UC44.L vs. ^GSPC
UC44.L (UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis) is Global Equities fund tracking the MSCI ACWI NR USD, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, UC44.L returned 12.00%/yr vs 13.06%/yr for ^GSPC. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
UC44.L vs. ^GSPC - Performance Comparison
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Different Trading Currencies
UC44.L is traded in GBp, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UC44.L achieves a 9.61% return, which is significantly lower than ^GSPC's 10.17% return. Over the past 10 years, UC44.L has underperformed ^GSPC with an annualized return of 12.00%, while ^GSPC has yielded a comparatively higher 13.06% annualized return.
UC44.L
- 1D
- -1.37%
- 1M
- -1.16%
- 6M
- 7.98%
- YTD
- 9.61%
- 1Y
- 17.64%
- 3Y*
- 14.16%
- 5Y*
- 9.87%
- 10Y*
- 12.00%
^GSPC
- 1D
- -0.66%
- 1M
- -0.64%
- 6M
- 8.66%
- YTD
- 10.17%
- 1Y
- 19.99%
- 3Y*
- 17.60%
- 5Y*
- 12.23%
- 10Y*
- 13.06%
UC44.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UC44.L UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis | 9.61% | 5.87% | 18.31% | 22.09% | -15.46% | 26.34% | 14.89% | 24.15% | -2.54% | 12.60% |
^GSPC S&P 500 Index | 10.17% | 8.10% | 25.46% | 18.02% | -9.86% | 28.09% | 12.84% | 23.98% | -0.68% | 9.09% |
Correlation
The correlation between UC44.L and ^GSPC is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2011 | 0.61 |
The correlation between UC44.L and ^GSPC has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.
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Return for Risk
UC44.L vs. ^GSPC — Risk / Return Rank
UC44.L
^GSPC
UC44.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis (UC44.L) and S&P 500 Index (^GSPC). 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.
| UC44.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.50 | -0.67 |
| Martin ratioReturn relative to average drawdown | 6.39 | 9.11 | -2.72 |
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Drawdowns
UC44.L vs. ^GSPC - Drawdown Comparison
The maximum UC44.L drawdown since its inception was -52.68%, which is greater than ^GSPC's maximum drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for UC44.L and ^GSPC.
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Drawdown Indicators
| UC44.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.68% | -37.07% | -15.61% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -8.03% | -1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -20.15% | -22.15% | +2.00% |
Max Drawdown (5Y)Largest decline over 5 years | -22.39% | -22.15% | -0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -24.11% | -26.01% | +1.90% |
Current DrawdownCurrent decline from peak | -3.26% | -1.42% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -5.29% | -3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.20% | +0.55% |
Volatility
UC44.L vs. ^GSPC - Volatility Comparison
UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis (UC44.L) has a higher volatility of 4.70% compared to S&P 500 Index (^GSPC) at 3.38%. This indicates that UC44.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UC44.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 3.38% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 10.06% | 9.00% | +1.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.49% | 12.03% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 15.96% | -1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.92% | 18.05% | -3.13% |
Frequently Asked Questions
UC44.L and ^GSPC have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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