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UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (UEFE.DE) Diversifiers

ETF · Currency in EUR · Last updated Jun 5, 2026

UEFE.DE is a passive ETF by UBS tracking the investment results of the JP Morgan Emerging Markets Multi-Factor Enhanced Local Currency Bond. UEFE.DE launched on Sep 5, 2018 and has a 0.40% expense ratio.

Looking to diversify beyond UEFE.DE? The ETFs below have the lowest correlation with UEFE.DE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from UEFE.DE.

Best Diversifiers for UEFE.DE

5 ETFs have low correlation with UEFE.DE (below 0.3), 1 of which are negatively correlated. The least correlated is UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ETF (EUR Hedged) Acc (BCFE.DE) (Commodities) with a 1Y correlation of -0.07, roughly unchanged from 0.02 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
BCFE.DE
UBS ETFs (IE) Bloomberg Commodity CMCI SF UCITS ET...-0.070.010.02
69
CommoditiesUEFE.DE vs BCFE.DE
SEAD.DE
UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1...0.140.210.18
54
Emerging Markets BondsUEFE.DE vs SEAD.DE
SEAB.DE
UBS ETF (LU) J.P. Morgan USD EM Diversified Bond 1...0.150.200.17
72
Emerging Markets BondsUEFE.DE vs SEAB.DE
FRCK.DE
UBS ETF (LU) Bloomberg USD Emerging Markets Sovere...0.190.240.22
61
Emerging Markets BondsUEFE.DE vs FRCK.DE
XUEE.DE
Xtrackers II USD Emerging Markets Bond UCITS ETF E...0.200.26—
50
Emerging Markets BondsUEFE.DE vs XUEE.DE
See all 17 diversifiers for UEFE.DE

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Diversification Analysis

Build a portfolio that complements UEFE.DE

Add UEFE.DE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with UEFE.DE