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

UC48.L vs. CSKR.L

Last updated Jun 5, 2026

UC48.L (UBS ETF (IE) MSCI AC Asia Ex Japan SF UCITS ETF (USD) A-acc) and CSKR.L (iShares MSCI Korea UCITS ETF (Acc)) are both Asia Pacific Equities funds - UC48.L tracks the MSCI AC Asia Ex Japan NR USD while CSKR.L tracks the MSCI Korea NR USD. Both are passively managed. Over the past 5 years, UC48.L returned 8.57%/yr vs 19.76%/yr for CSKR.L. A 0.61 correlation means they provide meaningful diversification when combined. UC48.L charges 0.23%/yr vs 0.65%/yr for CSKR.L.

Performance

UC48.L vs. CSKR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (IE) MSCI AC Asia Ex Japan SF UCITS ETF (USD) A-acc (UC48.L) and iShares MSCI Korea UCITS ETF (Acc) (CSKR.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

UC48.L is traded in GBp, while CSKR.L is traded in USD. To make them comparable, the CSKR.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, UC48.L achieves a 28.75% return, which is significantly lower than CSKR.L's 107.20% return.

UC48.L

1D
-1.84%
1M
7.54%
YTD
28.75%
6M
30.26%
1Y
55.93%
3Y*
21.79%
5Y*
8.57%
10Y*
—

CSKR.L

1D
-4.80%
1M
16.83%
YTD
107.20%
6M
125.38%
1Y
235.82%
3Y*
45.39%
5Y*
19.76%
10Y*
17.87%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UC48.L vs. CSKR.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
CSKR.L
iShares MSCI Korea UCITS ETF (Acc)		107.20%85.24%-21.31%13.76%-20.02%-7.37%40.01%6.37%-15.31%5.95%

Correlation

The correlation between UC48.L and CSKR.L is 0.77, 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

0.77

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

0.62

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

0.59

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

0.61

The correlation between UC48.L and CSKR.L shifts across timeframes, from 0.59 (5 years) to 0.77 (1 year), reflecting how their relationship changes across market environments.

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

Sectors
UC48.L
CSKR.L

Technology

41.6%
58.7%

Financial Services

17.7%
8.8%

Consumer Cyclical

10.3%
6.4%

Industrials

8.3%
16.9%

Communication Services

6.9%
2.3%

Basic Materials

3.6%
1.7%

Healthcare

3.0%
2.7%

Energy

2.7%
0.9%

Consumer Defensive

2.4%
1.2%

Utilities

1.9%
0.3%

Real Estate

1.7%

-

Technology

UC48.L
41.6%
CSKR.L
58.7%

Financial Services

UC48.L
17.7%
CSKR.L
8.8%

Consumer Cyclical

UC48.L
10.3%
CSKR.L
6.4%

Industrials

UC48.L
8.3%
CSKR.L
16.9%

Communication Services

UC48.L
6.9%
CSKR.L
2.3%

Basic Materials

UC48.L
3.6%
CSKR.L
1.7%

Healthcare

UC48.L
3.0%
CSKR.L
2.7%

Energy

UC48.L
2.7%
CSKR.L
0.9%

Consumer Defensive

UC48.L
2.4%
CSKR.L
1.2%

Utilities

UC48.L
1.9%
CSKR.L
0.3%

Real Estate

UC48.L
1.7%
CSKR.L

-

Compare stocks, funds, or ETFs

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

iShares MSCI Korea UCITS ETF (Acc)

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. UC44.L
Often compared with CSKR.L:
CSKR.L vs. TDGB.LCSKR.L vs. EWYCSKR.L vs. BNDCSKR.L vs. IUCD.LCSKR.L vs. FBTU.LCSKR.L vs. IEVL.LCSKR.L vs. AINF.L

Return for Risk

UC48.L vs. CSKR.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
CSKR.L
CSKR.L Risk / Return Rank: 9797
Overall Rank
CSKR.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
CSKR.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
CSKR.L Omega Ratio Rank: 9696
Omega Ratio Rank
CSKR.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
CSKR.L Martin Ratio Rank: 9696
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.

UC48.L vs. CSKR.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI AC Asia Ex Japan SF UCITS ETF (USD) A-acc (UC48.L) and iShares MSCI Korea UCITS ETF (Acc) (CSKR.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.

UC48.LCSKR.LDifference
Sharpe ratioReturn per unit of total volatility
3.17
6.19

-3.02

Sortino ratioReturn per unit of downside risk
4.09
5.62

-1.54

Omega ratioGain probability vs. loss probability

1.57

1.83

-0.25

Calmar ratioReturn relative to maximum drawdown

5.00

10.81

-5.81

Martin ratioReturn relative to average drawdown

17.15

38.46

-21.31

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

UC48.L vs. CSKR.L - Sharpe Ratio Comparison

The current UC48.L Sharpe Ratio is 3.17, which is lower than the CSKR.L Sharpe Ratio of 6.19. The chart below compares the historical Sharpe Ratios of UC48.L and CSKR.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

UC48.LCSKR.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.17

6.19

-3.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.50

0.73

-0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.77

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

0.65

-0.19

Drawdowns

UC48.L vs. CSKR.L - Drawdown Comparison

The maximum UC48.L drawdown since its inception was -32.18%, smaller than the maximum CSKR.L drawdown of -44.32%. Use the drawdown chart below to compare losses from any high point for UC48.L and CSKR.L.

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Drawdown Indicators

UC48.LCSKR.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.18%

-44.32%

+12.14%

Max Drawdown (1Y)

Largest decline over 1 year

-11.13%

-21.66%

+10.53%

Max Drawdown (3Y)

Largest decline over 3 years

-17.18%

-28.94%

+11.76%

Max Drawdown (5Y)

Largest decline over 5 years

-27.26%

-41.04%

+13.78%

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.32%

—

Current Drawdown

Current decline from peak

-2.73%

-5.57%

+2.84%

Average Drawdown

Average peak-to-trough decline

-11.41%

-17.89%

+6.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.25%

6.10%

-2.85%

Volatility

UC48.L vs. CSKR.L - Volatility Comparison

The current volatility for UBS ETF (IE) MSCI AC Asia Ex Japan SF UCITS ETF (USD) A-acc (UC48.L) is 7.80%, while iShares MSCI Korea UCITS ETF (Acc) (CSKR.L) has a volatility of 17.72%. This indicates that UC48.L experiences smaller price fluctuations and is considered to be less risky than CSKR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UC48.LCSKR.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.80%

17.72%

-9.92%

Volatility (6M)

Calculated over the trailing 6-month period

14.76%

33.18%

-18.42%

Volatility (1Y)

Calculated over the trailing 1-year period

17.62%

37.90%

-20.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.29%

27.66%

-10.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.09%

28.22%

-10.13%

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

UC48.L has a 0.23% expense ratio, which is lower than CSKR.L's 0.65% expense ratio.

Dividends

UC48.L vs. CSKR.L - Dividend Comparison

Neither UC48.L nor CSKR.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

UC48.L and CSKR.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, UC48.L is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UC48.L is cheaper with a 0.23% expense ratio, compared with 0.65% for CSKR.L.

UC48.L tracks MSCI AC Asia Ex Japan NR USD, while CSKR.L tracks MSCI Korea NR USD. They also come from different issuers: UBS and iShares. Their fees differ too: 0.23% for UC48.L and 0.65% for CSKR.L.

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