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UC99.L vs. MVEA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UC99.L vs. MVEA.L

Last updated Jun 5, 2026

UC99.L (UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis) and MVEA.L (iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from UBS and iShares respectively. Both are passively managed. Over the past 5 years, UC99.L returned 13.98%/yr vs 7.01%/yr for MVEA.L. A 0.74 correlation means they provide meaningful diversification when combined. UC99.L charges 0.25%/yr vs 0.20%/yr for MVEA.L.

Performance

UC99.L vs. MVEA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UC99.L) and iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

UC99.L is traded in GBp, while MVEA.L is traded in GBP. To make them comparable, the MVEA.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, UC99.L achieves a 10.42% return, which is significantly higher than MVEA.L's 1.73% return.

UC99.L

1D
0.63%
1M
5.54%
YTD
10.42%
6M
10.00%
1Y
29.38%
3Y*
17.61%
5Y*
13.98%
10Y*
16.19%

MVEA.L

1D
0.03%
1M
3.29%
YTD
1.73%
6M
1.21%
1Y
4.08%
3Y*
6.81%
5Y*
7.01%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

UC99.L vs. MVEA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
UC99.L
UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis		10.42%8.68%22.60%27.58%-15.03%28.64%5.31%
MVEA.L
iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF		1.73%-2.72%14.94%6.35%-1.55%26.04%0.75%

Correlation

The correlation between UC99.L and MVEA.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

Correlation (3Y)
Calculated over the trailing 3-year period

0.60

Correlation (5Y)
Calculated over the trailing 5-year period

0.71

Correlation (All Time)
Calculated using the full available price history since Jul 20, 2020

0.74

Over the past year, the correlation between UC99.L and MVEA.L has dropped to 0.45 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

UC99.L vs. MVEA.L - Sectors Allocation Comparison

Sectors
UC99.L
MVEA.L

Technology

54.7%
30.2%

Industrials

13.3%
5.7%

Healthcare

10.9%
15.0%

Communication Services

7.9%
6.2%

Financial Services

7.3%
12.7%

Consumer Cyclical

2.9%
6.6%

Consumer Defensive

2.8%
9.3%

Utilities

0.1%
4.7%

Basic Materials

0.0%
3.2%

Energy

-

3.4%

Real Estate

-

3.1%

Technology

UC99.L
54.7%
MVEA.L
30.2%

Industrials

UC99.L
13.3%
MVEA.L
5.7%

Healthcare

UC99.L
10.9%
MVEA.L
15.0%

Communication Services

UC99.L
7.9%
MVEA.L
6.2%

Financial Services

UC99.L
7.3%
MVEA.L
12.7%

Consumer Cyclical

UC99.L
2.9%
MVEA.L
6.6%

Consumer Defensive

UC99.L
2.8%
MVEA.L
9.3%

Utilities

UC99.L
0.1%
MVEA.L
4.7%

Basic Materials

UC99.L
0.0%
MVEA.L
3.2%

Energy

UC99.L

-

MVEA.L
3.4%

Real Estate

UC99.L

-

MVEA.L
3.1%

Compare stocks, funds, or ETFs

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UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis

iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF

Often compared with UC99.L:
UC99.L vs. SPYUC99.L vs. EQQQ.LUC99.L vs. IUSA.LUC99.L vs. RSPTUC99.L vs. VWRP.LUC99.L vs. S5SD.LUC99.L vs. HMWO.L
Often compared with MVEA.L:
MVEA.L vs. MVUS.LMVEA.L vs. MINV.LMVEA.L vs. XDEQ.LMVEA.L vs. FLXU.LMVEA.L vs. MXUD.LMVEA.L vs. XMUS.LMVEA.L vs. XZMD.L

