UC98.L vs. EUFM.L
UC98.L (UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis) and EUFM.L (UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc) are both exchange-traded funds - UC98.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while EUFM.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, UC98.L returned 1.03%/yr vs 9.84%/yr for EUFM.L. At a 0.09 correlation, their price movements are largely independent. UC98.L charges 0.20%/yr vs 0.34%/yr for EUFM.L.
Performance
UC98.L vs. EUFM.L - Performance Comparison
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Returns By Period
In the year-to-date period, UC98.L achieves a 2.66% return, which is significantly lower than EUFM.L's 8.36% return.
UC98.L
- 1D
- 0.62%
- 1M
- 3.34%
- YTD
- 2.66%
- 6M
- 3.49%
- 1Y
- 8.23%
- 3Y*
- 3.76%
- 5Y*
- 1.03%
- 10Y*
- 2.30%
EUFM.L
- 1D
- -0.36%
- 1M
- 1.78%
- YTD
- 8.36%
- 6M
- 9.00%
- 1Y
- 18.91%
- 3Y*
- 16.34%
- 5Y*
- 9.84%
- 10Y*
- —
UC98.L vs. EUFM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UC98.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis | 2.66% | 0.33% | 3.62% | 2.43% | -7.46% | -1.33% | 6.37% | 12.84% | 4.68% |
EUFM.L UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc | 8.36% | 29.59% | 3.25% | 15.45% | -7.82% | 13.50% | 5.84% | 19.11% | -20.89% |
Correlation
The correlation between UC98.L and EUFM.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2018 | 0.09 |
The correlation between UC98.L and EUFM.L shifts across timeframes, from -0.00 (5 years) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UC98.L vs. EUFM.L — Risk / Return Rank
UC98.L
EUFM.L
UC98.L vs. EUFM.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis (UC98.L) and UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.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.
| UC98.L | EUFM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.30 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.78 | -0.09 |
| Martin ratioReturn relative to average drawdown | 4.05 | 6.41 | -2.36 |
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Drawdowns
UC98.L vs. EUFM.L - Drawdown Comparison
The maximum UC98.L drawdown since its inception was -36.07%, roughly equal to the maximum EUFM.L drawdown of -34.44%. Use the drawdown chart below to compare losses from any high point for UC98.L and EUFM.L.
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Drawdown Indicators
| UC98.L | EUFM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.07% | -34.44% | -1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.86% | -10.59% | +5.73% |
Max Drawdown (3Y)Largest decline over 3 years | -8.30% | -14.91% | +6.61% |
Max Drawdown (5Y)Largest decline over 5 years | -14.17% | -20.86% | +6.69% |
Max Drawdown (10Y)Largest decline over 10 years | -19.62% | — | — |
Current DrawdownCurrent decline from peak | -7.60% | -1.26% | -6.34% |
Average DrawdownAverage peak-to-trough decline | -14.43% | -8.06% | -6.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.94% | -0.91% |
Volatility
UC98.L vs. EUFM.L - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis (UC98.L) is 1.65%, while UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L) has a volatility of 2.61%. This indicates that UC98.L experiences smaller price fluctuations and is considered to be less risky than EUFM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UC98.L | EUFM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 2.61% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 4.48% | 10.41% | -5.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.03% | 12.29% | -6.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.95% | 18.06% | -9.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.91% | 18.41% | -8.50% |
UC98.L vs. EUFM.L - Expense Ratio Comparison
UC98.L has a 0.20% expense ratio, which is lower than EUFM.L's 0.34% expense ratio.
Dividends
UC98.L vs. EUFM.L - Dividend Comparison
UC98.L's dividend yield for the trailing twelve months is around 4.36%, while EUFM.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EUFM.L UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UC98.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis | 4.36% | 5.96% | 4.81% | 3.91% | 2.35% | 2.01% | 2.72% | 3.27% | 2.04% | 1.74% |
Frequently Asked Questions
UC98.L and EUFM.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UC98.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UC98.L is cheaper with a 0.20% expense ratio, compared with 0.34% for EUFM.L.
UC98.L is categorized as Corporate Bonds, while EUFM.L is Europe Equities. UC98.L tracks Bloomberg US Corp Bond TR USD, while EUFM.L tracks MSCI EMU NR EUR. Their fees differ too: 0.20% for UC98.L and 0.34% for EUFM.L.
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