UBUT.DE vs. IMV.L
UBUT.DE (UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis) and IMV.L (iShares Edge MSCI Europe Min Volatility UCITS) are both exchange-traded funds - UBUT.DE is a Large Cap Blend Equities fund tracking the MSCI USA Quality, while IMV.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, UBUT.DE returned 15.92%/yr vs 6.92%/yr for IMV.L. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
UBUT.DE vs. IMV.L - Performance Comparison
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Different Trading Currencies
UBUT.DE is traded in EUR, while IMV.L is traded in GBp. To make them comparable, the IMV.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, UBUT.DE achieves a 10.28% return, which is significantly higher than IMV.L's 5.88% return. Over the past 10 years, UBUT.DE has outperformed IMV.L with an annualized return of 15.92%, while IMV.L has yielded a comparatively lower 6.92% annualized return.
UBUT.DE
- 1D
- -0.31%
- 1M
- 3.96%
- YTD
- 10.28%
- 6M
- 10.86%
- 1Y
- 24.77%
- 3Y*
- 18.28%
- 5Y*
- 14.22%
- 10Y*
- 15.92%
IMV.L
- 1D
- -0.05%
- 1M
- 1.95%
- YTD
- 5.88%
- 6M
- 7.71%
- 1Y
- 5.46%
- 3Y*
- 10.71%
- 5Y*
- 7.22%
- 10Y*
- 6.92%
UBUT.DE vs. IMV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UBUT.DE UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 10.28% | 4.94% | 28.23% | 31.58% | -19.43% | 39.75% | 10.58% | 41.48% | 1.10% | 9.96% |
IMV.L iShares Edge MSCI Europe Min Volatility UCITS | 5.88% | 11.52% | 11.78% | 10.86% | -12.59% | 21.08% | -4.01% | 23.77% | -4.11% | 8.83% |
Correlation
The correlation between UBUT.DE and IMV.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2015 | 0.54 |
Over the past year, the correlation between UBUT.DE and IMV.L has dropped to 0.31 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
UBUT.DE vs. IMV.L — Risk / Return Rank
UBUT.DE
IMV.L
UBUT.DE vs. IMV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.DE) and iShares Edge MSCI Europe Min Volatility UCITS (IMV.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.
| UBUT.DE | IMV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.12 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 0.75 | +1.96 |
| Martin ratioReturn relative to average drawdown | 9.51 | 2.08 | +7.43 |
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
| UBUT.DE | IMV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 0.61 | +1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.65 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | 0.55 | +0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.47 | +0.42 |
Drawdowns
UBUT.DE vs. IMV.L - Drawdown Comparison
The maximum UBUT.DE drawdown since its inception was -30.49%, roughly equal to the maximum IMV.L drawdown of -30.64%. Use the drawdown chart below to compare losses from any high point for UBUT.DE and IMV.L.
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Drawdown Indicators
| UBUT.DE | IMV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.49% | -30.64% | +0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -7.25% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -24.78% | -10.31% | -14.47% |
Max Drawdown (5Y)Largest decline over 5 years | -24.78% | -19.86% | -4.92% |
Max Drawdown (10Y)Largest decline over 10 years | -30.49% | -30.64% | +0.15% |
Current DrawdownCurrent decline from peak | -0.80% | -3.11% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -5.45% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 2.61% | +0.01% |
Volatility
UBUT.DE vs. IMV.L - Volatility Comparison
UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.DE) has a higher volatility of 3.55% compared to iShares Edge MSCI Europe Min Volatility UCITS (IMV.L) at 2.22%. This indicates that UBUT.DE's price experiences larger fluctuations and is considered to be riskier than IMV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UBUT.DE | IMV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 2.22% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 7.35% | +1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.26% | 9.01% | +4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.80% | 11.15% | +5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 12.62% | +4.40% |
UBUT.DE vs. IMV.L - Expense Ratio Comparison
Both UBUT.DE and IMV.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
UBUT.DE vs. IMV.L - Dividend Comparison
UBUT.DE's dividend yield for the trailing twelve months is around 0.41%, while IMV.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IMV.L iShares Edge MSCI Europe Min Volatility UCITS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UBUT.DE UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 0.41% | 0.47% | 0.65% | 0.84% | 0.84% | 0.74% | 1.00% | 0.74% | 1.28% | 0.95% | 1.06% |
Frequently Asked Questions
UBUT.DE and IMV.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
UBUT.DE and IMV.L have the same expense ratio: 0.25% per year.
UBUT.DE is categorized as Large Cap Blend Equities, while IMV.L is Europe Equities. UBUT.DE tracks MSCI USA Quality, while IMV.L tracks MSCI Europe NR EUR. They also come from different issuers: UBS and iShares.
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