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UC63.L vs. MIBX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UC63.L vs. MIBX.L

Last updated Jun 27, 2026

UC63.L (UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis) and MIBX.L (Lyxor FTSE MIB UCITS ETF - Dist) are both Europe Equities funds - UC63.L tracks the FTSE AllSh TR GBP while MIBX.L tracks the FTSE Italia AllShare TR EUR. Both are passively managed. Over the past 10 years, UC63.L returned 9.32%/yr vs 17.49%/yr for MIBX.L. A 0.68 correlation means they provide meaningful diversification when combined. UC63.L charges 0.20%/yr vs 0.35%/yr for MIBX.L.

Performance

UC63.L vs. MIBX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis (UC63.L) and Lyxor FTSE MIB UCITS ETF - Dist (MIBX.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, UC63.L achieves a 7.59% return, which is significantly lower than MIBX.L's 17.04% return. Over the past 10 years, UC63.L has underperformed MIBX.L with an annualized return of 9.32%, while MIBX.L has yielded a comparatively higher 17.49% annualized return.

UC63.L

1D
-0.13%
1M
0.13%
YTD
7.59%
6M
8.23%
1Y
24.60%
3Y*
15.95%
5Y*
12.40%
10Y*
9.32%

MIBX.L

1D
0.07%
1M
3.30%
YTD
17.04%
6M
17.60%
1Y
38.44%
3Y*
29.72%
5Y*
20.55%
10Y*
17.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UC63.L vs. MIBX.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UC63.L
UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis		7.59%25.75%9.16%6.95%7.38%19.00%-13.55%16.32%-9.35%12.54%
MIBX.L
Lyxor FTSE MIB UCITS ETF - Dist		17.04%43.78%13.17%30.61%-3.53%18.16%1.49%25.15%-12.72%21.14%

Correlation

The correlation between UC63.L and MIBX.L is 0.60, 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

0.60

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

0.63

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

0.67

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

0.68

Correlation (All Time)
Calculated using the full available price history since Nov 29, 2013

0.68

The correlation between UC63.L and MIBX.L has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.

UC63.L vs. MIBX.L - Sectors Allocation Comparison

Sectors
UC63.L
MIBX.L

Financial Services

25.3%
45.3%

Consumer Defensive

14.4%
0.4%

Healthcare

13.9%
1.2%

Industrials

13.8%
11.4%

Energy

11.0%
7.9%

Basic Materials

9.3%
0.5%

Utilities

5.0%
15.9%

Consumer Cyclical

3.9%
9.9%

Communication Services

2.2%
1.7%

Real Estate

0.6%
0.3%

Technology

0.6%
5.5%

Financial Services

UC63.L
25.3%
MIBX.L
45.3%

Consumer Defensive

UC63.L
14.4%
MIBX.L
0.4%

Healthcare

UC63.L
13.9%
MIBX.L
1.2%

Industrials

UC63.L
13.8%
MIBX.L
11.4%

Energy

UC63.L
11.0%
MIBX.L
7.9%

Basic Materials

UC63.L
9.3%
MIBX.L
0.5%

Utilities

UC63.L
5.0%
MIBX.L
15.9%

Consumer Cyclical

UC63.L
3.9%
MIBX.L
9.9%

Communication Services

UC63.L
2.2%
MIBX.L
1.7%

Real Estate

UC63.L
0.6%
MIBX.L
0.3%

Technology

UC63.L
0.6%
MIBX.L
5.5%

Compare stocks, funds, or ETFs

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UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis

Lyxor FTSE MIB UCITS ETF - Dist

Often compared with UC63.L:
UC63.L vs. IUIS.LUC63.L vs. VTIUC63.L vs. VOOUC63.L vs. IUIT.LUC63.L vs. VADGXUC63.L vs. UB17.LUC63.L vs. SPY
Often compared with MIBX.L:
MIBX.L vs. PRY.MIMIBX.L vs. DAXMIBX.L vs. VUSA.LMIBX.L vs. SPYMIBX.L vs. FLXD.LMIBX.L vs. 500G.LMIBX.L vs. BNKE.L

Return for Risk

UC63.L vs. MIBX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UC63.L
UC63.L Risk / Return Rank: 7070
Overall Rank
UC63.L Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
UC63.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
UC63.L Omega Ratio Rank: 7878
Omega Ratio Rank
UC63.L Calmar Ratio Rank: 6363
Calmar Ratio Rank
UC63.L Martin Ratio Rank: 5757
Martin Ratio Rank
MIBX.L
MIBX.L Risk / Return Rank: 8484
Overall Rank
MIBX.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
MIBX.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
MIBX.L Omega Ratio Rank: 8484
Omega Ratio Rank
MIBX.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
MIBX.L Martin Ratio Rank: 7979
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.

