EL40.DE vs. UIMI.DE
EL40.DE (Deka MSCI Emerging Markets UCITS ETF ) and UIMI.DE (UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD) A-dis) are both Emerging Markets Equities funds tracking the MSCI Emerging Markets, from Deka Investment GmbH and UBS respectively. Both are passively managed. Over the past 10 years, EL40.DE returned 9.07%/yr vs 9.97%/yr for UIMI.DE. Their correlation of 0.89 suggests significant overlap in exposure. EL40.DE charges 0.66%/yr vs 0.18%/yr for UIMI.DE.
Performance
EL40.DE vs. UIMI.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EL40.DE having a 26.76% return and UIMI.DE slightly higher at 27.62%. Over the past 10 years, EL40.DE has underperformed UIMI.DE with an annualized return of 9.07%, while UIMI.DE has yielded a comparatively higher 9.97% annualized return.
EL40.DE
- 1D
- -2.26%
- 1M
- 3.66%
- YTD
- 26.76%
- 6M
- 26.78%
- 1Y
- 47.15%
- 3Y*
- 19.57%
- 5Y*
- 7.38%
- 10Y*
- 9.07%
UIMI.DE
- 1D
- -1.51%
- 1M
- 3.62%
- YTD
- 27.62%
- 6M
- 28.59%
- 1Y
- 49.07%
- 3Y*
- 21.00%
- 5Y*
- 8.50%
- 10Y*
- 9.97%
EL40.DE vs. UIMI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL40.DE Deka MSCI Emerging Markets UCITS ETF | 26.76% | 17.86% | 13.11% | 4.33% | -14.87% | 4.55% | 5.36% | 20.78% | -11.51% | 19.00% |
UIMI.DE UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD) A-dis | 27.62% | 20.10% | 13.22% | 5.76% | -14.07% | 4.14% | 6.29% | 22.09% | -11.16% | 20.67% |
Correlation
The correlation between EL40.DE and UIMI.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2010 | 0.89 |
The correlation between EL40.DE and UIMI.DE has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
EL40.DE vs. UIMI.DE — Risk / Return Rank
EL40.DE
UIMI.DE
EL40.DE vs. UIMI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI Emerging Markets UCITS ETF (EL40.DE) and UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD) A-dis (UIMI.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.
| EL40.DE | UIMI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.50 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 4.85 | -1.97 |
| Martin ratioReturn relative to average drawdown | 7.00 | 17.64 | -10.64 |
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
| EL40.DE | UIMI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 2.81 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.50 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.54 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.33 | -0.03 |
Drawdowns
EL40.DE vs. UIMI.DE - Drawdown Comparison
The maximum EL40.DE drawdown since its inception was -36.65%, roughly equal to the maximum UIMI.DE drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for EL40.DE and UIMI.DE.
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Drawdown Indicators
| EL40.DE | UIMI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.65% | -36.26% | -0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -16.53% | -10.26% | -6.27% |
Max Drawdown (3Y)Largest decline over 3 years | -18.17% | -19.74% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -25.06% | -23.93% | -1.13% |
Max Drawdown (10Y)Largest decline over 10 years | -31.59% | -32.05% | +0.46% |
Current DrawdownCurrent decline from peak | -3.01% | -2.57% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -11.60% | -11.15% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.82% | 2.83% | +3.99% |
Volatility
EL40.DE vs. UIMI.DE - Volatility Comparison
Deka MSCI Emerging Markets UCITS ETF (EL40.DE) has a higher volatility of 8.00% compared to UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD) A-dis (UIMI.DE) at 7.28%. This indicates that EL40.DE's price experiences larger fluctuations and is considered to be riskier than UIMI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL40.DE | UIMI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.00% | 7.28% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 15.83% | 14.92% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.69% | 17.74% | +8.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.75% | 16.72% | +4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.44% | 18.27% | +2.17% |
EL40.DE vs. UIMI.DE - Expense Ratio Comparison
EL40.DE has a 0.66% expense ratio, which is higher than UIMI.DE's 0.18% expense ratio.
Dividends
EL40.DE vs. UIMI.DE - Dividend Comparison
EL40.DE has not paid dividends to shareholders, while UIMI.DE's dividend yield for the trailing twelve months is around 1.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL40.DE Deka MSCI Emerging Markets UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.07% | 0.00% | 0.02% | 0.00% |
UIMI.DE UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD) A-dis | 1.69% | 2.31% | 2.10% | 2.63% | 2.91% | 1.68% | 1.82% | 2.17% | 2.03% | 1.67% | 2.54% | 2.72% |
Frequently Asked Questions
With a correlation of 0.93, EL40.DE and UIMI.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, UIMI.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UIMI.DE is cheaper with a 0.18% expense ratio, compared with 0.66% for EL40.DE.
Both ETFs track MSCI Emerging Markets. They also come from different issuers: Deka Investment GmbH and UBS. Their fees differ too: 0.66% for EL40.DE and 0.18% for UIMI.DE.
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