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Description
UBS SMI® ETF CHF dis tracks the issuer-declared index: SMI® Total Return. The declared annual cost (TER) is 0.20%, plus 0.00% in transaction costs estimated by the issuer in the KID. The fund was launched on 2 December 2003 and is domiciled in Switzerland. In our registry 1 other ETFs declare the same index.
The fund’s objective — in the issuer’s words
The investment objective of the sub-fund is to replicate the price and income performance before costs of the SMI® (Total Return). This sub-fund invests in equities of companies that are included in the SMI® and in equities that are not included in the SMI® but for which it has been announced that they will be included in the SMI® and other investments permitted under the fund contract. Sustainability risks are not systematically integrated as they are not taken into account as part of the index selection process. The fund's return depends primarily on the performance of the tracked index. The sub-fund's net income is distributed annually to investors within four months at most of the end of the accounting year. The fund management company may also make interim distributions from the income.
Keep reading the KID section ▾
Intended retail investorThis fund applies to retail investors with a basic financial understanding, who can accept a possible loss on the investment amount. The fund is aimed at growing the investment value, while granting daily access to the capital under normal market conditions. With their investment in this fund, investors can satisfy medium term investment needs. The fund is suited to be acquired by the target client segments without any restriction of the distribution channel or platform.
From the KID’s “Objectives” section · 2 September 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.
Quick reads
Average tracking difference over the last 3 years: -1.29% p.a., against a declared TER of 0.20%.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.
Fund performance
issuer-declared net asset value (NAV) · CHF · from Dec 2003 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+300.0%
Annualised
+6.3%
Volatility (ann.)
16.3%
Max drawdown
-53.81%
Note — currency risk: the fund is denominated (or hedged) in CHF and the chart is in CHF. For a euro investor, returns also depend on the EUR/CHF exchange rate, up or down.
Tip: drag across the chart to zoom into a period.
Drawdown — distance from previous peak
This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
Max drawdown
-53.81%
peak → trough
Trough
09 Mar 2009
from the 01 Jun 2007 peak
Recovery time
1,815 days
recovery only: trough to break-even · ≈ 4 years and 12 months
Underwater
2,462 days
decline + recovery: peak to break-even · ≈ 6 years and 9 months · → recovered on 26 Feb 2014
The five worst falls in the period
From the peak of
Trough
Depth
Back to break-even
Days underwater
01 Jun 2007
09 Mar 2009
-53.81%
26 Feb 2014
2,462
19 Feb 2020
23 Mar 2020
-27.03%
18 Mar 2021
393
05 Aug 2015
11 Feb 2016
-21.36%
09 May 2017
643
28 Dec 2021
26 Sept 2022
-20.96%
06 Jun 2024
891
03 Mar 2025
09 Apr 2025
-16.57%
05 Dec 2025
277
Calendar-year returns
2016
-4.4%
2017
16.8%
2018
-8.1%
2019
28.7%
2020
3.1%
2021
22.4%
2022
-15.2%
2023
5.8%
2024
6.3%
2025
16.7%
2026
7.2%
Month-by-month returns
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Year
2026
-0.6
6.2
-8.0
3.9
3.4
4.8
1.1
-0.4
-2.6
7.2
2025
8.6
3.2
-2.3
-2.7
1.2
-2.5
-0.7
3.0
-0.8
1.0
4.9
3.4
16.7
2024
1.7
0.9
3.5
-2.9
6.9
-0.1
2.7
0.9
-2.4
-3.1
-0.3
-1.4
6.3
2023
5.2
-1.7
1.1
4.0
-1.6
0.6
0.2
-1.6
-1.7
-5.2
4.4
2.6
5.8
2022
-5.1
-2.0
2.4
0.7
-4.1
-7.5
3.8
-2.6
-5.6
5.4
2.8
-3.6
-15.2
2021
-1.1
-0.7
6.0
0.7
3.3
5.1
1.4
2.4
-6.4
4.0
0.4
5.9
22.4
2020
0.1
-7.5
-4.3
4.6
2.4
2.2
-0.4
1.3
0.2
-5.9
9.4
2.2
3.1
2019
6.4
4.7
1.7
4.2
-1.8
3.9
0.2
-0.3
1.6
1.4
2.7
1.2
28.7
2018
-0.5
-4.6
-1.0
2.9
-4.4
1.8
6.5
-2.2
1.1
-0.7
0.2
-6.7
-8.1
2017
0.8
3.1
2.5
2.7
2.8
-1.2
1.7
-1.4
2.5
0.9
0.8
0.7
16.8
2016
-5.7
-5.3
-0.0
3.2
3.7
-2.4
1.5
0.9
-0.8
-3.8
0.6
4.4
-4.4
2015
-6.7
7.5
2.1
0.4
2.2
-4.9
7.4
-6.4
-3.5
5.0
0.6
-2.0
0.3
2014
-0.2
3.9
0.2
1.2
2.8
-1.4
-1.7
3.0
2.0
0.0
3.5
-1.8
12.0
2013
8.3
3.2
3.3
2.5
0.6
-3.3
1.8
-1.0
3.5
2.6
0.4
-0.8
22.7
2012
0.6
2.9
2.5
-0.8
-3.8
3.7
5.4
-0.2
1.6
1.5
3.4
0.0
17.7
2011
0.6
2.5
-3.4
4.1
0.7
-5.6
-6.5
-4.8
0.1
3.6
-1.4
5.0
-6.0
2010
-1.6
4.2
3.3
-3.0
-4.4
-2.9
1.3
-0.4
1.9
2.8
-2.5
1.9
0.0
2009
-4.4
-10.5
5.7
6.5
2.4
1.0
10.3
4.4
1.7
-0.6
-0.4
4.5
20.6
2008
-9.6
-1.4
-3.8
5.7
0.1
-7.4
2.8
0.6
-8.0
-7.4
-5.5
-4.9
-33.4
2007
4.0
-3.8
2.7
6.1
0.6
-2.6
-3.5
-0.7
0.6
0.9
-2.1
-3.9
-2.4
2006
3.0
1.0
2.2
1.1
-5.2
0.6
3.9
2.3
3.2
1.7
-1.0
3.5
17.0
2005
1.3
2.7
0.5
-0.1
4.7
2.0
5.6
-1.8
5.9
2.0
5.2
2.3
34.7
2004
4.5
1.4
-3.1
3.8
-2.5
-0.2
-1.2
-2.8
0.8
-1.9
1.5
4.5
4.6
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
Source: UBS. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.
