UC04.L vs. UB74.L
UC04.L (UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis) and UB74.L (UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis) are both exchange-traded funds - UC04.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while UB74.L is a Government Bonds fund tracking the Bloomberg US 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 10 years, UC04.L returned 15.44%/yr vs 1.62%/yr for UB74.L. At a 0.27 correlation, their price movements are largely independent. UC04.L charges 0.14%/yr vs 0.05%/yr for UB74.L.
Performance
UC04.L vs. UB74.L - Performance Comparison
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Returns By Period
In the year-to-date period, UC04.L achieves a 9.27% return, which is significantly higher than UB74.L's 2.45% return. Over the past 10 years, UC04.L has outperformed UB74.L with an annualized return of 15.44%, while UB74.L has yielded a comparatively lower 1.62% annualized return.
UC04.L
- 1D
- -1.15%
- 1M
- -0.10%
- YTD
- 9.27%
- 6M
- 9.40%
- 1Y
- 25.47%
- 3Y*
- 19.20%
- 5Y*
- 13.37%
- 10Y*
- 15.44%
UB74.L
- 1D
- -0.27%
- 1M
- 2.02%
- YTD
- 2.45%
- 6M
- 3.07%
- 1Y
- 6.30%
- 3Y*
- 2.90%
- 5Y*
- 2.88%
- 10Y*
- 1.62%
UC04.L vs. UB74.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UC04.L UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis | 9.27% | 9.28% | 27.38% | 20.50% | -10.51% | 28.96% | 16.61% | 26.56% | -0.32% | 10.74% |
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 2.45% | -2.06% | 5.76% | -1.66% | 7.62% | 0.57% | -0.46% | 0.26% | 7.13% | -8.67% |
Correlation
The correlation between UC04.L and UB74.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2012 | 0.27 |
The correlation between UC04.L and UB74.L shifts across timeframes, from 0.06 (5 years) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UC04.L vs. UB74.L — Risk / Return Rank
UC04.L
UB74.L
UC04.L vs. UB74.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis (UC04.L) and UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UC04.L | UB74.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.18 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.36 | -0.48 |
| Martin ratioReturn relative to average drawdown | 1.32 | 3.46 | -2.14 |
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Drawdowns
UC04.L vs. UB74.L - Drawdown Comparison
The maximum UC04.L drawdown since its inception was -39.47%, roughly equal to the maximum UB74.L drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for UC04.L and UB74.L.
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Drawdown Indicators
| UC04.L | UB74.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.47% | -41.53% | +2.06% |
Max Drawdown (1Y)Largest decline over 1 year | -28.93% | -4.61% | -24.32% |
Max Drawdown (3Y)Largest decline over 3 years | -28.93% | -8.93% | -20.00% |
Max Drawdown (5Y)Largest decline over 5 years | -28.93% | -16.34% | -12.59% |
Max Drawdown (10Y)Largest decline over 10 years | -28.93% | -18.81% | -10.12% |
Current DrawdownCurrent decline from peak | -17.60% | -9.00% | -8.60% |
Average DrawdownAverage peak-to-trough decline | -7.96% | -21.38% | +13.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.18% | 1.81% | +17.37% |
Volatility
UC04.L vs. UB74.L - Volatility Comparison
UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis (UC04.L) has a higher volatility of 3.83% compared to UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis (UB74.L) at 1.57%. This indicates that UC04.L's price experiences larger fluctuations and is considered to be riskier than UB74.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UC04.L | UB74.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 1.57% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 4.50% | +3.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.51% | 6.16% | +37.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.92% | 8.07% | +15.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.59% | 8.76% | +11.83% |
UC04.L vs. UB74.L - Expense Ratio Comparison
UC04.L has a 0.14% expense ratio, which is higher than UB74.L's 0.05% 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
UC04.L vs. UB74.L - Dividend Comparison
UC04.L's dividend yield for the trailing twelve months is around 0.86%, less than UB74.L's 3.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UB74.L UBS ETF (LU) Bloomberg US 1-3 Year Treasury Bond UCITS ETF (USD) A-dis | 3.63% | 4.94% | 3.67% | 2.22% | 0.41% | 0.36% | 1.68% | 2.28% | 1.10% | 0.65% | 0.62% | 0.41% |
UC04.L UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis | 0.86% | 0.96% | 0.95% | 1.11% | 1.19% | 0.89% | 1.28% | 1.40% | 1.50% | 1.32% | 1.52% | 1.44% |
Frequently Asked Questions
UC04.L and UB74.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UB74.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UB74.L is cheaper with a 0.05% expense ratio, compared with 0.14% for UC04.L.
UC04.L is categorized as Large Cap Blend Equities, while UB74.L is Government Bonds. UC04.L tracks Russell 1000 TR USD, while UB74.L tracks Bloomberg US 1-3 Year Treasury Bond Index. Their fees differ too: 0.14% for UC04.L and 0.05% for UB74.L.
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