We discuss relations and differences between two methods for the construction of unitarily transformed effective interactions, the Similarity Renormalization Group (SRG) and Unitary Correlation Operator Method (UCOM). The aim of both methods is to co
nstruct a soft phase-shift equivalent effective interaction which is well suited for many-body calculations in limited model spaces. After contrasting the two conceptual frameworks, we establish a formal connection between the initial SRG-generator and the static generators of the UCOM transformation. Furthermore we propose a mapping procedure to extract UCOM correlation functions from the SRG evolution. We compare the effective interactions resulting from the UCOM-transformation and the SRG-evolution on the level of matrix elements, in no-core shell model calculations of light nuclei, and in Hartree-Fock calculations up to 208-Pb. Both interactions exhibit very similar convergence properties in light nuclei but show a different systematic behavior as function of particle number.
