VPN.L vs. UQLT.L
VPN.L (Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc)) and UQLT.L (UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - VPN.L is a REIT fund tracking the Solactive Data Center REITs & Digital Infrastructure v2 Index, while UQLT.L is a Large Cap Blend Equities fund tracking the MSCI USA Quality Advanced Target Select 100% Hedged to GBP Index. Both are passively managed. Over the past 3 years, VPN.L returned 26.86%/yr vs 19.92%/yr for UQLT.L. A 0.62 correlation means they provide meaningful diversification when combined. VPN.L charges 0.50%/yr vs 0.28%/yr for UQLT.L.
Performance
VPN.L vs. UQLT.L - Performance Comparison
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Different Trading Currencies
VPN.L is traded in USD, while UQLT.L is traded in GBp. To make them comparable, the UQLT.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VPN.L achieves a 29.81% return, which is significantly higher than UQLT.L's 10.09% return.
VPN.L
- 1D
- -1.35%
- 1M
- -13.39%
- 6M
- 16.18%
- YTD
- 29.81%
- 1Y
- 44.32%
- 3Y*
- 26.86%
- 5Y*
- —
- 10Y*
- —
UQLT.L
- 1D
- -1.05%
- 1M
- 1.79%
- 6M
- 9.35%
- YTD
- 10.09%
- 1Y
- 23.64%
- 3Y*
- 19.92%
- 5Y*
- 10.70%
- 10Y*
- 14.71%
VPN.L vs. UQLT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VPN.L Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) | 29.81% | 29.31% | 13.54% | 17.68% | -30.40% | 3.62% |
UQLT.L UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) | 10.09% | 26.51% | 18.57% | 40.82% | -33.28% | 7.44% |
Correlation
The correlation between VPN.L and UQLT.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2021 | 0.62 |
The correlation between VPN.L and UQLT.L has been stable across timeframes, ranging from 0.54 to 0.62 - a consistent structural relationship.
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Return for Risk
VPN.L vs. UQLT.L — Risk / Return Rank
VPN.L
UQLT.L
VPN.L vs. UQLT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) (VPN.L) and UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) (UQLT.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.
| VPN.L | UQLT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 1.49 | +1.38 |
| Martin ratioReturn relative to average drawdown | 8.60 | 5.71 | +2.89 |
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Drawdowns
VPN.L vs. UQLT.L - Drawdown Comparison
The maximum VPN.L drawdown since its inception was -38.80%, smaller than the maximum UQLT.L drawdown of -44.58%. Use the drawdown chart below to compare losses from any high point for VPN.L and UQLT.L.
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Drawdown Indicators
| VPN.L | UQLT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.80% | -44.58% | +5.78% |
Max Drawdown (1Y)Largest decline over 1 year | -15.39% | -15.82% | +0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -25.58% | -22.17% | -3.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.58% | — |
Current DrawdownCurrent decline from peak | -15.39% | -1.05% | -14.34% |
Average DrawdownAverage peak-to-trough decline | -14.64% | -8.42% | -6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.14% | 4.13% | +1.01% |
Volatility
VPN.L vs. UQLT.L - Volatility Comparison
Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) (VPN.L) has a higher volatility of 7.36% compared to UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) (UQLT.L) at 4.25%. This indicates that VPN.L's price experiences larger fluctuations and is considered to be riskier than UQLT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VPN.L | UQLT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.36% | 4.25% | +3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 17.63% | 13.29% | +4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.60% | 16.72% | +6.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.63% | 21.96% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.63% | 21.36% | +1.27% |
VPN.L vs. UQLT.L - Expense Ratio Comparison
VPN.L has a 0.50% expense ratio, which is higher than UQLT.L's 0.28% expense ratio.
Dividends
VPN.L vs. UQLT.L - Dividend Comparison
VPN.L has not paid dividends to shareholders, while UQLT.L's dividend yield for the trailing twelve months is around 0.22%.
| 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% |
VPN.L Global X Data Center REITs & Digital Infrastructure 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
VPN.L and UQLT.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UQLT.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UQLT.L is cheaper with a 0.28% expense ratio, compared with 0.50% for VPN.L.
VPN.L is categorized as REIT, while UQLT.L is Large Cap Blend Equities. VPN.L tracks Solactive Data Center REITs & Digital Infrastructure v2 Index, while UQLT.L tracks MSCI USA Quality Advanced Target Select 100% Hedged to GBP Index. They also come from different issuers: Global X and UBS. Their fees differ too: 0.50% for VPN.L and 0.28% for UQLT.L.
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