ETF sheet · Issuer-declared data

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

ISIN: IE00BYM11J43Issuer: UBSCurrency hedging: USD-hedged share class

Equity tracking the MSCI ACWI with Developed Markets 100% hedged to USD Index, synthetic (swap) replication, accumulating. Share class in US dollars (USD), currency-hedged.

0.21% + 0.00%

TER + KID transaction costs ✓ declared by the issuer

−0.07 pt /year

average tracking difference 2023–2025 · year by year ↓ ≈ computed by Rebalix

Every figure carries its provenance: ✓ declared by the issuer in its documents · ≈ computed by Rebalix on the declared data.

Fund

Name

UBS MSCI ACWI SF UCITS ETF hUSD acc

Declared index

MSCI ACWI with Developed Markets 100% hedged to USD Index

Management

Passive (index-tracking) (from the KID)

Replication

Synthetic (swap)

Domicile

Ireland

Share class · this page

ISIN

IE00BYM11J43

Share-class currency

US dollars (USD) · currency-hedged

TER

0.21% (period and nature not declared by the source)

Transaction costs

0.00% (issuer estimate, from the KID)

Income policy

Accumulating

NAV

345.88 USD

Share-class launch

11 August 2015

Data as declared by UBS in the issuer’s official files and endpoints · collected on 17 October 2026 (monthly refresh). Facts only, no recommendation.

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OverviewIn this sectionQuick reads Fund objective

Quick reads

Average tracking difference over the last 3 years-0.07% 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 hUSD acc tracks the issuer-declared index: MSCI ACWI with Developed Markets 100% hedged to USD Index. The declared annual cost (TER) is 0.21%, plus 0.00% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund was launched on 11 August 2015 and is domiciled in Ireland. In our registry 2 other ETFs declare the same index.

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

L'obiettivo del Fondo è l'apprezzamento del capitale. Il Fondo replica la performance giornaliera di un indice azionario, denominato SCI ACWI Net Total Return Index (l'"Indice"), al netto delle commissioni e dei costi, di conseguenza è gestito passivamente.
Keep reading the KID section ▾
Il Fondo investe in strumenti finanziari derivati ("SFD") con UBS AG, Succursale di Londra ("UBS") quale controparte. Il Fondo può inoltre investire in titoli (ad esempio azioni societarie e obbligazioni emesse da società e governi). In base ai termini degli SFD, la performance dell'Indice viene scambiata da UBS a fronte della performance dei titoli, pertanto la performance del Fondo riflette la performance dell'Indice e non risente della performance dei titoli. L'Indice è un benchmark per la performance azionaria di società di tutto il mondo. È ben diversificato e tra le sue componenti figurano società a grande e media capitalizzazione in Paesi dei mercati sviluppati ed emergenti di tutto il mondo.
Ulteriori informazioni sull'Indice sono disponibili all'indirizzo www.msci.com. A causa delle commissioni e dei costi, la performance del Fondo in un qualsiasi giorno sarà sempre 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. 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 · 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.

Open the history →

Italian taxation

Ordinary rate on income and gains: 26%
Share of tax-favoured government bonds: 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.

Deep-dive into this fund’s taxation →

PerformanceIn this sectionChart Backtest Tracking difference

Fund performance

issuer-declared net asset value (NAV) · USD (loading exchange rates) · from Aug 2015 to Oct 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

+244.3%

Annualised

+11.7%

Volatility (ann.)

14.1%

Max drawdown

-32.41%

11 Aug 2015 → 16 Oct 202611 years and 2 months · +244.3%

Accumulating class: income is reinvested inside the fund and already reflected in the NAV; no distribution is left out of the chart.

Calculations on the NAV: issuer total-return series not available.

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. NAV and exchange prices can differ, so comparison sites using the price may show different returns and volatility: any specific gap can only be judged by comparing the series, dates and method used. 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

-32.41%

peak → trough

Trough

23 Mar 2020

from the 19 Feb 2020 peak

Recovery time

156 days

recovery only: trough to break-even · ≈ 5 months

Underwater

189 days

decline + recovery: peak to break-even · ≈ 6 months · → recovered on 26 Aug 2020

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
19 Feb 2020	23 Mar 2020	-32.41%	26 Aug 2020	189
04 Jan 2022	12 Oct 2022	-22.78%	13 Dec 2023	708
18 Feb 2025	08 Apr 2025	-16.56%	10 Jun 2025	112
26 Jan 2018	24 Dec 2018	-16.52%	12 Apr 2019	441
11 Aug 2015	11 Feb 2016	-16.18%	08 Aug 2016	363

Calendar-year returns

2016

9.1%

2017

20.5%

2018

-7.9%

2019

27.1%

2020

14.7%

2021

20.6%

2022

-16.0%

2023

22.6%

2024

20.3%

2025

20.3%

2026

13.5%

2015: the share class was launched on 11 August 2015; the return runs from launch to 31 December 2015 and is not a full year.

