AASG.L vs. UIMA.DE
AASG.L (Amundi MSCI Emerging Markets Asia UCITS ETF USD) and UIMA.DE (UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis) are both exchange-traded funds - AASG.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Ex Japan NR USD, while UIMA.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 10 years, AASG.L returned 12.11%/yr vs 10.23%/yr for UIMA.DE. A 0.58 correlation means they provide meaningful diversification when combined. AASG.L charges 0.20%/yr vs 0.10%/yr for UIMA.DE.
Performance
AASG.L vs. UIMA.DE - Performance Comparison
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Different Trading Currencies
AASG.L is traded in GBp, while UIMA.DE is traded in EUR. To make them comparable, the UIMA.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, AASG.L achieves a 30.49% return, which is significantly higher than UIMA.DE's 6.79% return. Over the past 10 years, AASG.L has outperformed UIMA.DE with an annualized return of 12.11%, while UIMA.DE has yielded a comparatively lower 10.23% annualized return.
AASG.L
- 1D
- -1.81%
- 1M
- 8.00%
- YTD
- 30.49%
- 6M
- 33.01%
- 1Y
- 59.28%
- 3Y*
- 22.95%
- 5Y*
- 8.98%
- 10Y*
- 12.11%
UIMA.DE
- 1D
- 0.74%
- 1M
- 3.66%
- YTD
- 6.79%
- 6M
- 8.93%
- 1Y
- 19.68%
- 3Y*
- 13.99%
- 5Y*
- 10.18%
- 10Y*
- 10.23%
AASG.L vs. UIMA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AASG.L Amundi MSCI Emerging Markets Asia UCITS ETF USD | 30.49% | 23.83% | 14.04% | 0.69% | -11.51% | -4.50% | 24.04% | 14.10% | -10.84% | 30.20% |
UIMA.DE UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis | 6.79% | 26.93% | 3.64% | 13.23% | -4.30% | 16.12% | 2.16% | 20.96% | -9.77% | 15.76% |
Correlation
The correlation between AASG.L and UIMA.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.58 |
The correlation between AASG.L and UIMA.DE shifts across timeframes, from 0.42 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AASG.L vs. UIMA.DE — Risk / Return Rank
AASG.L
UIMA.DE
AASG.L vs. UIMA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging Markets Asia UCITS ETF USD (AASG.L) and UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UIMA.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.
| AASG.L | UIMA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.29 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 5.15 | 1.89 | +3.26 |
| Martin ratioReturn relative to average drawdown | 17.77 | 6.87 | +10.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AASG.L | UIMA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.22 | 1.59 | +1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.72 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.67 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.47 | +0.21 |
Drawdowns
AASG.L vs. UIMA.DE - Drawdown Comparison
The maximum AASG.L drawdown since its inception was -34.12%, which is greater than UIMA.DE's maximum drawdown of -27.92%. Use the drawdown chart below to compare losses from any high point for AASG.L and UIMA.DE.
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Drawdown Indicators
| AASG.L | UIMA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -27.92% | -6.20% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -10.38% | -1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -17.56% | -13.67% | -3.89% |
Max Drawdown (5Y)Largest decline over 5 years | -28.57% | -15.98% | -12.59% |
Max Drawdown (10Y)Largest decline over 10 years | -34.12% | -27.92% | -6.20% |
Current DrawdownCurrent decline from peak | -2.74% | -1.15% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -11.02% | -5.36% | -5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.86% | +0.47% |
Volatility
AASG.L vs. UIMA.DE - Volatility Comparison
Amundi MSCI Emerging Markets Asia UCITS ETF USD (AASG.L) has a higher volatility of 8.29% compared to UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UIMA.DE) at 4.05%. This indicates that AASG.L's price experiences larger fluctuations and is considered to be riskier than UIMA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AASG.L | UIMA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 4.05% | +4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 15.55% | 10.43% | +5.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.34% | 12.34% | +6.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.70% | 14.05% | +3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.56% | 15.15% | +3.41% |
AASG.L vs. UIMA.DE - Expense Ratio Comparison
AASG.L has a 0.20% expense ratio, which is higher than UIMA.DE's 0.10% 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
AASG.L vs. UIMA.DE - Dividend Comparison
AASG.L has not paid dividends to shareholders, while UIMA.DE's dividend yield for the trailing twelve months is around 3.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AASG.L Amundi MSCI Emerging Markets Asia UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UIMA.DE UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis | 3.16% | 2.48% | 2.67% | 2.74% | 2.91% | 2.02% | 2.06% | 2.87% | 3.38% | 2.91% | 3.95% | 3.24% |
Frequently Asked Questions
AASG.L and UIMA.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UIMA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UIMA.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for AASG.L.
AASG.L is categorized as Asia Pacific Equities, while UIMA.DE is Europe Equities. AASG.L tracks MSCI AC Asia Ex Japan NR USD, while UIMA.DE tracks MSCI Europe. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.20% for AASG.L and 0.10% for UIMA.DE.
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