EMKX.DE vs. UETE.DE
EMKX.DE (BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF) and UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) are both Emerging Markets Equities funds - EMKX.DE tracks the MSCI Emerging Markets ESG Filtered Min TE while UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 5 years, EMKX.DE returned 7.78%/yr vs 9.62%/yr for UETE.DE. Their correlation of 0.90 suggests significant overlap in exposure. EMKX.DE charges 0.26%/yr vs 0.24%/yr for UETE.DE.
Performance
EMKX.DE vs. UETE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMKX.DE achieves a 28.34% return, which is significantly lower than UETE.DE's 35.33% return.
EMKX.DE
- 1D
- 0.58%
- 1M
- 2.46%
- YTD
- 28.34%
- 6M
- 30.16%
- 1Y
- 47.39%
- 3Y*
- 21.57%
- 5Y*
- 7.78%
- 10Y*
- 73.97%
UETE.DE
- 1D
- -0.29%
- 1M
- 2.07%
- YTD
- 35.33%
- 6M
- 37.80%
- 1Y
- 55.15%
- 3Y*
- 25.08%
- 5Y*
- 9.62%
- 10Y*
- —
EMKX.DE vs. UETE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMKX.DE BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF | 28.34% | 18.64% | 14.57% | 5.03% | -15.65% | 4.34% | 6.80% | 14.04% |
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 35.33% | 21.01% | 16.13% | 2.59% | -15.04% | 7.14% | 5.67% | -5.92% |
Correlation
The correlation between EMKX.DE and UETE.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.90 |
The correlation between EMKX.DE and UETE.DE has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
EMKX.DE vs. UETE.DE — Risk / Return Rank
EMKX.DE
UETE.DE
EMKX.DE vs. UETE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF (EMKX.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.
| EMKX.DE | UETE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.49 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.29 | 5.82 | -1.53 |
| Martin ratioReturn relative to average drawdown | 14.95 | 18.90 | -3.95 |
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Drawdowns
EMKX.DE vs. UETE.DE - Drawdown Comparison
The maximum EMKX.DE drawdown since its inception was -99.09%, 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 EMKX.DE and UETE.DE.
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Drawdown Indicators
| EMKX.DE | UETE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.09% | -39.65% | -59.44% |
Max Drawdown (1Y)Largest decline over 1 year | -10.98% | -9.43% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -19.38% | -20.18% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -25.31% | -23.78% | -1.53% |
Max Drawdown (10Y)Largest decline over 10 years | -99.09% | — | — |
Current DrawdownCurrent decline from peak | -97.77% | -4.98% | -92.79% |
Average DrawdownAverage peak-to-trough decline | -92.15% | -11.50% | -80.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.91% | +0.25% |
Volatility
EMKX.DE vs. UETE.DE - Volatility Comparison
BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF (EMKX.DE) has a higher volatility of 8.92% compared to UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) at 8.44%. This indicates that EMKX.DE's price experiences larger fluctuations and is considered to be riskier 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
| EMKX.DE | UETE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.92% | 8.44% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 17.00% | 17.29% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.25% | 19.99% | -0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 18.32% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,148.55% | 21.08% | +3,127.47% |
EMKX.DE vs. UETE.DE - Expense Ratio Comparison
EMKX.DE has a 0.26% expense ratio, which is higher than UETE.DE's 0.24% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EMKX.DE vs. UETE.DE - Dividend Comparison
Neither EMKX.DE nor UETE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, EMKX.DE and UETE.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, 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 0.26% for EMKX.DE.
EMKX.DE tracks MSCI Emerging Markets ESG Filtered Min TE, while UETE.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. They also come from different issuers: BNP Paribas and UBS. Their fees differ too: 0.26% for EMKX.DE and 0.24% for UETE.DE.
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