UD03.L vs. EGRW.L

Last updated Jun 4, 2026

UD03.L (UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis) and EGRW.L (WisdomTree Eurozone Quality Dividend Growth UCITS ETF - EUR) are both Europe Equities funds tracking the MSCI EMU NR EUR, from UBS and WisdomTree respectively. Both are passively managed. Over the past 5 years, UD03.L returned 10.66%/yr vs 4.14%/yr for EGRW.L. At a 0.22 correlation, their price movements are largely independent. UD03.L charges 0.28%/yr vs 0.29%/yr for EGRW.L.

Performance

UD03.L vs. EGRW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (UD03.L) and WisdomTree Eurozone Quality Dividend Growth UCITS ETF - EUR (EGRW.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

UD03.L is traded in GBp, while EGRW.L is traded in EUR. To make them comparable, the EGRW.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, UD03.L achieves a 11.99% return, which is significantly higher than EGRW.L's 5.25% return.

UD03.L

• 1D: -0.34%
• 1M: 3.74%
• YTD: 11.99%
• 6M: 14.95%
• 1Y: 23.84%
• 3Y*: 14.71%
• 5Y*: 10.66%
• 10Y*: —

EGRW.L

• 1D: -0.76%
• 1M: 5.80%
• YTD: 5.25%
• 6M: 7.69%
• 1Y: 13.60%
• 3Y*: 7.07%
• 5Y*: 4.14%
• 10Y*: —

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

UD03.L vs. EGRW.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UD03.L UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis	11.99%	25.20%	0.78%	19.24%	-4.62%	10.81%	5.72%	0.00%
EGRW.L WisdomTree Eurozone Quality Dividend Growth UCITS ETF - EUR	5.25%	18.91%	-6.80%	18.08%	-15.26%	15.24%	13.07%	2.03%

Correlation

The correlation between UD03.L and EGRW.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since Dec 23, 2019	0.22

Over the past year, UD03.L and EGRW.L have become more correlated (0.49) than their long-term average of 0.22, meaning their price movements have been converging.

UD03.L vs. EGRW.L - Sectors Allocation Comparison

Sectors	UD03.L	EGRW.L
Financial Services	28.5%	17.0%
Technology	16.2%	9.6%
Consumer Defensive	14.6%	0.9%
Industrials	12.1%	24.4%
Utilities	7.7%	0.2%
Consumer Cyclical	7.0%	23.1%
Basic Materials	4.2%	2.7%
Healthcare	4.1%	2.9%
Communication Services	3.1%	9.3%
Energy	2.7%	1.2%
Real Estate	-	0.3%

Return for Risk

UD03.L vs. EGRW.L — Risk / Return Rank

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

UD03.L

UD03.L Risk / Return Rank: 90
UD03.L Sharpe Ratio Rank: 93
UD03.L Sortino Ratio Rank: 92
UD03.L Omega Ratio Rank: 91
UD03.L Calmar Ratio Rank: 90
UD03.L Martin Ratio Rank: 81

EGRW.L

EGRW.L Risk / Return Rank: 22
EGRW.L Sharpe Ratio Rank: 21
EGRW.L Sortino Ratio Rank: 22
EGRW.L Omega Ratio Rank: 21
EGRW.L Calmar Ratio Rank: 22
EGRW.L Martin Ratio Rank: 24

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.

UD03.L vs. EGRW.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (UD03.L) and WisdomTree Eurozone Quality Dividend Growth UCITS ETF - EUR (EGRW.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.

	UD03.L	EGRW.L	Difference
Sharpe ratio: Return per unit of total volatility	3.44	0.87	+2.57
Sortino ratio: Return per unit of downside risk	4.42	1.37	+3.05
Omega ratio: Gain probability vs. loss probability	1.61	1.17	+0.44
Calmar ratio: Return relative to maximum drawdown	5.67	1.17	+4.50
Martin ratio: Return relative to average drawdown	16.11	3.78	+12.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UD03.L vs. EGRW.L - Sharpe Ratio Comparison

The current UD03.L Sharpe Ratio is 3.44, which is higher than the EGRW.L Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of UD03.L and EGRW.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.

Sharpe Ratios by Period

	UD03.L	EGRW.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.44	0.87	+2.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.74	0.33	+1.42
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	0.59	+0.60

Drawdowns

UD03.L vs. EGRW.L - Drawdown Comparison

The maximum UD03.L drawdown since its inception was -30.85%, which is greater than EGRW.L's maximum drawdown of -27.45%. Use the drawdown chart below to compare losses from any high point for UD03.L and EGRW.L.

Drawdown Indicators

	UD03.L	EGRW.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.85%	-27.45%	-3.40%
Max Drawdown (1Y) Largest decline over 1 year	-9.80%	-12.17%	+2.37%
Max Drawdown (3Y) Largest decline over 3 years	-11.72%	-14.93%	+3.21%
Max Drawdown (5Y) Largest decline over 5 years	-18.67%	-27.45%	+8.78%
Current Drawdown Current decline from peak	-1.45%	-0.76%	-0.69%
Average Drawdown Average peak-to-trough decline	-3.32%	-5.86%	+2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	3.69%	-0.13%

Volatility

UD03.L vs. EGRW.L - Volatility Comparison

The current volatility for UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis (UD03.L) is 3.69%, while WisdomTree Eurozone Quality Dividend Growth UCITS ETF - EUR (EGRW.L) has a volatility of 5.42%. This indicates that UD03.L experiences smaller price fluctuations and is considered to be less risky than EGRW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UD03.L	EGRW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.69%	5.42%	-1.73%
Volatility (6M) Calculated over the trailing 6-month period	—	13.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.20%	16.41%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.51%	20.72%	+6.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.36%	24.07%	+23.29%

UD03.L vs. EGRW.L - Expense Ratio Comparison

UD03.L has a 0.28% expense ratio, which is lower than EGRW.L's 0.29% expense ratio.

Dividends

UD03.L vs. EGRW.L - Dividend Comparison

UD03.L's dividend yield for the trailing twelve months is around 2.55%, more than EGRW.L's 2.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EGRW.L WisdomTree Eurozone Quality Dividend Growth UCITS ETF - EUR	2.09%	2.15%	2.28%	2.00%	2.30%	1.72%	1.04%	1.61%	1.94%	1.37%
UD03.L UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-dis	2.55%	2.97%	2.84%	3.67%	3.96%	3.50%	2.07%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UD03.L and EGRW.L in my portfolio?

UD03.L and EGRW.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UD03.L or EGRW.L?

On fees, UD03.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UD03.L or EGRW.L?

UD03.L is cheaper with a 0.28% expense ratio, compared with 0.29% for EGRW.L.

What is the main difference between UD03.L and EGRW.L?

Both ETFs track MSCI EMU NR EUR. They also come from different issuers: UBS and WisdomTree. Their fees differ too: 0.28% for UD03.L and 0.29% for EGRW.L.