UC84.L vs. UC04.L
UC84.L (UBS ETF (LU) Bloomberg US Liquid Corporates UCITS ETF (USD) A-dis) and UC04.L (UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis) are both exchange-traded funds - UC84.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while UC04.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 10 years, UC84.L returned 3.15%/yr vs 16.01%/yr for UC04.L. At a 0.30 correlation, their price movements are largely independent. UC84.L charges 0.18%/yr vs 0.14%/yr for UC04.L.
Performance
UC84.L vs. UC04.L - Performance Comparison
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Returns By Period
In the year-to-date period, UC84.L achieves a 0.32% return, which is significantly lower than UC04.L's 10.50% return. Over the past 10 years, UC84.L has underperformed UC04.L with an annualized return of 3.15%, while UC04.L has yielded a comparatively higher 16.01% annualized return.
UC84.L
- 1D
- 0.23%
- 1M
- 1.54%
- YTD
- 0.32%
- 6M
- -0.15%
- 1Y
- 6.36%
- 3Y*
- 2.40%
- 5Y*
- 1.22%
- 10Y*
- 3.15%
UC04.L
- 1D
- 0.01%
- 1M
- 5.66%
- YTD
- 10.50%
- 6M
- 10.32%
- 1Y
- 28.86%
- 3Y*
- 19.17%
- 5Y*
- 14.74%
- 10Y*
- 16.01%
UC84.L vs. UC04.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
UC04.L UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis | 10.50% | 9.28% | 27.38% | 20.52% | -10.51% | 28.96% | 16.61% | 26.56% | -0.32% | 10.74% |
Correlation
The correlation between UC84.L and UC04.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2014 | 0.30 |
The correlation between UC84.L and UC04.L shifts across timeframes, from 0.23 (5 years) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UC84.L vs. UC04.L — Risk / Return Rank
UC84.L
UC04.L
UC84.L vs. UC04.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg US Liquid Corporates UCITS ETF (USD) A-dis (UC84.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.
| UC84.L | UC04.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.50 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 3.74 | -2.43 |
| Martin ratioReturn relative to average drawdown | 3.20 | 13.07 | -9.87 |
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
| UC84.L | UC04.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 2.70 | -1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 1.01 | -0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 1.02 | -0.71 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.98 | -0.58 |
Drawdowns
UC84.L vs. UC04.L - Drawdown Comparison
The maximum UC84.L drawdown since its inception was -18.73%, smaller than the maximum UC04.L drawdown of -25.93%. Use the drawdown chart below to compare losses from any high point for UC84.L and UC04.L.
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Drawdown Indicators
| UC84.L | UC04.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.73% | -25.93% | +7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -4.83% | -7.67% | +2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -8.52% | -21.14% | +12.62% |
Max Drawdown (5Y)Largest decline over 5 years | -14.49% | -21.14% | +6.65% |
Max Drawdown (10Y)Largest decline over 10 years | -18.73% | -25.93% | +7.20% |
Current DrawdownCurrent decline from peak | -8.33% | -0.17% | -8.16% |
Average DrawdownAverage peak-to-trough decline | -8.19% | -3.46% | -4.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.20% | -0.22% |
Volatility
UC84.L vs. UC04.L - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg US Liquid Corporates UCITS ETF (USD) A-dis (UC84.L) is 1.50%, while UBS ETF (IE) MSCI USA UCITS ETF (USD) A-dis (UC04.L) has a volatility of 2.72%. This indicates that UC84.L experiences smaller price fluctuations and is considered to be less risky 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
| UC84.L | UC04.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 2.72% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 4.47% | 7.24% | -2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 10.63% | -4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.08% | 14.66% | -5.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.40% | 15.86% | -5.46% |
UC84.L vs. UC04.L - Expense Ratio Comparison
UC84.L has a 0.18% expense ratio, which is higher than UC04.L's 0.14% 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
UC84.L vs. UC04.L - Dividend Comparison
UC84.L's dividend yield for the trailing twelve months is around 5.52%, more than UC04.L's 0.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
UC84.L and UC04.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UC04.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UC04.L is cheaper with a 0.14% expense ratio, compared with 0.18% for UC84.L.
UC84.L is categorized as Corporate Bonds, while UC04.L is Large Cap Blend Equities. UC84.L tracks Bloomberg US Corp Bond TR USD, while UC04.L tracks Russell 1000 TR USD. Their fees differ too: 0.18% for UC84.L and 0.14% for UC04.L.
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