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UB45.L vs. UB20.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UB45.L vs. UB20.L

Last updated Jun 5, 2026

UB45.L (UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) A-dis) and UB20.L (UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis) are both Asia Pacific Equities funds from UBS - UB45.L tracks the MSCI AC Asia Pacific NR USD while UB20.L tracks the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past 10 years, UB45.L returned 7.61%/yr vs 8.09%/yr for UB20.L. At a 0.44 correlation, their price movements are largely independent. UB45.L charges 0.40%/yr vs 0.30%/yr for UB20.L.

Performance

UB45.L vs. UB20.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) A-dis (UB45.L) and UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (UB20.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with UB45.L having a 8.51% return and UB20.L slightly higher at 8.88%. Over the past 10 years, UB45.L has underperformed UB20.L with an annualized return of 7.61%, while UB20.L has yielded a comparatively higher 8.09% annualized return.

UB45.L

1D
-0.79%
1M
1.90%
YTD
8.51%
6M
8.87%
1Y
16.93%
3Y*
7.81%
5Y*
5.06%
10Y*
7.61%

UB20.L

1D
-0.89%
1M
-2.02%
YTD
8.88%
6M
9.45%
1Y
16.94%
3Y*
10.59%
5Y*
6.00%
10Y*
8.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UB45.L vs. UB20.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UB45.L
UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) A-dis		8.51%9.37%4.53%7.70%-8.77%2.31%12.19%18.74%-9.12%10.67%
UB20.L
UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis		8.88%12.00%6.98%-0.60%5.80%5.29%2.35%16.21%-6.21%14.50%

Correlation

The correlation between UB45.L and UB20.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

0.57

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

0.51

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

0.48

Correlation (All Time)
Calculated using the full available price history since Jan 8, 2014

0.44

The correlation between UB45.L and UB20.L shifts across timeframes, from 0.44 (all time) to 0.57 (3 years), reflecting how their relationship changes across market environments.

UB45.L vs. UB20.L - Sectors Allocation Comparison

Sectors
UB45.L
UB20.L

Financial Services

26.7%
46.1%

Industrials

17.8%
8.5%

Technology

17.7%
1.1%

Communication Services

9.4%
2.7%

Basic Materials

7.6%
14.6%

Healthcare

6.7%
3.7%

Consumer Cyclical

5.9%
6.0%

Real Estate

4.1%
7.8%

Consumer Defensive

4.0%
3.0%

Energy

-

2.9%

Utilities

-

3.6%

Financial Services

UB45.L
26.7%
UB20.L
46.1%

Industrials

UB45.L
17.8%
UB20.L
8.5%

Technology

UB45.L
17.7%
UB20.L
1.1%

Communication Services

UB45.L
9.4%
UB20.L
2.7%

Basic Materials

UB45.L
7.6%
UB20.L
14.6%

Healthcare

UB45.L
6.7%
UB20.L
3.7%

Consumer Cyclical

UB45.L
5.9%
UB20.L
6.0%

Real Estate

UB45.L
4.1%
UB20.L
7.8%

Consumer Defensive

UB45.L
4.0%
UB20.L
3.0%

Energy

UB45.L

-

UB20.L
2.9%

Utilities

UB45.L

-

UB20.L
3.6%

Compare stocks, funds, or ETFs

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UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) A-dis

UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis

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Often compared with UB20.L:
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Return for Risk

UB45.L vs. UB20.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UB45.L
UB45.L Risk / Return Rank: 3131
Overall Rank
UB45.L Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
UB45.L Sortino Ratio Rank: 2929
Sortino Ratio Rank
UB45.L Omega Ratio Rank: 2929
Omega Ratio Rank
UB45.L Calmar Ratio Rank: 3333
Calmar Ratio Rank
UB45.L Martin Ratio Rank: 3535
Martin Ratio Rank
UB20.L
UB20.L Risk / Return Rank: 4848
Overall Rank
UB20.L Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
UB20.L Sortino Ratio Rank: 5151
Sortino Ratio Rank
UB20.L Omega Ratio Rank: 4646
Omega Ratio Rank
UB20.L Calmar Ratio Rank: 5050
Calmar Ratio Rank
UB20.L Martin Ratio Rank: 4747
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.