Tracking difference — fund vs index
How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 0 of the last 10 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-1.29% /anno
Declared TER
0.20%
Year
Fund
Index
Difference
2025
+16.70%
+18.03%
-1.33%
2024
+6.29%
+7.55%
-1.26%
2023
+5.81%
+7.09%
-1.27%
2022
-15.23%
-14.29%
-0.95%
2021
+22.40%
+23.74%
-1.34%
2020
+3.10%
+4.35%
-1.25%
2019
+28.74%
+30.16%
-1.42%
2018
-8.07%
-7.04%
-1.03%
2017
+16.76%
+17.90%
-1.14%
2016
-4.36%
-3.38%
-0.98%
Fund return with dividends reinvested by Rebalix on each ex-date (the issuer does not publish a total-return series); index from the issuer-declared series; complete calendar years covered by our dividend archive. complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →
Risk indicators· EUR
Last year
Last 3 years
Last 5 years
Last 10 years
Full history
Volatility (ann.)
12.65%
12.82%
13.28%
13.88%
15.58%
Max drawdown
-12.01%
-15.78%
-17.04%
-27.38%
-49.72%
Sharpe
0.87
0.51
0.29
0.47
0.39
Sortino
1.26
0.71
0.41
0.65
0.54
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.
Dividends
Latest dividend
0.5135 CHF
ex 20 Apr 2026 · paid 22 Apr 2026
Dividends, last 12 months
1.42 CHF
Dividend yield
0.99%
12-month sum over the NAV as of 8 Sept 2026
Yield by year
Period
Dividends
Dividend yield
1 year
1.42 CHF
1.13 %
2025
2.47 CHF
2.09 %
2024
2.43 CHF
2.14 %
2023
2.23 CHF
2.04 %
2022
2.13 CHF
1.62 %
2021
2.11 CHF
1.93 %
Dividend contribution to total return
dividendsprice changeprice decline
Calendar per share (CHF)
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2026
0.90
0.51
2025
0.87
0.50
1.10
2024
0.89
0.44
1.09
2023
0.89
0.35
0.99
2022
0.86
0.34
0.92
2021
0.82
0.35
0.94
2020
0.75
0.29
0.96
2019
0.68
0.29
1.04
2018
0.73
0.33
0.98
2017
0.68
0.38
0.74
2016
0.35
0.31
0.38
0.91
2015
0.64
0.38
0.96
2014
0.30
0.29
0.36
0.11
2013
0.25
0.27
0.33
0.79
2012
0.25
0.25
0.34
0.65
2011
0.23
0.24
0.34
0.44
2010
0.42
0.47
0.16
2009
0.81
0.05
2008
1.01
2007
1.72
2006
0.76
2005
0.65
2004
0.49
Latest dividends
Per share
Ex-dividend date
Payment
0.5135 CHF
20 Apr 2026
22 Apr 2026
0.442 CHF
12 Mar 2026
16 Mar 2026
0.4615 CHF
10 Mar 2026
12 Mar 2026
1.10 CHF
5 Sept 2025
9 Sept 2025
0.5005 CHF
22 Apr 2025
24 Apr 2025
0.4225 CHF
27 Mar 2025
31 Mar 2025
0.4485 CHF
11 Mar 2025
13 Mar 2025
1.093 CHF
6 Sept 2024
11 Sept 2024
Per-share dividends as declared by the issuer, in CHF, since the first payment (2 Aug 2004). Past dividends are not indicative of future ones.
2 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.
Stock exchange listings
Exchange
Ticker
Trading since
Börse Düsseldorf
UFUN
7 Sept 2017
Börse Hamburg
UFUN
14 Feb 2019
Börse Hannover
UFUN
13 Nov 2025
Tradegate Exchange
UFUN
9 May 2025
+ 5 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.
Frequently asked questions
Which index does UBS SMI® ETF CHF dis track?
The issuer UBS declares the benchmark: SMI® Total Return.
How much does UBS SMI® ETF CHF dis cost?
The issuer-declared TER is 0.20% per year; the transaction costs estimated in the KID are 0.00%.
When was UBS SMI® ETF CHF dis launched?
The fund was launched on 2 December 2003: it has 22 years of history.
How does UBS SMI® ETF CHF dis replicate its index?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Yes”).
Where does UBS SMI® ETF CHF dis trade?
Per the official ESMA register it trades on 4 main exchanges, including Börse Düsseldorf (UFUN), Börse Hamburg (UFUN), Börse Hannover (UFUN), Tradegate Exchange (UFUN).
What was UBS SMI® ETF CHF dis's worst fall?
Over the available history (since 2003), the maximum drawdown was -55.33%, reached in March 2009. Past performance is not indicative of future results.
What is UBS SMI® ETF CHF dis's tracking difference?
Over the last 3 complete calendar years the fund returned on average -1.29% per year versus its index (from issuer-declared series).
Transparency note
The data in this sheet is declared by UBS in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.