ALAG.L vs. UIMA.DE
ALAG.L (Amundi MSCI Em Latin America UCITS ETF-C USD) and UIMA.DE (UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis) are both exchange-traded funds - ALAG.L is a Latin America Equities fund tracking the MSCI EM Latin America NR USD, while UIMA.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 10 years, ALAG.L returned 8.49%/yr vs 10.23%/yr for UIMA.DE. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
ALAG.L vs. UIMA.DE - Performance Comparison
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Different Trading Currencies
ALAG.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, ALAG.L achieves a 10.55% return, which is significantly higher than UIMA.DE's 6.79% return. Over the past 10 years, ALAG.L has underperformed UIMA.DE with an annualized return of 8.49%, while UIMA.DE has yielded a comparatively higher 10.23% annualized return.
ALAG.L
- 1D
- -0.47%
- 1M
- -6.14%
- YTD
- 10.55%
- 6M
- 7.97%
- 1Y
- 38.67%
- 3Y*
- 10.97%
- 5Y*
- 9.69%
- 10Y*
- 8.49%
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%
ALAG.L vs. UIMA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALAG.L Amundi MSCI Em Latin America UCITS ETF-C USD | 10.55% | 44.31% | -25.31% | 25.10% | 21.74% | -8.24% | -16.56% | 12.56% | -1.55% | 12.30% |
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 ALAG.L and UIMA.DE is 0.43, 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 | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.49 |
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Return for Risk
ALAG.L vs. UIMA.DE — Risk / Return Rank
ALAG.L
UIMA.DE
ALAG.L vs. UIMA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.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.
| ALAG.L | UIMA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.29 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 1.89 | +1.73 |
| Martin ratioReturn relative to average drawdown | 10.83 | 6.87 | +3.96 |
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
| ALAG.L | UIMA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 1.59 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.72 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.67 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.47 | -0.08 |
Drawdowns
ALAG.L vs. UIMA.DE - Drawdown Comparison
The maximum ALAG.L drawdown since its inception was -48.94%, 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 ALAG.L and UIMA.DE.
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Drawdown Indicators
| ALAG.L | UIMA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.94% | -27.92% | -21.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -10.38% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -25.74% | -13.67% | -12.07% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -15.98% | -9.76% |
Max Drawdown (10Y)Largest decline over 10 years | -48.94% | -27.92% | -21.02% |
Current DrawdownCurrent decline from peak | -10.63% | -1.15% | -9.48% |
Average DrawdownAverage peak-to-trough decline | -12.08% | -5.36% | -6.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 2.86% | +0.70% |
Volatility
ALAG.L vs. UIMA.DE - Volatility Comparison
Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) has a higher volatility of 4.67% compared to UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis (UIMA.DE) at 4.05%. This indicates that ALAG.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
| ALAG.L | UIMA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 4.05% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 15.08% | 10.43% | +4.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.38% | 12.34% | +5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.42% | 14.05% | +6.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.89% | 15.15% | +9.74% |
ALAG.L vs. UIMA.DE - Expense Ratio Comparison
Both ALAG.L and UIMA.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ALAG.L vs. UIMA.DE - Dividend Comparison
ALAG.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALAG.L Amundi MSCI Em Latin America UCITS ETF-C 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
ALAG.L and UIMA.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ALAG.L and UIMA.DE have the same expense ratio: 0.10% per year.
ALAG.L is categorized as Latin America Equities, while UIMA.DE is Europe Equities. ALAG.L tracks MSCI EM Latin America NR USD, while UIMA.DE tracks MSCI Europe. They also come from different issuers: Amundi and UBS.
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