of 3.60% and 3.58%, 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

UB17.LUD03.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.60%

3.58%

+0.02%

Volatility (6M)

Calculated over the trailing 6-month period

10.59%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

14.13%

16.13%

-2.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.03%

27.46%

-7.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.37%

47.29%

-20.92%

UB17.L vs. UD03.L - Expense Ratio Comparison

UB17.L has a 0.25% expense ratio, which is lower than UD03.L's 0.28% expense ratio.

Dividends

UB17.L vs. UD03.L - Dividend Comparison

UB17.L's dividend yield for the trailing twelve months is around 3.77%, more than UD03.L's 2.54% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
UD03.L
UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis		2.54%2.97%2.84%3.67%3.96%3.50%2.07%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

UB17.L and UD03.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, UB17.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UB17.L is cheaper with a 0.25% expense ratio, compared with 0.28% for UD03.L.

Both ETFs track MSCI EMU NR EUR. Their fees differ too: 0.25% for UB17.L and 0.28% for UD03.L.

Portfolio Optimizer

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