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UC44.L vs. MVOL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UC44.L vs. MVOL.L

Last updated Jun 5, 2026

UC44.L (UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both Global Equities funds tracking the MSCI ACWI NR USD, from UBS and iShares respectively. Both are passively managed. Over the past 10 years, UC44.L returned 13.02%/yr vs 7.84%/yr for MVOL.L. A 0.71 correlation means they provide meaningful diversification when combined. UC44.L charges 0.22%/yr vs 0.35%/yr for MVOL.L.

Performance

UC44.L vs. MVOL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis (UC44.L) and iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

UC44.L is traded in GBp, while MVOL.L is traded in USD. To make them comparable, the MVOL.L 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 9.19% return, which is significantly higher than MVOL.L's 1.00% return. Over the past 10 years, UC44.L has outperformed MVOL.L with an annualized return of 13.02%, while MVOL.L has yielded a comparatively lower 7.84% annualized return.

UC44.L

1D
0.39%
1M
6.87%
YTD
9.19%
6M
9.44%
1Y
20.96%
3Y*
14.50%
5Y*
10.84%
10Y*
13.02%

MVOL.L

1D
0.00%
1M
1.61%
YTD
1.00%
6M
0.66%
1Y
2.34%
3Y*
6.53%
5Y*
6.30%
10Y*
7.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UC44.L vs. MVOL.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UC44.L
UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis		9.19%5.87%18.30%22.09%-15.47%26.34%14.89%24.15%-2.54%12.60%
MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS		1.07%3.11%13.02%1.92%1.12%15.73%-0.45%17.90%3.39%7.25%

Correlation

The correlation between UC44.L and MVOL.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.29

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.57

Correlation (10Y)
Calculated over the trailing 10-year period

0.69

Correlation (All Time)
Calculated using the full available price history since May 14, 2013

0.71

Over the past year, the correlation between UC44.L and MVOL.L has dropped to 0.29 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

UC44.L vs. MVOL.L - Sectors Allocation Comparison

Sectors
UC44.L
MVOL.L

Technology

36.3%
20.1%

Financial Services

16.1%
14.0%

Industrials

12.0%
9.2%

Consumer Cyclical

10.9%
5.6%

Healthcare

8.9%
13.8%

Consumer Defensive

5.5%
10.9%

Communication Services

3.9%
12.1%

Basic Materials

3.0%
1.1%

Real Estate

2.5%
0.7%

Utilities

0.9%
8.0%

Energy

0.0%
4.5%

Technology

UC44.L
36.3%
MVOL.L
20.1%

Financial Services

UC44.L
16.1%
MVOL.L
14.0%

Industrials

UC44.L
12.0%
MVOL.L
9.2%

Consumer Cyclical

UC44.L
10.9%
MVOL.L
5.6%

Healthcare

UC44.L
8.9%
MVOL.L
13.8%

Consumer Defensive

UC44.L
5.5%
MVOL.L
10.9%

Communication Services

UC44.L
3.9%
MVOL.L
12.1%

Basic Materials

UC44.L
3.0%
MVOL.L
1.1%

Real Estate

UC44.L
2.5%
MVOL.L
0.7%

Utilities

UC44.L
0.9%
MVOL.L
8.0%

Energy

UC44.L
0.0%
MVOL.L
4.5%

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UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis

iShares Edge MSCI World Minimum Volatility UCITS

Often compared with UC44.L:
UC44.L vs. SRIW.LUC44.L vs. V3AB.LUC44.L vs. VWRP.LUC44.L vs. ^GSPCUC44.L vs. SEMC.LUC44.L vs. EUFM.LUC44.L vs. UBTL.L
Often compared with MVOL.L:
MVOL.L vs. ACWVMVOL.L vs. IWDA.LMVOL.L vs. XDEB.DEMVOL.L vs. VOOMVOL.L vs. XDEM.LMVOL.L vs. USMVMVOL.L vs. SLXX.L

