UBUT.DE vs. PQVG.L
UBUT.DE (UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis) and PQVG.L (Invesco S&P 500 QVM UCITS ETF) are both exchange-traded funds - UBUT.DE is a Large Cap Blend Equities fund tracking the MSCI USA Quality, while PQVG.L is a S&P 500 fund tracking the S&P 500 Quality, Value, and Momentum Multi-Factor Index (Net Total Return). Both are passively managed. Over the past 5 years, UBUT.DE returned 14.22%/yr vs 16.61%/yr for PQVG.L. A 0.74 correlation means they provide meaningful diversification when combined. UBUT.DE charges 0.25%/yr vs 0.35%/yr for PQVG.L.
Performance
UBUT.DE vs. PQVG.L - Performance Comparison
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Different Trading Currencies
UBUT.DE is traded in EUR, while PQVG.L is traded in GBp. To make them comparable, the PQVG.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 lower than PQVG.L's 18.31% 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%
PQVG.L
- 1D
- 0.21%
- 1M
- 5.14%
- YTD
- 18.31%
- 6M
- 19.53%
- 1Y
- 20.93%
- 3Y*
- 20.88%
- 5Y*
- 16.61%
- 10Y*
- —
UBUT.DE vs. PQVG.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% | 7.76% |
PQVG.L Invesco S&P 500 QVM UCITS ETF | 18.31% | 0.32% | 38.68% | 3.12% | 6.74% | 36.09% | -1.23% | 28.87% | -3.19% | -13.80% |
Correlation
The correlation between UBUT.DE and PQVG.L is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since May 18, 2017 | 0.74 |
The correlation between UBUT.DE and PQVG.L shifts across timeframes, from 0.55 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UBUT.DE vs. PQVG.L — Risk / Return Rank
UBUT.DE
PQVG.L
UBUT.DE vs. PQVG.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 Invesco S&P 500 QVM UCITS ETF (PQVG.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 | PQVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 5.46 | -2.75 |
| Martin ratioReturn relative to average drawdown | 9.51 | 14.56 | -5.05 |
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 | PQVG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.94 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 1.06 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.61 | +0.29 |
Drawdowns
UBUT.DE vs. PQVG.L - Drawdown Comparison
The maximum UBUT.DE drawdown since its inception was -30.49%, smaller than the maximum PQVG.L drawdown of -33.27%. Use the drawdown chart below to compare losses from any high point for UBUT.DE and PQVG.L.
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Drawdown Indicators
| UBUT.DE | PQVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.49% | -33.27% | +2.78% |
Max Drawdown (1Y)Largest decline over 1 year | -9.20% | -3.82% | -5.38% |
Max Drawdown (3Y)Largest decline over 3 years | -24.78% | -19.82% | -4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -24.78% | -19.82% | -4.96% |
Max Drawdown (10Y)Largest decline over 10 years | -30.49% | — | — |
Current DrawdownCurrent decline from peak | -0.80% | 0.00% | -0.80% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -7.18% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 1.36% | +1.26% |
Volatility
UBUT.DE vs. PQVG.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 Invesco S&P 500 QVM UCITS ETF (PQVG.L) at 2.33%. This indicates that UBUT.DE's price experiences larger fluctuations and is considered to be riskier than PQVG.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 | PQVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 2.33% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.11% | 7.91% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.26% | 10.75% | +2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.80% | 15.67% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 18.51% | -1.49% |
UBUT.DE vs. PQVG.L - Expense Ratio Comparison
UBUT.DE has a 0.25% expense ratio, which is lower than PQVG.L's 0.35% expense ratio.
Dividends
UBUT.DE vs. PQVG.L - Dividend Comparison
UBUT.DE's dividend yield for the trailing twelve months is around 0.41%, less than PQVG.L's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
PQVG.L Invesco S&P 500 QVM UCITS ETF | 0.77% | 0.83% | 0.82% | 1.61% | 1.77% | 0.88% | 1.59% | 1.41% | 1.30% | 0.72% | 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 PQVG.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UBUT.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UBUT.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for PQVG.L.
UBUT.DE is categorized as Large Cap Blend Equities, while PQVG.L is S&P 500. UBUT.DE tracks MSCI USA Quality, while PQVG.L tracks S&P 500 Quality, Value, and Momentum Multi-Factor Index (Net Total Return). They also come from different issuers: UBS and Invesco. Their fees differ too: 0.25% for UBUT.DE and 0.35% for PQVG.L.
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