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UC46.L vs. UC04.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UC46.L vs. UC04.L

Last updated Jun 5, 2026

UC46.L (UBS ETF (LU) MSCI USA Socially Responsible UCITS ETF (USD) A-dis) and UC04.L (UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis) are both Large Cap Blend Equities funds from UBS tracking the Russell 1000 TR USD. Both are passively managed. Over the past 10 years, UC46.L returned 15.32%/yr vs 16.01%/yr for UC04.L. Their correlation of 0.94 suggests significant overlap in exposure. UC46.L charges 0.22%/yr vs 0.14%/yr for UC04.L.

Performance

UC46.L vs. UC04.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) MSCI USA Socially Responsible UCITS ETF (USD) A-dis (UC46.L) and UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis (UC04.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, UC46.L achieves a 13.69% return, which is significantly higher than UC04.L's 10.50% return. Both investments have delivered pretty close results over the past 10 years, with UC46.L having a 15.32% annualized return and UC04.L not far ahead at 16.01%.

UC46.L

1D
-0.59%
1M
8.42%
YTD
13.69%
6M
12.83%
1Y
26.84%
3Y*
16.58%
5Y*
12.52%
10Y*
15.32%

UC04.L

1D
0.01%
1M
5.66%
YTD
10.50%
6M
10.32%
1Y
28.86%
3Y*
19.17%
5Y*
14.74%
10Y*
16.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UC46.L vs. UC04.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UC46.L
UBS ETF (LU) MSCI USA Socially Responsible UCITS ETF (USD) A-dis		13.69%2.79%21.13%25.01%-16.49%32.62%18.59%25.18%0.87%11.39%
UC04.L
UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis		10.50%9.28%27.38%20.52%-10.51%28.96%16.61%26.56%-0.32%10.74%

Correlation

The correlation between UC46.L and UC04.L is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.87

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

0.88

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

0.91

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

0.93

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

0.94

The correlation between UC46.L and UC04.L has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.

UC46.L vs. UC04.L - Sectors Allocation Comparison

Sectors
UC46.L
UC04.L

Technology

44.2%
37.7%

Financial Services

12.0%
11.2%

Consumer Cyclical

11.1%
9.9%

Industrials

9.9%
8.1%

Healthcare

9.1%
8.5%

Consumer Defensive

5.0%
4.7%

Communication Services

3.6%
10.9%

Real Estate

2.8%
1.9%

Basic Materials

1.6%
1.7%

Utilities

0.7%
2.1%

Energy

-

3.4%

Technology

UC46.L
44.2%
UC04.L
37.7%

Financial Services

UC46.L
12.0%
UC04.L
11.2%

Consumer Cyclical

UC46.L
11.1%
UC04.L
9.9%

Industrials

UC46.L
9.9%
UC04.L
8.1%

Healthcare

UC46.L
9.1%
UC04.L
8.5%

Consumer Defensive

UC46.L
5.0%
UC04.L
4.7%

Communication Services

UC46.L
3.6%
UC04.L
10.9%

Real Estate

UC46.L
2.8%
UC04.L
1.9%

Basic Materials

UC46.L
1.6%
UC04.L
1.7%

Utilities

UC46.L
0.7%
UC04.L
2.1%

Energy

UC46.L

-

UC04.L
3.4%

Compare stocks, funds, or ETFs

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

UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis

Often compared with UC46.L:
UC46.L vs. FEX.LUC46.L vs. UC99.LUC46.L vs. UC07.LUC46.L vs. UC44.LUC46.L vs. FEXD.LUC46.L vs. HIUS.LUC46.L vs. FRUE.L
Often compared with UC04.L:
UC04.L vs. SMHUC04.L vs. HMCA.LUC04.L vs. QQQUC04.L vs. ^GSPCUC04.L vs. SPX5.LUC04.L vs. SPYUC04.L vs. SEMC.L

Return for Risk

UC46.L vs. UC04.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UC46.L
UC46.L Risk / Return Rank: 6262
Overall Rank
UC46.L Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
UC46.L Sortino Ratio Rank: 6868
Sortino Ratio Rank
UC46.L Omega Ratio Rank: 6767
Omega Ratio Rank
UC46.L Calmar Ratio Rank: 5656
Calmar Ratio Rank
UC46.L Martin Ratio Rank: 5353
Martin Ratio Rank
UC04.L
UC04.L Risk / Return Rank: 7979
Overall Rank
UC04.L Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
UC04.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
UC04.L Omega Ratio Rank: 8484
Omega Ratio Rank
UC04.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
UC04.L Martin Ratio Rank: 7171
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.

