UBS AG London Branch ELKS 1 (UCIB) Performance
UCIB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +33.9% since Dec 31, 2025
- 1 year
- +36.7% total return
- 5 years
- +12.5% a year
- 10 years
- +11.0% a year
- Since first price
- +9.5% a year since 2015
UCIB trailing returns vs SPY, QQQ, AGG
| Period | UCIB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.9% | −3.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.8% | −1.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +7.0% | +7.0% | +7.8% | +8.4% | −1.5% |
| YTD | +33.9% | +33.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +36.7% | +36.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +50.0%+14.5%/yr | +50.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +79.9%+12.5%/yr | +79.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +184.2%+11.0%/yr | +178.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionOct 9, 2015 | +172.1%+9.5%/yr | +166.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: UCIB vs SPY
From Oct 9, 2015: UCIB grew to $27,207, SPY to $45,153.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
UCIB returns by calendar year
9 of 10 full years positive. Best 2021 (+37.3%), worst 2023 (−2.3%). 2026 is year to date.
UCIB annual returns table
| Year | UCIB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +33.9% | −22.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +9.0% | −14.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +6.6% | −16.2% | +24.9% | +25.6% | +1.3% |
| 2023 | −2.3% | −11.1% | +26.2% | +54.9% | +5.7% |
| 2022 | +18.2% | −21.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +37.3% | −7.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +3.2% | −30.5% | +18.3% | +48.6% | +7.5% |
| 2019 | +0.3% | −10.6% | +31.2% | +39.0% | +8.5% |
| 2018 | +0.1% | −8.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +5.9% | −29.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +16.3% | −8.6% | +12.0% | +7.1% | +2.4% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
UCIB largest drawdowns
Now 6.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 18, 2018 | −35.6% | Apr 21, 2020 | Jan 13, 2021 | 1.8 years | 2.6 years |
| Jan 13, 2017 | −29.1% | Jul 19, 2017 | May 8, 2018 | 6 months | 1.3 years |
| May 12, 2026 | −22.7% | Jul 28, 2026 | not yet | 3 months | 5 months so far |
| Oct 9, 2015 | −21.5% | Jan 21, 2016 | Dec 7, 2016 | 3 months | 1.2 years |
| Mar 8, 2022 | −21.0% | Mar 15, 2022 | Apr 18, 2022 | 7 days | 41 days |
| Jun 9, 2022 | −19.8% | Jul 13, 2022 | Feb 12, 2025 | 34 days | 2.7 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
UCIB risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2015 |
|---|---|---|---|---|
| Annualized return | +14.2% | +13.5% | +11.1% | +10.1% |
| Volatility (annualized) | 12.2% | 13.9% | 14.7% | 14.9% |
| Sharpe ratio | 0.79 | 0.72 | 0.63 | 0.58 |
| Sortino ratio | 1.36 | 1.19 | 1.00 | 0.91 |
| Best month | +8.9% | +8.9% | +10.6% | +10.6% |
| Worst month | −5.9% | −8.9% | −16.0% | −16.0% |
| Best 12 months | +39.1% | +39.1% | +72.4% | +72.4% |
| Worst 12 months | −5.2% | −14.9% | −27.9% | −27.9% |
| Positive months | 67% | 63% | 55% | 53% |
| Beta vs S&P 500 | -0.03 | 0.21 | 0.35 | — |
| Correlation with S&P 500 | -0.03 | 0.24 | 0.36 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
UCIB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 121 | −27.9% | +6.5% | +72.4% | 74% |
| 3-year (a year) | 97 | −8.3% | +8.7% | +31.2% | 87% |
| 5-year (a year) | 73 | −0.2% | +11.7% | +19.4% | 99% |
| 10-year (a year) | 13 | +7.7% | +10.6% | +11.1% | 100% |
Every holding period starting at a month-end since 2015. Returns for 3 years and longer are annualized.
UCIB performance overview
UBS AG London Branch ELKS 1 (UCIB) returned +36.7% over the past year and +11.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2015 it has returned +9.5% a year, turning $10,000 into about $27,207. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −35.6%, from Jun 18, 2018 to Apr 21, 2020, and it took 9 months to get back to the old high. UCIB finished 9 of its 10 full calendar years with a gain; the best year was 2021 (+37.3%) and the worst 2023 (−2.3%). Volatility has been 14.9% a year.
Related: UCIB chart. See the UCIB overview for the latest quote and fund facts.
UCIB performance FAQ
What is the UCIB return over the past year?
UCIB returned +36.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 36.7%.
What is the average annual return of UCIB?
UCIB has returned +12.5% a year over 5 years, +11.0% a year over 10 years, +9.5% a year since October 9, 2015 (total return, distributions reinvested).
How much would $10,000 invested in UCIB be worth?
$10,000 invested in UCIB at its first recorded close on October 9, 2015 would be worth about $27,207 on October 23, 2026 with distributions reinvested.
What was the worst year for UCIB?
The worst calendar year was 2023, with a total return of −2.3%. The best was 2021 at +37.3%.
What is the biggest drawdown of UCIB?
The largest peak-to-trough decline was −35.6% between June 18, 2018 and April 21, 2020. It recovered to the old high on January 13, 2021, 9 months after the bottom.
How volatile is UCIB?
Over the past 3 years UCIB had an annualized volatility of 12.2% and a Sharpe ratio of 0.79 (excess return over 1–3 month T-bills per unit of risk).