ETF · UBS
UB23 UBS MSCI Canada UCITS ETF -CAD dis- Distribution
ISIN LU0446734872London Stock Exchange: UB23UBS Group AG
- Global shares
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£50.01
on
- Ongoing charge
- 0.39% a year
- Fund size
- £662m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, UB23 (UBS MSCI Canada UCITS ETF -CAD dis- Distribution, ISIN LU0446734872) closed at £50.01 on the London Stock Exchange. Its ongoing charge is 0.39% a year (about £39 on £10,000). Over the five years to 13/11/2026 its total return was +70.6%, or +33.2% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +16.9%
- +12.8% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +76.0%
- +59.0% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +70.6%
- +33.2% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,706 on 13/11/2026 — about £1,332 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK 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 +13.3%, 2025 +22.0%; 2026 to 13/11/2026 +12.7%. 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: +16.4%; to 30/09/2025: +21.9%; to 30/09/2024: +12.5%; to 30/09/2023: −1.7%; to 30/09/2022: +5.0%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +12.7% | +9.1% | |
| to | +22.0% | +17.8% | |
| to | +13.3% | +9.4% | |
| +5.7% | +1.5% | ||
| −3.7% | −11.8% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +16.4% | +12.3% |
| from | +21.9% | +17.2% |
| from | +12.5% | +9.6% |
| from | −1.7% | −7.6% |
| from | +5.0% | −3.5% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
13.3%over 5 years
| 1 year | 10.7% |
|---|---|
| 3 years | 11.1% |
| 5 years | 13.3% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 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 November 2021
- 1.2%
- High of , latest
In words: Volatility of UBS MSCI Canada UCITS ETF -CAD dis- Distribution in pounds, annualised from weekly returns to 13/11/2026: 10.7% over 1 year, 11.1% over 3 years, 13.3% over 5 years. Largest fall in the price of UBS MSCI Canada UCITS ETF -CAD dis- Distribution since November 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 13/11/2026 the price of UBS MSCI Canada UCITS ETF -CAD dis- Distribution was 1.2% below its highest weekly close since November 2021 (04/09/2026), in pounds.
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
- 161 charge less
- 3 the same
- 43 charge more
Ongoing charge of UBS MSCI Canada UCITS ETF -CAD dis- Distribution 0.39% a year. Compared on 14/11/2026, 43 of the 207 other global share funds charge more, 3 the same and 161 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
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.
Global shares: Thousands of companies across many countries, held in one fund — the broadest way to own the stock market.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- UB23
- ISIN
- LU0446734872
- Also listed as
- UIM9 (Xetra, euros)
- 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
- £662m
- Launched
- Domicile
- Luxembourg
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Global shares
Price chart
Over the last year, the closing price went from £42.42 on 14/11/2025 to £50.01 on 13/11/2026 (+17.9%). The lowest close shown was £42.07 on 21/11/2025 and the highest £50.62 on 04/09/2026.
One close a week. Before 30/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with 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
4 funds track MSCI Canada Index - CAD, this one included and share classes counted once; their ongoing charges range from 0.35% to 0.48% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| HSBC MSCI Canada UCITS ETFDistributing · 0.35% a year | 0.35% | +19.2% | +77.2% | +71.1% |
| iShares MSCI Canada UCITS ETFAccumulating · 0.48% a year | 0.48% | +19.0% | +76.4% | +69.1% |
| UBS MSCI Canada UCITS ETF -CAD dis- DistributionThis fundDistributing · 0.39% a year | 0.39% | +16.9% | +76.0% | +70.6% |
| UBS MSCI Canada UCITS ETF-CAD acc- CapitalisationAccumulating · 0.39% a year | 0.39% | +17.4% | +72.5% | +71.0% |
As of
MSCI Canada funds compared: charges, sizes and share classes
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 254 rolling 12-month returns since January 2021, and of 150 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 November 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.
Rank among similar funds
Rank by total return over 1, 3 and 5 years among up to 132 global share funds, not currency-hedged, highest first.
ProMoves 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 13/11/2026 (154 weeks).
Pro
Pro — currently by invitation
Pro includes the rank among similar funds and 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. Compared on 14/11/2026, 43 of the 207 other global share funds charge more, 3 the same and 161 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. The same share class is also listed as UIM9 (Xetra, euros).
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 +13.3%, 2025 +22.0%; 2026 to 13/11/2026 +12.7%. Past performance is not a guide to future returns.
How has UB23 done after inflation?
Over the five years to 13/11/2026 UB23’s total return was +70.6%, or +33.2% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
Methodology:ReturnsCategoriesAll methods
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