UC46.L vs. UC04.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI USA Socially Responsible UCITS ETF (USD) A-dis (UC46.L) and UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis (UC04.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.

UC46.LUC04.LDifference
Sharpe ratioReturn per unit of total volatility
2.21
2.70

-0.50

Sortino ratioReturn per unit of downside risk
3.05
3.61

-0.55

Omega ratioGain probability vs. loss probability

1.40

1.50

-0.10

Calmar ratioReturn relative to maximum drawdown

2.73

3.74

-1.02

Martin ratioReturn relative to average drawdown

8.86

13.07

-4.21

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

UC46.L vs. UC04.L - Sharpe Ratio Comparison

The current UC46.L Sharpe Ratio is 2.21, which is comparable to the UC04.L Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of UC46.L and UC04.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

UC46.LUC04.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.21

2.70

-0.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.80

1.01

-0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.94

1.02

-0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.91

0.98

-0.06

Drawdowns

UC46.L vs. UC04.L - Drawdown Comparison

The maximum UC46.L drawdown since its inception was -25.03%, roughly equal to the maximum UC04.L drawdown of -25.93%. Use the drawdown chart below to compare losses from any high point for UC46.L and UC04.L.

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Drawdown Indicators

UC46.LUC04.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.03%

-25.93%

+0.90%

Max Drawdown (1Y)

Largest decline over 1 year

-9.80%

-7.67%

-2.13%

Max Drawdown (3Y)

Largest decline over 3 years

-22.59%

-21.14%

-1.45%

Max Drawdown (5Y)

Largest decline over 5 years

-23.06%

-21.14%

-1.92%

Max Drawdown (10Y)

Largest decline over 10 years

-25.03%

-25.93%

+0.90%

Current Drawdown

Current decline from peak

-0.59%

-0.17%

-0.42%

Average Drawdown

Average peak-to-trough decline

-4.64%

-3.46%

-1.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

2.20%

+0.82%

Volatility

UC46.L vs. UC04.L - Volatility Comparison

UBS ETF (LU) MSCI USA Socially Responsible UCITS ETF (USD) A-dis (UC46.L) has a higher volatility of 3.91% compared to UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis (UC04.L) at 2.72%. This indicates that UC46.L's price experiences larger fluctuations and is considered to be riskier than UC04.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UC46.LUC04.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.91%

2.72%

+1.19%

Volatility (6M)

Calculated over the trailing 6-month period

8.89%

7.24%

+1.65%

Volatility (1Y)

Calculated over the trailing 1-year period

12.11%

10.63%

+1.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.74%

14.66%

+1.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.29%

15.86%

+0.43%

UC46.L vs. UC04.L - Expense Ratio Comparison

UC46.L has a 0.22% expense ratio, which is higher than UC04.L's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

UC46.L vs. UC04.L - Dividend Comparison

UC46.L's dividend yield for the trailing twelve months is around 0.42%, less than UC04.L's 0.84% yield.

PositionTTM20252024202320222021202020192018201720162015
UC04.L
UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis		0.84%0.96%0.95%1.12%1.19%0.89%1.28%1.40%1.50%1.32%1.52%1.44%
UC46.L
UBS ETF (LU) MSCI USA Socially Responsible UCITS ETF (USD) A-dis		0.42%0.80%0.72%0.75%0.86%0.64%0.87%1.03%1.02%1.23%1.18%1.24%

Frequently Asked Questions

UC46.L and UC04.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, UC04.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UC04.L is cheaper with a 0.14% expense ratio, compared with 0.22% for UC46.L.

Both ETFs track Russell 1000 TR USD. Their fees differ too: 0.22% for UC46.L and 0.14% for UC04.L.

Portfolio Optimizer

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