UB74.L vs. UC63.L
UB74.L (UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis) and UC63.L (UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis) are both exchange-traded funds - UB74.L is a Government Bonds fund tracking the Bloomberg US 1-3 Year Treasury Bond Index, while UC63.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, UB74.L returned 2.42%/yr vs 8.91%/yr for UC63.L. At a correlation of -0.03, they often move in opposite directions. UB74.L charges 0.05%/yr vs 0.20%/yr for UC63.L.
Performance
UB74.L vs. UC63.L - Performance Comparison
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Returns By Period
In the year-to-date period, UB74.L achieves a 0.66% return, which is significantly lower than UC63.L's 5.83% return. Over the past 10 years, UB74.L has underperformed UC63.L with an annualized return of 2.42%, while UC63.L has yielded a comparatively higher 8.91% annualized return.
UB74.L
- 1D
- 0.12%
- 1M
- 1.13%
- YTD
- 0.66%
- 6M
- 0.25%
- 1Y
- 4.37%
- 3Y*
- 1.43%
- 5Y*
- 2.86%
- 10Y*
- 2.42%
UC63.L
- 1D
- 0.09%
- 1M
- 1.35%
- YTD
- 5.83%
- 6M
- 8.04%
- 1Y
- 21.74%
- 3Y*
- 14.65%
- 5Y*
- 12.25%
- 10Y*
- 8.91%
UB74.L vs. UC63.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 0.66% | -2.06% | 5.76% | -1.65% | 7.62% | 0.57% | -0.46% | 0.26% | 7.13% | -8.67% |
UC63.L UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis | 5.83% | 25.75% | 9.16% | 6.95% | 7.38% | 19.00% | -13.55% | 16.32% | -9.35% | 12.54% |
Correlation
The correlation between UB74.L and UC63.L is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2013 | -0.03 |
The correlation between UB74.L and UC63.L shifts across timeframes, from -0.22 (5 years) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UB74.L vs. UC63.L — Risk / Return Rank
UB74.L
UC63.L
UB74.L vs. UC63.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.L) and UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis (UC63.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.
| UB74.L | UC63.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.36 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 2.39 | -1.45 |
| Martin ratioReturn relative to average drawdown | 2.39 | 8.18 | -5.79 |
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
| UB74.L | UC63.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 1.93 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.95 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.59 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.48 | -0.21 |
Drawdowns
UB74.L vs. UC63.L - Drawdown Comparison
The maximum UB74.L drawdown since its inception was -18.81%, smaller than the maximum UC63.L drawdown of -34.55%. Use the drawdown chart below to compare losses from any high point for UB74.L and UC63.L.
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Drawdown Indicators
| UB74.L | UC63.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.81% | -34.55% | +15.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.61% | -9.05% | +4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -8.93% | -12.95% | +4.02% |
Max Drawdown (5Y)Largest decline over 5 years | -16.33% | -12.95% | -3.38% |
Max Drawdown (10Y)Largest decline over 10 years | -18.81% | -34.55% | +15.74% |
Current DrawdownCurrent decline from peak | -7.81% | -4.19% | -3.62% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -4.76% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 2.65% | -0.83% |
Volatility
UB74.L vs. UC63.L - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.L) is 1.70%, while UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis (UC63.L) has a volatility of 4.04%. This indicates that UB74.L experiences smaller price fluctuations and is considered to be less risky than UC63.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UB74.L | UC63.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 4.04% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 9.72% | -5.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.14% | 11.19% | -5.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.08% | 12.88% | -4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.27% | 15.11% | -5.84% |
UB74.L vs. UC63.L - Expense Ratio Comparison
UB74.L has a 0.05% expense ratio, which is lower than UC63.L's 0.20% 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
UB74.L vs. UC63.L - Dividend Comparison
UB74.L's dividend yield for the trailing twelve months is around 3.69%, more than UC63.L's 2.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 3.69% | 4.94% | 3.67% | 2.23% | 0.41% | 0.36% | 1.68% | 2.28% | 1.10% | 0.65% | 0.62% | 0.41% |
UC63.L UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis | 2.87% | 2.73% | 3.12% | 3.69% | 3.71% | 3.22% | 3.86% | 4.21% | 3.55% | 4.46% | 2.14% | 4.44% |
Frequently Asked Questions
UB74.L and UC63.L have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UB74.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UB74.L is cheaper with a 0.05% expense ratio, compared with 0.20% for UC63.L.
UB74.L is categorized as Government Bonds, while UC63.L is Europe Equities. UB74.L tracks Bloomberg US 1-3 Year Treasury Bond Index, while UC63.L tracks FTSE AllSh TR GBP. Their fees differ too: 0.05% for UB74.L and 0.20% for UC63.L.
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