UBUT.DE vs. USUE.DE

Last updated Jun 5, 2026

UBUT.DE (UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis) and USUE.DE (UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc) are both Large Cap Blend Equities funds from UBS - UBUT.DE tracks the MSCI USA Quality while USUE.DE tracks the MSCI USA Select Factor Mix. Both are passively managed. Over the past 5 years, UBUT.DE returned 14.55%/yr vs 11.49%/yr for USUE.DE. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

UBUT.DE vs. USUE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.DE) and UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc (USUE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UBUT.DE achieves a 11.13% return, which is significantly lower than USUE.DE's 13.01% 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%

USUE.DE

• 1D: 0.29%
• 1M: 4.91%
• YTD: 13.01%
• 6M: 13.36%
• 1Y: 21.52%
• 3Y*: 15.86%
• 5Y*: 11.49%
• 10Y*: —

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

UBUT.DE vs. USUE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
UBUT.DE UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis	11.13%	4.89%	28.17%	31.45%	-19.44%	39.51%	3.55%
USUE.DE UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc	13.01%	1.00%	25.07%	12.96%	-8.63%	35.62%	-1.09%

Correlation

The correlation between UBUT.DE and USUE.DE is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Feb 10, 2020	0.84

The correlation between UBUT.DE and USUE.DE shifts across timeframes, from 0.70 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

Return for Risk

UBUT.DE vs. USUE.DE — Risk / Return Rank

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

UBUT.DE

UBUT.DE Risk / Return Rank: 59
UBUT.DE Sharpe Ratio Rank: 60
UBUT.DE Sortino Ratio Rank: 60
UBUT.DE Omega Ratio Rank: 59
UBUT.DE Calmar Ratio Rank: 59
UBUT.DE Martin Ratio Rank: 58

USUE.DE

USUE.DE Risk / Return Rank: 66
USUE.DE Sharpe Ratio Rank: 57
USUE.DE Sortino Ratio Rank: 58
USUE.DE Omega Ratio Rank: 55
USUE.DE Calmar Ratio Rank: 83
USUE.DE Martin Ratio Rank: 76

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.

UBUT.DE vs. USUE.DE - 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 UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc (USUE.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.

	UBUT.DE	USUE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.89	+0.10
Sortino ratio: Return per unit of downside risk	2.80	2.73	+0.08
Omega ratio: Gain probability vs. loss probability	1.36	1.33	+0.03
Calmar ratio: Return relative to maximum drawdown	2.85	4.41	-1.56
Martin ratio: Return relative to average drawdown	10.00	14.20	-4.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UBUT.DE vs. USUE.DE - Sharpe Ratio Comparison

The current UBUT.DE Sharpe Ratio is 1.98, which is comparable to the USUE.DE Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of UBUT.DE and USUE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UBUT.DE	USUE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	1.89	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.79	+0.07
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	0.65	+0.25

Drawdowns

UBUT.DE vs. USUE.DE - Drawdown Comparison

The maximum UBUT.DE drawdown since its inception was -30.47%, smaller than the maximum USUE.DE drawdown of -35.36%. Use the drawdown chart below to compare losses from any high point for UBUT.DE and USUE.DE.

Drawdown Indicators

	UBUT.DE	USUE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-30.47%	-35.36%	+4.89%
Max Drawdown (1Y) Largest decline over 1 year	-9.23%	-4.86%	-4.37%
Max Drawdown (3Y) Largest decline over 3 years	-24.78%	-20.79%	-3.99%
Max Drawdown (5Y) Largest decline over 5 years	-24.78%	-20.79%	-3.99%
Max Drawdown (10Y) Largest decline over 10 years	-30.47%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.04%	-5.53%	+0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	1.51%	+1.12%

Volatility

UBUT.DE vs. USUE.DE - 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 UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc (USUE.DE) at 2.84%. This indicates that UBUT.DE's price experiences larger fluctuations and is considered to be riskier than USUE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UBUT.DE	USUE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	2.84%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	9.10%	7.98%	+1.12%
Volatility (1Y) Calculated over the trailing 1-year period	13.25%	11.34%	+1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.79%	14.42%	+2.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	17.33%	-0.39%

UBUT.DE vs. USUE.DE - Expense Ratio Comparison

Both UBUT.DE and USUE.DE 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. USUE.DE - Dividend Comparison

UBUT.DE's dividend yield for the trailing twelve months is around 0.35%, while USUE.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
USUE.DE UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UBUT.DE and USUE.DE in my portfolio?

UBUT.DE and USUE.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UBUT.DE or USUE.DE?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UBUT.DE or USUE.DE?

UBUT.DE and USUE.DE have the same expense ratio: 0.25% per year.

What is the main difference between UBUT.DE and USUE.DE?

UBUT.DE tracks MSCI USA Quality, while USUE.DE tracks MSCI USA Select Factor Mix.