UC55.L vs. SMT.L
UC55.L (UBS ETF (LU) MSCI World UCITS ETF (USD) A-dis) and SMT.L (Scottish Mortgage Investment Trust plc) are both Global Equities funds. UC55.L is passively managed, while SMT.L is actively managed. Over the past 10 years, UC55.L returned 13.61%/yr vs 19.70%/yr for SMT.L. A 0.70 correlation means they provide meaningful diversification when combined. UC55.L charges 0.30%/yr vs 0.31%/yr for SMT.L.
Performance
UC55.L vs. SMT.L - Performance Comparison
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Returns By Period
In the year-to-date period, UC55.L achieves a 9.94% return, which is significantly lower than SMT.L's 27.32% return. Over the past 10 years, UC55.L has underperformed SMT.L with an annualized return of 13.61%, while SMT.L has yielded a comparatively higher 19.70% annualized return.
UC55.L
- 1D
- 0.04%
- 1M
- 3.77%
- YTD
- 9.94%
- 6M
- 9.79%
- 1Y
- 26.82%
- 3Y*
- 17.39%
- 5Y*
- 12.77%
- 10Y*
- 13.61%
SMT.L
- 1D
- -1.53%
- 1M
- 3.96%
- YTD
- 27.32%
- 6M
- 41.19%
- 1Y
- 50.67%
- 3Y*
- 30.43%
- 5Y*
- 4.67%
- 10Y*
- 19.70%
UC55.L vs. SMT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UC55.L UBS ETF (LU) MSCI World UCITS ETF (USD) A-dis | 9.94% | 12.47% | 20.76% | 17.25% | -8.62% | 23.36% | 11.95% | 22.81% | -4.07% | 11.64% |
SMT.L Scottish Mortgage Investment Trust plc | 27.32% | 24.72% | 18.75% | 12.46% | -45.71% | 10.46% | 110.49% | 24.76% | 4.64% | 41.09% |
Correlation
The correlation between UC55.L and SMT.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 | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2013 | 0.70 |
The correlation between UC55.L and SMT.L has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.
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Return for Risk
UC55.L vs. SMT.L — Risk / Return Rank
UC55.L
SMT.L
UC55.L vs. SMT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI World UCITS ETF (USD) A-dis (UC55.L) and Scottish Mortgage Investment Trust plc (SMT.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.
| UC55.L | SMT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.45 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | 4.16 | -0.11 |
| Martin ratioReturn relative to average drawdown | 16.01 | 14.08 | +1.92 |
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
| UC55.L | SMT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.67 | 2.54 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.16 | +0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.68 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.56 | +0.27 |
Drawdowns
UC55.L vs. SMT.L - Drawdown Comparison
The maximum UC55.L drawdown since its inception was -28.07%, smaller than the maximum SMT.L drawdown of -62.61%. Use the drawdown chart below to compare losses from any high point for UC55.L and SMT.L.
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Drawdown Indicators
| UC55.L | SMT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.07% | -62.61% | +34.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -12.26% | +5.63% |
Max Drawdown (3Y)Largest decline over 3 years | -18.92% | -28.05% | +9.13% |
Max Drawdown (5Y)Largest decline over 5 years | -18.92% | -60.11% | +41.19% |
Max Drawdown (10Y)Largest decline over 10 years | -28.07% | -60.11% | +32.04% |
Current DrawdownCurrent decline from peak | -0.16% | -2.27% | +2.11% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -16.03% | +12.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 3.62% | -1.94% |
Volatility
UC55.L vs. SMT.L - Volatility Comparison
The current volatility for UBS ETF (LU) MSCI World UCITS ETF (USD) A-dis (UC55.L) is 2.50%, while Scottish Mortgage Investment Trust plc (SMT.L) has a volatility of 4.49%. This indicates that UC55.L experiences smaller price fluctuations and is considered to be less risky than SMT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UC55.L | SMT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 4.49% | -1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 7.22% | 16.02% | -8.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.02% | 20.11% | -10.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.29% | 29.68% | -16.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.85% | 28.76% | -13.91% |
UC55.L vs. SMT.L - Expense Ratio Comparison
UC55.L has a 0.30% expense ratio, which is lower than SMT.L's 0.31% expense ratio.
Dividends
UC55.L vs. SMT.L - Dividend Comparison
UC55.L's dividend yield for the trailing twelve months is around 0.90%, more than SMT.L's 0.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMT.L Scottish Mortgage Investment Trust plc | 0.29% | 0.37% | 0.44% | 0.51% | 0.51% | 0.26% | 0.27% | 0.54% | 0.66% | 0.67% | 0.93% | 1.05% |
UC55.L UBS ETF (LU) MSCI World UCITS ETF (USD) A-dis | 0.90% | 1.02% | 1.10% | 1.30% | 1.38% | 1.01% | 1.28% | 1.66% | 1.66% | 1.70% | 1.72% | 1.86% |
Frequently Asked Questions
UC55.L and SMT.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, UC55.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UC55.L is cheaper with a 0.30% expense ratio, compared with 0.31% for SMT.L.
They also come from different issuers: UBS and Baillie Gifford Funds. Their fees differ too: 0.30% for UC55.L and 0.31% for SMT.L.
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