Alternatives in the same category

SPDR FTSE UK All Share vs UBS Core MSCI EMU

SPDR FTSE UK All Share tracks FTSE All-Share and UBS Core MSCI EMU tracks MSCI EMU. They are realistic alternatives for the same slot in a portfolio, but because the indices are different nobody can tell you in advance which will return more. What can be compared objectively is the cost, the replication method, the domicile and how each one is structured — and that is what this page does.

What each one tracks

This is the underlying difference: they do not follow the same index, so their returns will diverge.

SPDR FTSE UK All Share

FTSE All-Share

UBS Core MSCI EMU

MSCI EMU

Comparison

	SPDR FTSE UK All Share	UBS Core MSCI EMU
Index	FTSE All-Share	MSCI EMU
TER	0.20%	0.18%
Hist. return*	~6%	~7%
Replication	Physical	Physical
Distribution	Distributing	Accumulating
Domicile	Irlanda	Luxemburgo
Currency	GBP	EUR
Risk	4/7	4/7
ISIN	IE00B7452L46	LU0950668870

What the fee gap actually costs

Applying the SAME 7% gross return to both and contributing €300/month, the only thing moving the result is the TER. This is not a return forecast: it is how much the fee weighs.

Horizon	SPDR FTSE UK All Share	UBS Core MSCI EMU	Difference
10 years	€51,649	€51,706	€58
20 years	€153,402	€153,776	€374
30 years	€353,865	€355,262	€1,397

UBS Core MSCI EMU is the cheaper of the two. Remember they track different indices: cost is one factor, not the verdict.

Nobody can know which will perform better: they track different indices and past performance is not a prediction. What is objective today is the cost, the replication, the domicile and the distribution policy.

SPDR

SPDR FTSE UK All Share

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UBS

UBS Core MSCI EMU

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Frequently asked questions

What is the difference between SPDR FTSE UK All Share and UBS Core MSCI EMU?+

They track different indices: SPDR FTSE UK All Share follows FTSE All-Share and UBS Core MSCI EMU follows MSCI EMU. They also differ in cost (0.20% vs 0.18% TER), replication (physical vs physical) and domicile (Irlanda vs Luxemburgo).

Which one will perform better?+

Nobody can know that: they track different indices, so their returns will diverge, and past index performance is not a prediction. What you can control today is the cost, the tax structure and whether the index actually covers what you want exposure to.

Which one is cheaper?+

UBS Core MSCI EMU has the lower annual fee. Applying the same 7% gross return to both with €300/month, that fee gap alone is worth about €374 after 20 years — that part is arithmetic, not a forecast.

Accumulating or distributing?+

UBS Core MSCI EMU is accumulating (dividends are reinvested inside the fund) and SPDR FTSE UK All Share is distributing (dividends are paid out to you). For long-term compounding in Spain, accumulating usually defers taxation; distributing gives you income you are taxed on each year.

Can I hold both?+

Yes. Unlike two funds tracking the identical index, these give you genuinely different exposure, so holding both is not automatically redundant — just be aware you may end up overlapping on the largest companies and doubling your rebalancing work.