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ETF sheet · Issuer-declared data

UBS US Equity Defensive Put Write SF UCITS ETF USD accIndex, costs, backtest, listings and taxation

ISIN: IE00BLDGHF56Issuer: UBS
Issuer-declared data
Declared index
US Equity Defensive Put Write Index (TR)
TER
0.24%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
NAV
164.19 USD
Domicile
Ireland
Inception date
8 July 2020
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 historyNot yet available: no data archived for this share class.Open the history →
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Description

UBS US Equity Defensive Put Write SF UCITS ETF USD acc tracks the issuer-declared index: US Equity Defensive Put Write Index (TR). The declared annual cost (TER) is 0.24%, plus 0.00% in transaction costs estimated by the issuer in the KID. The fund was launched on 8 July 2020 and is domiciled in Ireland.

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

L'obiettivo del Fondo è la crescita del capitale. Il Fondo replica la performance giornaliera di un indice azionario, denominato US Equity Defensive Put Write Index (l'«Indice»), al netto delle commissioni e dei costi e di conseguenza è gestito passivamente.

Keep reading the KID section ▾

Il Fondo investe in strumenti finanziari derivati (SFD) con UBS AG, London Branch («UBS») quale controparte. Il Fondo può investire inoltre in titoli (ad es. azioni societarie e obbligazioni emesse da società e governi). In base alle condizioni degli SFD, la performance dell'Indice viene scambiata da UBS al Fondo e a sua volta la performance dei titoli viene scambiata dal Fondo a UBS. Pertanto, la performance del Fondo riflette la performance dell'Indice e non risente della performance dei titoli.

L'Indice è concepito per riflettere la performance di una strategia che consiste nel: a) depositare denaro e guadagnare un tasso d'interesse a breve termine (che può essere negativo) e b) vendere opzioni put sull'indice S&P500® (l'«Indice sottostante»). Chi vende un'opzione put sull'Indice sottostante riceve un premio in denaro dall'acquirente che, in contropartita, ha il diritto in futuro di vendere l'Indice sottostante a un prezzo prestabilito al venditore dell'opzione. Maggiori informazioni sull'Indice sono disponibili su www.solactive.com. Il Fondo non investe direttamente nel deposito a breve termine né vende opzioni put, bensì acquisisce queste esposizioni indirettamente tramite FDI. A causa delle commissioni e dei costi, la performance del Fondo in un qualsiasi giorno potrebbe essere inferiore a quella dell'Indice in quel giorno. 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. La classe di quote non versa dividendi.

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

  • Average tracking difference over the last 3 years: +0.09% p.a., against a declared TER of 0.24%.
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) · USD · from Jul 2020 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+64.5%
Annualised
+8.4%
Volatility (ann.)
7.0%
Max drawdown
-9.81%
-3%+15%+33%+51%+69%Jul 2020Jan 2022Aug 2023Feb 2025Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+64%Jul 2020Sept 2026
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.
0%-2%-4%-6%-8%-10%2020202120222023202420252026−9.81% · 08 Apr 2025
Max drawdown
-9.81%
peak → trough
Trough
08 Apr 2025
from the 20 Feb 2025 peak
Recovery time
77 days
recovery only: trough to break-even · ≈ 3 months
Underwater
124 days
decline + recovery: peak to break-even · ≈ 4 months · → recovered on 24 Jun 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
20 Feb 202508 Apr 2025-9.81%24 Jun 2025124
20 Apr 202230 Sept 2022-9.25%28 Apr 2023373
12 Jan 202227 Jan 2022-4.40%17 Mar 202264
31 Jul 202405 Aug 2024-2.98%13 Aug 202413
23 Oct 202028 Oct 2020-2.53%04 Nov 202012

Calendar-year returns

2020
7.6%
2021
10.8%
2022
-3.3%
2023
11.3%
2024
9.6%
2025
8.3%
2026
8.0%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.80.90.11.91.01.11.00.80.28.0
20251.10.5-1.9-0.11.41.30.81.00.91.31.10.88.3
20240.70.80.70.11.10.70.80.81.10.41.80.29.6
20231.60.41.80.91.11.00.80.6-0.61.11.40.711.3
2022-1.50.61.7-3.90.4-1.42.6-1.5-5.13.51.50.0-3.3
2021-0.21.62.20.50.80.80.50.8-0.92.3-0.32.210.8
20201.10.5-1.04.61.07.6
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.
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 2 of the last 5 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
+0.09% /anno
Declared TER
0.24%
YearFundIndexDifference
2025+8.34%+8.11%+0.23%
2024+9.59%+9.49%+0.09%
2023+11.27%+11.33%-0.06%
2022-3.28%-3.23%-0.05%
2021+10.75%+11.04%-0.29%
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 yearLast 3 yearsLast 5 yearsFull history
Volatility (ann.)6.21%9.24%10.41%9.92%
Max drawdown-2.65%-14.69%-14.69%-14.69%
Sharpe1.740.420.550.64
Sortino2.640.580.780.91
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.

Frequently asked questions

Which index does UBS US Equity Defensive Put Write SF UCITS ETF USD acc track?
The issuer UBS declares the benchmark: US Equity Defensive Put Write Index (TR).
How much does UBS US Equity Defensive Put Write SF UCITS ETF USD acc cost?
The issuer-declared TER is 0.24% per year; the transaction costs estimated in the KID are 0.00%.
When was UBS US Equity Defensive Put Write SF UCITS ETF USD acc launched?
The fund was launched on 8 July 2020: it has 6 years of history.
How does UBS US Equity Defensive Put Write SF UCITS ETF USD acc 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 US Equity Defensive Put Write SF UCITS ETF USD acc pay dividends?
Issuer-declared income policy: “No”.
What was UBS US Equity Defensive Put Write SF UCITS ETF USD acc's worst fall?
Over the available history (since 2020), the maximum drawdown was -9.81%, reached in April 2025. Past performance is not indicative of future results.
What is UBS US Equity Defensive Put Write SF UCITS ETF USD acc's tracking difference?
Over the last 3 complete calendar years the fund returned on average +0.09% 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.