UC48.L vs. UC44.L

Last updated Apr 2, 2026

Compare and contrast key facts about UBS ETF (IE) MSCI AC Asia Ex Japan SF UCITS ETF (USD) A-acc (UC48.L) and UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis (UC44.L).

UC48.L and UC44.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UC48.L is a passively managed fund by UBS that tracks the performance of the MSCI AC Asia Ex Japan NR USD. It was launched on Aug 20, 2012. UC44.L is a passively managed fund by UBS that tracks the performance of the MSCI ACWI NR USD. It was launched on Aug 19, 2011. Both UC48.L and UC44.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

UC48.L vs. UC44.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 UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis (UC44.L). The values are adjusted to include any dividend payments, if applicable.

UC48.L vs. UC44.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UC48.L UBS ETF (IE) MSCI AC Asia Ex Japan SF UCITS ETF (USD) A-acc	5.35%	23.58%	13.94%	-1.31%	-10.09%	-4.06%	20.65%	13.67%	-10.64%	8.82%
UC44.L UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis	-3.60%	5.87%	18.30%	22.09%	-15.47%	26.34%	14.89%	24.15%	-2.54%	5.15%

Returns By Period

In the year-to-date period, UC48.L achieves a 5.35% return, which is significantly higher than UC44.L's -3.60% return.

UC48.L

• 1D: 3.32%
• 1M: -6.09%
• YTD: 5.35%
• 6M: 8.38%
• 1Y: 29.83%
• 3Y*: 13.12%
• 5Y*: 4.22%
• 10Y*: —

UC44.L

• 1D: 2.32%
• 1M: -4.14%
• YTD: -3.60%
• 6M: -1.20%
• 1Y: 10.46%
• 3Y*: 11.10%
• 5Y*: 8.76%
• 10Y*: 11.82%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

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

UC48.L

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

UC44.L

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

Return for Risk

UC48.L vs. UC44.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: 81
UC48.L Sharpe Ratio Rank: 83
UC48.L Sortino Ratio Rank: 82
UC48.L Omega Ratio Rank: 80
UC48.L Calmar Ratio Rank: 83
UC48.L Martin Ratio Rank: 77

UC44.L

UC44.L Risk / Return Rank: 36
UC44.L Sharpe Ratio Rank: 35
UC44.L Sortino Ratio Rank: 34
UC44.L Omega Ratio Rank: 33
UC44.L Calmar Ratio Rank: 38
UC44.L Martin Ratio Rank: 39

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. UC44.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 UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis (UC44.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.L	UC44.L	Difference
Sharpe ratio Return per unit of total volatility	1.71	0.70	+1.01
Sortino ratio Return per unit of downside risk	2.25	1.07	+1.18
Omega ratio Gain probability vs. loss probability	1.32	1.15	+0.18
Calmar ratio Return relative to maximum drawdown	2.73	1.09	+1.64
Martin ratio Return relative to average drawdown	9.32	3.98	+5.34
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. UC44.L - Sharpe Ratio Comparison

The current UC48.L Sharpe Ratio is 1.71, which is higher than the UC44.L Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of UC48.L and UC44.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UC48.L	UC44.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	0.70	+1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.61	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.72	-0.37

Correlation

The correlation between UC48.L and UC44.L is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

UC48.L vs. UC44.L - Dividend Comparison

UC48.L has not paid dividends to shareholders, while UC44.L's dividend yield for the trailing twelve months is around 0.97%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
UC44.L UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis	0.97%	1.01%	1.05%	1.13%	1.33%	1.01%	1.23%	1.70%	1.88%	1.91%	1.81%	1.78%

Drawdowns

UC48.L vs. UC44.L - Drawdown Comparison

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

Drawdown Indicators

	UC48.L	UC44.L	Difference
Max Drawdown Largest peak-to-trough decline	-32.18%	-24.11%	-8.07%
Max Drawdown (1Y) Largest decline over 1 year	-11.69%	-9.61%	-2.08%
Max Drawdown (5Y) Largest decline over 5 years	-27.26%	-22.39%	-4.87%
Max Drawdown (10Y) Largest decline over 10 years	—	-24.11%	—
Current Drawdown Current decline from peak	-8.18%	-6.37%	-1.81%
Average Drawdown Average peak-to-trough decline	-11.59%	-4.56%	-7.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	2.63%	+0.62%

Volatility

UC48.L vs. UC44.L - Volatility Comparison

UBS ETF (IE) MSCI AC Asia Ex Japan SF UCITS ETF (USD) A-acc (UC48.L) has a higher volatility of 6.99% compared to UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis (UC44.L) at 4.80%. This indicates that UC48.L's price experiences larger fluctuations and is considered to be riskier than UC44.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UC48.L	UC44.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.99%	4.80%	+2.19%
Volatility (6M) Calculated over the trailing 6-month period	12.88%	8.97%	+3.91%
Volatility (1Y) Calculated over the trailing 1-year period	17.41%	14.96%	+2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.89%	14.44%	+2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.91%	14.92%	+2.99%