UBXX.L vs. UC96.L

Last updated Jun 5, 2026

UBXX.L (UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis) and UC96.L (UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis) are both exchange-traded funds - UBXX.L is a Emerging Markets Bonds fund tracking the J.P. Morgan EMBI Global Diversified 1-5 Year Index, while UC96.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD. Both are passively managed. Over the past 5 years, UBXX.L returned 2.38%/yr vs 8.01%/yr for UC96.L. At a 0.23 correlation, their price movements are largely independent. UBXX.L charges 0.47%/yr vs 0.25%/yr for UC96.L.

Performance

UBXX.L vs. UC96.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.L) and UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UBXX.L achieves a 2.14% return, which is significantly lower than UC96.L's 6.54% return.

UBXX.L

• 1D: 0.01%
• 1M: 0.40%
• YTD: 2.14%
• 6M: 2.65%
• 1Y: 8.00%
• 3Y*: 8.13%
• 5Y*: 2.38%
• 10Y*: —

UC96.L

• 1D: 0.76%
• 1M: 4.51%
• YTD: 6.54%
• 6M: 6.76%
• 1Y: 19.26%
• 3Y*: 9.16%
• 5Y*: 8.01%
• 10Y*: 10.91%

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

UBXX.L vs. UC96.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
UBXX.L UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis	2.14%	9.71%	7.01%	7.14%	-11.07%	-0.10%	1.69%	5.94%	-1.40%
UC96.L UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis	6.54%	3.55%	8.94%	8.61%	1.61%	29.15%	1.32%	19.93%	0.86%

Correlation

The correlation between UBXX.L and UC96.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Mar 5, 2018	0.23

Return for Risk

UBXX.L vs. UC96.L — Risk / Return Rank

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

UBXX.L

UBXX.L Risk / Return Rank: 88
UBXX.L Sharpe Ratio Rank: 87
UBXX.L Sortino Ratio Rank: 93
UBXX.L Omega Ratio Rank: 92
UBXX.L Calmar Ratio Rank: 81
UBXX.L Martin Ratio Rank: 88

UC96.L

UC96.L Risk / Return Rank: 54
UC96.L Sharpe Ratio Rank: 54
UC96.L Sortino Ratio Rank: 55
UC96.L Omega Ratio Rank: 51
UC96.L Calmar Ratio Rank: 57
UC96.L Martin Ratio Rank: 53

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.

UBXX.L vs. UC96.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.L) and UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.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.

	UBXX.L	UC96.L	Difference
Sharpe ratio: Return per unit of total volatility	2.81	1.80	+1.01
Sortino ratio: Return per unit of downside risk	4.49	2.59	+1.90
Omega ratio: Gain probability vs. loss probability	1.61	1.32	+0.30
Calmar ratio: Return relative to maximum drawdown	4.13	2.79	+1.34
Martin ratio: Return relative to average drawdown	19.08	9.08	+10.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UBXX.L vs. UC96.L - Sharpe Ratio Comparison

The current UBXX.L Sharpe Ratio is 2.81, which is higher than the UC96.L Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of UBXX.L and UC96.L, 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

	UBXX.L	UC96.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.81	1.80	+1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	0.57	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.73	-0.25

Drawdowns

UBXX.L vs. UC96.L - Drawdown Comparison

The maximum UBXX.L drawdown since its inception was -16.83%, smaller than the maximum UC96.L drawdown of -27.20%. Use the drawdown chart below to compare losses from any high point for UBXX.L and UC96.L.

Drawdown Indicators

	UBXX.L	UC96.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.83%	-27.20%	+10.37%
Max Drawdown (1Y) Largest decline over 1 year	-1.93%	-6.87%	+4.94%
Max Drawdown (3Y) Largest decline over 3 years	-2.59%	-19.43%	+16.84%
Max Drawdown (5Y) Largest decline over 5 years	-16.83%	-19.43%	+2.60%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.20%	—
Current Drawdown Current decline from peak	-0.07%	0.00%	-0.07%
Average Drawdown Average peak-to-trough decline	-3.72%	-4.30%	+0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.42%	2.12%	-1.70%

Volatility

UBXX.L vs. UC96.L - Volatility Comparison

The current volatility for UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis (UBXX.L) is 0.67%, while UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.L) has a volatility of 2.93%. This indicates that UBXX.L experiences smaller price fluctuations and is considered to be less risky than UC96.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UBXX.L	UC96.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	2.93%	-2.26%
Volatility (6M) Calculated over the trailing 6-month period	2.32%	7.52%	-5.20%
Volatility (1Y) Calculated over the trailing 1-year period	2.85%	10.64%	-7.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.25%	14.04%	-9.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.96%	15.94%	-10.98%

UBXX.L vs. UC96.L - Expense Ratio Comparison

UBXX.L has a 0.47% expense ratio, which is higher than UC96.L's 0.25% expense ratio.

Dividends

UBXX.L vs. UC96.L - Dividend Comparison

UBXX.L's dividend yield for the trailing twelve months is around 6.47%, more than UC96.L's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
UBXX.L UBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis	6.47%	25.71%	7.05%	4.76%	4.40%	3.91%	4.43%	6.18%	0.21%	0.00%	0.00%
UC96.L UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis	0.01%	0.01%	0.01%	0.78%	0.02%	0.02%	0.02%	0.01%	0.02%	0.02%	0.01%

Frequently Asked Questions

Can I hold both UBXX.L and UC96.L in my portfolio?

UBXX.L and UC96.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UBXX.L or UC96.L?

On fees, UC96.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UBXX.L or UC96.L?

UC96.L is cheaper with a 0.25% expense ratio, compared with 0.47% for UBXX.L.

What is the main difference between UBXX.L and UC96.L?

UBXX.L is categorized as Emerging Markets Bonds, while UC96.L is Large Cap Value Equities. UBXX.L tracks J.P. Morgan EMBI Global Diversified 1-5 Year Index, while UC96.L tracks Russell 1000 Value TR USD. Their fees differ too: 0.47% for UBXX.L and 0.25% for UC96.L.