Return for Risk

UC44.L vs. MVOL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UC44.L
UC44.L Risk / Return Rank: 5151
Overall Rank
UC44.L Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
UC44.L Sortino Ratio Rank: 5555
Sortino Ratio Rank
UC44.L Omega Ratio Rank: 5454
Omega Ratio Rank
UC44.L Calmar Ratio Rank: 4444
Calmar Ratio Rank
UC44.L Martin Ratio Rank: 4747
Martin Ratio Rank
MVOL.L
MVOL.L Risk / Return Rank: 1212
Overall Rank
MVOL.L Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
MVOL.L Sortino Ratio Rank: 1111
Sortino Ratio Rank
MVOL.L Omega Ratio Rank: 1111
Omega Ratio Rank
MVOL.L Calmar Ratio Rank: 1212
Calmar Ratio Rank
MVOL.L Martin Ratio Rank: 1212
Martin Ratio Rank
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.

UC44.L vs. MVOL.L - 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 iShares Edge MSCI World Minimum Volatility UCITS (MVOL.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.

UC44.LMVOL.LDifference
Sharpe ratioReturn per unit of total volatility
1.81
0.27

+1.55

Sortino ratioReturn per unit of downside risk
2.58
0.43

+2.15

Omega ratioGain probability vs. loss probability

1.33

1.05

+0.28

Calmar ratioReturn relative to maximum drawdown

2.17

0.40

+1.78

Martin ratioReturn relative to average drawdown

7.73

1.02

+6.70

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UC44.L vs. MVOL.L - Sharpe Ratio Comparison

The current UC44.L Sharpe Ratio is 1.81, which is higher than the MVOL.L Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of UC44.L and MVOL.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.

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Sharpe Ratios by Period

UC44.LMVOL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.81

0.27

+1.55

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.75

0.59

+0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.87

0.63

+0.25

Sharpe Ratio (All Time)

Calculated using the full available price history

0.78

0.79

0.00

Drawdowns

UC44.L vs. MVOL.L - Drawdown Comparison

The maximum UC44.L drawdown since its inception was -24.11%, which is greater than MVOL.L's maximum drawdown of -20.24%. Use the drawdown chart below to compare losses from any high point for UC44.L and MVOL.L.

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Drawdown Indicators

UC44.LMVOL.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.11%

-20.24%

-3.87%

Max Drawdown (1Y)

Largest decline over 1 year

-9.61%

-5.89%

-3.72%

Max Drawdown (3Y)

Largest decline over 3 years

-20.15%

-8.78%

-11.37%

Max Drawdown (5Y)

Largest decline over 5 years

-22.39%

-10.44%

-11.95%

Max Drawdown (10Y)

Largest decline over 10 years

-24.11%

-20.24%

-3.87%

Current Drawdown

Current decline from peak

0.00%

-3.49%

+3.49%

Average Drawdown

Average peak-to-trough decline

-4.52%

-3.64%

-0.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.71%

2.28%

+0.43%

Volatility

UC44.L vs. MVOL.L - Volatility Comparison

UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis (UC44.L) has a higher volatility of 3.13% compared to iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) at 2.88%. This indicates that UC44.L's price experiences larger fluctuations and is considered to be riskier than MVOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UC44.LMVOL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.13%

2.88%

+0.25%

Volatility (6M)

Calculated over the trailing 6-month period

8.72%

6.87%

+1.85%

Volatility (1Y)

Calculated over the trailing 1-year period

11.50%

8.81%

+2.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.43%

10.63%

+3.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.93%

12.49%

+2.44%

UC44.L vs. MVOL.L - Expense Ratio Comparison

UC44.L has a 0.22% expense ratio, which is lower than MVOL.L's 0.35% expense ratio.

Dividends

UC44.L vs. MVOL.L - Dividend Comparison

UC44.L's dividend yield for the trailing twelve months is around 0.86%, while MVOL.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
UC44.L
UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis		0.86%1.01%1.05%1.13%1.33%1.01%1.23%1.70%1.88%1.91%1.81%1.78%

Frequently Asked Questions

UC44.L and MVOL.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, UC44.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UC44.L is cheaper with a 0.22% expense ratio, compared with 0.35% for MVOL.L.

Both ETFs track MSCI ACWI NR USD. They also come from different issuers: UBS and iShares. Their fees differ too: 0.22% for UC44.L and 0.35% for MVOL.L.

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