UC63.L vs. MIBX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis (UC63.L) and Lyxor FTSE MIB UCITS ETF - Dist (MIBX.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

UC63.LMIBX.LDifference
Sharpe ratioReturn per unit of total volatility
2.14
2.54

-0.39

Sortino ratioReturn per unit of downside risk
2.92
3.41

-0.49

Omega ratioGain probability vs. loss probability

1.40

1.44

-0.04

Calmar ratioReturn relative to maximum drawdown

2.71

3.73

-1.02

Martin ratioReturn relative to average drawdown

8.82

13.56

-4.74

UC63.L vs. MIBX.L - Sharpe Ratio Comparison

The current UC63.L Sharpe Ratio is 2.14, which is comparable to the MIBX.L Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of UC63.L and MIBX.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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Drawdowns

UC63.L vs. MIBX.L - Drawdown Comparison

The maximum UC63.L drawdown since its inception was -34.55%, smaller than the maximum MIBX.L drawdown of -67.93%. Use the drawdown chart below to compare losses from any high point for UC63.L and MIBX.L.

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Drawdown Indicators

UC63.LMIBX.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.55%

-67.93%

+33.38%

Max Drawdown (1Y)

Largest decline over 1 year

-9.05%

-10.26%

+1.21%

Max Drawdown (3Y)

Largest decline over 3 years

-12.95%

-15.64%

+2.69%

Max Drawdown (5Y)

Largest decline over 5 years

-12.95%

-24.06%

+11.11%

Max Drawdown (10Y)

Largest decline over 10 years

-34.55%

-35.10%

+0.55%

Current Drawdown

Current decline from peak

-2.60%

-2.69%

+0.09%

Average Drawdown

Average peak-to-trough decline

-4.79%

-39.84%

+35.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.78%

2.83%

-0.05%

Volatility

UC63.L vs. MIBX.L - Volatility Comparison

The current volatility for UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis (UC63.L) is 3.04%, while Lyxor FTSE MIB UCITS ETF - Dist (MIBX.L) has a volatility of 3.85%. This indicates that UC63.L experiences smaller price fluctuations and is considered to be less risky than MIBX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UC63.LMIBX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.04%

3.85%

-0.81%

Volatility (6M)

Calculated over the trailing 6-month period

9.84%

12.39%

-2.55%

Volatility (1Y)

Calculated over the trailing 1-year period

11.44%

15.10%

-3.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.86%

17.95%

-5.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.96%

18.93%

-3.97%

UC63.L vs. MIBX.L - Expense Ratio Comparison

UC63.L has a 0.20% expense ratio, which is lower than MIBX.L's 0.35% expense ratio.

Dividends

UC63.L vs. MIBX.L - Dividend Comparison

UC63.L's dividend yield for the trailing twelve months is around 2.82%, less than MIBX.L's 3.15% yield.

PositionTTM20252024202320222021202020192018201720162015
MIBX.L
Lyxor FTSE MIB UCITS ETF - Dist		3.15%3.68%3.93%3.73%3.88%2.09%1.55%4.02%4.05%2.75%3.56%3.05%
UC63.L
UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis		2.82%2.73%3.12%3.69%3.71%3.22%3.86%4.21%3.55%4.46%2.14%4.44%

Frequently Asked Questions

UC63.L and MIBX.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, UC63.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UC63.L is cheaper with a 0.20% expense ratio, compared with 0.35% for MIBX.L.

UC63.L tracks FTSE AllSh TR GBP, while MIBX.L tracks FTSE Italia AllShare TR EUR. They also come from different issuers: UBS and Amundi. Their fees differ too: 0.20% for UC63.L and 0.35% for MIBX.L.

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