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UC67.L vs. UC04.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UC67.L vs. UC04.L

Last updated Jun 5, 2026

UC67.L (UBS ETF (LU) MSCI USA UCITS ETF (USD) A-dis) and UC04.L (UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis) are both Large Cap Blend Equities funds from UBS tracking the Russell 1000 TR USD. Both are passively managed. Over the past 10 years, UC67.L returned 14.88%/yr vs 15.17%/yr for UC04.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.14% expense ratio.

Performance

UC67.L vs. UC04.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS ETF (LU) MSCI USA UCITS ETF (USD) A-dis (UC67.L) and UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis (UC04.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

UC67.L is traded in USD, while UC04.L is traded in GBp. To make them comparable, the UC04.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with UC67.L having a 10.29% return and UC04.L slightly lower at 10.23%. Both investments have delivered pretty close results over the past 10 years, with UC67.L having a 14.88% annualized return and UC04.L not far ahead at 15.17%.

UC67.L

1D
-0.01%
1M
4.59%
YTD
10.29%
6M
10.81%
1Y
27.25%
3Y*
22.02%
5Y*
13.21%
10Y*
14.88%

UC04.L

1D
0.06%
1M
4.76%
YTD
10.23%
6M
11.13%
1Y
27.63%
3Y*
22.24%
5Y*
13.53%
10Y*
15.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UC67.L vs. UC04.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UC67.L
UBS ETF (LU) MSCI USA UCITS ETF (USD) A-dis		10.29%17.07%24.74%27.16%-20.11%27.17%20.28%30.31%-5.96%21.32%
UC04.L
UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis		10.23%17.52%25.26%26.87%-20.08%27.79%20.18%31.64%-5.97%21.28%

Correlation

The correlation between UC67.L and UC04.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.92

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

0.91

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

0.92

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

0.91

Correlation (All Time)
Calculated using the full available price history since Sep 24, 2014

0.92

The correlation between UC67.L and UC04.L has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

UC67.L vs. UC04.L - Sectors Allocation Comparison

Sectors
UC67.L
UC04.L

Technology

37.7%
37.7%

Financial Services

11.2%
11.2%

Communication Services

10.9%
10.9%

Consumer Cyclical

9.9%
9.9%

Healthcare

8.4%
8.5%

Industrials

8.1%
8.1%

Consumer Defensive

4.7%
4.7%

Energy

3.4%
3.4%

Utilities

2.1%
2.1%

Real Estate

1.9%
1.9%

Basic Materials

1.7%
1.7%

Technology

UC67.L
37.7%
UC04.L
37.7%

Financial Services

UC67.L
11.2%
UC04.L
11.2%

Communication Services

UC67.L
10.9%
UC04.L
10.9%

Consumer Cyclical

UC67.L
9.9%
UC04.L
9.9%

Healthcare

UC67.L
8.4%
UC04.L
8.5%

Industrials

UC67.L
8.1%
UC04.L
8.1%

Consumer Defensive

UC67.L
4.7%
UC04.L
4.7%

Energy

UC67.L
3.4%
UC04.L
3.4%

Utilities

UC67.L
2.1%
UC04.L
2.1%

Real Estate

UC67.L
1.9%
UC04.L
1.9%

Basic Materials

UC67.L
1.7%
UC04.L
1.7%

Compare stocks, funds, or ETFs

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UBS ETF (LU) MSCI USA UCITS ETF (USD) A-dis

UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis

Often compared with UC67.L:
UC67.L vs. CAPU.LUC67.L vs. MVEA.LUC67.L vs. UPAD.LUC67.L vs. BBSU.LUC67.L vs. FLXU.LUC67.L vs. SDUS.LUC67.L vs. VTI
Often compared with UC04.L:
UC04.L vs. SMHUC04.L vs. HMCA.LUC04.L vs. QQQUC04.L vs. ^GSPCUC04.L vs. SPX5.LUC04.L vs. SPYUC04.L vs. SEMC.L

Return for Risk

UC67.L vs. UC04.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UC67.L
UC67.L Risk / Return Rank: 7272
Overall Rank
UC67.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
UC67.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
UC67.L Omega Ratio Rank: 7373
Omega Ratio Rank
UC67.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
UC67.L Martin Ratio Rank: 7373
Martin Ratio Rank
UC04.L
UC04.L Risk / Return Rank: 7979
Overall Rank
UC04.L Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
UC04.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
UC04.L Omega Ratio Rank: 8484
Omega Ratio Rank
UC04.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
UC04.L Martin Ratio Rank: 7171
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.

