USUE.DE vs. UBUT.DE

Last updated Jun 5, 2026

USUE.DE (UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc) and UBUT.DE (UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis) are both Large Cap Blend Equities funds from UBS - USUE.DE tracks the MSCI USA Select Factor Mix while UBUT.DE tracks the MSCI USA Quality. Both are passively managed. Over the past 5 years, USUE.DE returned 11.49%/yr vs 14.55%/yr for UBUT.DE. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.

Performance

USUE.DE vs. UBUT.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc (USUE.DE) and UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USUE.DE achieves a 13.01% return, which is significantly higher than UBUT.DE's 11.13% return.

USUE.DE

• 1D: 0.29%
• 1M: 4.91%
• YTD: 13.01%
• 6M: 13.36%
• 1Y: 21.52%
• 3Y*: 15.86%
• 5Y*: 11.49%
• 10Y*: —

UBUT.DE

• 1D: 0.48%
• 1M: 6.45%
• YTD: 11.13%
• 6M: 11.84%
• 1Y: 26.41%
• 3Y*: 18.17%
• 5Y*: 14.55%
• 10Y*: 15.97%

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

USUE.DE vs. UBUT.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
USUE.DE UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc	13.01%	1.00%	25.07%	12.96%	-8.63%	35.62%	-1.09%
UBUT.DE UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis	11.13%	4.89%	28.17%	31.45%	-19.44%	39.51%	3.55%

Correlation

The correlation between USUE.DE and UBUT.DE is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Feb 10, 2020	0.84

The correlation between USUE.DE and UBUT.DE shifts across timeframes, from 0.70 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.

Return for Risk

USUE.DE vs. UBUT.DE — Risk / Return Rank

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

USUE.DE

USUE.DE Risk / Return Rank: 66
USUE.DE Sharpe Ratio Rank: 57
USUE.DE Sortino Ratio Rank: 58
USUE.DE Omega Ratio Rank: 55
USUE.DE Calmar Ratio Rank: 83
USUE.DE Martin Ratio Rank: 76

UBUT.DE

UBUT.DE Risk / Return Rank: 59
UBUT.DE Sharpe Ratio Rank: 60
UBUT.DE Sortino Ratio Rank: 60
UBUT.DE Omega Ratio Rank: 59
UBUT.DE Calmar Ratio Rank: 59
UBUT.DE Martin Ratio Rank: 58

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.

USUE.DE vs. UBUT.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc (USUE.DE) and UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.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.

	USUE.DE	UBUT.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.98	-0.10
Sortino ratio: Return per unit of downside risk	2.73	2.80	-0.08
Omega ratio: Gain probability vs. loss probability	1.33	1.36	-0.03
Calmar ratio: Return relative to maximum drawdown	4.41	2.85	+1.56
Martin ratio: Return relative to average drawdown	14.20	10.00	+4.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USUE.DE vs. UBUT.DE - Sharpe Ratio Comparison

The current USUE.DE Sharpe Ratio is 1.89, which is comparable to the UBUT.DE Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of USUE.DE and UBUT.DE, 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

	USUE.DE	UBUT.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	1.98	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.86	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.94	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.90	-0.25

Drawdowns

USUE.DE vs. UBUT.DE - Drawdown Comparison

The maximum USUE.DE drawdown since its inception was -35.36%, which is greater than UBUT.DE's maximum drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for USUE.DE and UBUT.DE.

Drawdown Indicators

	USUE.DE	UBUT.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.36%	-30.47%	-4.89%
Max Drawdown (1Y) Largest decline over 1 year	-4.86%	-9.23%	+4.37%
Max Drawdown (3Y) Largest decline over 3 years	-20.79%	-24.78%	+3.99%
Max Drawdown (5Y) Largest decline over 5 years	-20.79%	-24.78%	+3.99%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.47%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.53%	-5.04%	-0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	2.63%	-1.12%

Volatility

USUE.DE vs. UBUT.DE - Volatility Comparison

The current volatility for UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc (USUE.DE) is 2.84%, while UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis (UBUT.DE) has a volatility of 3.48%. This indicates that USUE.DE experiences smaller price fluctuations and is considered to be less risky than UBUT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USUE.DE	UBUT.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	3.48%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	7.98%	9.10%	-1.12%
Volatility (1Y) Calculated over the trailing 1-year period	11.34%	13.25%	-1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.42%	16.79%	-2.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.33%	16.94%	+0.39%

USUE.DE vs. UBUT.DE - Expense Ratio Comparison

Both USUE.DE and UBUT.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

USUE.DE vs. UBUT.DE - Dividend Comparison

USUE.DE has not paid dividends to shareholders, while UBUT.DE's dividend yield for the trailing twelve months is around 0.35%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
UBUT.DE UBS ETF (IE) Factor MSCI USA Quality UCITS ETF (USD) A-dis	0.35%	0.42%	0.60%	0.78%	0.78%	0.62%	0.88%	0.66%	1.07%	0.85%	0.96%
USUE.DE UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USUE.DE and UBUT.DE in my portfolio?

USUE.DE and UBUT.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USUE.DE or UBUT.DE?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USUE.DE or UBUT.DE?

USUE.DE and UBUT.DE have the same expense ratio: 0.25% per year.

What is the main difference between USUE.DE and UBUT.DE?

USUE.DE tracks MSCI USA Select Factor Mix, while UBUT.DE tracks MSCI USA Quality.