UBUT.DE vs. QVML
UBUT.DE (UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis) and QVML (Invesco S&P 500 QVM Multi-factor ETF) are both exchange-traded funds - UBUT.DE is a Large Cap Blend Equities fund tracking the MSCI USA Quality, while QVML is a Multi-factor fund tracking the S&P 500 Quality, Value &Momentum Top 90% Multi-Factor Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, UBUT.DE returned 18.17%/yr vs 19.49%/yr for QVML. A 0.60 correlation means they provide meaningful diversification when combined. UBUT.DE charges 0.25%/yr vs 0.11%/yr for QVML.
Performance
UBUT.DE vs. QVML - Performance Comparison
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Different Trading Currencies
UBUT.DE is traded in EUR, while QVML is traded in USD. To make them comparable, the QVML 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 11.13% return, which is significantly lower than QVML's 12.88% return.
UBUT.DE
- 1D
- 0.48%
- 1M
- 6.45%
- YTD
- 11.13%
- 6M
- 11.84%
- 1Y
- 26.41%
- 3Y*
- 18.17%
- 5Y*
- 14.55%
- 10Y*
- 15.97%
QVML
- 1D
- 0.26%
- 1M
- 5.29%
- YTD
- 12.88%
- 6M
- 12.26%
- 1Y
- 26.07%
- 3Y*
- 19.49%
- 5Y*
- —
- 10Y*
- —
UBUT.DE vs. QVML - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UBUT.DE UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 11.13% | 4.89% | 28.17% | 31.45% | -19.44% | 16.88% |
QVML Invesco S&P 500 QVM Multi-factor ETF | 12.88% | 3.77% | 34.18% | 18.52% | -11.06% | 17.43% |
Correlation
The correlation between UBUT.DE and QVML is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | 0.60 |
The correlation between UBUT.DE and QVML has been stable across timeframes, ranging from 0.60 to 0.66 - a consistent structural relationship.
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Return for Risk
UBUT.DE vs. QVML — Risk / Return Rank
UBUT.DE
QVML
UBUT.DE vs. QVML - 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 Multi-factor ETF (QVML). 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 | QVML | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.40 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 3.65 | -0.80 |
| Martin ratioReturn relative to average drawdown | 10.00 | 13.84 | -3.84 |
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 | QVML | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 2.17 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.88 | +0.02 |
Drawdowns
UBUT.DE vs. QVML - Drawdown Comparison
The maximum UBUT.DE drawdown since its inception was -30.47%, which is greater than QVML's maximum drawdown of -23.55%. Use the drawdown chart below to compare losses from any high point for UBUT.DE and QVML.
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Drawdown Indicators
| UBUT.DE | QVML | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.47% | -23.55% | -6.92% |
Max Drawdown (1Y)Largest decline over 1 year | -9.23% | -7.18% | -2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -24.78% | -23.55% | -1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -24.78% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.47% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.05% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -4.60% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 1.89% | +0.74% |
Volatility
UBUT.DE vs. QVML - Volatility Comparison
UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.DE) has a higher volatility of 3.48% compared to Invesco S&P 500 QVM Multi-factor ETF (QVML) at 2.23%. This indicates that UBUT.DE's price experiences larger fluctuations and is considered to be riskier than QVML 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 | QVML | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 2.23% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.10% | 8.62% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.25% | 12.10% | +1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.79% | 16.57% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 16.57% | +0.37% |
UBUT.DE vs. QVML - Expense Ratio Comparison
UBUT.DE has a 0.25% expense ratio, which is higher than QVML's 0.11% 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
UBUT.DE vs. QVML - Dividend Comparison
UBUT.DE's dividend yield for the trailing twelve months is around 0.35%, less than QVML's 0.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
QVML Invesco S&P 500 QVM Multi-factor ETF | 0.99% | 1.10% | 1.15% | 1.43% | 1.72% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UBUT.DE UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis | 0.35% | 0.42% | 0.60% | 0.78% | 0.78% | 0.62% | 0.88% | 0.66% | 1.07% | 0.85% | 0.96% |
Frequently Asked Questions
UBUT.DE and QVML have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QVML is cheaper at 0.11% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QVML is cheaper with a 0.11% expense ratio, compared with 0.25% for UBUT.DE.
UBUT.DE is categorized as Large Cap Blend Equities, while QVML is Multi-factor. UBUT.DE tracks MSCI USA Quality, while QVML tracks S&P 500 Quality, Value &Momentum Top 90% Multi-Factor Index - Benchmark TR Gross. They also come from different issuers: UBS and Invesco. Their fees differ too: 0.25% for UBUT.DE and 0.11% for QVML.
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