Comparison window: 16 Sept 2016 → 8 Sept 2026 (max: from the most recent launch) · currency: 🇪🇺 EUR · inflation: 🇮🇹 Italy · distributions: reinvested where declared
Report produced on 10 September 2026 · data as of the dates shown per section Sources: official issuer documents (KID, factsheet, declared NAV series and holdings), ESMA register, ECB rates, Eurostat Public methodology: rebalix.com/en/methodology
Informational document generated by rebalix.com — facts side by side, no recommendations. It does not constitute investment advice or investment research under Directive 2014/65/EU (MiFID II). Past performance is not indicative of future results.
RebalixIE00B3SC9K16 vs IE00BD4TXS21 · report of 10 September 2026
The funds at a glance
From official issuer documents and the ESMA register
IE00B3SC9K16IE00B3SC9K16UBS MSCI USA SF UCITS ETF USD accEquity
Declared index
MSCI USA Total Return Net
TER
0.15%
Transaction (KID)
0.00%
Fund size
—
Launch
15 Dec 2010
Currency
USD
Replication
Synthetic (swap)
Hedging
No
Holdings
—
Effective 🇮🇹 rate
—
IE00BD4TXS21IE00BD4TXS21UBS Core MSCI USA UCITS ETF USD accEquity · United States
Declared index
MSCI USA Total Return Net
TER
0.03%
Transaction (KID)
0.00%
Fund size
2.7 mld EUR
Launch
16 Sept 2016
Currency
USD
Replication
Physical (full replication)
Hedging
No
Holdings
520
Effective 🇮🇹 rate
26.00%
Tracking difference — year by year
Fund minus index, from issuer-declared series (complete calendar years). Each measures adherence to its OWN index.
IE00B3SC9K163y avg: +0.16%/anno
2025
+0.09%
2024
+0.14%
2023
+0.26%
2022
+0.19%
2021
+0.18%
2020
+0.42%
IE00BD4TXS213y avg: +0.18%/anno
2025
+0.18%
2024
+0.17%
2023
+0.18%
2022
+0.09%
2021
+0.09%
2020
+0.16%
Rebalix · IE00B3SC9K16 vs IE00BD4TXS21section 1 of 3
RebalixIE00B3SC9K16 vs IE00BD4TXS21 · report of 10 September 2026
IE00B3SC9K16 — UBS MSCI USA SF UCITS ETF USD acc · IE00B3SC9K16 · Equity
IE00BD4TXS21 — UBS Core MSCI USA UCITS ETF USD acc · IE00BD4TXS21 · Equity · United States
Performance over the period, in euro
From 16 Sept 2016 to 8 Sept 2026 · base 100 · ECB rates, dividends reinvested where declared
In euro (nominal)
In today’s purchasing power (net of Italy inflation)
Same scale in both panels: the gap between endpoints is Italian inflation over the period (Eurostat). Volatility stays nominal, as everywhere on the site.
How far they fell — drawdown from peak (nominal)
In euro · distance from the previous peak, day by day, on NAV: for distributing classes it includes ex-dividend drops (slightly deeper than total return)
Filled area: IE00B3SC9K16; thin lines: the other funds.
The worst episode, fund by fund
Fund
Max drawdown
Trough
Recovery time
Underwater
IE00B3SC9K16
−34.0%
23 Mar 2020
238 days
271 days · back to break-even on 16 Nov 2020
IE00BD4TXS21
−34.0%
23 Mar 2020
246 days
279 days · back to break-even on 24 Nov 2020
"Recovery time" = the climb only: trough to break-even (0%). "Underwater" = decline + recovery: peak to break-even.
Drawdown net of Italy inflation
Same curve in purchasing-power terms: as on the site, drawdown follows the real view (volatility stays nominal, per methodology)
In real terms declines are deeper and recoveries slower. Monthly price index (Eurostat), held at the last published value.
Rebalix · IE00B3SC9K16 vs IE00BD4TXS21section 2 of 3
RebalixIE00B3SC9K16 vs IE00BD4TXS21 · report of 10 September 2026
Full comparison table
"—" = not published by the source, never estimated
IE00B3SC9K16 — UBS MSCI USA SF UCITS ETF USD acc · IE00B3SC9K16 · Equity
IE00BD4TXS21 — UBS Core MSCI USA UCITS ETF USD acc · IE00BD4TXS21 · Equity · United States
Metric
IE00B3SC9K16
IE00BD4TXS21
Note
Identity
Category
Equity
Equity · United States
Rebalix engine classification
Replication
Synthetic (swap)
Physical (full replication)
as declared by the issuer
Currency hedging
No
No
source: class name, factsheet
Income policy
accumulating
accumulating
—
Costs
TER
0.15%
0.03%
from the KID
Transaction costs (KID)
0.00%
0.00%
internal
All-in cost
0.15%
0.03%
TER + transaction
Tracking difference (3a)
+0.16%
+0.18%
vs its OWN index
Performance in euro (ECB rates)
1 year
+19.9%
+20.1%
—
3 years
+63.8%
+64.1%
—
5 years
+79.7%
+79.8%
—
10 years
+287.6%
+294.4%
— = series younger than the window
Risk · last 3 years
Volatility (ann.)
+15.23%
+15.16%
—
Max drawdown
−19.16%
−19.15%
—
Sharpe
1.14
1.14
risk-free = ECB MRO avg
Sortino
1.67
1.67
like Sharpe, downside only
Italian taxation
Effective capital-gains rate
—
26.00%
white list, current half-year
Documents & exchanges
Listing venues
—
9
ESMA register
Borsa Italiana ticker
—
USAUSW
—
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~95 euro IE00B3SC9K16 · ~19 euro IE00BD4TXS21. Broker costs not included.
Disclaimer
This document is for information only and does not constitute investment advice under Directive 2014/65/EU (MiFID II), investment research, a personal recommendation, or an offer or solicitation to buy or sell financial instruments.
Past performance is not indicative of, nor a guarantee of, future results. The value of an investment can go down as well as up and investors may not get back the capital invested. Euro returns are affected by currency fluctuations.
Before any investment decision, read the KID and the Prospectus, available from the issuers. Tax treatment depends on individual circumstances and may change.
Data come from official issuer documents and public registers, following the public methodology at rebalix.com/en/methodology. "—" fields were not published by the source and have not been estimated. Rebalix receives no compensation from the issuers mentioned.
Rebalix · IE00B3SC9K16 vs IE00BD4TXS21section 3 of 3