Average tracking difference over the last 3 years+0.04% p.a., against a declared TER of 0.21%.≈ computed by Rebalix
✓ declared by the issuer · ≈ computed by Rebalix on the declared data in our census. They describe the past and are not indicative of future results.
Description and fund objective
UBS MSCI ACWI SF UCITS ETF USD Ukdis tracks the issuer-declared index: MSCI ACWI Total Return Net Index. The declared annual cost (TER) is 0.21%, plus 0.00% in transaction costs estimated by the issuer in the KID. Income is distributed to investors. The fund was launched on 15 April 2019 and is domiciled in Ireland. In our registry 1 other ETFs declare the same index.
The fund’s objective — in the issuer’s words
The objective of the Fund is capital appreciation. The Fund tracks the daily performance of an equity index, called the MSCI ACWI Net Total Return Index (the 'Index'), less fees and costs and consequently is passively managed.
Keep reading the KID section ▾
The Fund invests in financial derivative instruments ('FDIs') with UBS AG, London Branch ('UBS') as counterparty. The Fund may also invest in securities (e.g. company shares and bonds issued by companies and governments). Under the terms of the FDIs, the performance of the Index is swapped from UBS to the Fund, and in return the performance of the securities is swapped from the Fund to UBS – consequently, the Fund's performance reflects the performance of the Index and is not impacted by the performance of the securities. The Index is a benchmark for share performance of companies around the world. It is well diversified and its components include large and mid capitalised companies in developed and emerging market countries around the world. More information on the Index is available at www.msci.com. As a result of fees and costs, the performance of the Fund on any day will always be less than the performance of the Index on that day. Sustainability risks are not systematically integrated as they are not considered as part of the Index selection process. The return of the fund depends mainly on the performance of the tracked index. This share class is a distributing share class. The share class may pay dividends.
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. Depositary State Street Custodial Services (Ireland) Limited Further Information Information about UBS MSCI ACWI SF UCITS ETF and the available share classes, the full prospectus, and the latest annual and semi-annual reports, as well as additional information can be obtained free of charge from the fund management company, the central administrator, the custodian bank, the fund distributors or online at www.ubs.com/etf. Latest price can be found at www.ubs.com/etf
From the KID’s “Objectives” section · KID acquired on 2 September 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.
What has changed in the fund over time
Not yet available: no data archived for this share class.
not available in the issuer sources consulted by Rebalix
Effective rate for this fund
cannot be determined by Rebalix with the available data
For individuals resident in Italy, outside business activity. Any tax-favoured component may reduce the effective levy. The intermediary may hold tax information not published on the issuer’s website; the absence of the figure on Rebalix does not imply a zero favoured share.
issuer-declared net asset value (NAV) · USD (loading exchange rates) · from Nov 2021 to Oct 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+62.8%
Annualised
+10.5%
Volatility (ann.)
13.9%
Max drawdown
-26.38%
24 Nov 2021 → 16 Oct 20264 years and 11 months · +62.8%
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD 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
-26.38%
peak → trough
Trough
12 Oct 2022
from the 04 Jan 2022 peak
Recovery time
470 days
recovery only: trough to break-even · ≈ 1 year and 3 months
Underwater
751 days
decline + recovery: peak to break-even · ≈ 2 years and 1 month · → recovered on 25 Jan 2024
The five worst falls in the period
From the peak of
Trough
Depth
Back to break-even
Days underwater
04 Jan 2022
12 Oct 2022
-26.38%
25 Jan 2024
751
18 Feb 2025
08 Apr 2025
-16.07%
02 Jun 2025
104
25 Feb 2026
30 Mar 2026
-9.29%
15 Apr 2026
49
16 Jul 2024
05 Aug 2024
-8.25%
23 Aug 2024
38
28 Mar 2024
19 Apr 2024
-5.02%
10 May 2024
43
Calendar-year returns
2021
0.9%
partial, from 24 Nov
0 distributions reinvested
2022
-18.4%
2 distributions reinvested
2023
22.2%
2 distributions reinvested
2024
17.6%
2 distributions reinvested
2025
22.3%
2 distributions reinvested
2026
12.5%
2 distributions reinvested
2021, partial: the available series starts on 24 November 2021 (share class launched on 15 April 2019); the return runs from that date to 31 December 2021 and is not comparable with a full year.
Reinvested series rebuilt by Rebalix from the distributions on file since 1 February 2022: the completeness of the archive is not certified; each year shows how many distributions were reinvested.