UC67.L vs. UC04.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI USA UCITS ETF (USD) A-dis (UC67.L) and UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis (UC04.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.

UC67.LUC04.LDifference
Sharpe ratioReturn per unit of total volatility
2.33
2.46

-0.13

Sortino ratioReturn per unit of downside risk
3.38
3.55

-0.16

Omega ratioGain probability vs. loss probability

1.43

1.44

-0.01

Calmar ratioReturn relative to maximum drawdown

3.17

3.08

+0.09

Martin ratioReturn relative to average drawdown

13.61

13.05

+0.56

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

UC67.L vs. UC04.L - Sharpe Ratio Comparison

The current UC67.L Sharpe Ratio is 2.33, which is comparable to the UC04.L Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of UC67.L and UC04.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

UC67.LUC04.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.33

2.46

-0.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.81

0.85

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.90

0.93

-0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.89

-0.07

Drawdowns

UC67.L vs. UC04.L - Drawdown Comparison

The maximum UC67.L drawdown since its inception was -34.42%, roughly equal to the maximum UC04.L drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for UC67.L and UC04.L.

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Drawdown Indicators

UC67.LUC04.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.42%

-33.82%

-0.60%

Max Drawdown (1Y)

Largest decline over 1 year

-8.57%

-8.94%

+0.37%

Max Drawdown (3Y)

Largest decline over 3 years

-19.42%

-19.09%

-0.33%

Max Drawdown (5Y)

Largest decline over 5 years

-25.45%

-26.21%

+0.76%

Max Drawdown (10Y)

Largest decline over 10 years

-34.42%

-33.82%

-0.60%

Current Drawdown

Current decline from peak

-0.50%

-0.48%

-0.02%

Average Drawdown

Average peak-to-trough decline

-4.46%

-4.11%

-0.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.00%

2.11%

-0.11%

Volatility

UC67.L vs. UC04.L - Volatility Comparison

UBS ETF (LU) MSCI USA UCITS ETF (USD) A-dis (UC67.L) has a higher volatility of 3.27% compared to UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis (UC04.L) at 2.64%. This indicates that UC67.L's price experiences larger fluctuations and is considered to be riskier than UC04.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UC67.LUC04.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.27%

2.64%

+0.63%

Volatility (6M)

Calculated over the trailing 6-month period

8.55%

8.05%

+0.50%

Volatility (1Y)

Calculated over the trailing 1-year period

11.66%

11.20%

+0.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.31%

15.96%

+0.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.59%

16.43%

+0.16%

UC67.L vs. UC04.L - Expense Ratio Comparison

Both UC67.L and UC04.L have an expense ratio of 0.14%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

UC67.L vs. UC04.L - Dividend Comparison

UC67.L's dividend yield for the trailing twelve months is around 0.58%, less than UC04.L's 0.84% yield.

PositionTTM20252024202320222021202020192018201720162015
UC04.L
UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis		0.84%0.96%0.95%1.12%1.19%0.89%1.28%1.40%1.50%1.32%1.52%1.44%
UC67.L
UBS ETF (LU) MSCI USA UCITS ETF (USD) A-dis		0.58%0.62%0.76%0.89%1.04%0.75%1.01%1.14%1.25%0.58%1.26%1.28%

Frequently Asked Questions

With a correlation of 0.92, UC67.L and UC04.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 0.14% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

UC67.L and UC04.L have the same expense ratio: 0.14% per year.

Both ETFs track Russell 1000 TR USD.

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