EMXC.DE vs. UETE.DE
EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) and UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) are both Emerging Markets Equities funds - EMXC.DE tracks the MSCI EM NR USD while UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 5 years, EMXC.DE returned 14.13%/yr vs 9.62%/yr for UETE.DE. Their correlation of 0.82 suggests significant overlap in exposure. EMXC.DE charges 0.15%/yr vs 0.24%/yr for UETE.DE.
Performance
EMXC.DE vs. UETE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMXC.DE achieves a 44.88% return, which is significantly higher than UETE.DE's 35.33% return.
EMXC.DE
- 1D
- 1.15%
- 1M
- 5.01%
- YTD
- 44.88%
- 6M
- 47.41%
- 1Y
- 69.83%
- 3Y*
- 26.88%
- 5Y*
- 14.13%
- 10Y*
- —
UETE.DE
- 1D
- -0.29%
- 1M
- 2.07%
- YTD
- 35.33%
- 6M
- 37.80%
- 1Y
- 55.15%
- 3Y*
- 25.08%
- 5Y*
- 9.62%
- 10Y*
- —
EMXC.DE vs. UETE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 44.88% | 19.92% | 9.13% | 14.31% | -13.59% | 17.56% | 2.25% | -4.50% |
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% | 5.24% |
Correlation
The correlation between EMXC.DE and UETE.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.82 |
The correlation between EMXC.DE and UETE.DE shifts across timeframes, from 0.79 (5 years) to 0.91 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EMXC.DE vs. UETE.DE — Risk / Return Rank
EMXC.DE
UETE.DE
EMXC.DE vs. UETE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.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.
| EMXC.DE | UETE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.49 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.85 | 5.82 | +0.03 |
| Martin ratioReturn relative to average drawdown | 21.06 | 18.90 | +2.16 |
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Drawdowns
EMXC.DE vs. UETE.DE - Drawdown Comparison
The maximum EMXC.DE drawdown since its inception was -40.89%, roughly equal to the maximum UETE.DE drawdown of -39.65%. Use the drawdown chart below to compare losses from any high point for EMXC.DE and UETE.DE.
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Drawdown Indicators
| EMXC.DE | UETE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.89% | -39.65% | -1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.87% | -9.43% | -2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -20.47% | -20.18% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -20.47% | -23.78% | +3.31% |
Current DrawdownCurrent decline from peak | -4.04% | -4.98% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -11.50% | +3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 2.91% | +0.39% |
Volatility
EMXC.DE vs. UETE.DE - Volatility Comparison
Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) has a higher volatility of 10.10% compared to UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) at 8.44%. This indicates that EMXC.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
| EMXC.DE | UETE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.10% | 8.44% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 19.32% | 17.29% | +2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.53% | 19.99% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.35% | 18.32% | -1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.03% | 21.08% | -2.05% |
EMXC.DE vs. UETE.DE - Expense Ratio Comparison
EMXC.DE has a 0.15% expense ratio, which is lower than UETE.DE's 0.24% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EMXC.DE vs. UETE.DE - Dividend Comparison
Neither EMXC.DE nor UETE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, EMXC.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, EMXC.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMXC.DE is cheaper with a 0.15% expense ratio, compared with 0.24% for UETE.DE.
EMXC.DE tracks MSCI EM NR USD, while UETE.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.15% for EMXC.DE and 0.24% for UETE.DE.
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