UBU9.DE vs. IBCF.DE
UBU9.DE (UBS Core S&P 500 UCITS ETF USD dis) and IBCF.DE (iShares S&P 500 EUR Hedged UCITS ETF (Acc)) are both S&P 500 funds - UBU9.DE tracks the S&P 500 while IBCF.DE tracks the S&P 500 EUR Hedged Index. Both are passively managed. Over the past 10 years, UBU9.DE returned 14.73%/yr vs 12.48%/yr for IBCF.DE. Their correlation of 0.83 suggests significant overlap in exposure. UBU9.DE charges 0.03%/yr vs 0.20%/yr for IBCF.DE.
Performance
UBU9.DE vs. IBCF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UBU9.DE achieves a 11.29% return, which is significantly higher than IBCF.DE's 8.84% return. Over the past 10 years, UBU9.DE has outperformed IBCF.DE with an annualized return of 14.73%, while IBCF.DE has yielded a comparatively lower 12.48% annualized return.
UBU9.DE
- 1D
- -0.13%
- 1M
- 4.33%
- YTD
- 11.29%
- 6M
- 10.76%
- 1Y
- 25.48%
- 3Y*
- 18.75%
- 5Y*
- 14.63%
- 10Y*
- 14.73%
IBCF.DE
- 1D
- -0.02%
- 1M
- 3.14%
- YTD
- 8.84%
- 6M
- 9.31%
- 1Y
- 24.23%
- 3Y*
- 19.50%
- 5Y*
- 11.10%
- 10Y*
- 12.48%
UBU9.DE vs. IBCF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UBU9.DE UBS Core S&P 500 UCITS ETF USD dis | 11.29% | 4.68% | 32.18% | 22.24% | -14.31% | 40.34% | 6.45% | 34.24% | -1.39% | 6.52% |
IBCF.DE iShares S&P 500 EUR Hedged UCITS ETF (Acc) | 8.84% | 15.42% | 22.97% | 23.21% | -21.83% | 28.51% | 14.47% | 27.13% | -8.40% | 18.78% |
Correlation
The correlation between UBU9.DE and IBCF.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 31, 2012 | 0.83 |
The correlation between UBU9.DE and IBCF.DE has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
UBU9.DE vs. IBCF.DE — Risk / Return Rank
UBU9.DE
IBCF.DE
UBU9.DE vs. IBCF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS Core S&P 500 UCITS ETF USD dis (UBU9.DE) and iShares S&P 500 EUR Hedged UCITS ETF (Acc) (IBCF.DE). 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.
| UBU9.DE | IBCF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 2.81 | +0.71 |
| Martin ratioReturn relative to average drawdown | 12.53 | 12.07 | +0.46 |
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
| UBU9.DE | IBCF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 2.08 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.69 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 0.76 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.72 | +0.21 |
Drawdowns
UBU9.DE vs. IBCF.DE - Drawdown Comparison
The maximum UBU9.DE drawdown since its inception was -33.82%, roughly equal to the maximum IBCF.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for UBU9.DE and IBCF.DE.
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Drawdown Indicators
| UBU9.DE | IBCF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.82% | -35.06% | +1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -8.72% | +1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -23.30% | -18.34% | -4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -23.30% | -26.23% | +2.93% |
Max Drawdown (10Y)Largest decline over 10 years | -33.82% | -35.06% | +1.24% |
Current DrawdownCurrent decline from peak | -0.45% | -0.55% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -4.41% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.04% | -0.01% |
Volatility
UBU9.DE vs. IBCF.DE - Volatility Comparison
The current volatility for UBS Core S&P 500 UCITS ETF USD dis (UBU9.DE) is 2.66%, while iShares S&P 500 EUR Hedged UCITS ETF (Acc) (IBCF.DE) has a volatility of 3.08%. This indicates that UBU9.DE experiences smaller price fluctuations and is considered to be less risky than IBCF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UBU9.DE | IBCF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 3.08% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 7.60% | 8.63% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.55% | 11.79% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 16.02% | -0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.10% | 16.34% | -0.24% |
UBU9.DE vs. IBCF.DE - Expense Ratio Comparison
UBU9.DE has a 0.03% expense ratio, which is lower than IBCF.DE'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
UBU9.DE vs. IBCF.DE - Dividend Comparison
UBU9.DE's dividend yield for the trailing twelve months is around 0.80%, while IBCF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCF.DE iShares S&P 500 EUR Hedged UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UBU9.DE UBS Core S&P 500 UCITS ETF USD dis | 0.80% | 0.90% | 0.88% | 1.05% | 1.22% | 0.75% | 1.23% | 1.21% | 1.30% | 1.35% | 1.51% | 1.38% |
Frequently Asked Questions
UBU9.DE and IBCF.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UBU9.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UBU9.DE is cheaper with a 0.03% expense ratio, compared with 0.20% for IBCF.DE.
UBU9.DE tracks S&P 500, while IBCF.DE tracks S&P 500 EUR Hedged Index. They also come from different issuers: UBS and iShares. Their fees differ too: 0.03% for UBU9.DE and 0.20% for IBCF.DE.
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