UC81.L vs. UC84.L
UC81.L (UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis) and UC84.L (UBS ETF (LU) Bloomberg US Liquid Corporates UCITS ETF (USD) A-dis) are both Corporate Bonds funds from UBS - UC81.L tracks the Bloomberg US Corp 1-3 Yr TR USD while UC84.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 10 years, UC81.L returned 3.31%/yr vs 3.15%/yr for UC84.L. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.
Performance
UC81.L vs. UC84.L - Performance Comparison
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Returns By Period
In the year-to-date period, UC81.L achieves a 0.48% return, which is significantly higher than UC84.L's 0.32% return. Both investments have delivered pretty close results over the past 10 years, with UC81.L having a 3.31% annualized return and UC84.L not far behind at 3.15%.
UC81.L
- 1D
- 0.17%
- 1M
- 1.15%
- YTD
- 0.48%
- 6M
- 0.05%
- 1Y
- 5.60%
- 3Y*
- 2.64%
- 5Y*
- 3.20%
- 10Y*
- 3.31%
UC84.L
- 1D
- 0.23%
- 1M
- 1.24%
- YTD
- 0.32%
- 6M
- -0.24%
- 1Y
- 6.75%
- 3Y*
- 2.40%
- 5Y*
- 1.22%
- 10Y*
- 3.15%
UC81.L vs. UC84.L - 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% |
UC84.L UBS ETF (LU) Bloomberg US Liquid Corporates UCITS ETF (USD) A-dis | 0.32% | 0.41% | 3.96% | 2.43% | -7.77% | -0.84% | 6.02% | 13.64% | 2.44% | -3.36% |
Correlation
The correlation between UC81.L and UC84.L is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2014 | 0.84 |
The correlation between UC81.L and UC84.L has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.
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Return for Risk
UC81.L vs. UC84.L — Risk / Return Rank
UC81.L
UC84.L
UC81.L vs. UC84.L - 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 UBS ETF (LU) Bloomberg US Liquid Corporates UCITS ETF (USD) A-dis (UC84.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.
| UC81.L | UC84.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.18 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 1.31 | -0.07 |
| Martin ratioReturn relative to average drawdown | 3.19 | 3.20 | -0.02 |
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 | UC84.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.04 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.13 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.30 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.39 | +0.04 |
Drawdowns
UC81.L vs. UC84.L - Drawdown Comparison
The maximum UC81.L drawdown since its inception was -14.94%, smaller than the maximum UC84.L drawdown of -18.73%. Use the drawdown chart below to compare losses from any high point for UC81.L and UC84.L.
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Drawdown Indicators
| UC81.L | UC84.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.94% | -18.73% | +3.79% |
Max Drawdown (1Y)Largest decline over 1 year | -4.29% | -4.83% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -8.01% | -8.52% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -14.49% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -14.94% | -18.73% | +3.79% |
Current DrawdownCurrent decline from peak | -2.57% | -8.33% | +5.76% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -8.19% | +2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.98% | -0.31% |
Volatility
UC81.L vs. UC84.L - Volatility Comparison
UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UC81.L) and UBS ETF (LU) Bloomberg US Liquid Corporates UCITS ETF (USD) A-dis (UC84.L) have volatilities of 1.51% and 1.50%, 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 | UC84.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.50% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.27% | 4.47% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 6.08% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.78% | 9.08% | -1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.16% | 10.40% | -1.24% |
UC81.L vs. UC84.L - Expense Ratio Comparison
Both UC81.L and UC84.L have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
UC81.L vs. UC84.L - Dividend Comparison
UC81.L's dividend yield for the trailing twelve months is around 4.67%, less than UC84.L's 5.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UC84.L UBS ETF (LU) Bloomberg US Liquid Corporates UCITS ETF (USD) A-dis | 5.52% | 4.82% | 4.55% | 4.27% | 2.69% | 2.28% | 3.02% | 3.48% | 3.37% | 2.98% | 3.21% | 1.40% |
Frequently Asked Questions
UC81.L and UC84.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
UC81.L and UC84.L have the same expense ratio: 0.18% per year.
UC81.L tracks Bloomberg US Corp 1-3 Yr TR USD, while UC84.L tracks Bloomberg US Corp Bond TR USD.
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