VUKE.DE vs. UB03.L
VUKE.DE (Vanguard FTSE 100 UCITS ETF Distributing) and UB03.L (UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis) are both Europe Equities funds tracking the FTSE AllSh TR GBP, from Vanguard and UBS respectively. Both are passively managed. Over the past 5 years, VUKE.DE returned 11.56%/yr vs 11.44%/yr for UB03.L. A 0.53 correlation means they provide meaningful diversification when combined. VUKE.DE charges 0.09%/yr vs 0.20%/yr for UB03.L.
Performance
VUKE.DE vs. UB03.L - Performance Comparison
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Different Trading Currencies
VUKE.DE is traded in EUR, while UB03.L is traded in GBp. To make them comparable, the UB03.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with VUKE.DE having a 6.44% return and UB03.L slightly higher at 6.50%.
VUKE.DE
- 1D
- 0.15%
- 1M
- -0.44%
- YTD
- 6.44%
- 6M
- 9.43%
- 1Y
- 17.71%
- 3Y*
- 14.60%
- 5Y*
- 11.56%
- 10Y*
- —
UB03.L
- 1D
- 0.20%
- 1M
- 1.43%
- YTD
- 6.50%
- 6M
- 9.23%
- 1Y
- 17.56%
- 3Y*
- 15.14%
- 5Y*
- 11.44%
- 10Y*
- 7.55%
VUKE.DE vs. UB03.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VUKE.DE Vanguard FTSE 100 UCITS ETF Distributing | 6.44% | 20.50% | 14.00% | 9.66% | -1.10% | 24.91% | -15.71% | 25.58% | -10.37% | 3.27% |
UB03.L UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis | 6.51% | 19.99% | 14.65% | 8.89% | -0.10% | 24.11% | -16.01% | 24.83% | -8.39% | 2.10% |
Correlation
The correlation between VUKE.DE and UB03.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.53 |
Over the past year, VUKE.DE and UB03.L have become more correlated (0.78) than their long-term average of 0.53, meaning their price movements have been converging.
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Return for Risk
VUKE.DE vs. UB03.L — Risk / Return Rank
VUKE.DE
UB03.L
VUKE.DE vs. UB03.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE 100 UCITS ETF Distributing (VUKE.DE) and UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis (UB03.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.
| VUKE.DE | UB03.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 2.61 | -0.33 |
| Martin ratioReturn relative to average drawdown | 8.03 | 8.78 | -0.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VUKE.DE | UB03.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 1.58 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 1.16 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.65 | -0.18 |
Drawdowns
VUKE.DE vs. UB03.L - Drawdown Comparison
The maximum VUKE.DE drawdown since its inception was -40.16%, roughly equal to the maximum UB03.L drawdown of -39.44%. Use the drawdown chart below to compare losses from any high point for VUKE.DE and UB03.L.
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Drawdown Indicators
| VUKE.DE | UB03.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.16% | -39.44% | -0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -7.78% | -7.85% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -16.78% | -15.06% | -1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -16.78% | -15.06% | -1.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.44% | — |
Current DrawdownCurrent decline from peak | -2.81% | -2.70% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -6.64% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 3.05% | -0.84% |
Volatility
VUKE.DE vs. UB03.L - Volatility Comparison
Vanguard FTSE 100 UCITS ETF Distributing (VUKE.DE) and UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis (UB03.L) have volatilities of 4.43% and 4.37%, 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
| VUKE.DE | UB03.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 4.37% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.08% | 10.27% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.03% | 12.95% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 19.17% | -5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 23.75% | -6.85% |
VUKE.DE vs. UB03.L - Expense Ratio Comparison
VUKE.DE has a 0.09% expense ratio, which is lower than UB03.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VUKE.DE vs. UB03.L - Dividend Comparison
VUKE.DE's dividend yield for the trailing twelve months is around 3.01%, more than UB03.L's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UB03.L UBS ETF (LU) FTSE 100 UCITS ETF (GBP) A-dis | 2.71% | 2.92% | 3.75% | 3.63% | 3.69% | 3.10% | 3.72% | 4.13% | 4.21% | 3.30% | 3.61% | 4.14% |
VUKE.DE Vanguard FTSE 100 UCITS ETF Distributing | 3.01% | 3.18% | 3.70% | 3.84% | 4.08% | 3.81% | 2.95% | 4.49% | 4.74% | 0.65% | 0.00% | 0.00% |
Frequently Asked Questions
VUKE.DE and UB03.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUKE.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUKE.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for UB03.L.
Both ETFs track FTSE AllSh TR GBP. They also come from different issuers: Vanguard and UBS. Their fees differ too: 0.09% for VUKE.DE and 0.20% for UB03.L.
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