← Search another ETF ⎙ Printable sheet (PDF)

ETF sheet · Issuer-declared data

🇮🇹 Effective capital-gains rate: 26.00%details →

UBS Core MSCI World UCITS ETF hCHF accIndex, costs, backtest, listings and taxation

ISIN: IE000N6LBS91Issuer: UBSCurrency hedging: CHF-hedged share class

Issuer-declared data

Declared index

MSCI World 100% hedged to CHF Index

TER

0.13%

Transaction costs

0.00% (issuer estimate, from the KID)

Management

Passive (index-tracking) (from the KID)

Replication

Physical

Income policy

Accumulating

SFDR

Article 6 — does not promote specific ESG characteristics what does it mean?

NAV

3.86 CHF

Domicile

Ireland

Inception date

12 March 2024

Data as declared by UBS in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.

Fund historyThe fund-assets (AUM) chart year by year, from declared data.Open the history →

📬 Follow the engine as we build it

One email when new issuers, new metrics and new articles land. Double opt-in, zero spam, one-click unsubscribe.

Description

UBS Core MSCI World UCITS ETF hCHF acc tracks the issuer-declared index: MSCI World 100% hedged to CHF Index. The declared annual cost (TER) is 0.13%, plus 0.00% in transaction costs estimated by the issuer in the KID. The fund was launched on 12 March 2024 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words(the issuer publishes the KID in Italian)

Il Fondo è a gestione passiva e mira a replicare la performance dell'indice MSCI World Index hedged to CHF (Net Return) (l'«Indice»).
Keep reading the KID section ▾
L'Indice è concepito per misurare l'andamento delle società a media e alta capitalizzazione quotate sui mercati di tutto il mondo.
Il Fondo cercherà di detenere tutte le azioni dell'Indice nella medesima percentuale, in modo tale che il portafoglio del Fondo sarà sostanzialmente un'immagine quasi speculare dell'Indice. Nel cercare di realizzare il suo obiettivo d'investimento di replicare l'andamento dell'Indice, in circostanze eccezionali il Fondo può anche detenere titoli che non sono inclusi nell'Indice, tra cui, ad esempio, titoli per i quali è stato annunciato o è previsto che verranno presto inclusi nell'Indice. Per ridurre il rischio o i costi o per generare capitale o reddito aggiuntivo, il Fondo può utilizzare strumenti derivati. L'uso di strumenti derivati può moltiplicare i guadagni o le perdite del Fondo relativi a un determinato investimento o ai suoi investimenti in generale. Nel Fondo possono essere disponibili anche classi di quote con copertura valutaria. Il Fondo può effettuare operazioni di prestito titoli. I rischi di sostenibilità non sono sistematicamente integrati in quanto non sono considerati parte del processo di selezione dell'Indice. Il rendimento del fondo dipende principalmente dalla performance dell'indice replicato. I proventi del Fondo non vengono versati, bensì reinvestiti. Il rischio di cambio della valuta della classe di azioni è in larga misura coperto dalla valuta del fondo.
Investitore al dettagliocui si intende commercializzare il prodotto Questo fondo è destinato a investitori retail con conoscenze di base in materia finanziaria, che sono in grado di sostenere una possibile perdita sull'importo investito. Il fondo mira a far crescere il valore dell'investimento, fornendo al contempo accesso giornaliero al capitale in condizioni di mercato normali. Mediante questo fondo, gli investitori possono soddisfare le loro necessità di investimento a medio termine. Questo fondo è indicato per essere acquistato dai segmenti di clientela target senza restrizioni a livello di canale o di piattaforma di distribuzione.

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

TER 0.13%: below the median of equity ETFs we track (0.22%).

Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in Italian, from the issuer’s site — always the latest filed version

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 Mar 2024 to Sept 2026

Adjusted for inflationCompare with the index

Compare with another ETF

Only funds we hold a history for. Three at a time, at most.

Return

+37.6%

Annualised

+13.8%

Volatility (ann.)

12.7%

Max drawdown

-17.19%

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.

Currency-hedged share class: our figures are computed on the issuer’s NAV, where the hedge is applied at the daily fixing. Comparison sites using the exchange price may show returns and volatility that differ by 1–2 points: on hedged classes the price-vs-NAV gap is structurally wider and grows with the length of the window. Not a data error — a measurement convention. Details in the methodology.

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

-17.19%

peak → trough

Trough

08 Apr 2025

from the 18 Feb 2025 peak

Recovery time

83 days

recovery only: trough to break-even · ≈ 3 months

Underwater

132 days

decline + recovery: peak to break-even · ≈ 4 months · → recovered on 30 Jun 2025

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
18 Feb 2025	08 Apr 2025	-17.19%	30 Jun 2025	132
16 Jul 2024	05 Aug 2024	-8.91%	26 Sept 2024	72
25 Feb 2026	30 Mar 2026	-8.71%	17 Apr 2026	51
28 Mar 2024	19 Apr 2024	-4.99%	14 May 2024	47
28 Oct 2025	20 Nov 2025	-4.42%	11 Dec 2025	44

Calendar-year returns

2024

8.7%

2025

14.2%

2026

10.9%

Month-by-month returns

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	1.4	0.7	-6.1	8.4	4.5	-0.3	-0.1	2.1	0.5				10.9
2025	3.1	-1.2	-5.2	-0.7	5.6	3.4	1.7	1.7	2.9	2.2	-0.0	0.2	14.2
2024				-3.5	3.8	2.0	0.9	1.4	1.2	-1.2	4.7	-2.3	8.7

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.

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.

Declared TER

0.13%

Year	Fund	Index	Difference
2025	+14.18%	+14.00%	+0.17%

Total-return figures from issuer-declared series (primary source); 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	Full history
Volatility (ann.)	11.71%	12.96%
Max drawdown	-9.28%	-16.83%
Sharpe	1.22	0.91
Sortino	1.79	1.33

Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. 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: 2.20%), 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.

Italian taxation

Effective rate on capital gains

26.00%

White-list share

0.00%

From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.

Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00B7KQ7B66(class: USD dis)

XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans

IE00BD4TXV59(class: USD acc)

XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans

Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

Exchange	Ticker	Trading since
Börse Hannover	BCF5	13 Nov 2025
Tradegate Exchange	BCF5	16 Sept 2025

+ 2 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 Core MSCI World UCITS ETF hCHF acc track?

The issuer UBS declares the benchmark: MSCI World 100% hedged to CHF Index.

How much does UBS Core MSCI World UCITS ETF hCHF acc cost?

The issuer-declared TER is 0.13% per year; the transaction costs estimated in the KID are 0.00%.

How is UBS Core MSCI World UCITS ETF hCHF acc taxed in Italy?

On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.

When was UBS Core MSCI World UCITS ETF hCHF acc launched?

The fund was launched on 12 March 2024: it has 2 years of history.

How does UBS Core MSCI World UCITS ETF hCHF acc replicate its index?

It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Physical (Full replicated)”).

Does UBS Core MSCI World UCITS ETF hCHF acc pay dividends?

Issuer-declared income policy: “No”.

Where does UBS Core MSCI World UCITS ETF hCHF acc trade?

Per the official ESMA register it trades on 2 main exchanges, including Börse Hannover (BCF5), Tradegate Exchange (BCF5).

What was UBS Core MSCI World UCITS ETF hCHF acc's worst fall?

Over the available history (since 2024), the maximum drawdown was -17.19%, reached in April 2025. Past performance is not indicative of future results.

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.