EMEC.DE vs. UEEH.DE
EMEC.DE (BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR) and UEEH.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist) are both Global Equities funds - EMEC.DE tracks the ECPI Circular Economy Leaders Equity while UEEH.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, EMEC.DE returned 9.49%/yr vs 5.98%/yr for UEEH.DE. A 0.66 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
EMEC.DE vs. UEEH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMEC.DE achieves a 10.95% return, which is significantly higher than UEEH.DE's 1.54% return.
EMEC.DE
- 1D
- -0.24%
- 1M
- 5.19%
- YTD
- 10.95%
- 6M
- 10.54%
- 1Y
- 21.09%
- 3Y*
- 11.29%
- 5Y*
- 9.49%
- 10Y*
- —
UEEH.DE
- 1D
- -0.04%
- 1M
- 1.51%
- YTD
- 1.54%
- 6M
- 1.62%
- 1Y
- -0.54%
- 3Y*
- 6.19%
- 5Y*
- 5.98%
- 10Y*
- —
EMEC.DE vs. UEEH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMEC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR | 10.95% | 5.92% | 10.86% | 19.48% | -12.91% | 37.20% | 14.53% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.54% | -1.55% | 17.56% | 3.56% | -4.40% | 23.98% | 0.94% |
Correlation
The correlation between EMEC.DE and UEEH.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2020 | 0.66 |
Over the past year, the correlation between EMEC.DE and UEEH.DE has dropped to 0.42 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
EMEC.DE vs. UEEH.DE — Risk / Return Rank
EMEC.DE
UEEH.DE
EMEC.DE vs. UEEH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) and iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.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.
| EMEC.DE | UEEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.00 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | -0.10 | +2.74 |
| Martin ratioReturn relative to average drawdown | 9.05 | -0.22 | +9.27 |
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
| EMEC.DE | UEEH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | -0.07 | +1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.59 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.65 | +0.17 |
Drawdowns
EMEC.DE vs. UEEH.DE - Drawdown Comparison
The maximum EMEC.DE drawdown since its inception was -30.18%, which is greater than UEEH.DE's maximum drawdown of -12.82%. Use the drawdown chart below to compare losses from any high point for EMEC.DE and UEEH.DE.
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Drawdown Indicators
| EMEC.DE | UEEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.18% | -12.82% | -17.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -5.49% | -2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -20.78% | -12.82% | -7.96% |
Max Drawdown (5Y)Largest decline over 5 years | -20.78% | -12.82% | -7.96% |
Current DrawdownCurrent decline from peak | -0.24% | -6.93% | +6.69% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -4.41% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.52% | -0.20% |
Volatility
EMEC.DE vs. UEEH.DE - Volatility Comparison
BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR (EMEC.DE) has a higher volatility of 3.47% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.DE) at 2.62%. This indicates that EMEC.DE's price experiences larger fluctuations and is considered to be riskier than UEEH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMEC.DE | UEEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 2.62% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 8.86% | 5.56% | +3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 7.88% | +4.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 10.11% | +3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 10.26% | +5.74% |
EMEC.DE vs. UEEH.DE - Expense Ratio Comparison
Both EMEC.DE and UEEH.DE have an expense ratio of 0.30%.
Dividends
EMEC.DE vs. UEEH.DE - Dividend Comparison
EMEC.DE has not paid dividends to shareholders, while UEEH.DE's dividend yield for the trailing twelve months is around 1.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EMEC.DE BNP Paribas Easy ECPI Circular Economy Leaders UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.45% | 1.49% | 1.59% | 1.76% | 1.70% | 1.37% |
Frequently Asked Questions
EMEC.DE and UEEH.DE have a correlation of 0.42, 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 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EMEC.DE and UEEH.DE have the same expense ratio: 0.30% per year.
EMEC.DE tracks ECPI Circular Economy Leaders Equity, while UEEH.DE tracks MSCI World Minimum Volatility. They also come from different issuers: BNP Paribas and iShares.
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