UC96.L vs. IESU.L
UC96.L (UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis) and IESU.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) are both exchange-traded funds - UC96.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD, while IESU.L is a Energy Equities fund tracking the S&P 500 Capped 35/20 Energy Index NTR. Both are passively managed. Over the past 10 years, UC96.L returned 11.23%/yr vs 8.50%/yr for IESU.L. A 0.55 correlation means they provide meaningful diversification when combined. UC96.L charges 0.25%/yr vs 0.15%/yr for IESU.L.
Performance
UC96.L vs. IESU.L - Performance Comparison
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Returns By Period
In the year-to-date period, UC96.L achieves a 7.45% return, which is significantly lower than IESU.L's 28.61% return. Over the past 10 years, UC96.L has outperformed IESU.L with an annualized return of 11.23%, while IESU.L has yielded a comparatively lower 8.50% annualized return.
UC96.L
- 1D
- 0.21%
- 1M
- -1.53%
- 6M
- 4.08%
- YTD
- 7.45%
- 1Y
- 16.72%
- 3Y*
- 10.32%
- 5Y*
- 9.14%
- 10Y*
- 11.23%
IESU.L
- 1D
- 1.07%
- 1M
- 4.80%
- 6M
- 20.56%
- YTD
- 28.61%
- 1Y
- 35.99%
- 3Y*
- 13.44%
- 5Y*
- 22.82%
- 10Y*
- 8.50%
UC96.L vs. IESU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UC96.L UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis | 7.45% | 4.85% | 9.71% | 9.45% | 3.22% | 31.64% | 3.36% | 21.68% | -0.82% | 9.73% |
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 28.61% | 2.26% | 5.45% | -5.96% | 83.53% | 53.82% | -35.62% | 5.37% | -13.39% | -10.01% |
Correlation
The correlation between UC96.L and IESU.L is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.55 |
Over the past year, the correlation between UC96.L and IESU.L has dropped to 0.06 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
UC96.L vs. IESU.L — Risk / Return Rank
UC96.L
IESU.L
UC96.L vs. IESU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.L) and iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UC96.L | IESU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.26 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 2.07 | +0.36 |
| Martin ratioReturn relative to average drawdown | 7.81 | 5.01 | +2.80 |
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Drawdowns
UC96.L vs. IESU.L - Drawdown Comparison
The maximum UC96.L drawdown since its inception was -26.78%, smaller than the maximum IESU.L drawdown of -63.88%. Use the drawdown chart below to compare losses from any high point for UC96.L and IESU.L.
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Drawdown Indicators
| UC96.L | IESU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.78% | -63.88% | +37.10% |
Max Drawdown (1Y)Largest decline over 1 year | -6.87% | -17.34% | +10.47% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -26.36% | +7.46% |
Max Drawdown (5Y)Largest decline over 5 years | -18.90% | -26.36% | +7.46% |
Max Drawdown (10Y)Largest decline over 10 years | -26.78% | -62.16% | +35.38% |
Current DrawdownCurrent decline from peak | -3.26% | -10.65% | +7.39% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -20.50% | +16.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 7.16% | -5.02% |
Volatility
UC96.L vs. IESU.L - Volatility Comparison
The current volatility for UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis (UC96.L) is 3.52%, while iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.L) has a volatility of 7.50%. This indicates that UC96.L experiences smaller price fluctuations and is considered to be less risky than IESU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UC96.L | IESU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 7.50% | -3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 7.91% | 21.74% | -13.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.69% | 24.54% | -13.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.04% | 29.08% | -15.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 29.16% | -13.45% |
UC96.L vs. IESU.L - Expense Ratio Comparison
UC96.L has a 0.25% expense ratio, which is higher than IESU.L'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
UC96.L vs. IESU.L - Dividend Comparison
UC96.L's dividend yield for the trailing twelve months is around 1.15%, while IESU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UC96.L UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-dis | 1.15% | 1.21% | 0.69% | 1.53% | 1.53% | 1.62% | 1.84% | 1.39% | 1.86% | 1.58% | 1.34% |
Frequently Asked Questions
UC96.L and IESU.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IESU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IESU.L is cheaper with a 0.15% expense ratio, compared with 0.25% for UC96.L.
UC96.L is categorized as Large Cap Value Equities, while IESU.L is Energy Equities. UC96.L tracks Russell 1000 Value TR USD, while IESU.L tracks S&P 500 Capped 35/20 Energy Index NTR. They also come from different issuers: UBS and iShares. Their fees differ too: 0.25% for UC96.L and 0.15% for IESU.L.
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