UQLT.L vs. USFM.L

Last updated Jul 18, 2026

UQLT.L (UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist)) and USFM.L (UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis) are both Large Cap Blend Equities funds from UBS - UQLT.L tracks the MSCI USA Quality Advanced Target Select 100% Hedged to GBP Index while USFM.L tracks the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, UQLT.L returned 11.21%/yr vs 11.53%/yr for USFM.L. A 0.70 correlation means they provide meaningful diversification when combined. UQLT.L charges 0.28%/yr vs 0.25%/yr for USFM.L.

Performance

UQLT.L vs. USFM.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) (UQLT.L) and UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis (USFM.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UQLT.L achieves a 10.15% return, which is significantly lower than USFM.L's 14.56% return.

UQLT.L

• 1D: -0.84%
• 1M: 0.58%
• 6M: 8.77%
• YTD: 10.15%
• 1Y: 23.33%
• 3Y*: 18.68%
• 5Y*: 11.21%
• 10Y*: 14.42%

USFM.L

• 1D: -0.08%
• 1M: 0.29%
• 6M: 10.82%
• YTD: 14.56%
• 1Y: 23.03%
• 3Y*: 17.01%
• 5Y*: 11.53%
• 10Y*: —

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

UQLT.L vs. USFM.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UQLT.L UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist)	10.15%	17.64%	20.58%	33.76%	-25.29%	27.69%	19.02%	34.52%	-6.09%	14.53%
USFM.L UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis	14.56%	5.73%	20.11%	10.47%	-3.22%	26.12%	10.79%	25.56%	-0.38%	-15.16%

Correlation

The correlation between UQLT.L and USFM.L is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Apr 27, 2017	0.70

The correlation between UQLT.L and USFM.L has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.

Return for Risk

UQLT.L vs. USFM.L — Risk / Return Rank

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

UQLT.L

UQLT.L Risk / Return Rank: 66
UQLT.L Sharpe Ratio Rank: 70
UQLT.L Sortino Ratio Rank: 75
UQLT.L Omega Ratio Rank: 67
UQLT.L Calmar Ratio Rank: 52
UQLT.L Martin Ratio Rank: 64

USFM.L

USFM.L Risk / Return Rank: 89
USFM.L Sharpe Ratio Rank: 91
USFM.L Sortino Ratio Rank: 89
USFM.L Omega Ratio Rank: 88
USFM.L Calmar Ratio Rank: 90
USFM.L Martin Ratio Rank: 89

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.

UQLT.L vs. USFM.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) (UQLT.L) and UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis (USFM.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.

	UQLT.L	USFM.L	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.38	-0.70
Sortino ratio: Return per unit of downside risk	2.55	3.26	-0.71
Omega ratio: Gain probability vs. loss probability	1.30	1.42	-0.12
Calmar ratio: Return relative to maximum drawdown	2.00	4.21	-2.21
Martin ratio: Return relative to average drawdown	8.36	14.78	-6.42

UQLT.L vs. USFM.L - Sharpe Ratio Comparison

The current UQLT.L Sharpe Ratio is 1.68, which is comparable to the USFM.L Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of UQLT.L and USFM.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

UQLT.L vs. USFM.L - Drawdown Comparison

The maximum UQLT.L drawdown since its inception was -33.41%, which is greater than USFM.L's maximum drawdown of -27.52%. Use the drawdown chart below to compare losses from any high point for UQLT.L and USFM.L.

Drawdown Indicators

	UQLT.L	USFM.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.41%	-27.52%	-5.89%
Max Drawdown (1Y) Largest decline over 1 year	-11.63%	-5.47%	-6.16%
Max Drawdown (3Y) Largest decline over 3 years	-21.34%	-17.40%	-3.94%
Max Drawdown (5Y) Largest decline over 5 years	-31.53%	-17.40%	-14.13%
Max Drawdown (10Y) Largest decline over 10 years	-33.41%	—	—
Current Drawdown Current decline from peak	-0.84%	-1.68%	+0.84%
Average Drawdown Average peak-to-trough decline	-5.41%	-5.73%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	1.56%	+1.22%

Volatility

UQLT.L vs. USFM.L - Volatility Comparison

UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) (UQLT.L) has a higher volatility of 3.81% compared to UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis (USFM.L) at 2.63%. This indicates that UQLT.L's price experiences larger fluctuations and is considered to be riskier than USFM.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UQLT.L	USFM.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.81%	2.63%	+1.18%
Volatility (6M) Calculated over the trailing 6-month period	10.96%	7.15%	+3.81%
Volatility (1Y) Calculated over the trailing 1-year period	13.88%	9.70%	+4.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.85%	13.23%	+4.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.49%	17.08%	+0.41%

UQLT.L vs. USFM.L - Expense Ratio Comparison

UQLT.L has a 0.28% expense ratio, which is higher than USFM.L's 0.25% expense ratio.

Dividends

UQLT.L vs. USFM.L - Dividend Comparison

UQLT.L's dividend yield for the trailing twelve months is around 0.22%, less than USFM.L's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
UQLT.L UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist)	0.22%	0.54%	0.30%	0.78%	0.81%	0.70%	0.86%	0.93%	1.24%	1.04%	0.65%
USFM.L UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis	1.04%	1.20%	1.14%	1.37%	1.22%	1.01%	1.34%	1.30%	1.37%	0.30%	0.00%

Frequently Asked Questions

Can I hold both UQLT.L and USFM.L in my portfolio?

UQLT.L and USFM.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UQLT.L or USFM.L?

On fees, USFM.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UQLT.L or USFM.L?

USFM.L is cheaper with a 0.25% expense ratio, compared with 0.28% for UQLT.L.

What is the main difference between UQLT.L and USFM.L?

UQLT.L tracks MSCI USA Quality Advanced Target Select 100% Hedged to GBP Index, while USFM.L tracks Russell 1000 TR USD. Their fees differ too: 0.28% for UQLT.L and 0.25% for USFM.L.