Month-by-month returns
2026Year 12.5%
Jan
3.0
Feb
1.3
Mar
-7.2
Apr
10.2
May
5.2
Jun
-0.8
Jul
0.1
Aug
2.7
Sept
-1.1
Oct
-0.5
Nov
·
Dec
·
2025Year 22.3%
Jan
3.4
Feb
-0.6
Mar
-3.9
Apr
0.9
May
5.7
Jun
4.5
Jul
1.4
Aug
2.5
Sept
3.6
Oct
2.2
Nov
-0.0
Dec
1.0
2024Year 17.6%
Jan
0.6
Feb
4.3
Mar
3.1
Apr
-3.2
May
4.1
Jun
2.2
Jul
1.6
Aug
2.6
Sept
2.3
Oct
-2.2
Nov
3.7
Dec
-2.4
2023Year 22.2%
Jan
7.2
Feb
-2.9
Mar
3.1
Apr
1.4
May
-1.1
Jun
5.8
Jul
3.7
Aug
-2.8
Sept
-4.1
Oct
-3.0
Nov
9.2
Dec
4.8
2022Year -18.4%
Jan
-4.9
Feb
-2.6
Mar
2.2
Apr
-8.0
May
0.1
Jun
-8.4
Jul
7.0
Aug
-3.7
Sept
-9.6
Oct
6.0
Nov
7.8
Dec
-3.9
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Year
2026
3.0
1.3
-7.2
10.2
5.2
-0.8
0.1
2.7
-1.1
-0.5
12.5
2025
3.4
-0.6
-3.9
0.9
5.7
4.5
1.4
2.5
3.6
2.2
-0.0
1.0
22.3
2024
0.6
4.3
3.1
-3.2
4.1
2.2
1.6
2.6
2.3
-2.2
3.7
-2.4
17.6
2023
7.2
-2.9
3.1
1.4
-1.1
5.8
3.7
-2.8
-4.1
-3.0
9.2
4.8
22.2
2022
-4.9
-2.6
2.2
-8.0
0.1
-8.4
7.0
-3.7
-9.6
6.0
7.8
-3.9
-18.4
2021
4.0
0.9(partial)
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested: Rebalix calculation from the declared distributions). Deeper colour = larger move.
Method and sources
Switch on: series with distributions reinvested, rebuilt by Rebalix — the distributions declared by the issuer are reinvested at the NAV on the ex-date. It is the total return, comparable with accumulating classes. Switch off: NAV without reinvestment, which drops at every distribution.
Source: UBS. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available August 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 3 of the last 3 calendar years: a past observation, not an indication of future outperformance.
Average annual TD, 2023–2025
+0.04 pt /year
Declared TER
0.21%
Year
Fund
Index
Difference (pt)
2025
+22.35%
+22.34%
+0.01 pt
2024
+17.58%
+17.49%
+0.09 pt
2023
+22.23%
+22.20%
+0.03 pt
Fund return reconstructed by Rebalix by reinvesting distributions on each ex-date; 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? →
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: 2.25%), 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.
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 as follows: Milan-listed classes first, then the others; within each group by ascending TER, then by descending assets. A dash “—” = not declared by the issuer in the files we read — not a zero.
Stock exchange listings
Exchanges with a ticker available· in alphabetical order
Exchange
Ticker
Exchange source
Registered since
Börse Hannover
NY80from mapping
ESMA register (FIRDS)
13 Nov 2025
Tradegate Exchange
NY80from mapping
ESMA register (FIRDS)
16 Sept 2025
from mapping — ticker obtained by ISIN→exchange mapping under the open FIGI standard, not read from the exchange’s list.
Each row is one exchange: the operator with all its markets and segments (regulated market and Freiverkehr included). “Registered since”: admission date in the ESMA register (FIRDS), not necessarily the first trading day; a dash = date not recorded in the sources.
+ 2 other trading platforms (platforms for professional participants and segments without admission to listing, such as an exchange operator’s dark books or auctions): they are not exchanges and are not listed.
Exchanges are taken from the official ESMA register (FIRDS) and, where FIRDS does not cover the exchange (London, Zurich) or does not record the current listing, from the issuers’ product lists and documents: the “Exchange source” column says so row by row. Each exchange is a single row, with all its markets and segments. Tickers come from the issuers’ product lists and tax documents or, where indicated, from ISIN→exchange mapping under the open FIGI standard (OpenFIGI). Activity on a dark book, an auction or an ancillary platform does not prove a listing on the exchange that operates it. Rebalix mainly covers venues in the European Economic Area, Switzerland and the United Kingdom: when the issuer declares current listings in other jurisdictions too, they appear with their source, outside the ESMA register perimeter. Terminated or cancelled listings are not shown. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker.
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.
Frequently asked questions
Which index does UBS MSCI ACWI SF UCITS ETF USD Ukdis track?
The issuer UBS declares the benchmark: MSCI ACWI Total Return Net Index.
How much does UBS MSCI ACWI SF UCITS ETF USD Ukdis cost?
The issuer-declared TER is 0.21% per year (period and nature not declared by the source); the transaction costs estimated in the KID are 0.00%.
When was UBS MSCI ACWI SF UCITS ETF USD Ukdis launched?
The fund was launched on 15 April 2019: it has 7 years of history.
How does UBS MSCI ACWI SF UCITS ETF USD Ukdis replicate its index?
It is a passively managed ETF: it follows the declared index. Synthetic (swap) (issuer wording: “Synthetic (Fully Funded + Total Return Swap)”).
Does UBS MSCI ACWI SF UCITS ETF USD Ukdis pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does UBS MSCI ACWI SF UCITS ETF USD Ukdis trade?
Per the official ESMA register (FIRDS) and the issuer’s documents it is listed on 2 exchanges with a ticker available, including Börse Hannover (NY80), Tradegate Exchange (NY80).
What was UBS MSCI ACWI SF UCITS ETF USD Ukdis's worst fall?
Over the available history (since 2021), the maximum drawdown was -27.79%, reached in October 2022. Past performance is not indicative of future results.
What is UBS MSCI ACWI SF UCITS ETF USD Ukdis's tracking difference?
Over the three most recent complete calendar years (2023–2025) the fund returned on average +0.04 percentage points per year versus its index: the annual mean of the differences, 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.