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Description
UBS MSCI ACWI SF UCITS ETF hUSD Ukdis 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. The fund was launched on 24 September 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 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. 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. The exchange rate risk of the share class currency is to a large extent hedged against the currency of the fund.
Keep reading the KID section ▾
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 · 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: -0.07% p.a., against a declared TER of 0.21%.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.
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
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+282.8%
Annualised
+13.1%
Volatility (ann.)
14.0%
Max drawdown
-32.41%
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
-32.41%
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
-22.79%
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
01 Dec 2015
11 Feb 2016
-15.00%
14 Jul 2016
226
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
20.4%
2026
14.2%
Month-by-month returns
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
-0.5
14.2
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
20.4
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
7.8
0.2
-2.2
5.7
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.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
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 9 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.07% /anno
Declared TER
0.21%
Year
Fund
Index
Difference
2025
+20.35%
+20.46%
-0.11%
2024
+20.31%
+20.33%
-0.02%
2023
+22.59%
+22.66%
-0.07%
2022
-16.01%
-15.93%
-0.08%
2021
+20.57%
+20.72%
-0.15%
2020
+14.66%
+14.83%
-0.17%
2019
+27.10%
+27.27%
-0.17%
2018
-7.86%
-7.55%
-0.32%
2017
+20.51%
+21.04%
-0.53%
Fund return with dividends reinvested by Rebalix on each ex-date (the issuer does not publish a total-return series); 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? →
Risk indicators· EUR
Last year
Last 3 years
Last 5 years
Last 10 years
Full history
Volatility (ann.)
10.40%
12.75%
14.07%
15.03%
15.11%
Max drawdown
-6.51%
-20.44%
-20.44%
-32.30%
-32.30%
Sharpe
1.75
0.95
0.58
0.66
0.67
Sortino
2.57
1.30
0.82
0.91
0.92
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.
Dividends
Latest dividend
1.9825 USD
ex 13 Aug 2026
Dividends, last 12 months
4.11 USD
Dividend yield
1.32%
12-month sum over the NAV as of 2 Sept 2026
Yield by year
Period
Dividends
Dividend yield
1 year
4.11 USD
1.60 %
2025
4.55 USD
1.94 %
2024
3.54 USD
1.79 %
2023
3.93 USD
2.38 %
2022
3.34 USD
1.67 %
2021
2.76 USD
1.64 %
Dividend contribution to total return
dividendsprice changeprice decline
Calendar per share (USD)
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2026
2.13
1.98
2025
1.84
2.71
2024
1.87
1.67
2023
1.86
2.07
2022
1.62
1.72
2021
1.60
1.16
2020
1.76
0.84
2019
1.49
0.93
2018
0.82
2.26
2017
0.69
2.00
2016
0.74
1.36
Latest dividends
Per share
Ex-dividend date
Payment
1.9825 USD
13 Aug 2026
not published by the issuer
2.1287 USD
9 Feb 2026
not published by the issuer
2.7059 USD
28 Jul 2025
not published by the issuer
1.8417 USD
3 Feb 2025
not published by the issuer
1.6668 USD
2 Aug 2024
not published by the issuer
1.8716 USD
1 Feb 2024
not published by the issuer
2.0713 USD
31 Jul 2023
not published by the issuer
1.8625 USD
1 Feb 2023
not published by the issuer
Per-share dividends as declared by the issuer, in USD, since the first payment (29 Jan 2016). Past dividends are not indicative of future ones.
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 by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.
Frequently asked questions
Which index does UBS MSCI ACWI SF UCITS ETF hUSD Ukdis 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 Ukdis cost?
The issuer-declared TER is 0.21% per year; the transaction costs estimated in the KID are 0.00%.
When was UBS MSCI ACWI SF UCITS ETF hUSD Ukdis launched?
The fund was launched on 24 September 2015: it has 10 years of history.
How does UBS MSCI ACWI SF UCITS ETF hUSD 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 hUSD Ukdis pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Yes”).
What was UBS MSCI ACWI SF UCITS ETF hUSD Ukdis's worst fall?
Over the available history (since 2015), the maximum drawdown was -32.70%, reached in March 2020. Past performance is not indicative of future results.
What is UBS MSCI ACWI SF UCITS ETF hUSD Ukdis's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.07% 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.