UB45.L vs. UB20.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) A-dis (UB45.L) and UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (UB20.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.

UB45.LUB20.LDifference
Sharpe ratioReturn per unit of total volatility
1.02
1.62

-0.60

Sortino ratioReturn per unit of downside risk
1.54
2.42

-0.88

Omega ratioGain probability vs. loss probability

1.19

1.29

-0.10

Calmar ratioReturn relative to maximum drawdown

1.60

2.46

-0.85

Martin ratioReturn relative to average drawdown

5.30

7.51

-2.21

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

UB45.L vs. UB20.L - Sharpe Ratio Comparison

The current UB45.L Sharpe Ratio is 1.02, which is lower than the UB20.L Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of UB45.L and UB20.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

UB45.LUB20.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.02

1.62

-0.60

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.34

0.47

-0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.66

-0.13

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.68

-0.12

Drawdowns

UB45.L vs. UB20.L - Drawdown Comparison

The maximum UB45.L drawdown since its inception was -23.46%, smaller than the maximum UB20.L drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for UB45.L and UB20.L.

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Drawdown Indicators

UB45.LUB20.LDifference

Max Drawdown

Largest peak-to-trough decline

-23.46%

-30.04%

+6.58%

Max Drawdown (1Y)

Largest decline over 1 year

-10.11%

-7.32%

-2.79%

Max Drawdown (3Y)

Largest decline over 3 years

-14.14%

-17.80%

+3.66%

Max Drawdown (5Y)

Largest decline over 5 years

-17.65%

-17.80%

+0.15%

Max Drawdown (10Y)

Largest decline over 10 years

-23.46%

-30.04%

+6.58%

Current Drawdown

Current decline from peak

-0.79%

-3.03%

+2.24%

Average Drawdown

Average peak-to-trough decline

-5.36%

-5.59%

+0.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.07%

2.37%

+0.70%

Volatility

UB45.L vs. UB20.L - Volatility Comparison

The current volatility for UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) A-dis (UB45.L) is 3.32%, while UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (UB20.L) has a volatility of 3.70%. This indicates that UB45.L experiences smaller price fluctuations and is considered to be less risky than UB20.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UB45.LUB20.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.32%

3.70%

-0.38%

Volatility (6M)

Calculated over the trailing 6-month period

12.66%

8.48%

+4.18%

Volatility (1Y)

Calculated over the trailing 1-year period

15.87%

11.12%

+4.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.68%

15.34%

-0.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.99%

18.15%

-2.16%

UB45.L vs. UB20.L - Expense Ratio Comparison

UB45.L has a 0.40% expense ratio, which is higher than UB20.L's 0.30% expense ratio.

Dividends

UB45.L vs. UB20.L - Dividend Comparison

UB45.L's dividend yield for the trailing twelve months is around 1.43%, less than UB20.L's 2.93% yield.

PositionTTM20252024202320222021202020192018201720162015
UB20.L
UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis		2.93%3.86%3.26%3.97%3.64%2.60%3.05%4.03%4.36%3.43%4.00%5.16%
UB45.L
UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) A-dis		1.43%1.87%1.81%1.88%2.08%1.42%1.73%2.39%2.79%2.48%2.20%2.60%

Frequently Asked Questions

UB45.L and UB20.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, UB20.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UB20.L is cheaper with a 0.30% expense ratio, compared with 0.40% for UB45.L.

UB45.L tracks MSCI AC Asia Pacific NR USD, while UB20.L tracks MSCI Pacific Ex Japan NR USD. Their fees differ too: 0.40% for UB45.L and 0.30% for UB20.L.

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