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UBS MSCI Australia UCITS ETF hUSD accIndex, costs, backtest, listings and taxation

ISIN: IE00BX7RS555Issuer: UBSCurrency hedging: USD-hedged share class

Issuer-declared data

Declared index

MSCI Australia 100% hedged to USD Total Return Net

TER

0.43%

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

30.86 USD

Domicile

Ireland

Inception date

30 September 2015

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 →

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Description

UBS MSCI Australia UCITS ETF hUSD acc tracks the issuer-declared index: MSCI Australia 100% hedged to USD Total Return Net. The declared annual cost (TER) is 0.43%, plus 0.00% in transaction costs estimated by the issuer in the KID. The fund was launched on 30 September 2015 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 Australia 100% hedged to USD Index (Net Return) (l'«Indice»).
Keep reading the KID section ▾
L'Indice è concepito per misurare la performance delle società a media e alta capitalizzazione quotate sui mercati in Australia.
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 0.43%: above the median of equity ETFs we track (0.22%).
Average tracking difference over the last 3 years: -0.47% p.a., against a declared TER of 0.43%.

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 Sept 2015 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

+180.6%

Annualised

+9.9%

Volatility (ann.)

14.7%

Max drawdown

-32.75%

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.

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

-32.75%

peak → trough

Trough

23 Mar 2020

from the 20 Feb 2020 peak

Recovery time

330 days

recovery only: trough to break-even · ≈ 11 months

Underwater

362 days

decline + recovery: peak to break-even · ≈ 12 months · → recovered on 16 Feb 2021

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
20 Feb 2020	23 Mar 2020	-32.75%	16 Feb 2021	362
21 Apr 2022	20 Jun 2022	-13.63%	24 Nov 2022	217
14 Feb 2025	07 Apr 2025	-13.21%	04 Jun 2025	110
20 Aug 2018	21 Dec 2018	-12.14%	01 Mar 2019	193
23 Oct 2015	12 Feb 2016	-11.64%	03 May 2016	193

Calendar-year returns

2016

10.3%

2017

9.7%

2018

-2.5%

2019

23.7%

2020

1.8%

2021

16.2%

2022

3.4%

2023

16.2%

2024

12.5%

2025

6.8%

2026

6.7%

Month-by-month returns

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	1.6	5.9	-6.1	2.0	0.9	0.7	3.1	0.3	-1.4				6.7
2025	4.3	-4.0	-3.4	4.0	3.7	1.6	1.9	2.1	-1.5	0.2	-3.6	1.8	6.8
2024	1.6	1.0	2.9	-3.3	1.3	1.6	3.9	0.5	3.0	-1.4	4.0	-3.0	12.5
2023	6.9	-2.2	0.2	1.6	-2.6	2.2	2.8	-0.3	-2.4	-3.2	5.2	7.7	16.2
2022	-5.7	2.8	7.6	-0.5	-2.0	-7.9	5.1	0.7	-5.3	5.8	7.5	-3.2	3.4
2021	0.6	1.7	2.3	3.5	3.0	1.6	0.8	2.0	-1.9	-0.0	-0.9	2.6	16.2
2020	5.0	-7.3	-19.8	8.2	3.2	3.1	0.3	2.4	-3.7	2.1	10.9	1.2	1.8
2019	3.7	5.9	0.7	2.1	2.3	4.0	2.5	-1.9	2.4	-0.3	2.9	-2.4	23.7
2018	-0.6	0.3	-4.0	4.0	1.2	3.5	1.6	1.0	-1.4	-5.6	-2.4	0.4	-2.5
2017	-0.7	2.4	3.3	1.2	-3.6	-0.3	0.2	0.4	-0.0	3.6	1.4	1.6	9.7
2016	-5.9	-2.0	4.8	3.5	2.5	-3.0	6.0	-1.6	0.5	-2.3	3.8	4.3	10.3
2015										4.1	-1.0	2.4	5.5

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 0 of the last 10 calendar years: a past observation, not an indication of future outperformance.

Average TD (last 3 years)

-0.47% /anno

Declared TER

0.43%

Year	Fund	Index	Difference
2025	+6.78%	+7.17%	-0.39%
2024	+12.45%	+12.89%	-0.44%
2023	+16.21%	+16.81%	-0.59%
2022	+3.42%	+3.90%	-0.48%
2021	+16.18%	+16.67%	-0.50%
2020	+1.76%	+2.19%	-0.42%
2019	+23.73%	+24.22%	-0.49%
2018	-2.47%	-2.10%	-0.37%
2017	+9.74%	+10.13%	-0.39%
2016	+10.31%	+10.71%	-0.40%

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	Last 3 years	Last 5 years	Last 10 years	Full history
Volatility (ann.)	11.94%	13.06%	13.22%	15.75%	16.04%
Max drawdown	-7.01%	-18.03%	-18.03%	-32.71%	-32.71%
Sharpe	0.33	0.44	0.54	0.59	0.58
Sortino	0.46	0.61	0.76	0.80	0.80

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.

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:

IE00BD4TY345(class: AUD dis)

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

IE00BXDZNQ90(class: hGBP 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 10 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
Tradegate Exchange	B0L0	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 MSCI Australia UCITS ETF hUSD acc track?

The issuer UBS declares the benchmark: MSCI Australia 100% hedged to USD Total Return Net.

How much does UBS MSCI Australia UCITS ETF hUSD acc cost?

The issuer-declared TER is 0.43% per year; the transaction costs estimated in the KID are 0.00%.

How is UBS MSCI Australia UCITS ETF hUSD 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 MSCI Australia UCITS ETF hUSD acc launched?

The fund was launched on 30 September 2015: it has 10 years of history.

How does UBS MSCI Australia UCITS ETF hUSD acc replicate its index?

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

Does UBS MSCI Australia UCITS ETF hUSD acc pay dividends?

Issuer-declared income policy: “No”.

What was UBS MSCI Australia UCITS ETF hUSD acc's worst fall?

Over the available history (since 2015), the maximum drawdown was -32.75%, reached in March 2020. Past performance is not indicative of future results.

What is UBS MSCI Australia UCITS ETF hUSD acc's tracking difference?

Over the last 3 complete calendar years the fund returned on average -0.47% 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.