ACUG.DE vs. UETE.DE
ACUG.DE (Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D)) and UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) are both Emerging Markets Equities funds - ACUG.DE tracks the MSCI Emerging Markets SRI Filtered PAB while UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 3 years, ACUG.DE returned 14.29%/yr vs 25.08%/yr for UETE.DE. Their correlation of 0.89 suggests significant overlap in exposure. ACUG.DE charges 0.25%/yr vs 0.24%/yr for UETE.DE.
Performance
ACUG.DE vs. UETE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ACUG.DE achieves a 20.29% return, which is significantly lower than UETE.DE's 35.33% return.
ACUG.DE
- 1D
- 0.00%
- 1M
- 2.41%
- YTD
- 20.29%
- 6M
- 21.36%
- 1Y
- 32.91%
- 3Y*
- 14.29%
- 5Y*
- —
- 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*
- —
ACUG.DE vs. UETE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ACUG.DE Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) | 20.29% | 13.06% | 11.24% | -2.80% | -11.79% | -4.66% |
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 35.33% | 21.01% | 16.13% | 2.59% | -15.04% | -2.39% |
Correlation
The correlation between ACUG.DE and UETE.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.89 |
The correlation between ACUG.DE and UETE.DE has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
ACUG.DE vs. UETE.DE — Risk / Return Rank
ACUG.DE
UETE.DE
ACUG.DE vs. UETE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) (ACUG.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.
| ACUG.DE | UETE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.49 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 5.82 | -2.35 |
| Martin ratioReturn relative to average drawdown | 11.01 | 18.90 | -7.89 |
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Drawdowns
ACUG.DE vs. UETE.DE - Drawdown Comparison
The maximum ACUG.DE drawdown since its inception was -26.17%, smaller than the maximum UETE.DE drawdown of -39.65%. Use the drawdown chart below to compare losses from any high point for ACUG.DE and UETE.DE.
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Drawdown Indicators
| ACUG.DE | UETE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.17% | -39.65% | +13.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.53% | -9.43% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -21.01% | -20.18% | -0.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.78% | — |
Current DrawdownCurrent decline from peak | -4.02% | -4.98% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -12.44% | -11.50% | -0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.91% | +0.09% |
Volatility
ACUG.DE vs. UETE.DE - Volatility Comparison
The current volatility for Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) (ACUG.DE) is 7.37%, while UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) has a volatility of 8.44%. This indicates that ACUG.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
| ACUG.DE | UETE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 8.44% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 14.70% | 17.29% | -2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.62% | 19.99% | -2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.04% | 18.32% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 21.08% | -4.04% |
ACUG.DE vs. UETE.DE - Expense Ratio Comparison
ACUG.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
ACUG.DE vs. UETE.DE - Dividend Comparison
ACUG.DE's dividend yield for the trailing twelve months is around 1.61%, while UETE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ACUG.DE Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) | 1.61% | 1.93% | 2.11% | 2.26% | 2.28% | 1.69% |
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% |
Frequently Asked Questions
With a correlation of 0.91, ACUG.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 ACUG.DE.
ACUG.DE tracks MSCI Emerging Markets SRI Filtered PAB, while UETE.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.25% for ACUG.DE and 0.24% for UETE.DE.
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