UC13.L vs. IGUS.L

Last updated Apr 2, 2026

Compare and contrast key facts about UBS Core S&P 500 UCITS ETF USD dis (UC13.L) and iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L).

UC13.L and IGUS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UC13.L is a passively managed fund by UBS that tracks the performance of the S&P 500 Index. It was launched on Aug 5, 2025. IGUS.L is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on Sep 30, 2010. Both UC13.L and IGUS.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

UC13.L vs. IGUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS Core S&P 500 UCITS ETF USD dis (UC13.L) and iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L). The values are adjusted to include any dividend payments, if applicable.

UC13.L vs. IGUS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UC13.L UBS Core S&P 500 UCITS ETF USD dis	-3.13%	9.50%	27.24%	19.65%	-8.96%	30.93%	13.50%	26.37%	-0.07%	10.75%
IGUS.L iShares S&P 500 GBP Hedged UCITS ETF	-4.26%	17.39%	24.64%	24.49%	-20.60%	28.57%	14.63%	27.27%	-7.47%	19.85%

Returns By Period

In the year-to-date period, UC13.L achieves a -3.13% return, which is significantly higher than IGUS.L's -4.26% return. Over the past 10 years, UC13.L has outperformed IGUS.L with an annualized return of 14.57%, while IGUS.L has yielded a comparatively lower 12.22% annualized return.

UC13.L

• 1D: 1.60%
• 1M: -3.29%
• YTD: -3.13%
• 6M: 0.20%
• 1Y: 14.80%
• 3Y*: 15.76%
• 5Y*: 12.60%
• 10Y*: 14.57%

IGUS.L

• 1D: 2.63%
• 1M: -3.79%
• YTD: -4.26%
• 6M: -1.09%
• 1Y: 17.82%
• 3Y*: 17.86%
• 5Y*: 10.61%
• 10Y*: 12.22%

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

UC13.L vs. IGUS.L - Expense Ratio Comparison

UC13.L has a 0.03% expense ratio, which is lower than IGUS.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

IGUS.L

iShares S&P 500 GBP Hedged UCITS ETF

UC13.L

UBS Core S&P 500 UCITS ETF USD dis

Return for Risk

UC13.L vs. IGUS.L — Risk / Return Rank

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

UC13.L

UC13.L Risk / Return Rank: 56
UC13.L Sharpe Ratio Rank: 50
UC13.L Sortino Ratio Rank: 49
UC13.L Omega Ratio Rank: 50
UC13.L Calmar Ratio Rank: 71
UC13.L Martin Ratio Rank: 62

IGUS.L

IGUS.L Risk / Return Rank: 64
IGUS.L Sharpe Ratio Rank: 58
IGUS.L Sortino Ratio Rank: 58
IGUS.L Omega Ratio Rank: 60
IGUS.L Calmar Ratio Rank: 71
IGUS.L Martin Ratio Rank: 74

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.

UC13.L vs. IGUS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS Core S&P 500 UCITS ETF USD dis (UC13.L) and iShares S&P 500 GBP Hedged UCITS ETF (IGUS.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.

	UC13.L	IGUS.L	Difference
Sharpe ratio Return per unit of total volatility	0.96	1.07	-0.11
Sortino ratio Return per unit of downside risk	1.40	1.56	-0.17
Omega ratio Gain probability vs. loss probability	1.20	1.23	-0.03
Calmar ratio Return relative to maximum drawdown	2.01	1.91	+0.10
Martin ratio Return relative to average drawdown	6.85	8.34	-1.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UC13.L vs. IGUS.L - Sharpe Ratio Comparison

The current UC13.L Sharpe Ratio is 0.96, which is comparable to the IGUS.L Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of UC13.L and IGUS.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UC13.L	IGUS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	1.07	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.66	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	0.74	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.77	+0.15

Correlation

The correlation between UC13.L and IGUS.L is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

UC13.L vs. IGUS.L - Dividend Comparison

UC13.L's dividend yield for the trailing twelve months is around 1.08%, while IGUS.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UC13.L UBS Core S&P 500 UCITS ETF USD dis	1.08%	0.96%	0.99%	1.16%	1.22%	0.94%	1.36%	1.44%	1.55%	1.51%	1.55%	1.52%
IGUS.L iShares S&P 500 GBP Hedged UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

UC13.L vs. IGUS.L - Drawdown Comparison

The maximum UC13.L drawdown since its inception was -25.59%, smaller than the maximum IGUS.L drawdown of -36.66%. Use the drawdown chart below to compare losses from any high point for UC13.L and IGUS.L.

Drawdown Indicators

	UC13.L	IGUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.59%	-36.66%	+11.07%
Max Drawdown (1Y) Largest decline over 1 year	-10.72%	-12.47%	+1.75%
Max Drawdown (5Y) Largest decline over 5 years	-21.11%	-25.66%	+4.55%
Max Drawdown (10Y) Largest decline over 10 years	-25.59%	-36.66%	+11.07%
Current Drawdown Current decline from peak	-4.94%	-5.55%	+0.61%
Average Drawdown Average peak-to-trough decline	-3.36%	-4.18%	+0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	2.08%	+0.06%

Volatility

UC13.L vs. IGUS.L - Volatility Comparison

The current volatility for UBS Core S&P 500 UCITS ETF USD dis (UC13.L) is 3.74%, while iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) has a volatility of 5.03%. This indicates that UC13.L experiences smaller price fluctuations and is considered to be less risky than IGUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UC13.L	IGUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	5.03%	-1.29%
Volatility (6M) Calculated over the trailing 6-month period	8.32%	8.90%	-0.58%
Volatility (1Y) Calculated over the trailing 1-year period	15.36%	16.66%	-1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.53%	16.08%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.74%	16.54%	-0.80%