UC81.L vs. XZBU.L

Last updated Jun 5, 2026

UC81.L (UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis) and XZBU.L (Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C) are both Corporate Bonds funds - UC81.L tracks the Bloomberg US Corp 1-3 Yr TR USD while XZBU.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. A 0.74 correlation means they provide meaningful diversification when combined. UC81.L charges 0.18%/yr vs 0.16%/yr for XZBU.L.

Performance

UC81.L vs. XZBU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UC81.L) and Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C (XZBU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

UC81.L is traded in GBp, while XZBU.L is traded in GBP. To make them comparable, the XZBU.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

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%

XZBU.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UC81.L vs. XZBU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
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%	-4.63%
XZBU.L Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C	34.27%	0.67%	2.68%	2.98%	-8.73%	-0.87%	-2.84%

Correlation

The correlation between UC81.L and XZBU.L is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020	0.74

The correlation between UC81.L and XZBU.L has been stable across timeframes, ranging from 0.72 to 0.75 - a consistent structural relationship.

Return for Risk

UC81.L vs. XZBU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UC81.L

UC81.L Risk / Return Rank: 26
UC81.L Sharpe Ratio Rank: 26
UC81.L Sortino Ratio Rank: 26
UC81.L Omega Ratio Rank: 25
UC81.L Calmar Ratio Rank: 26
UC81.L Martin Ratio Rank: 25

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.

UC81.L vs. XZBU.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 Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C (XZBU.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	XZBU.L	Difference
Sharpe ratio: Return per unit of total volatility	0.91	—	—
Sortino ratio: Return per unit of downside risk	1.38	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	1.24	—	—
Martin ratio: Return relative to average drawdown	3.19	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	UC81.L	XZBU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	—	—

Drawdowns

Drawdown Indicators

	UC81.L	XZBU.L	Difference
Max Drawdown Largest peak-to-trough decline	-14.94%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-4.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-8.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.31%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-14.94%	—	—
Current Drawdown Current decline from peak	-2.57%	—	—
Average Drawdown Average peak-to-trough decline	-5.56%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	—	—

Volatility

Volatility by Period

	UC81.L	XZBU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.51%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.82%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.78%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.16%	—	—

UC81.L vs. XZBU.L - Expense Ratio Comparison

UC81.L has a 0.18% expense ratio, which is higher than XZBU.L's 0.16% 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. XZBU.L - Dividend Comparison

UC81.L's dividend yield for the trailing twelve months is around 4.67%, while XZBU.L has not paid dividends to shareholders.

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%
XZBU.L Xtrackers USD Corporate Bond SRI PAB UCITS ETF 1C	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

Can I hold both UC81.L and XZBU.L in my portfolio?

UC81.L and XZBU.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UC81.L or XZBU.L?

On fees, XZBU.L is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UC81.L or XZBU.L?

XZBU.L is cheaper with a 0.16% expense ratio, compared with 0.18% for UC81.L.

What is the main difference between UC81.L and XZBU.L?

UC81.L tracks Bloomberg US Corp 1-3 Yr TR USD, while XZBU.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: UBS and Xtrackers. Their fees differ too: 0.18% for UC81.L and 0.16% for XZBU.L.