UC81.L vs. IEF
UC81.L (UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis) and IEF (iShares 7-10 Year Treasury Bond ETF) are both exchange-traded funds - UC81.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD, while IEF is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Both are passively managed. Over the past 10 years, UC81.L returned 3.31%/yr vs 1.42%/yr for IEF. A 0.69 correlation means they provide meaningful diversification when combined. UC81.L charges 0.18%/yr vs 0.15%/yr for IEF.
Performance
UC81.L vs. IEF - Performance Comparison
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Different Trading Currencies
UC81.L is traded in GBp, while IEF is traded in USD. To make them comparable, the IEF values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UC81.L achieves a 0.48% return, which is significantly higher than IEF's -0.13% return. Over the past 10 years, UC81.L has outperformed IEF with an annualized return of 3.31%, while IEF has yielded a comparatively lower 1.42% annualized return.
UC81.L
- 1D
- 0.17%
- 1M
- 1.13%
- YTD
- 0.48%
- 6M
- 0.19%
- 1Y
- 5.34%
- 3Y*
- 2.64%
- 5Y*
- 3.20%
- 10Y*
- 3.31%
IEF
- 1D
- 0.13%
- 1M
- 0.82%
- YTD
- -0.13%
- 6M
- -1.42%
- 1Y
- 4.44%
- 3Y*
- -0.05%
- 5Y*
- -0.04%
- 10Y*
- 1.42%
UC81.L vs. IEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UC81.L UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis | 0.48% | -0.20% | 6.44% | 0.38% | 4.76% | 0.32% | 1.51% | 4.23% | 6.12% | -6.53% |
IEF iShares 7-10 Year Treasury Bond ETF | -0.13% | 0.34% | 1.10% | -1.54% | -5.07% | -2.41% | 6.78% | 3.92% | 6.98% | -6.31% |
Correlation
The correlation between UC81.L and IEF is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2014 | 0.69 |
The correlation between UC81.L and IEF has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.
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Return for Risk
UC81.L vs. IEF — Risk / Return Rank
UC81.L
IEF
UC81.L vs. IEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UC81.L) and iShares 7-10 Year Treasury Bond ETF (IEF). 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.
| UC81.L | IEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.12 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 0.73 | +0.51 |
| Martin ratioReturn relative to average drawdown | 3.19 | 1.81 | +1.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UC81.L | IEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 0.67 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | -0.00 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.13 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.48 | -0.04 |
Drawdowns
UC81.L vs. IEF - Drawdown Comparison
The maximum UC81.L drawdown since its inception was -14.94%, smaller than the maximum IEF drawdown of -26.56%. Use the drawdown chart below to compare losses from any high point for UC81.L and IEF.
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Drawdown Indicators
| UC81.L | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.94% | -26.56% | +11.62% |
Max Drawdown (1Y)Largest decline over 1 year | -4.29% | -6.12% | +1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -8.01% | -7.75% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -16.26% | +1.95% |
Max Drawdown (10Y)Largest decline over 10 years | -14.94% | -26.56% | +11.62% |
Current DrawdownCurrent decline from peak | -2.57% | -21.69% | +19.12% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -11.03% | +5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 2.46% | -0.79% |
Volatility
UC81.L vs. IEF - Volatility Comparison
UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UC81.L) and iShares 7-10 Year Treasury Bond ETF (IEF) have volatilities of 1.51% and 1.45%, 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
| UC81.L | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.45% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 5.14% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 6.69% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.78% | 9.69% | -1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.16% | 10.74% | -1.58% |
UC81.L vs. IEF - Expense Ratio Comparison
UC81.L has a 0.18% expense ratio, which is higher than IEF's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
UC81.L vs. IEF - Dividend Comparison
UC81.L's dividend yield for the trailing twelve months is around 4.67%, more than IEF's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | 3.90% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
UC81.L UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis | 4.67% | 5.59% | 4.77% | 3.28% | 1.36% | 1.58% | 2.75% | 2.90% | 2.20% | 2.16% | 1.86% | 0.84% |
Frequently Asked Questions
UC81.L and IEF have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEF is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEF is cheaper with a 0.15% expense ratio, compared with 0.18% for UC81.L.
UC81.L is categorized as Corporate Bonds, while IEF is Government Bonds. UC81.L tracks Bloomberg US Corp 1-3 Yr TR USD, while IEF tracks ICE U.S. Treasury 7-10 Year Bond Index. They also come from different issuers: UBS and iShares. Their fees differ too: 0.18% for UC81.L and 0.15% for IEF.
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