EMSM.DE vs. UEF5.DE
EMSM.DE (SPDR MSCI Emerging Markets Small Cap UCITS ETF) and UEF5.DE (UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis) are both Emerging Markets Equities funds - EMSM.DE tracks the MSCI EM NR USD while UEF5.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 10 years, EMSM.DE returned 9.68%/yr vs 9.52%/yr for UEF5.DE. Their correlation of 0.93 suggests significant overlap in exposure. EMSM.DE charges 0.55%/yr vs 0.24%/yr for UEF5.DE.
Performance
EMSM.DE vs. UEF5.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMSM.DE achieves a 27.59% return, which is significantly lower than UEF5.DE's 34.15% return. Both investments have delivered pretty close results over the past 10 years, with EMSM.DE having a 9.68% annualized return and UEF5.DE not far behind at 9.52%.
EMSM.DE
- 1D
- -1.74%
- 1M
- 3.66%
- YTD
- 27.59%
- 6M
- 28.30%
- 1Y
- 48.92%
- 3Y*
- 20.54%
- 5Y*
- 8.20%
- 10Y*
- 9.68%
UEF5.DE
- 1D
- -1.52%
- 1M
- 6.86%
- YTD
- 34.15%
- 6M
- 35.47%
- 1Y
- 59.20%
- 3Y*
- 24.16%
- 5Y*
- 10.12%
- 10Y*
- 9.52%
EMSM.DE vs. UEF5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMSM.DE SPDR MSCI Emerging Markets Small Cap UCITS ETF | 27.59% | 18.76% | 13.62% | 5.12% | -14.15% | 4.29% | 6.29% | 21.03% | -11.23% | 20.43% |
UEF5.DE UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis | 34.15% | 21.04% | 15.43% | 3.76% | -15.31% | 7.01% | 5.32% | 14.48% | -7.65% | 16.40% |
Correlation
The correlation between EMSM.DE and UEF5.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 | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2014 | 0.93 |
The correlation between EMSM.DE and UEF5.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMSM.DE vs. UEF5.DE — Risk / Return Rank
EMSM.DE
UEF5.DE
EMSM.DE vs. UEF5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Emerging Markets Small Cap UCITS ETF (EMSM.DE) and UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UEF5.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.
| EMSM.DE | UEF5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.55 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 6.29 | -1.46 |
| Martin ratioReturn relative to average drawdown | 17.39 | 21.83 | -4.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EMSM.DE | UEF5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.80 | 3.14 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.57 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.50 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.41 | +0.01 |
Drawdowns
EMSM.DE vs. UEF5.DE - Drawdown Comparison
The maximum EMSM.DE drawdown since its inception was -36.49%, roughly equal to the maximum UEF5.DE drawdown of -36.71%. Use the drawdown chart below to compare losses from any high point for EMSM.DE and UEF5.DE.
Loading charts...
Drawdown Indicators
| EMSM.DE | UEF5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.49% | -36.71% | +0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -10.29% | -9.52% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -19.25% | -20.41% | +1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -23.87% | -24.34% | +0.47% |
Max Drawdown (10Y)Largest decline over 10 years | -31.69% | -36.71% | +5.02% |
Current DrawdownCurrent decline from peak | -2.68% | -2.55% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -10.06% | -9.99% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.75% | +0.11% |
Volatility
EMSM.DE vs. UEF5.DE - Volatility Comparison
The current volatility for SPDR MSCI Emerging Markets Small Cap UCITS ETF (EMSM.DE) is 7.40%, while UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UEF5.DE) has a volatility of 8.72%. This indicates that EMSM.DE experiences smaller price fluctuations and is considered to be less risky than UEF5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMSM.DE | UEF5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 8.72% | -1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 14.93% | 15.86% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.75% | 19.10% | -1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.73% | 17.66% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 18.88% | -0.55% |
EMSM.DE vs. UEF5.DE - Expense Ratio Comparison
EMSM.DE has a 0.55% expense ratio, which is higher than UEF5.DE's 0.24% expense ratio.
Dividends
EMSM.DE vs. UEF5.DE - Dividend Comparison
EMSM.DE has not paid dividends to shareholders, while UEF5.DE's dividend yield for the trailing twelve months is around 1.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMSM.DE SPDR MSCI Emerging Markets Small Cap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UEF5.DE UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis | 1.58% | 2.19% | 1.73% | 2.36% | 2.19% | 1.32% | 1.89% | 2.00% | 2.16% | 2.00% | 2.30% | 1.65% |
Frequently Asked Questions
With a correlation of 0.93, EMSM.DE and UEF5.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, UEF5.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEF5.DE is cheaper with a 0.24% expense ratio, compared with 0.55% for EMSM.DE.
EMSM.DE tracks MSCI EM NR USD, while UEF5.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: 0.55% for EMSM.DE and 0.24% for UEF5.DE.
Find the right allocation for EMSM.DE and UEF5.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer