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UC44.L vs. UC48.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UC44.L vs. UC48.L

Last updated Jun 5, 2026

UC44.L (UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis) and UC48.L (UBS ETF (IE) MSCI AC Asia Ex Japan SF UCITS ETF (USD) A-acc) are both exchange-traded funds - UC44.L is a Global Equities fund tracking the MSCI ACWI NR USD, while UC48.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Ex Japan NR USD. Both are passively managed. Over the past 5 years, UC44.L returned 10.84%/yr vs 8.57%/yr for UC48.L. A 0.63 correlation means they provide meaningful diversification when combined. UC44.L charges 0.22%/yr vs 0.23%/yr for UC48.L.

Performance

UC44.L vs. UC48.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 UBS ETF (IE) MSCI AC Asia Ex Japan SF UCITS ETF (USD) A-acc (UC48.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UC44.L achieves a 9.19% return, which is significantly lower than UC48.L's 28.75% 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%

UC48.L

1D
-1.84%
1M
7.54%
YTD
28.75%
6M
30.26%
1Y
55.93%
3Y*
21.79%
5Y*
8.57%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

UC44.L vs. UC48.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%5.15%
UC48.L
UBS ETF (IE) MSCI AC Asia Ex Japan SF UCITS ETF (USD) A-acc		28.75%23.58%13.94%-1.31%-10.09%-4.06%20.65%13.67%-10.64%8.82%

Correlation

The correlation between UC44.L and UC48.L is 0.64, 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

0.64

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

0.57

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

0.55

Correlation (All Time)
Calculated using the full available price history since Jun 26, 2017

0.63

The correlation between UC44.L and UC48.L has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.

UC44.L vs. UC48.L - Sectors Allocation Comparison

Sectors
UC44.L
UC48.L

Technology

36.3%
41.6%

Financial Services

16.1%
17.7%

Industrials

12.0%
8.3%

Consumer Cyclical

10.9%
10.3%

Healthcare

8.9%
3.0%

Consumer Defensive

5.5%
2.4%

Communication Services

3.9%
6.9%

Basic Materials

3.0%
3.6%

Real Estate

2.5%
1.7%

Utilities

0.9%
1.9%

Energy

0.0%
2.7%

Technology

UC44.L
36.3%
UC48.L
41.6%

Financial Services

UC44.L
16.1%
UC48.L
17.7%

Industrials

UC44.L
12.0%
UC48.L
8.3%

Consumer Cyclical

UC44.L
10.9%
UC48.L
10.3%

Healthcare

UC44.L
8.9%
UC48.L
3.0%

Consumer Defensive

UC44.L
5.5%
UC48.L
2.4%

Communication Services

UC44.L
3.9%
UC48.L
6.9%

Basic Materials

UC44.L
3.0%
UC48.L
3.6%

Real Estate

UC44.L
2.5%
UC48.L
1.7%

Utilities

UC44.L
0.9%
UC48.L
1.9%

Energy

UC44.L
0.0%
UC48.L
2.7%

Compare stocks, funds, or ETFs

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

UBS ETF (IE) MSCI AC Asia Ex Japan SF UCITS ETF (USD) A-acc

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 UC48.L:
UC48.L vs. SPYUC48.L vs. PADV.LUC48.L vs. HKOR.LUC48.L vs. UC99.LUC48.L vs. PAXG.LUC48.L vs. LCAL.LUC48.L vs. CPJ1.L

Return for Risk

UC44.L vs. UC48.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
UC48.L
UC48.L Risk / Return Rank: 8989
Overall Rank
UC48.L Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
UC48.L Sortino Ratio Rank: 9090
Sortino Ratio Rank
UC48.L Omega Ratio Rank: 9090
Omega Ratio Rank
UC48.L Calmar Ratio Rank: 8888
Calmar Ratio Rank
UC48.L Martin Ratio Rank: 8484
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. UC48.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 (IE) MSCI AC Asia Ex Japan SF UCITS ETF (USD) A-acc (UC48.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.LUC48.LDifference
Sharpe ratioReturn per unit of total volatility
1.81
3.17

-1.35

Sortino ratioReturn per unit of downside risk
2.58
4.09

-1.51

Omega ratioGain probability vs. loss probability

1.33

1.57

-0.24

Calmar ratioReturn relative to maximum drawdown

2.17

5.00

-2.83

Martin ratioReturn relative to average drawdown

7.73

17.15

-9.42

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. UC48.L - Sharpe Ratio Comparison

The current UC44.L Sharpe Ratio is 1.81, which is lower than the UC48.L Sharpe Ratio of 3.17. The chart below compares the historical Sharpe Ratios of UC44.L and UC48.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.LUC48.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.81

3.17

-1.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.75

0.50

+0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.87

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.78

0.47

+0.31

Drawdowns

UC44.L vs. UC48.L - Drawdown Comparison

The maximum UC44.L drawdown since its inception was -24.11%, smaller than the maximum UC48.L drawdown of -32.18%. Use the drawdown chart below to compare losses from any high point for UC44.L and UC48.L.

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Drawdown Indicators

UC44.LUC48.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.11%

-32.18%

+8.07%

Max Drawdown (1Y)

Largest decline over 1 year

-9.61%

-11.13%

+1.52%

Max Drawdown (3Y)

Largest decline over 3 years

-20.15%

-17.18%

-2.97%

Max Drawdown (5Y)

Largest decline over 5 years

-22.39%

-27.26%

+4.87%

Max Drawdown (10Y)

Largest decline over 10 years

-24.11%

—

—

Current Drawdown

Current decline from peak

0.00%

-2.73%

+2.73%

Average Drawdown

Average peak-to-trough decline

-4.52%

-11.41%

+6.89%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.71%

3.25%

-0.54%

Volatility

UC44.L vs. UC48.L - Volatility Comparison

The current volatility for UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis (UC44.L) is 3.13%, while UBS ETF (IE) MSCI AC Asia Ex Japan SF UCITS ETF (USD) A-acc (UC48.L) has a volatility of 7.80%. This indicates that UC44.L experiences smaller price fluctuations and is considered to be less risky than UC48.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.LUC48.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.13%

7.80%

-4.67%

Volatility (6M)

Calculated over the trailing 6-month period

8.72%

14.76%

-6.04%

Volatility (1Y)

Calculated over the trailing 1-year period

11.50%

17.62%

-6.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.43%

17.29%

-2.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.93%

18.09%

-3.16%

UC44.L vs. UC48.L - Expense Ratio Comparison

UC44.L has a 0.22% expense ratio, which is lower than UC48.L's 0.23% 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%.

Dividends

UC44.L vs. UC48.L - Dividend Comparison

UC44.L's dividend yield for the trailing twelve months is around 0.86%, while UC48.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
UC48.L
UBS ETF (IE) MSCI AC Asia Ex Japan SF UCITS ETF (USD) A-acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

UC44.L and UC48.L have a correlation of 0.64, 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 0.23% for UC48.L.

UC44.L is categorized as Global Equities, while UC48.L is Asia Pacific Equities. UC44.L tracks MSCI ACWI NR USD, while UC48.L tracks MSCI AC Asia Ex Japan NR USD. Their fees differ too: 0.22% for UC44.L and 0.23% for UC48.L.

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