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UC63.L vs. UD03.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UC63.L vs. UD03.L

Last updated Jun 5, 2026

UC63.L (UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis) and UD03.L (UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis) are both Europe Equities funds from UBS - UC63.L tracks the FTSE AllSh TR GBP while UD03.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, UC63.L returned 12.25%/yr vs 10.72%/yr for UD03.L. At a 0.20 correlation, their price movements are largely independent. UC63.L charges 0.20%/yr vs 0.28%/yr for UD03.L.

Performance

UC63.L vs. UD03.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 UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (UD03.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 5.83% return, which is significantly lower than UD03.L's 12.28% return.

UC63.L

1D
0.09%
1M
-0.61%
YTD
5.83%
6M
8.68%
1Y
21.55%
3Y*
14.65%
5Y*
12.25%
10Y*
8.91%

UD03.L

1D
0.26%
1M
2.79%
YTD
12.28%
6M
14.98%
1Y
24.17%
3Y*
14.83%
5Y*
10.72%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

UC63.L vs. UD03.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
UC63.L
UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis		5.83%25.75%9.16%6.95%7.38%19.00%-13.55%-0.09%
UD03.L
UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis		12.28%25.20%0.78%19.24%-4.62%10.81%5.72%0.00%

Correlation

The correlation between UC63.L and UD03.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

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

0.29

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

0.23

Correlation (All Time)
Calculated using the full available price history since Dec 17, 2019

0.20

Over the past year, UC63.L and UD03.L have become more correlated (0.45) than their long-term average of 0.20, meaning their price movements have been converging.

UC63.L vs. UD03.L - Sectors Allocation Comparison

Sectors
UC63.L
UD03.L

Financial Services

24.2%
28.5%

Consumer Defensive

14.7%
14.6%

Healthcare

14.3%
4.1%

Industrials

13.2%
12.1%

Energy

11.6%
2.7%

Basic Materials

9.3%
4.2%

Utilities

5.1%
7.7%

Consumer Cyclical

4.0%
7.0%

Communication Services

2.5%
3.1%

Technology

0.6%
16.2%

Real Estate

0.6%

-

Financial Services

UC63.L
24.2%
UD03.L
28.5%

Consumer Defensive

UC63.L
14.7%
UD03.L
14.6%

Healthcare

UC63.L
14.3%
UD03.L
4.1%

Industrials

UC63.L
13.2%
UD03.L
12.1%

Energy

UC63.L
11.6%
UD03.L
2.7%

Basic Materials

UC63.L
9.3%
UD03.L
4.2%

Utilities

UC63.L
5.1%
UD03.L
7.7%

Consumer Cyclical

UC63.L
4.0%
UD03.L
7.0%

Communication Services

UC63.L
2.5%
UD03.L
3.1%

Technology

UC63.L
0.6%
UD03.L
16.2%

Real Estate

UC63.L
0.6%
UD03.L

-

Compare stocks, funds, or ETFs

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

UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis

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 UD03.L:
UD03.L vs. XUEK.LUD03.L vs. CE2D.LUD03.L vs. IEDL.LUD03.L vs. IEFS.LUD03.L vs. EUDI.LUD03.L vs. HDEU.LUD03.L vs. OMXS.L

Return for Risk

UC63.L vs. UD03.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: 5555
Overall Rank
UC63.L Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
UC63.L Sortino Ratio Rank: 5757
Sortino Ratio Rank
UC63.L Omega Ratio Rank: 6060
Omega Ratio Rank
UC63.L Calmar Ratio Rank: 4949
Calmar Ratio Rank
UC63.L Martin Ratio Rank: 4949
Martin Ratio Rank
UD03.L
UD03.L Risk / Return Rank: 9090
Overall Rank
UD03.L Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
UD03.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
UD03.L Omega Ratio Rank: 9292
Omega Ratio Rank
UD03.L Calmar Ratio Rank: 9191
Calmar Ratio Rank
UD03.L Martin Ratio Rank: 8282
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. UD03.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 UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (UD03.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.

UC63.LUD03.LDifference
Sharpe ratioReturn per unit of total volatility
1.93
3.47

-1.54

Sortino ratioReturn per unit of downside risk
2.67
4.46

-1.79

Omega ratioGain probability vs. loss probability

1.36

1.61

-0.25

Calmar ratioReturn relative to maximum drawdown

2.39

5.70

-3.30

Martin ratioReturn relative to average drawdown

8.18

16.25

-8.07

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

UC63.L vs. UD03.L - Sharpe Ratio Comparison

The current UC63.L Sharpe Ratio is 1.93, which is lower than the UD03.L Sharpe Ratio of 3.47. The chart below compares the historical Sharpe Ratios of UC63.L and UD03.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

UC63.LUD03.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.93

3.47

-1.54

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.95

1.75

-0.80

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.59

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

1.19

-0.71

Drawdowns

UC63.L vs. UD03.L - Drawdown Comparison

The maximum UC63.L drawdown since its inception was -34.55%, which is greater than UD03.L's maximum drawdown of -30.85%. Use the drawdown chart below to compare losses from any high point for UC63.L and UD03.L.

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Drawdown Indicators

UC63.LUD03.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.55%

-30.85%

-3.70%

Max Drawdown (1Y)

Largest decline over 1 year

-9.05%

-9.80%

+0.75%

Max Drawdown (3Y)

Largest decline over 3 years

-12.95%

-11.72%

-1.23%

Max Drawdown (5Y)

Largest decline over 5 years

-12.95%

-18.67%

+5.72%

Max Drawdown (10Y)

Largest decline over 10 years

-34.55%

—

—

Current Drawdown

Current decline from peak

-4.19%

-1.19%

-3.00%

Average Drawdown

Average peak-to-trough decline

-4.76%

-3.31%

-1.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.65%

3.56%

-0.91%

Volatility

UC63.L vs. UD03.L - Volatility Comparison

UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis (UC63.L) has a higher volatility of 4.04% compared to UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (UD03.L) at 3.58%. This indicates that UC63.L's price experiences larger fluctuations and is considered to be riskier than UD03.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.LUD03.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.04%

3.58%

+0.46%

Volatility (6M)

Calculated over the trailing 6-month period

9.72%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

11.19%

16.13%

-4.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.88%

27.46%

-14.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.11%

47.29%

-32.18%

UC63.L vs. UD03.L - Expense Ratio Comparison

UC63.L has a 0.20% expense ratio, which is lower than UD03.L's 0.28% expense ratio.

Dividends

UC63.L vs. UD03.L - Dividend Comparison

UC63.L's dividend yield for the trailing twelve months is around 2.87%, more than UD03.L's 2.54% yield.

PositionTTM20252024202320222021202020192018201720162015
UC63.L
UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis		2.87%2.73%3.12%3.69%3.71%3.22%3.86%4.21%3.55%4.46%2.14%4.44%
UD03.L
UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis		2.54%2.97%2.84%3.67%3.96%3.50%2.07%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

UC63.L and UD03.L have a correlation of 0.45, 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 0.28% for UD03.L.

UC63.L tracks FTSE AllSh TR GBP, while UD03.L tracks MSCI EMU NR EUR. Their fees differ too: 0.20% for UC63.L and 0.28% for UD03.L.

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