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UC64.L vs. UC63.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UC64.L vs. UC63.L

Last updated Jun 5, 2026

UC64.L (UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-acc) and UC63.L (UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis) are both Europe Equities funds from UBS tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, UC64.L returned 8.92%/yr vs 8.91%/yr for UC63.L. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.20% expense ratio.

Performance

UC64.L vs. UC63.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-acc (UC64.L) and UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis (UC63.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with UC64.L having a 5.71% return and UC63.L slightly higher at 5.83%. Both investments have delivered pretty close results over the past 10 years, with UC64.L having a 8.92% annualized return and UC63.L not far behind at 8.91%.

UC64.L

1D
0.08%
1M
-0.65%
YTD
5.71%
6M
8.61%
1Y
21.48%
3Y*
14.64%
5Y*
12.26%
10Y*
8.92%

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

UC64.L vs. UC63.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UC64.L
UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-acc		5.71%25.84%9.18%6.92%7.41%19.19%-13.59%16.43%-9.24%12.23%
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%16.32%-9.35%12.54%

Correlation

The correlation between UC64.L and UC63.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

0.99

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

0.98

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

0.99

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

0.98

Correlation (All Time)
Calculated using the full available price history since Dec 3, 2013

0.98

The correlation between UC64.L and UC63.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

UC64.L vs. UC63.L - Sectors Allocation Comparison

Sectors
UC64.L
UC63.L

Financial Services

24.2%
24.2%

Consumer Defensive

14.7%
14.7%

Healthcare

14.3%
14.3%

Industrials

13.2%
13.2%

Energy

11.6%
11.6%

Basic Materials

9.3%
9.3%

Utilities

5.1%
5.1%

Consumer Cyclical

4.0%
4.0%

Communication Services

2.5%
2.5%

Technology

0.6%
0.6%

Real Estate

0.6%
0.6%

Financial Services

UC64.L
24.2%
UC63.L
24.2%

Consumer Defensive

UC64.L
14.7%
UC63.L
14.7%

Healthcare

UC64.L
14.3%
UC63.L
14.3%

Industrials

UC64.L
13.2%
UC63.L
13.2%

Energy

UC64.L
11.6%
UC63.L
11.6%

Basic Materials

UC64.L
9.3%
UC63.L
9.3%

Utilities

UC64.L
5.1%
UC63.L
5.1%

Consumer Cyclical

UC64.L
4.0%
UC63.L
4.0%

Communication Services

UC64.L
2.5%
UC63.L
2.5%

Technology

UC64.L
0.6%
UC63.L
0.6%

Real Estate

UC64.L
0.6%
UC63.L
0.6%

Compare stocks, funds, or ETFs

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

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

Often compared with UC64.L:
UC64.L vs. FLXD.LUC64.L vs. S5SD.LUC64.L vs. EEIP.LUC64.L vs. EUMV.LUC64.L vs. FEUD.LUC64.L vs. JRDZ.LUC64.L vs. CEUR.L
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

Return for Risk

UC64.L vs. UC63.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UC64.L
UC64.L Risk / Return Rank: 5555
Overall Rank
UC64.L Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
UC64.L Sortino Ratio Rank: 5757
Sortino Ratio Rank
UC64.L Omega Ratio Rank: 6060
Omega Ratio Rank
UC64.L Calmar Ratio Rank: 4949
Calmar Ratio Rank
UC64.L Martin Ratio Rank: 4949
Martin Ratio Rank
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
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.

UC64.L vs. UC63.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-acc (UC64.L) and UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis (UC63.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.

UC64.LUC63.LDifference
Sharpe ratioReturn per unit of total volatility
1.94
1.93

+0.01

Sortino ratioReturn per unit of downside risk
2.69
2.67

+0.02

Omega ratioGain probability vs. loss probability

1.36

1.36

0.00

Calmar ratioReturn relative to maximum drawdown

2.37

2.39

-0.02

Martin ratioReturn relative to average drawdown

8.12

8.18

-0.06

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

UC64.L vs. UC63.L - Sharpe Ratio Comparison

The current UC64.L Sharpe Ratio is 1.94, which is comparable to the UC63.L Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of UC64.L and UC63.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

UC64.LUC63.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.94

1.93

+0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.96

0.95

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.59

0.59

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.48

0.00

Drawdowns

UC64.L vs. UC63.L - Drawdown Comparison

The maximum UC64.L drawdown since its inception was -34.57%, roughly equal to the maximum UC63.L drawdown of -34.55%. Use the drawdown chart below to compare losses from any high point for UC64.L and UC63.L.

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Drawdown Indicators

UC64.LUC63.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.57%

-34.55%

-0.02%

Max Drawdown (1Y)

Largest decline over 1 year

-9.12%

-9.05%

-0.07%

Max Drawdown (3Y)

Largest decline over 3 years

-12.89%

-12.95%

+0.06%

Max Drawdown (5Y)

Largest decline over 5 years

-12.89%

-12.95%

+0.06%

Max Drawdown (10Y)

Largest decline over 10 years

-34.57%

-34.55%

-0.02%

Current Drawdown

Current decline from peak

-4.28%

-4.19%

-0.09%

Average Drawdown

Average peak-to-trough decline

-4.78%

-4.76%

-0.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.67%

2.65%

+0.02%

Volatility

UC64.L vs. UC63.L - Volatility Comparison

UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-acc (UC64.L) and UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis (UC63.L) have volatilities of 4.02% and 4.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UC64.LUC63.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.02%

4.04%

-0.02%

Volatility (6M)

Calculated over the trailing 6-month period

9.66%

9.72%

-0.06%

Volatility (1Y)

Calculated over the trailing 1-year period

11.13%

11.19%

-0.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.72%

12.88%

-0.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.07%

15.11%

-0.04%

UC64.L vs. UC63.L - Expense Ratio Comparison

Both UC64.L and UC63.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

UC64.L vs. UC63.L - Dividend Comparison

UC64.L has not paid dividends to shareholders, while UC63.L's dividend yield for the trailing twelve months is around 2.87%.

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%
UC64.L
UBS ETF (LU) MSCI UK UCITS ETF (GBP) 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%

Frequently Asked Questions

With a correlation of 0.99, UC64.L and UC63.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

UC64.L and UC63.L have the same expense ratio: 0.20% per year.

Both ETFs track FTSE AllSh TR GBP.

Portfolio Optimizer

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