UCLU.DE vs. 6PSE.DE
UCLU.DE (Invesco USD AAA CLO UCITS ETF Dist) and 6PSE.DE (Invesco MSCI USA UCITS ETF Dist) are both exchange-traded funds - UCLU.DE is a CLO fund actively managed by Invesco, while 6PSE.DE is a Large Cap Blend Equities fund tracking the MSCI USA. UCLU.DE is actively managed, while 6PSE.DE is passively managed. Over the past year, UCLU.DE returned 2.66% vs 25.21% for 6PSE.DE. At a 0.25 correlation, their price movements are largely independent. UCLU.DE charges 0.25%/yr vs 0.05%/yr for 6PSE.DE.
Performance
UCLU.DE vs. 6PSE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UCLU.DE achieves a 3.20% return, which is significantly lower than 6PSE.DE's 11.33% return.
UCLU.DE
- 1D
- -0.12%
- 1M
- 1.12%
- YTD
- 3.20%
- 6M
- 2.44%
- 1Y
- 2.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
6PSE.DE
- 1D
- -0.18%
- 1M
- 5.37%
- YTD
- 11.33%
- 6M
- 11.30%
- 1Y
- 25.21%
- 3Y*
- 19.18%
- 5Y*
- —
- 10Y*
- —
UCLU.DE vs. 6PSE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UCLU.DE Invesco USD AAA CLO UCITS ETF Dist | 3.20% | -8.06% |
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 11.33% | 1.39% |
Correlation
The correlation between UCLU.DE and 6PSE.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | 0.25 |
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Return for Risk
UCLU.DE vs. 6PSE.DE — Risk / Return Rank
UCLU.DE
6PSE.DE
UCLU.DE vs. 6PSE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco USD AAA CLO UCITS ETF Dist (UCLU.DE) and Invesco MSCI USA UCITS ETF Dist (6PSE.DE). 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.
| UCLU.DE | 6PSE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.40 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 3.44 | -2.62 |
| Martin ratioReturn relative to average drawdown | 1.69 | 11.99 | -10.30 |
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
| UCLU.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 2.15 | -1.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.56 | 0.93 | -1.49 |
Drawdowns
UCLU.DE vs. 6PSE.DE - Drawdown Comparison
The maximum UCLU.DE drawdown since its inception was -10.54%, smaller than the maximum 6PSE.DE drawdown of -23.70%. Use the drawdown chart below to compare losses from any high point for UCLU.DE and 6PSE.DE.
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Drawdown Indicators
| UCLU.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.54% | -23.70% | +13.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.25% | -7.31% | +4.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.70% | — |
Current DrawdownCurrent decline from peak | -5.54% | -0.41% | -5.13% |
Average DrawdownAverage peak-to-trough decline | -7.33% | -4.83% | -2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 2.10% | -0.53% |
Volatility
UCLU.DE vs. 6PSE.DE - Volatility Comparison
The current volatility for Invesco USD AAA CLO UCITS ETF Dist (UCLU.DE) is 1.47%, while Invesco MSCI USA UCITS ETF Dist (6PSE.DE) has a volatility of 2.73%. This indicates that UCLU.DE experiences smaller price fluctuations and is considered to be less risky than 6PSE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCLU.DE | 6PSE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 2.73% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 4.26% | 7.68% | -3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.06% | 11.65% | -5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.10% | 15.41% | -8.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 15.41% | -8.31% |
UCLU.DE vs. 6PSE.DE - Expense Ratio Comparison
UCLU.DE has a 0.25% expense ratio, which is higher than 6PSE.DE's 0.05% 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
UCLU.DE vs. 6PSE.DE - Dividend Comparison
UCLU.DE's dividend yield for the trailing twelve months is around 4.50%, more than 6PSE.DE's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
6PSE.DE Invesco MSCI USA UCITS ETF Dist | 1.05% | 1.16% | 1.26% | 1.51% | 1.69% |
UCLU.DE Invesco USD AAA CLO UCITS ETF Dist | 4.50% | 3.52% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UCLU.DE and 6PSE.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 6PSE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
6PSE.DE is cheaper with a 0.05% expense ratio, compared with 0.25% for UCLU.DE.
UCLU.DE is categorized as CLO, while 6PSE.DE is Large Cap Blend Equities. Their fees differ too: 0.25% for UCLU.DE and 0.05% for 6PSE.DE.
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