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

UC63.L vs. MVEU.L

Last updated Jun 27, 2026

UC63.L (UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds - UC63.L tracks the FTSE AllSh TR GBP while MVEU.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, UC63.L returned 9.32%/yr vs 8.04%/yr for MVEU.L. A 0.74 correlation means they provide meaningful diversification when combined. UC63.L charges 0.20%/yr vs 0.25%/yr for MVEU.L.

Performance

UC63.L vs. MVEU.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 iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

UC63.L is traded in GBp, while MVEU.L is traded in EUR. To make them comparable, the MVEU.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, UC63.L achieves a 7.59% return, which is significantly higher than MVEU.L's 6.38% return. Over the past 10 years, UC63.L has outperformed MVEU.L with an annualized return of 9.32%, while MVEU.L has yielded a comparatively lower 8.04% 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%

MVEU.L

1D
0.26%
1M
0.18%
YTD
6.38%
6M
6.68%
1Y
11.85%
3Y*
11.79%
5Y*
7.21%
10Y*
8.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UC63.L vs. MVEU.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%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		6.43%17.63%6.71%8.45%-8.16%14.46%1.57%15.47%-2.87%14.16%

Correlation

The correlation between UC63.L and MVEU.L is 0.70, 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

0.70

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

0.73

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

0.70

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

0.73

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

0.74

The correlation between UC63.L and MVEU.L has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.

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

Sectors
UC63.L
MVEU.L

Financial Services

25.3%
17.6%

Consumer Defensive

14.4%
14.1%

Healthcare

13.9%
12.3%

Industrials

13.8%
15.6%

Energy

11.0%
6.9%

Basic Materials

9.3%
5.1%

Utilities

5.0%
10.1%

Consumer Cyclical

3.9%
3.6%

Communication Services

2.2%
9.0%

Real Estate

0.6%
1.5%

Technology

0.6%
3.4%

Financial Services

UC63.L
25.3%
MVEU.L
17.6%

Consumer Defensive

UC63.L
14.4%
MVEU.L
14.1%

Healthcare

UC63.L
13.9%
MVEU.L
12.3%

Industrials

UC63.L
13.8%
MVEU.L
15.6%

Energy

UC63.L
11.0%
MVEU.L
6.9%

Basic Materials

UC63.L
9.3%
MVEU.L
5.1%

Utilities

UC63.L
5.0%
MVEU.L
10.1%

Consumer Cyclical

UC63.L
3.9%
MVEU.L
3.6%

Communication Services

UC63.L
2.2%
MVEU.L
9.0%

Real Estate

UC63.L
0.6%
MVEU.L
1.5%

Technology

UC63.L
0.6%
MVEU.L
3.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

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

iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)

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 MVEU.L:
MVEU.L vs. SVOLMVEU.L vs. VTMVEU.L vs. FLXD.LMVEU.L vs. EUHD.LMVEU.L vs. CS1.LMVEU.L vs. CSP1.LMVEU.L vs. PRUK.L

Return for Risk

UC63.L vs. MVEU.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
MVEU.L
MVEU.L Risk / Return Rank: 3535
Overall Rank
MVEU.L Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
MVEU.L Sortino Ratio Rank: 3636
Sortino Ratio Rank
MVEU.L Omega Ratio Rank: 3636
Omega Ratio Rank
MVEU.L Calmar Ratio Rank: 3333
Calmar Ratio Rank
MVEU.L Martin Ratio Rank: 3434
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. MVEU.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 iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.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.LMVEU.LDifference
Sharpe ratioReturn per unit of total volatility
2.14
1.33

+0.81

Sortino ratioReturn per unit of downside risk
2.92
1.84

+1.08

Omega ratioGain probability vs. loss probability

1.40

1.24

+0.16

Calmar ratioReturn relative to maximum drawdown

2.71

1.42

+1.29

Martin ratioReturn relative to average drawdown

8.82

4.19

+4.63

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

The current UC63.L Sharpe Ratio is 2.14, which is higher than the MVEU.L Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of UC63.L and MVEU.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. MVEU.L - Drawdown Comparison

The maximum UC63.L drawdown since its inception was -34.55%, which is greater than MVEU.L's maximum drawdown of -23.74%. Use the drawdown chart below to compare losses from any high point for UC63.L and MVEU.L.

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Drawdown Indicators

UC63.LMVEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.55%

-23.74%

-10.81%

Max Drawdown (1Y)

Largest decline over 1 year

-9.05%

-8.32%

-0.73%

Max Drawdown (3Y)

Largest decline over 3 years

-12.95%

-8.32%

-4.63%

Max Drawdown (5Y)

Largest decline over 5 years

-12.95%

-17.42%

+4.47%

Max Drawdown (10Y)

Largest decline over 10 years

-34.55%

-23.74%

-10.81%

Current Drawdown

Current decline from peak

-2.60%

-3.10%

+0.50%

Average Drawdown

Average peak-to-trough decline

-4.79%

-3.52%

-1.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.78%

2.82%

-0.04%

Volatility

UC63.L vs. MVEU.L - Volatility Comparison

UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis (UC63.L) has a higher volatility of 3.04% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 1.93%. This indicates that UC63.L's price experiences larger fluctuations and is considered to be riskier than MVEU.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.LMVEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.04%

1.93%

+1.11%

Volatility (6M)

Calculated over the trailing 6-month period

9.84%

7.32%

+2.52%

Volatility (1Y)

Calculated over the trailing 1-year period

11.44%

8.92%

+2.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.86%

11.28%

+1.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.96%

12.62%

+2.34%

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

UC63.L has a 0.20% expense ratio, which is lower than MVEU.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

UC63.L vs. MVEU.L - Dividend Comparison

UC63.L's dividend yield for the trailing twelve months is around 2.82%, while MVEU.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (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%
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 MVEU.L have a correlation of 0.70, 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 0.25% for MVEU.L.

UC63.L tracks FTSE AllSh TR GBP, while MVEU.L tracks MSCI Europe NR EUR. They also come from different issuers: UBS and iShares. Their fees differ too: 0.20% for UC63.L and 0.25% for MVEU.L.

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