UBTS.L vs. VEVE.L
UBTS.L (UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis) and VEVE.L (Vanguard FTSE Developed World UCITS ETF Distributing) are both exchange-traded funds - UBTS.L is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, while VEVE.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, UBTS.L returned 3.32%/yr vs 13.29%/yr for VEVE.L. At a 0.18 correlation, their price movements are largely independent. UBTS.L charges 0.15%/yr vs 0.12%/yr for VEVE.L.
Performance
UBTS.L vs. VEVE.L - Performance Comparison
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Different Trading Currencies
UBTS.L is traded in GBp, while VEVE.L is traded in GBP. To make them comparable, the VEVE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UBTS.L achieves a 1.80% return, which is significantly lower than VEVE.L's 11.86% return.
UBTS.L
- 1D
- -0.10%
- 1M
- 0.69%
- YTD
- 1.80%
- 6M
- 0.83%
- 1Y
- 5.77%
- 3Y*
- 2.02%
- 5Y*
- 3.32%
- 10Y*
- —
VEVE.L
- 1D
- -0.07%
- 1M
- 5.51%
- YTD
- 11.86%
- 6M
- 12.36%
- 1Y
- 29.91%
- 3Y*
- 18.36%
- 5Y*
- 13.29%
- 10Y*
- 14.04%
UBTS.L vs. VEVE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UBTS.L UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis | 1.80% | -0.11% | 4.95% | -1.59% | 3.39% | 6.97% | 4.62% | 3.52% | 5.25% | -7.29% |
VEVE.L Vanguard FTSE Developed World UCITS ETF Distributing | 11.86% | 13.81% | 20.22% | 17.45% | -8.34% | 22.68% | 12.44% | 22.90% | -4.39% | 12.62% |
Correlation
The correlation between UBTS.L and VEVE.L is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2016 | 0.18 |
The correlation between UBTS.L and VEVE.L shifts across timeframes, from 0.04 (5 years) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UBTS.L vs. VEVE.L — Risk / Return Rank
UBTS.L
VEVE.L
UBTS.L vs. VEVE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis (UBTS.L) and Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.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.
| UBTS.L | VEVE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.55 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 4.29 | -3.14 |
| Martin ratioReturn relative to average drawdown | 3.08 | 17.65 | -14.57 |
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
| UBTS.L | VEVE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 2.89 | -1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 1.01 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.98 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.91 | -0.65 |
Drawdowns
UBTS.L vs. VEVE.L - Drawdown Comparison
The maximum UBTS.L drawdown since its inception was -15.99%, smaller than the maximum VEVE.L drawdown of -25.52%. Use the drawdown chart below to compare losses from any high point for UBTS.L and VEVE.L.
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Drawdown Indicators
| UBTS.L | VEVE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.99% | -25.52% | +9.53% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -6.94% | +1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -7.52% | -18.34% | +10.82% |
Max Drawdown (5Y)Largest decline over 5 years | -15.99% | -18.34% | +2.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.52% | — |
Current DrawdownCurrent decline from peak | -5.74% | -0.35% | -5.39% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -3.41% | -3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 1.69% | +0.18% |
Volatility
UBTS.L vs. VEVE.L - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis (UBTS.L) is 1.78%, while Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) has a volatility of 2.72%. This indicates that UBTS.L experiences smaller price fluctuations and is considered to be less risky than VEVE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UBTS.L | VEVE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 2.72% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 7.55% | -2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.29% | 10.31% | -4.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.15% | 13.09% | -4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.68% | 14.33% | -5.65% |
UBTS.L vs. VEVE.L - Expense Ratio Comparison
UBTS.L has a 0.15% expense ratio, which is higher than VEVE.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
UBTS.L vs. VEVE.L - Dividend Comparison
UBTS.L's dividend yield for the trailing twelve months is around 4.01%, more than VEVE.L's 1.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UBTS.L UBS ETF (LU) Bloomberg TIPS 1-10 UCITS ETF (USD) A-dis | 4.01% | 3.26% | 4.42% | 4.57% | 6.66% | 2.83% | 0.84% | 2.30% | 2.38% | 1.27% | 0.00% | 0.00% |
VEVE.L Vanguard FTSE Developed World UCITS ETF Distributing | 1.23% | 1.38% | 1.48% | 1.71% | 1.98% | 1.46% | 1.62% | 1.95% | 2.24% | 1.93% | 1.88% | 2.03% |
Frequently Asked Questions
UBTS.L and VEVE.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEVE.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEVE.L is cheaper with a 0.12% expense ratio, compared with 0.15% for UBTS.L.
UBTS.L is categorized as Inflation-Protected Bonds, while VEVE.L is Global Equities. UBTS.L tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while VEVE.L tracks MSCI ACWI NR USD. They also come from different issuers: UBS and Vanguard. Their fees differ too: 0.15% for UBTS.L and 0.12% for VEVE.L.
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