DX2Z.DE vs. UETE.DE
DX2Z.DE (Xtrackers S&P Select Frontier Swap UCITS ETF (Acc)) and UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) are both Emerging Markets Equities funds - DX2Z.DE tracks the S&P Select Frontier Index while UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 5 years, DX2Z.DE returned 13.44%/yr vs 8.53%/yr for UETE.DE. At a 0.46 correlation, their price movements are largely independent. DX2Z.DE charges 0.95%/yr vs 0.24%/yr for UETE.DE.
Performance
DX2Z.DE vs. UETE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DX2Z.DE achieves a 9.77% return, which is significantly lower than UETE.DE's 26.60% return.
DX2Z.DE
- 1D
- -0.87%
- 1M
- 3.79%
- 6M
- 7.04%
- YTD
- 9.77%
- 1Y
- 22.55%
- 3Y*
- 18.56%
- 5Y*
- 13.44%
- 10Y*
- 10.84%
UETE.DE
- 1D
- -2.12%
- 1M
- -8.01%
- 6M
- 20.58%
- YTD
- 26.60%
- 1Y
- 42.29%
- 3Y*
- 21.51%
- 5Y*
- 8.53%
- 10Y*
- —
DX2Z.DE vs. UETE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DX2Z.DE Xtrackers S&P Select Frontier Swap UCITS ETF (Acc) | 9.77% | 18.38% | 30.33% | 20.29% | -15.40% | 26.53% | -13.05% | 3.90% |
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 26.60% | 21.01% | 16.13% | 2.59% | -15.04% | 7.14% | 5.67% | -5.92% |
Correlation
The correlation between DX2Z.DE and UETE.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.46 |
Over the past year, the correlation between DX2Z.DE and UETE.DE has dropped to 0.24 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
DX2Z.DE vs. UETE.DE — Risk / Return Rank
DX2Z.DE
UETE.DE
DX2Z.DE vs. UETE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P Select Frontier Swap UCITS ETF (Acc) (DX2Z.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.
| DX2Z.DE | UETE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.36 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 3.79 | -2.08 |
| Martin ratioReturn relative to average drawdown | 5.06 | 12.25 | -7.19 |
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Drawdowns
DX2Z.DE vs. UETE.DE - Drawdown Comparison
The maximum DX2Z.DE drawdown since its inception was -76.62%, which is greater than UETE.DE's maximum drawdown of -39.65%. Use the drawdown chart below to compare losses from any high point for DX2Z.DE and UETE.DE.
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Drawdown Indicators
| DX2Z.DE | UETE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.62% | -39.65% | -36.97% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -11.11% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -20.17% | -20.18% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -23.10% | -23.78% | +0.68% |
Max Drawdown (10Y)Largest decline over 10 years | -45.54% | — | — |
Current DrawdownCurrent decline from peak | -1.50% | -11.11% | +9.61% |
Average DrawdownAverage peak-to-trough decline | -44.82% | -11.46% | -33.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 3.44% | +1.00% |
Volatility
DX2Z.DE vs. UETE.DE - Volatility Comparison
The current volatility for Xtrackers S&P Select Frontier Swap UCITS ETF (Acc) (DX2Z.DE) is 3.43%, while UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) has a volatility of 8.41%. This indicates that DX2Z.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
| DX2Z.DE | UETE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 8.41% | -4.98% |
Volatility (6M)Calculated over the trailing 6-month period | 13.92% | 18.47% | -4.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.91% | 21.03% | -2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.48% | 18.51% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 21.15% | -2.37% |
DX2Z.DE vs. UETE.DE - Expense Ratio Comparison
DX2Z.DE has a 0.95% expense ratio, which is higher than UETE.DE's 0.24% expense ratio.
Dividends
DX2Z.DE vs. UETE.DE - Dividend Comparison
Neither DX2Z.DE nor UETE.DE has paid dividends to shareholders.
Frequently Asked Questions
DX2Z.DE and UETE.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.95% for DX2Z.DE.
DX2Z.DE tracks S&P Select Frontier Index, while UETE.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. They also come from different issuers: Xtrackers and UBS. Their fees differ too: 0.95% for DX2Z.DE and 0.24% for UETE.DE.
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