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UD02.L vs. UC44.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UD02.L vs. UC44.L

Last updated Jun 6, 2026

UD02.L (UBS ETF (LU) Factor MSCI EMU Low Volatility UCITS ETF (EUR) A-dis) and UC44.L (UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis) are both exchange-traded funds - UD02.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while UC44.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, UD02.L returned 7.42%/yr vs 12.88%/yr for UC44.L. A 0.69 correlation means they provide meaningful diversification when combined. UD02.L charges 0.28%/yr vs 0.22%/yr for UC44.L.

Performance

UD02.L vs. UC44.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) Factor MSCI EMU Low Volatility UCITS ETF (EUR) A-dis (UD02.L) and UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis (UC44.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UD02.L achieves a 4.73% return, which is significantly lower than UC44.L's 7.76% return. Over the past 10 years, UD02.L has underperformed UC44.L with an annualized return of 7.42%, while UC44.L has yielded a comparatively higher 12.88% annualized return.

UD02.L

1D
0.11%
1M
-1.94%
YTD
4.73%
6M
6.33%
1Y
8.75%
3Y*
9.99%
5Y*
6.36%
10Y*
7.42%

UC44.L

1D
-1.31%
1M
3.40%
YTD
7.76%
6M
7.47%
1Y
19.46%
3Y*
13.90%
5Y*
10.55%
10Y*
12.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UD02.L vs. UC44.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UD02.L
UBS ETF (LU) Factor MSCI EMU Low Volatility UCITS ETF (EUR) A-dis		4.73%22.44%0.56%9.91%-9.99%11.20%-2.65%16.38%-5.80%18.66%
UC44.L
UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis		7.76%5.87%18.31%22.09%-15.46%26.34%14.89%24.15%-2.54%12.60%

Correlation

The correlation between UD02.L and UC44.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.34

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

0.38

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

0.52

Correlation (10Y)
Calculated over the trailing 10-year period

0.67

Correlation (All Time)
Calculated using the full available price history since Aug 19, 2015

0.69

Over the past year, the correlation between UD02.L and UC44.L has dropped to 0.34 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

UD02.L vs. UC44.L - Sectors Allocation Comparison

Sectors
UD02.L
UC44.L

Financial Services

21.4%
16.1%

Utilities

19.2%
0.9%

Industrials

19.0%
12.0%

Consumer Defensive

16.2%
5.5%

Communication Services

10.8%
3.9%

Healthcare

3.6%
8.9%

Energy

3.3%
0.0%

Basic Materials

2.7%
3.0%

Real Estate

2.6%
2.5%

Consumer Cyclical

1.2%
10.9%

Technology

-

36.3%

Financial Services

UD02.L
21.4%
UC44.L
16.1%

Utilities

UD02.L
19.2%
UC44.L
0.9%

Industrials

UD02.L
19.0%
UC44.L
12.0%

Consumer Defensive

UD02.L
16.2%
UC44.L
5.5%

Communication Services

UD02.L
10.8%
UC44.L
3.9%

Healthcare

UD02.L
3.6%
UC44.L
8.9%

Energy

UD02.L
3.3%
UC44.L
0.0%

Basic Materials

UD02.L
2.7%
UC44.L
3.0%

Real Estate

UD02.L
2.6%
UC44.L
2.5%

Consumer Cyclical

UD02.L
1.2%
UC44.L
10.9%

Technology

UD02.L

-

UC44.L
36.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

UBS ETF (LU) Factor MSCI EMU Low Volatility UCITS ETF (EUR) A-dis

UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis

Often compared with UD02.L:
UD02.L vs. FEUZ.LUD02.L vs. VLEU.DEUD02.L vs. SX5S.LUD02.L vs. EEIP.LUD02.L vs. CEUR.LUD02.L vs. PRUK.LUD02.L vs. IMV.L
Often compared with UC44.L:
UC44.L vs. SRIW.LUC44.L vs. V3AB.LUC44.L vs. VWRP.LUC44.L vs. ^GSPCUC44.L vs. SEMC.LUC44.L vs. UB20.LUC44.L vs. UBTL.L

Return for Risk

UD02.L vs. UC44.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UD02.L
UD02.L Risk / Return Rank: 2323
Overall Rank
UD02.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
UD02.L Sortino Ratio Rank: 2323
Sortino Ratio Rank
UD02.L Omega Ratio Rank: 2525
Omega Ratio Rank
UD02.L Calmar Ratio Rank: 2121
Calmar Ratio Rank
UD02.L Martin Ratio Rank: 2323
Martin Ratio Rank
UC44.L
UC44.L Risk / Return Rank: 5151
Overall Rank
UC44.L Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
UC44.L Sortino Ratio Rank: 5555
Sortino Ratio Rank
UC44.L Omega Ratio Rank: 5454
Omega Ratio Rank
UC44.L Calmar Ratio Rank: 4545
Calmar Ratio Rank
UC44.L Martin Ratio Rank: 4747
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.

