Comparison window: 11 Apr 2012 → 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.
RebalixLU0136234654 vs IE00B77D4428 · report of 10 September 2026
The funds at a glance
From official issuer documents and the ESMA register
LU0136234654LU0136234654UBS MSCI USA UCITS ETF USD disEquity · United States
Declared index
MSCI USA Total Return Net
TER
0.14%
Transaction (KID)
0.00%
Fund size
471 mln EUR
Launch
29 Oct 2001
Currency
USD
Replication
Physical (full replication)
Hedging
No
Holdings
520
Distributions 12m
4.3861 USD
Effective 🇮🇹 rate
26.00%
IE00B77D4428IE00B77D4428UBS Core MSCI USA UCITS ETF USD disEquity · United States
Declared index
MSCI USA Total Return Net
TER
0.03%
Transaction (KID)
0.00%
Fund size
1.3 mld EUR
Launch
11 Apr 2012
Currency
USD
Replication
Physical (full replication)
Hedging
No
Holdings
520
Distributions 12m
1.6454 USD
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.
LU01362346543y avg: −0.15%/anno
2025
−0.15%
2024
−0.19%
2023
−0.12%
2022
−0.01%
2021
−0.15%
2020
−0.12%
IE00B77D44283y avg: +0.17%/anno
2025
+0.17%
2024
+0.16%
2023
+0.17%
2022
+0.09%
2021
+0.08%
2020
+0.15%
Rebalix · LU0136234654 vs IE00B77D4428section 1 of 4
RebalixLU0136234654 vs IE00B77D4428 · report of 10 September 2026
LU0136234654 — UBS MSCI USA UCITS ETF USD dis · LU0136234654 · Equity · United States
IE00B77D4428 — UBS Core MSCI USA UCITS ETF USD dis · IE00B77D4428 · Equity · United States
Performance over the period, in euro
From 11 Apr 2012 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: LU0136234654; thin lines: the other funds.
The worst episode, fund by fund
Fund
Max drawdown
Trough
Recovery time
Underwater
LU0136234654
−34.1%
23 Mar 2020
280 days
313 days · back to break-even on 28 Dec 2020
IE00B77D4428
−34.0%
23 Mar 2020
283 days
316 days · back to break-even on 31 Dec 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 · LU0136234654 vs IE00B77D4428section 2 of 4
RebalixLU0136234654 vs IE00B77D4428 · report of 10 September 2026
LU0136234654 — UBS MSCI USA UCITS ETF USD dis · LU0136234654 · Equity · United States
IE00B77D4428 — UBS Core MSCI USA UCITS ETF USD dis · IE00B77D4428 · Equity · United States
Geographic composition
% of portfolio, from full declared holdings
Sector composition
GICS sectors, same sources and dates
Portfolio overlap
520 common holdings · ticker match on full official portfolios
How the shared part is computed: for each security held by both funds, only the SMALLER of the two weights counts — a stock at 5% in one fund and 1% in the other overlaps by 1%, not 5%. Summed over all 520 common holdings this gives 98.7%: buying both funds, roughly this share of your money buys the same stocks twice. Matching uses the ISIN of each security, as published by both issuers in their baskets.
Rebalix · LU0136234654 vs IE00B77D4428section 3 of 4
RebalixLU0136234654 vs IE00B77D4428 · report of 10 September 2026
Full comparison table
"—" = not published by the source, never estimated
LU0136234654 — UBS MSCI USA UCITS ETF USD dis · LU0136234654 · Equity · United States
IE00B77D4428 — UBS Core MSCI USA UCITS ETF USD dis · IE00B77D4428 · Equity · United States
Metric
LU0136234654
IE00B77D4428
Note
Identity
Category
Equity · United States
Equity · United States
Rebalix engine classification
Replication
Physical (full replication)
Physical (full replication)
as declared by the issuer
Currency hedging
No
No
source: class name, factsheet
Income policy
distributing
distributing
—
Costs
TER
0.14%
0.03%
from the KID
Transaction costs (KID)
0.00%
0.00%
internal
All-in cost
0.14%
0.03%
TER + transaction
Tracking difference (3a)
−0.15%
+0.17%
vs its OWN index
Performance in euro (ECB rates)
1 year
+19.7%
+20.1%
—
3 years
+62.8%
+64.1%
—
5 years
+77.6%
+79.7%
—
10 years
+277.2%
+286.4%
— = series younger than the window
Risk · last 3 years
Volatility (ann.)
+15.18%
+15.16%
—
Max drawdown
−19.19%
−19.18%
—
Sharpe
1.07
1.07
risk-free = ECB MRO avg
Sortino
1.57
1.56
like Sharpe, downside only
Distributions (fund currency)
Frequency
semi-annual
semi-annual
—
Distributions, last 12 months
4.3861 USD
1.6454 USD
per share
Distribution yield
0.59%
0.88%
12 months / NAV
Last ex-date
13 Aug 2026 · 2.4414 USD
13 Aug 2026 · 0.8369 USD
—
Italian taxation
Effective capital-gains rate
26.00%
26.00%
white list, current half-year
Documents & exchanges
Listing venues
9
10
ESMA register
Borsa Italiana ticker
USAEUA
USAEUY
—
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~89 euro LU0136234654 · ~19 euro IE00B77D4428. 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 · LU0136234654 vs IE00B77D4428section 4 of 4