UBU5.DE vs. PHSP.L

Last updated Jul 16, 2026

UBU5.DE (UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis) and PHSP.L (WisdomTree Physical Silver) are both exchange-traded funds - UBU5.DE is a Large Cap Value Equities fund tracking the MSCI USA Value, while PHSP.L is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 10 years, UBU5.DE returned 9.71%/yr vs 10.22%/yr for PHSP.L. At a 0.06 correlation, their price movements are largely independent. UBU5.DE charges 0.20%/yr vs 0.49%/yr for PHSP.L.

Performance

UBU5.DE vs. PHSP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis (UBU5.DE) and WisdomTree Physical Silver (PHSP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

UBU5.DE is traded in EUR, while PHSP.L is traded in GBp. To make them comparable, the PHSP.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, UBU5.DE achieves a 14.02% return, which is significantly higher than PHSP.L's -17.42% return. Over the past 10 years, UBU5.DE has underperformed PHSP.L with an annualized return of 9.71%, while PHSP.L has yielded a comparatively higher 10.22% annualized return.

UBU5.DE

• 1D: 0.10%
• 1M: 1.67%
• 6M: 10.77%
• YTD: 14.02%
• 1Y: 20.89%
• 3Y*: 14.42%
• 5Y*: 10.33%
• 10Y*: 9.71%

PHSP.L

• 1D: -2.18%
• 1M: -17.20%
• 6M: -35.95%
• YTD: -17.42%
• 1Y: 54.54%
• 3Y*: 30.95%
• 5Y*: 17.74%
• 10Y*: 10.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UBU5.DE vs. PHSP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UBU5.DE UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis	14.02%	1.27%	20.12%	5.47%	-1.48%	38.86%	-9.65%	28.22%	-4.23%	0.98%
PHSP.L WisdomTree Physical Silver	-17.42%	117.70%	28.78%	-4.53%	9.55%	-6.39%	33.20%	19.73%	-4.74%	-9.39%

Correlation

The correlation between UBU5.DE and PHSP.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Apr 11, 2012	0.06

The correlation between UBU5.DE and PHSP.L shifts across timeframes, from 0.05 (10 years) to 0.17 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

UBU5.DE vs. PHSP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UBU5.DE

UBU5.DE Risk / Return Rank: 86
UBU5.DE Sharpe Ratio Rank: 84
UBU5.DE Sortino Ratio Rank: 83
UBU5.DE Omega Ratio Rank: 83
UBU5.DE Calmar Ratio Rank: 91
UBU5.DE Martin Ratio Rank: 89

PHSP.L

PHSP.L Risk / Return Rank: 29
PHSP.L Sharpe Ratio Rank: 30
PHSP.L Sortino Ratio Rank: 31
PHSP.L Omega Ratio Rank: 36
PHSP.L Calmar Ratio Rank: 26
PHSP.L Martin Ratio Rank: 22

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.

UBU5.DE vs. PHSP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis (UBU5.DE) and WisdomTree Physical Silver (PHSP.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	UBU5.DE	PHSP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.15	0.96	+1.18
Sortino ratio: Return per unit of downside risk	2.97	1.48	+1.49
Omega ratio: Gain probability vs. loss probability	1.39	1.21	+0.18
Calmar ratio: Return relative to maximum drawdown	4.43	1.14	+3.28
Martin ratio: Return relative to average drawdown	15.57	2.36	+13.20

UBU5.DE vs. PHSP.L - Sharpe Ratio Comparison

The current UBU5.DE Sharpe Ratio is 2.15, which is higher than the PHSP.L Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of UBU5.DE and PHSP.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.

Drawdowns

UBU5.DE vs. PHSP.L - Drawdown Comparison

The maximum UBU5.DE drawdown since its inception was -36.36%, smaller than the maximum PHSP.L drawdown of -71.39%. Use the drawdown chart below to compare losses from any high point for UBU5.DE and PHSP.L.

Drawdown Indicators

	UBU5.DE	PHSP.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.36%	-71.39%	+35.03%
Max Drawdown (1Y) Largest decline over 1 year	-4.70%	-47.40%	+42.70%
Max Drawdown (3Y) Largest decline over 3 years	-19.86%	-47.40%	+27.54%
Max Drawdown (5Y) Largest decline over 5 years	-19.86%	-47.40%	+27.54%
Max Drawdown (10Y) Largest decline over 10 years	-36.36%	-47.40%	+11.04%
Current Drawdown Current decline from peak	-0.60%	-47.27%	+46.67%
Average Drawdown Average peak-to-trough decline	-5.88%	-42.75%	+36.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	23.02%	-21.68%

Volatility

UBU5.DE vs. PHSP.L - Volatility Comparison

The current volatility for UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis (UBU5.DE) is 2.19%, while WisdomTree Physical Silver (PHSP.L) has a volatility of 13.57%. This indicates that UBU5.DE experiences smaller price fluctuations and is considered to be less risky than PHSP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UBU5.DE	PHSP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.19%	13.57%	-11.38%
Volatility (6M) Calculated over the trailing 6-month period	6.39%	50.57%	-44.18%
Volatility (1Y) Calculated over the trailing 1-year period	9.68%	56.34%	-46.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.32%	37.10%	-23.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.42%	31.14%	-15.72%

UBU5.DE vs. PHSP.L - Expense Ratio Comparison

UBU5.DE has a 0.20% expense ratio, which is lower than PHSP.L's 0.49% expense ratio.

Dividends

UBU5.DE vs. PHSP.L - Dividend Comparison

UBU5.DE's dividend yield for the trailing twelve months is around 1.35%, while PHSP.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PHSP.L WisdomTree Physical Silver	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UBU5.DE UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis	1.35%	2.11%	1.74%	2.03%	1.92%	1.52%	2.49%	1.97%	2.53%	2.04%	2.32%	2.27%

Frequently Asked Questions

Can I hold both UBU5.DE and PHSP.L in my portfolio?

UBU5.DE and PHSP.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UBU5.DE or PHSP.L?

On fees, UBU5.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UBU5.DE or PHSP.L?

UBU5.DE is cheaper with a 0.20% expense ratio, compared with 0.49% for PHSP.L.

What is the main difference between UBU5.DE and PHSP.L?

UBU5.DE is categorized as Large Cap Value Equities, while PHSP.L is Silver. UBU5.DE tracks MSCI USA Value, while PHSP.L tracks LBMA Silver Price. They also come from different issuers: UBS and WisdomTree. Their fees differ too: 0.20% for UBU5.DE and 0.49% for PHSP.L.