ETF · UBS
UB23 UBS MSCI Canada UCITS ETF -CAD dis- Distribution
ISIN LU0446734872London Stock Exchange: UB23UBS Group AG
Latest close
LSE£48.58
on
- Ongoing charge
- 0.39% a year
- Fund size
- £502m
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, UB23 (UBS MSCI Canada UCITS ETF -CAD dis- Distribution, ISIN LU0446734872) closed at £48.58 on the London Stock Exchange. Its ongoing charge is 0.39% a year (about £39 on £10,000). Over the five years to 30/09/2026 its total return was +83.2%, or +43.2% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- +20.2%
- +16.4% after inflation (UK CPIH)
- 3 years to 30/09/2026
- +72.2%
- +55.4% after inflation (UK CPIH)
- 5 years to 30/09/2026
- +83.2%
- +43.2% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,832 on 30/09/2026 — about £1,432 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of UBS MSCI Canada UCITS ETF -CAD dis- Distribution in pounds (price only, income paid out not included): 2022 −3.7%, 2023 +5.7%, 2024 +11.1%, 2025 +25.5%; 2026 to 30/09/2026 +8.5%. Returns of UBS MSCI Canada UCITS ETF -CAD dis- Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +18.2%; to 30/09/2025: +20.0%; to 30/09/2024: +12.5%; to 30/09/2023: −1.7%; to 30/09/2022: +4.6%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +8.5% | +5.5% | |
| +25.5% | +21.2% | ||
| +11.1% | +7.3% | ||
| +5.7% | +1.5% | ||
| −3.7% | −11.8% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +18.2% | Not available |
| from | +20.0% | +15.4% |
| from | +12.5% | +9.6% |
| from | −1.7% | −7.6% |
| from | +4.6% | −3.8% |
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
13.4%over 5 years
| 1 year | 11.2% |
|---|---|
| 3 years | 11.7% |
| 5 years | 13.4% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since October 2021
- −15.7%
- From to
- Lowest 12-month return
- −13.0%
- 12 months to
- Highest 12-month return
- +40.1%
- 12 months to
- Below its highest weekly close since October 2021
- 4.0%
- High of , latest
In words: Volatility of UBS MSCI Canada UCITS ETF -CAD dis- Distribution in pounds, annualised from weekly returns to 30/09/2026: 11.2% over 1 year, 11.7% over 3 years, 13.4% over 5 years. Largest fall in the price of UBS MSCI Canada UCITS ETF -CAD dis- Distribution since October 2021, in pounds: −15.7% from 01/04/2022 to 27/10/2023. The lowest 12-month return of UBS MSCI Canada UCITS ETF -CAD dis- Distribution in pounds (price only, income paid out not included) since January 2021 was −13.0% (12 months to 24/03/2023); the highest was +40.1% (12 months to 10/04/2026). On 30/09/2026 the price of UBS MSCI Canada UCITS ETF -CAD dis- Distribution was 4.0% below its highest weekly close since October 2021 (04/09/2026), in pounds.
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.39%
- a year
- On £10,000
- £39
- a year, roughly
- Over five years
- £193
- of £10,000, before growth
- 8 charge less
- 1 the same
- 55 charge more
Ongoing charge of UBS MSCI Canada UCITS ETF -CAD dis- Distribution 0.39% a year, as of 01/10/2026: 55 of the 64 other other funds charge more, 1 the same and 8 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
UBS MSCI Canada UCITS ETF -CAD dis- Distribution is an exchange-traded fund (ETF) from UBS, launched in 2009.
It tracks the MSCI Canada Index - CAD.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.39% a year — about £39 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is paid out to holders as cash, usually a few times a year.
Other: Alternatives, currencies and funds that do not fit the groups above.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- UB23
- ISIN
- LU0446734872
- Provider
- UBS
- Tracks
- MSCI Canada Index - CAD
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid semi-annual
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.39% a year · about £39 on £10,000
- Fund size
- £502m
- Launched
- Domicile
- Luxembourg
- Can be held in
- ISA and SIPP
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Other
Price chart
Since 30/07/2026, the closing price went from £48.94 on 30/07/2026 to £48.58 on 30/09/2026 (−0.7%). The lowest close shown was £48.58 on 30/09/2026 and the highest £50.62 on 04/09/2026.
Chart: closing prices we have recorded since 30/07/2026. Price only — income paid out is not included, so the line can end below the total return above.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
10 weekly closes, from 30/07/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
Funds tracking the same index
2 funds track MSCI Canada Index - CAD, this one included and share classes counted once; their ongoing charges range from 0.39% to 0.39% a year (30/09/2026).
| Fund | 1 year | 5 years |
|---|---|---|
| UBS MSCI Canada UCITS ETF -CAD dis- DistributionThis fundDistributing · 0.39% a year | +20.2% | +83.2% |
| UBS MSCI Canada UCITS ETF-CAD acc- CapitalisationAccumulating · 0.39% a year | +19.8% | +81.3% |
Source: TradingView reported returns and fund ongoing charges, as of
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 248 rolling 12-month returns since January 2021, and of 144 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since October 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI World UCITS ETF, over the three years to 30/09/2026 (151 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of UB23?
The ongoing charge of UB23 is 0.39% a year — about £39 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of UBS MSCI Canada UCITS ETF -CAD dis- Distribution 0.39% a year, as of 01/10/2026: 55 of the 64 other other funds charge more, 1 the same and 8 less (share classes counted once).
What does UB23 track?
UB23 tracks the MSCI Canada Index - CAD.
Is UB23 accumulating or distributing?
UB23 is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual.
What is the ISIN of UB23?
The ISIN of UB23 is LU0446734872. An ISIN identifies one exact share class of a fund; UB23 is its ticker on the London Stock Exchange.
What were UB23’s returns in each of the last five years?
Calendar-year returns of UB23 in pounds (price only, income paid out not included): 2022 −3.7%, 2023 +5.7%, 2024 +11.1%, 2025 +25.5%; 2026 to 30/09/2026 +8.5%. Past performance is not a guide to future returns.
How has UB23 done after inflation?
Over the five years to 30/09/2026 UB23’s total return was +83.2%, or +43.2% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- CSCAiShares MSCI Canada UCITS ETF0.48% a year · £1.3bn
- GERDL&G Gerd Kommer Multifactor Equity UCITS ETF AccumUSD0.45% a year · £938m
- 0G28XACT OMXS30 ESG UCITS ETF Accum Units SEK0.10% a year · £910m
- XCADXtrackers MSCI Canada Screened UCITS ETF -1C- Capitalisation0.35% a year · £803m
- HWWAHSBC Multi Factor Worldwide Equity UCITS ETF0.45% a year · £682m
- CANAUBS MSCI Canada UCITS ETF-CAD acc- Capitalisation0.39% a year · £438m
- GEPLloyd Growth Equity UCITS ETF AccumUSD0.87% a year · £220m
- FEPLloyd Focused Equity Ucits ETF AccumUSD0.88% a year · £169m
Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Calendar years, risk
- Fundology, from recorded closes (weekly history from the data vendor where our record is short)
- Inflation
- ONS CPIH, latest month used August 2026
- Charges
- The fund’s ongoing charges figure, via TradingView
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.