36B5.DE vs. UETE.DE
36B5.DE (iShares MSCI EM SRI UCITS ETF USD Dist) and UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) are both Emerging Markets Equities funds - 36B5.DE tracks the MSCI Emerging Markets SRI Select Reduced Fossil Fuels while UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 5 years, 36B5.DE returned 4.30%/yr vs 9.62%/yr for UETE.DE. Their correlation of 0.91 suggests significant overlap in exposure. 36B5.DE charges 0.25%/yr vs 0.24%/yr for UETE.DE.
Performance
36B5.DE vs. UETE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36B5.DE achieves a 17.26% return, which is significantly lower than UETE.DE's 35.33% return.
36B5.DE
- 1D
- -0.62%
- 1M
- -0.97%
- YTD
- 17.26%
- 6M
- 18.55%
- 1Y
- 32.48%
- 3Y*
- 14.98%
- 5Y*
- 4.30%
- 10Y*
- —
UETE.DE
- 1D
- -0.29%
- 1M
- 2.07%
- YTD
- 35.33%
- 6M
- 37.80%
- 1Y
- 55.15%
- 3Y*
- 25.08%
- 5Y*
- 9.62%
- 10Y*
- —
36B5.DE vs. UETE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
36B5.DE iShares MSCI EM SRI UCITS ETF USD Dist | 17.26% | 16.78% | 11.32% | -2.07% | -12.59% | 7.13% | 6.76% | 12.49% |
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 35.33% | 21.01% | 16.13% | 2.59% | -15.04% | 7.14% | 5.67% | -5.92% |
Correlation
The correlation between 36B5.DE and UETE.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.91 |
The correlation between 36B5.DE and UETE.DE has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
36B5.DE vs. UETE.DE — Risk / Return Rank
36B5.DE
UETE.DE
36B5.DE vs. UETE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM SRI UCITS ETF USD Dist (36B5.DE) and UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 36B5.DE | UETE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.49 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 5.82 | -2.63 |
| Martin ratioReturn relative to average drawdown | 10.81 | 18.90 | -8.09 |
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Drawdowns
36B5.DE vs. UETE.DE - Drawdown Comparison
The maximum 36B5.DE drawdown since its inception was -36.38%, smaller than the maximum UETE.DE drawdown of -39.65%. Use the drawdown chart below to compare losses from any high point for 36B5.DE and UETE.DE.
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Drawdown Indicators
| 36B5.DE | UETE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.38% | -39.65% | +3.27% |
Max Drawdown (1Y)Largest decline over 1 year | -10.11% | -9.43% | -0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -20.58% | -20.18% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -25.13% | -23.78% | -1.35% |
Current DrawdownCurrent decline from peak | -5.01% | -4.98% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -10.08% | -11.50% | +1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.91% | +0.09% |
Volatility
36B5.DE vs. UETE.DE - Volatility Comparison
The current volatility for iShares MSCI EM SRI UCITS ETF USD Dist (36B5.DE) is 7.50%, while UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) has a volatility of 8.44%. This indicates that 36B5.DE experiences smaller price fluctuations and is considered to be less risky than UETE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36B5.DE | UETE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 8.44% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 15.24% | 17.29% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.89% | 19.99% | -2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 18.32% | -1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.81% | 21.08% | -1.27% |
36B5.DE vs. UETE.DE - Expense Ratio Comparison
36B5.DE has a 0.25% expense ratio, which is higher than UETE.DE's 0.24% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
36B5.DE vs. UETE.DE - Dividend Comparison
36B5.DE's dividend yield for the trailing twelve months is around 1.87%, while UETE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B5.DE iShares MSCI EM SRI UCITS ETF USD Dist | 1.87% | 2.09% | 2.34% | 2.32% | 2.32% | 1.84% | 1.56% | 2.31% |
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, 36B5.DE and UETE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, UETE.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETE.DE is cheaper with a 0.24% expense ratio, compared with 0.25% for 36B5.DE.
36B5.DE tracks MSCI Emerging Markets SRI Select Reduced Fossil Fuels, while UETE.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. They also come from different issuers: iShares and UBS. Their fees differ too: 0.25% for 36B5.DE and 0.24% for UETE.DE.
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