# UBS MSCI Canada UCITS ETF -CAD dis- Distribution (UB23) **Source:** https://fundology.uk/fund/ub23 · ISIN LU0446734872 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. 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. ## Summary 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. Latest close: **£48.58** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | UB23 | | ISIN | LU0446734872 | | Category | Other | | Type | ETF | | Provider | UBS | | Tracks | MSCI Canada Index - CAD | | Income | Distributing | | Ongoing charge | 0.39% a year (£39 per £10,000) | | Fund size | £502m | | Launched | 2009 | | Domicile | Luxembourg | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +20.19% | +16.42% | income reinvested | | 3 years | +72.16% | +55.35% | income reinvested | | 5 years | +83.17% | +43.19% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year 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 CPIH inflation | Measured as | |---|---|---|---| | 2022 | -3.7% | -11.8% | Price | | 2023 | +5.7% | +1.5% | Price | | 2024 | +11.1% | +7.3% | Price | | 2025 | +25.5% | +21.2% | Price | | 2026 to 30/09/2026 | +8.5% | +5.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 11.20% | -6.66% | | 3 years | 11.73% | -12.42% | | 5 years | 13.35% | -15.72% | ## Largest fall 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. ## Charges compared with similar funds 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). ## 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 | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | UBS MSCI Canada UCITS ETF -CAD dis- Distribution (this fund) | 0.39% | +20.2% | +72.2% | +83.2% | | UBS MSCI Canada UCITS ETF-CAD acc- Capitalisation | 0.39% | +19.8% | +72.2% | +81.3% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.39%** per year - ISA eligible: yes - SIPP eligible: yes --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.