UC44.L vs. SBEM.L
UC44.L (UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis) and SBEM.L (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis) are both exchange-traded funds - UC44.L is a Global Equities fund tracking the MSCI ACWI NR USD, while SBEM.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 10 years, UC44.L returned 13.02%/yr vs 4.55%/yr for SBEM.L. At a 0.47 correlation, their price movements are largely independent. UC44.L charges 0.22%/yr vs 0.42%/yr for SBEM.L.
Performance
UC44.L vs. SBEM.L - Performance Comparison
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Returns By Period
In the year-to-date period, UC44.L achieves a 9.19% return, which is significantly higher than SBEM.L's 2.48% return. Over the past 10 years, UC44.L has outperformed SBEM.L with an annualized return of 13.02%, while SBEM.L has yielded a comparatively lower 4.55% 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%
SBEM.L
- 1D
- 0.23%
- 1M
- 2.35%
- YTD
- 2.48%
- 6M
- 2.78%
- 1Y
- 14.55%
- 3Y*
- 8.68%
- 5Y*
- 3.47%
- 10Y*
- 4.55%
UC44.L vs. SBEM.L - 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 | 9.19% | 5.87% | 18.30% | 22.09% | -15.47% | 26.34% | 14.89% | 24.15% | -2.54% | 12.60% |
SBEM.L UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis | 2.48% | 7.42% | 9.46% | 5.94% | -10.24% | -1.29% | 1.28% | 10.91% | 1.42% | 0.47% |
Correlation
The correlation between UC44.L and SBEM.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2016 | 0.48 |
The correlation between UC44.L and SBEM.L shifts across timeframes, from 0.35 (5 years) to 0.47 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UC44.L vs. SBEM.L — Risk / Return Rank
UC44.L
SBEM.L
UC44.L vs. SBEM.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 UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis (SBEM.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.L | SBEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.40 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 4.10 | -1.93 |
| Martin ratioReturn relative to average drawdown | 7.73 | 11.84 | -4.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UC44.L | SBEM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 2.24 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.39 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.87 | 0.42 | +0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.48 | +0.30 |
Drawdowns
UC44.L vs. SBEM.L - Drawdown Comparison
The maximum UC44.L drawdown since its inception was -24.11%, which is greater than SBEM.L's maximum drawdown of -21.61%. Use the drawdown chart below to compare losses from any high point for UC44.L and SBEM.L.
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Drawdown Indicators
| UC44.L | SBEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.11% | -21.61% | -2.50% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -3.53% | -6.08% |
Max Drawdown (3Y)Largest decline over 3 years | -20.15% | -9.79% | -10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -22.39% | -17.20% | -5.19% |
Max Drawdown (10Y)Largest decline over 10 years | -24.11% | -21.61% | -2.50% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -7.26% | +2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 1.23% | +1.48% |
Volatility
UC44.L vs. SBEM.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 UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis (SBEM.L) at 1.66%. This indicates that UC44.L's price experiences larger fluctuations and is considered to be riskier than SBEM.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.L | SBEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 1.66% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.72% | 4.58% | +4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.50% | 6.47% | +5.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.43% | 8.85% | +5.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.93% | 10.88% | +4.05% |
UC44.L vs. SBEM.L - Expense Ratio Comparison
UC44.L has a 0.22% expense ratio, which is lower than SBEM.L's 0.42% expense ratio.
Dividends
UC44.L vs. SBEM.L - Dividend Comparison
UC44.L's dividend yield for the trailing twelve months is around 0.86%, less than SBEM.L's 6.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBEM.L UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis | 6.53% | 7.69% | 6.28% | 6.49% | 5.72% | 4.35% | 4.92% | 4.83% | 4.47% | 4.84% | 2.27% | 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 SBEM.L have a correlation of 0.38, 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 0.42% for SBEM.L.
UC44.L is categorized as Global Equities, while SBEM.L is Emerging Markets Bonds. UC44.L tracks MSCI ACWI NR USD, while SBEM.L tracks JPM EMBI Global Diversified TR USD. Their fees differ too: 0.22% for UC44.L and 0.42% for SBEM.L.
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