ESGM.DE vs. UETE.DE
ESGM.DE (Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc) and UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) are both Emerging Markets Equities funds - ESGM.DE tracks the MSCI Emerging Markets ESG Universal Select Business Screens while UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 3 years, ESGM.DE returned 21.23%/yr vs 25.08%/yr for UETE.DE. Their correlation of 0.89 suggests significant overlap in exposure. ESGM.DE charges 0.19%/yr vs 0.24%/yr for UETE.DE.
Performance
ESGM.DE vs. UETE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESGM.DE achieves a 30.13% return, which is significantly lower than UETE.DE's 35.33% return.
ESGM.DE
- 1D
- 0.00%
- 1M
- 2.38%
- YTD
- 30.13%
- 6M
- 31.78%
- 1Y
- 48.83%
- 3Y*
- 21.23%
- 5Y*
- —
- 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*
- —
ESGM.DE vs. UETE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESGM.DE Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc | 30.13% | 18.22% | 12.10% | 5.50% | -14.87% | -18.34% |
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 35.33% | 21.01% | 16.13% | 2.59% | -15.04% | -3.02% |
Correlation
The correlation between ESGM.DE and UETE.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2021 | 0.89 |
The correlation between ESGM.DE and UETE.DE has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
ESGM.DE vs. UETE.DE — Risk / Return Rank
ESGM.DE
UETE.DE
ESGM.DE vs. UETE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc (ESGM.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.
| ESGM.DE | UETE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.49 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 5.82 | -2.73 |
| Martin ratioReturn relative to average drawdown | 7.04 | 18.90 | -11.86 |
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Drawdowns
ESGM.DE vs. UETE.DE - Drawdown Comparison
The maximum ESGM.DE drawdown since its inception was -34.24%, smaller than the maximum UETE.DE drawdown of -39.65%. Use the drawdown chart below to compare losses from any high point for ESGM.DE and UETE.DE.
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Drawdown Indicators
| ESGM.DE | UETE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.24% | -39.65% | +5.41% |
Max Drawdown (1Y)Largest decline over 1 year | -15.80% | -9.43% | -6.37% |
Max Drawdown (3Y)Largest decline over 3 years | -19.03% | -20.18% | +1.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.78% | — |
Current DrawdownCurrent decline from peak | -3.74% | -4.98% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -20.24% | -11.50% | -8.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.94% | 2.91% | +4.03% |
Volatility
ESGM.DE vs. UETE.DE - Volatility Comparison
The current volatility for Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc (ESGM.DE) is 7.59%, while UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) has a volatility of 8.44%. This indicates that ESGM.DE experiences smaller price fluctuations and is considered to be less risky 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
| ESGM.DE | UETE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.59% | 8.44% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 17.05% | 17.29% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.12% | 19.99% | +8.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.48% | 18.32% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.48% | 21.08% | -0.60% |
ESGM.DE vs. UETE.DE - Expense Ratio Comparison
ESGM.DE has a 0.19% 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
ESGM.DE vs. UETE.DE - Dividend Comparison
Neither ESGM.DE nor UETE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, ESGM.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, ESGM.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESGM.DE is cheaper with a 0.19% expense ratio, compared with 0.24% for UETE.DE.
ESGM.DE tracks MSCI Emerging Markets ESG Universal Select Business Screens, while UETE.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: 0.19% for ESGM.DE and 0.24% for UETE.DE.
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