EHDL.DE vs. UETE.DE
EHDL.DE (Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF) and UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) are both Emerging Markets Equities funds - EHDL.DE tracks the FTSE Emerging High Dividend Low Volatility 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, EHDL.DE returned 6.50%/yr vs 9.84%/yr for UETE.DE. A 0.63 correlation means they provide meaningful diversification when combined. EHDL.DE charges 0.49%/yr vs 0.24%/yr for UETE.DE.
Performance
EHDL.DE vs. UETE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EHDL.DE achieves a 9.26% return, which is significantly lower than UETE.DE's 36.03% return.
EHDL.DE
- 1D
- 1.22%
- 1M
- -0.90%
- 6M
- 8.37%
- YTD
- 9.26%
- 1Y
- 19.74%
- 3Y*
- 11.75%
- 5Y*
- 6.50%
- 10Y*
- 6.47%
UETE.DE
- 1D
- 1.98%
- 1M
- -0.15%
- 6M
- 33.96%
- YTD
- 36.03%
- 1Y
- 54.97%
- 3Y*
- 24.25%
- 5Y*
- 9.84%
- 10Y*
- —
EHDL.DE vs. UETE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 9.26% | 12.82% | 8.32% | 6.17% | -10.93% | 22.11% | -15.54% | 10.96% |
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 36.03% | 21.01% | 16.13% | 2.59% | -15.04% | 7.14% | 5.67% | -5.92% |
Correlation
The correlation between EHDL.DE and UETE.DE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.63 |
The correlation between EHDL.DE and UETE.DE shifts across timeframes, from 0.52 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EHDL.DE vs. UETE.DE — Risk / Return Rank
EHDL.DE
UETE.DE
EHDL.DE vs. UETE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.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.
| EHDL.DE | UETE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.47 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 5.80 | -2.07 |
| Martin ratioReturn relative to average drawdown | 10.05 | 18.06 | -8.01 |
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Drawdowns
EHDL.DE vs. UETE.DE - Drawdown Comparison
The maximum EHDL.DE drawdown since its inception was -36.13%, smaller than the maximum UETE.DE drawdown of -39.65%. Use the drawdown chart below to compare losses from any high point for EHDL.DE and UETE.DE.
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Drawdown Indicators
| EHDL.DE | UETE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.13% | -39.65% | +3.52% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -9.43% | +4.17% |
Max Drawdown (3Y)Largest decline over 3 years | -14.85% | -20.18% | +5.33% |
Max Drawdown (5Y)Largest decline over 5 years | -18.80% | -23.78% | +4.98% |
Max Drawdown (10Y)Largest decline over 10 years | -36.13% | — | — |
Current DrawdownCurrent decline from peak | -3.59% | -4.48% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -11.48% | +2.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 3.03% | -1.07% |
Volatility
EHDL.DE vs. UETE.DE - Volatility Comparison
The current volatility for Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.DE) is 3.89%, while UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) has a volatility of 8.70%. This indicates that EHDL.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
| EHDL.DE | UETE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 8.70% | -4.81% |
Volatility (6M)Calculated over the trailing 6-month period | 8.13% | 17.60% | -9.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.32% | 20.35% | -9.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.61% | 18.39% | -4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 21.10% | -3.08% |
EHDL.DE vs. UETE.DE - Expense Ratio Comparison
EHDL.DE has a 0.49% expense ratio, which is higher than UETE.DE's 0.24% expense ratio.
Dividends
EHDL.DE vs. UETE.DE - Dividend Comparison
EHDL.DE's dividend yield for the trailing twelve months is around 4.87%, while UETE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 4.87% | 5.27% | 5.58% | 6.15% | 9.20% | 5.91% | 4.28% | 5.04% | 5.45% | 5.14% | 2.24% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EHDL.DE and UETE.DE have a correlation of 0.52, 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 0.49% for EHDL.DE.
EHDL.DE tracks FTSE Emerging High Dividend Low Volatility Index, while UETE.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.49% for EHDL.DE and 0.24% for UETE.DE.
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