UC98.L vs. UC07.L

Last updated Jun 25, 2026

UC98.L (UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis) and UC07.L (UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis) are both exchange-traded funds - UC98.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while UC07.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD. Both are passively managed. Over the past 10 years, UC98.L returned 2.30%/yr vs 10.84%/yr for UC07.L. At a 0.31 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

UC98.L vs. UC07.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-dis (UC98.L) and UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis (UC07.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UC98.L achieves a 2.66% return, which is significantly lower than UC07.L's 11.97% return. Over the past 10 years, UC98.L has underperformed UC07.L with an annualized return of 2.30%, while UC07.L has yielded a comparatively higher 10.84% annualized 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%

UC07.L

• 1D: 0.63%
• 1M: 2.19%
• YTD: 11.97%
• 6M: 12.48%
• 1Y: 23.28%
• 3Y*: 14.35%
• 5Y*: 10.58%
• 10Y*: 10.84%

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

UC98.L vs. UC07.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%	2.31%	-4.16%
UC07.L UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis	11.97%	5.98%	15.41%	3.09%	4.71%	28.76%	-3.62%	20.51%	-3.14%	4.81%

Correlation

The correlation between UC98.L and UC07.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jul 23, 2015	0.31

The correlation between UC98.L and UC07.L shifts across timeframes, from 0.26 (5 years) to 0.39 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

UC98.L vs. UC07.L — Risk / Return Rank

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

UC98.L

UC98.L Risk / Return Rank: 41
UC98.L Sharpe Ratio Rank: 44
UC98.L Sortino Ratio Rank: 48
UC98.L Omega Ratio Rank: 43
UC98.L Calmar Ratio Rank: 38
UC98.L Martin Ratio Rank: 31

UC07.L

UC07.L Risk / Return Rank: 87
UC07.L Sharpe Ratio Rank: 89
UC07.L Sortino Ratio Rank: 89
UC07.L Omega Ratio Rank: 87
UC07.L Calmar Ratio Rank: 86
UC07.L Martin Ratio Rank: 86

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.

UC98.L vs. UC07.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 ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis (UC07.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	UC07.L	Difference
Sharpe ratio: Return per unit of total volatility	1.37	2.62	-1.25
Sortino ratio: Return per unit of downside risk	2.11	3.55	-1.44
Omega ratio: Gain probability vs. loss probability	1.25	1.47	-0.22
Calmar ratio: Return relative to maximum drawdown	1.69	4.27	-2.58
Martin ratio: Return relative to average drawdown	4.05	15.88	-11.83

UC98.L vs. UC07.L - Sharpe Ratio Comparison

The current UC98.L Sharpe Ratio is 1.37, which is lower than the UC07.L Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of UC98.L and UC07.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UC98.L vs. UC07.L - Drawdown Comparison

The maximum UC98.L drawdown since its inception was -36.07%, smaller than the maximum UC07.L drawdown of -38.99%. Use the drawdown chart below to compare losses from any high point for UC98.L and UC07.L.

Drawdown Indicators

	UC98.L	UC07.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.07%	-38.99%	+2.92%
Max Drawdown (1Y) Largest decline over 1 year	-4.86%	-5.43%	+0.57%
Max Drawdown (3Y) Largest decline over 3 years	-8.30%	-16.76%	+8.46%
Max Drawdown (5Y) Largest decline over 5 years	-14.17%	-16.76%	+2.59%
Max Drawdown (10Y) Largest decline over 10 years	-19.62%	-28.73%	+9.11%
Current Drawdown Current decline from peak	-7.60%	0.00%	-7.60%
Average Drawdown Average peak-to-trough decline	-14.43%	-7.20%	-7.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	1.46%	+0.57%

Volatility

UC98.L vs. UC07.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 ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis (UC07.L) has a volatility of 2.18%. This indicates that UC98.L experiences smaller price fluctuations and is considered to be less risky than UC07.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UC98.L	UC07.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.65%	2.18%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	4.48%	6.25%	-1.77%
Volatility (1Y) Calculated over the trailing 1-year period	6.03%	8.85%	-2.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.95%	12.52%	-3.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.91%	14.70%	-4.79%

UC98.L vs. UC07.L - Expense Ratio Comparison

Both UC98.L and UC07.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

UC98.L vs. UC07.L - Dividend Comparison

UC98.L's dividend yield for the trailing twelve months is around 4.36%, more than UC07.L's 1.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UC07.L UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis	1.37%	2.05%	1.79%	2.05%	1.81%	1.59%	2.41%	2.08%	2.49%	2.01%	2.18%	2.25%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UC98.L and UC07.L in my portfolio?

UC98.L and UC07.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UC98.L or UC07.L?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UC98.L or UC07.L?

UC98.L and UC07.L have the same expense ratio: 0.20% per year.

What is the main difference between UC98.L and UC07.L?

UC98.L is categorized as Corporate Bonds, while UC07.L is Large Cap Value Equities. UC98.L tracks Bloomberg US Corp Bond TR USD, while UC07.L tracks Russell 1000 Value TR USD.