UD02.L vs. UC44.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Factor MSCI EMU Low Volatility UCITS ETF (EUR) A-dis (UD02.L) and UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis (UC44.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.

UD02.LUC44.LDifference
Sharpe ratioReturn per unit of total volatility
0.84
1.67

-0.83

Sortino ratioReturn per unit of downside risk
1.14
2.38

-1.24

Omega ratioGain probability vs. loss probability

1.16

1.31

-0.15

Calmar ratioReturn relative to maximum drawdown

0.88

2.02

-1.13

Martin ratioReturn relative to average drawdown

2.70

7.17

-4.47

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

UD02.L vs. UC44.L - Sharpe Ratio Comparison

The current UD02.L Sharpe Ratio is 0.84, which is lower than the UC44.L Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of UD02.L and UC44.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

UD02.LUC44.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.84

1.67

-0.83

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

0.73

-0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

0.86

-0.33

Sharpe Ratio (All Time)

Calculated using the full available price history

0.26

0.43

-0.17

Drawdowns

UD02.L vs. UC44.L - Drawdown Comparison

The maximum UD02.L drawdown since its inception was -33.25%, smaller than the maximum UC44.L drawdown of -52.68%. Use the drawdown chart below to compare losses from any high point for UD02.L and UC44.L.

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Drawdown Indicators

UD02.LUC44.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.25%

-52.68%

+19.43%

Max Drawdown (1Y)

Largest decline over 1 year

-9.54%

-9.61%

+0.07%

Max Drawdown (3Y)

Largest decline over 3 years

-9.54%

-20.15%

+10.61%

Max Drawdown (5Y)

Largest decline over 5 years

-21.37%

-22.39%

+1.02%

Max Drawdown (10Y)

Largest decline over 10 years

-29.80%

-24.11%

-5.69%

Current Drawdown

Current decline from peak

-5.88%

-1.31%

-4.57%

Average Drawdown

Average peak-to-trough decline

-7.25%

-8.75%

+1.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.12%

2.71%

+0.41%

Volatility

UD02.L vs. UC44.L - Volatility Comparison

UBS ETF (LU) Factor MSCI EMU Low Volatility UCITS ETF (EUR) A-dis (UD02.L) and UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis (UC44.L) have volatilities of 3.07% and 3.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UD02.LUC44.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.07%

3.03%

+0.04%

Volatility (6M)

Calculated over the trailing 6-month period

8.34%

8.83%

-0.49%

Volatility (1Y)

Calculated over the trailing 1-year period

10.02%

11.58%

-1.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.44%

14.44%

-2.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.86%

14.91%

-1.05%

UD02.L vs. UC44.L - Expense Ratio Comparison

UD02.L has a 0.28% expense ratio, which is higher than UC44.L's 0.22% expense ratio.

Dividends

UD02.L vs. UC44.L - Dividend Comparison

UD02.L's dividend yield for the trailing twelve months is around 2.35%, more than UC44.L's 0.87% yield.

PositionTTM20252024202320222021202020192018201720162015
UC44.L
UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis		0.87%1.01%1.05%1.13%1.33%1.01%1.23%1.70%1.88%1.91%1.81%1.78%
UD02.L
UBS ETF (LU) Factor MSCI EMU Low Volatility UCITS ETF (EUR) A-dis		2.35%3.03%4.76%2.56%2.38%2.25%2.16%2.80%2.65%1.92%2.37%0.00%

Frequently Asked Questions

UD02.L and UC44.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, UC44.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UC44.L is cheaper with a 0.22% expense ratio, compared with 0.28% for UD02.L.

UD02.L is categorized as Europe Equities, while UC44.L is Global Equities. UD02.L tracks MSCI EMU NR EUR, while UC44.L tracks MSCI ACWI NR USD. Their fees differ too: 0.28% for UD02.L and 0.22% for UC44.L.

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