Return for Risk

UC99.L vs. MVEA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UC99.L
UC99.L Risk / Return Rank: 7070
Overall Rank
UC99.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
UC99.L Sortino Ratio Rank: 7676
Sortino Ratio Rank
UC99.L Omega Ratio Rank: 7474
Omega Ratio Rank
UC99.L Calmar Ratio Rank: 6363
Calmar Ratio Rank
UC99.L Martin Ratio Rank: 6262
Martin Ratio Rank
MVEA.L
MVEA.L Risk / Return Rank: 1616
Overall Rank
MVEA.L Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
MVEA.L Sortino Ratio Rank: 1515
Sortino Ratio Rank
MVEA.L Omega Ratio Rank: 1515
Omega Ratio Rank
MVEA.L Calmar Ratio Rank: 1717
Calmar Ratio Rank
MVEA.L Martin Ratio Rank: 1717
Martin Ratio Rank
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.

UC99.L vs. MVEA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UC99.L) and iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.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.

UC99.LMVEA.LDifference
Sharpe ratioReturn per unit of total volatility
2.41
0.42

+1.99

Sortino ratioReturn per unit of downside risk
3.35
0.65

+2.70

Omega ratioGain probability vs. loss probability

1.43

1.08

+0.36

Calmar ratioReturn relative to maximum drawdown

3.10

0.66

+2.44

Martin ratioReturn relative to average drawdown

11.14

1.64

+9.50

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UC99.L vs. MVEA.L - Sharpe Ratio Comparison

The current UC99.L Sharpe Ratio is 2.41, which is higher than the MVEA.L Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of UC99.L and MVEA.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.

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Sharpe Ratios by Period

UC99.LMVEA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.41

0.42

+1.99

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.87

0.60

+0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.98

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.00

0.62

+0.38

Drawdowns

UC99.L vs. MVEA.L - Drawdown Comparison

The maximum UC99.L drawdown since its inception was -23.20%, which is greater than MVEA.L's maximum drawdown of -14.36%. Use the drawdown chart below to compare losses from any high point for UC99.L and MVEA.L.

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Drawdown Indicators

UC99.LMVEA.LDifference

Max Drawdown

Largest peak-to-trough decline

-23.20%

-14.36%

-8.84%

Max Drawdown (1Y)

Largest decline over 1 year

-9.47%

-5.43%

-4.04%

Max Drawdown (3Y)

Largest decline over 3 years

-23.20%

-14.36%

-8.84%

Max Drawdown (5Y)

Largest decline over 5 years

-23.20%

-14.36%

-8.84%

Max Drawdown (10Y)

Largest decline over 10 years

-23.20%

—

—

Current Drawdown

Current decline from peak

0.00%

-6.95%

+6.95%

Average Drawdown

Average peak-to-trough decline

-4.24%

-4.43%

+0.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.64%

2.19%

+0.45%

Volatility

UC99.L vs. MVEA.L - Volatility Comparison

UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UC99.L) has a higher volatility of 3.33% compared to iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.L) at 2.87%. This indicates that UC99.L's price experiences larger fluctuations and is considered to be riskier than MVEA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UC99.LMVEA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.33%

2.87%

+0.46%

Volatility (6M)

Calculated over the trailing 6-month period

8.62%

6.11%

+2.51%

Volatility (1Y)

Calculated over the trailing 1-year period

12.19%

8.60%

+3.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.02%

11.61%

+4.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.54%

11.94%

+4.60%

UC99.L vs. MVEA.L - Expense Ratio Comparison

UC99.L has a 0.25% expense ratio, which is higher than MVEA.L's 0.20% 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

UC99.L vs. MVEA.L - Dividend Comparison

Neither UC99.L nor MVEA.L has paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
MVEA.L
iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
UC99.L
UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis		0.00%0.00%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%

Frequently Asked Questions

UC99.L and MVEA.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, MVEA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MVEA.L is cheaper with a 0.20% expense ratio, compared with 0.25% for UC99.L.

Both ETFs track Russell 1000 TR USD. They also come from different issuers: UBS and iShares. Their fees differ too: 0.25% for UC99.L and 0.20% for MVEA.L.

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