Month-by-month returns

2026Year 13.5%

Jan

2.5

Feb

1.5

Mar

-6.5

Apr

9.6

May

5.4

Jun

-0.2

Jul

-0.2

Aug

2.5

Sept

-0.7

Oct

-0.4

Nov

Dec

2025Year 20.3%

Jan

3.3

Feb

-0.8

Mar

-4.4

Apr

-0.2

May

5.8

Jun

4.1

Jul

2.1

Aug

2.0

Sept

3.7

Oct

2.8

Nov

-0.0

Dec

0.8

2024Year 20.3%

Jan

1.1

Feb

4.7

Mar

3.3

Apr

-2.8

May

3.8

Jun

2.5

Jul

1.2

Aug

1.9

Sept

2.1

Oct

-1.2

Nov

4.0

Dec

-1.7

2023Year 22.6%

Jan

6.7

Feb

-2.1

Mar

2.6

Apr

1.4

May

-0.3

Jun

5.5

Jul

3.3

Aug

-2.2

Sept

-3.5

Oct

-2.7

Nov

8.4

Dec

4.2

2022Year -16.0%

Jan

-4.6

Feb

-2.7

Mar

2.5

Apr

-6.7

May

-0.1

Jun

-7.6

Jul

7.0

Aug

-3.0

Sept

-8.6

Oct

6.0

Nov

6.7

Dec

-4.6

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	2.5	1.5	-6.5	9.6	5.4	-0.2	-0.2	2.5	-0.7	-0.4			13.5
2025	3.3	-0.8	-4.4	-0.2	5.8	4.1	2.1	2.0	3.7	2.8	-0.0	0.8	20.3
2024	1.1	4.7	3.3	-2.8	3.8	2.5	1.2	1.9	2.1	-1.2	4.0	-1.7	20.3
2023	6.7	-2.1	2.6	1.4	-0.3	5.5	3.3	-2.2	-3.5	-2.7	8.4	4.2	22.6
2022	-4.6	-2.7	2.5	-6.7	-0.1	-7.6	7.0	-3.0	-8.6	6.0	6.7	-4.6	-16.0
2021	-0.3	2.4	3.4	3.9	1.2	2.0	0.6	2.7	-3.7	5.0	-1.8	3.8	20.6
2020	-0.8	-7.7	-13.0	10.4	4.3	2.9	4.1	5.8	-2.7	-2.4	11.7	4.0	14.7
2019	7.5	3.0	1.6	3.6	-5.8	6.0	0.9	-2.2	2.3	2.2	2.8	2.9	27.1
2018	4.3	-3.6	-2.3	1.7	0.7	-0.2	3.1	0.9	0.6	-6.9	1.5	-7.2	-7.9
2017	1.7	3.1	1.1	1.3	1.7	0.1	2.0	0.4	2.0	2.6	1.4	1.4	20.5
2016	-5.5	-1.4	6.1	0.8	1.2	-0.8	4.2	0.6	0.3	-0.5	1.7	2.5	9.1
2015									-3.5	7.8	0.2	-2.2	-4.4(since launch)

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.

Method and sources

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

Average annual TD, 2023–2025

-0.07 pt /year

Declared TER

0.21%

Year	Fund	Index	Difference (pt)
2025	+20.34%	+20.46%	-0.12 pt
2024	+20.30%	+20.33%	-0.03 pt
2023	+22.60%	+22.66%	-0.06 pt
2022	-16.01%	-15.93%	-0.08 pt
2021	+20.59%	+20.72%	-0.13 pt
2020	+14.67%	+14.83%	-0.16 pt
2019	+27.11%	+27.27%	-0.16 pt
2018	-7.86%	-7.55%	-0.31 pt
2017	+20.51%	+21.04%	-0.53 pt
2016	+9.09%	+9.54%	-0.45 pt

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? →

RiskIn this sectionRisk

Risk indicators· EUR

Last year

Volatility (ann.)10.40%

Max drawdown-6.20%

Sharpe1.67

Sortino2.48

Last 3 years

Volatility (ann.)12.73%

Max drawdown-20.44%

Sharpe1.15

Sortino1.60

Last 5 years

Volatility (ann.)13.98%

Max drawdown-20.44%

Sharpe0.72

Sortino1.02

Last 10 years

Volatility (ann.)14.96%

Max drawdown-32.30%

Sharpe0.80

Sortino1.10

Full history

Volatility (ann.)15.29%

Max drawdown-32.30%

Sharpe0.71

Sortino0.98

	Last year	Last 3 years	Last 5 years	Last 10 years	Full history
Volatility (ann.)	10.40%	12.73%	13.98%	14.96%	15.29%
Max drawdown	-6.20%	-20.44%	-20.44%	-32.30%	-32.30%
Sharpe	1.67	1.15	0.72	0.80	0.71
Sortino	2.48	1.60	1.02	1.10	0.98

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.

StructureIn this sectionSame index Exchanges

ETFs declaring the same index

Fund	TER	Income	Fund size
State Street® SPDR® MSCI All Country World USD Hdg UCITS ETF (Acc)compare ⇄ SPDRnot on Borsa Italiana	0.17%	Acc.	20 mld EUR
UBS MSCI ACWI SF UCITS ETF hUSD Ukdis compare ⇄ UBSnot on Borsa Italiana	0.21%	Dist.	—

3 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

Exchange	Ticker	Exchange source	Registered since
Tradegate Exchange	UIQZfrom 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.

DocumentsIn this sectionDocuments FAQ

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.

Frequently asked questions

Which index does UBS MSCI ACWI SF UCITS ETF hUSD acc track?

The issuer UBS declares the benchmark: MSCI ACWI with Developed Markets 100% hedged to USD Index.

How much does UBS MSCI ACWI SF UCITS ETF hUSD acc 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 hUSD acc launched?

The fund was launched on 11 August 2015: it has 11 years of history.

How does UBS MSCI ACWI SF UCITS ETF hUSD 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 MSCI ACWI SF UCITS ETF hUSD acc pay dividends?

No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).

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

Over the available history (since 2015), the maximum drawdown was -32.41%, reached in March 2020. Past performance is not indicative of future results.

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

Over the three most recent complete calendar years (2023–2025) the fund returned on average -0.07 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.

Do you represent the issuer? Report a correction or an update