EUE.L vs. UET5.DE
EUE.L (iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)) and UET5.DE (UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist) are both Europe Equities funds - EUE.L tracks the MSCI EMU NR EUR while UET5.DE tracks the EURO STOXX® 50 ESG. Both are passively managed. Over the past 5 years, EUE.L returned 11.67%/yr vs 13.96%/yr for UET5.DE. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
EUE.L vs. UET5.DE - Performance Comparison
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Different Trading Currencies
EUE.L is traded in GBp, while UET5.DE is traded in EUR. To make them comparable, the UET5.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUE.L achieves a 6.60% return, which is significantly lower than UET5.DE's 7.70% return.
EUE.L
- 1D
- 0.97%
- 1M
- 4.94%
- YTD
- 6.60%
- 6M
- 7.73%
- 1Y
- 19.02%
- 3Y*
- 15.72%
- 5Y*
- 11.67%
- 10Y*
- 11.61%
UET5.DE
- 1D
- 0.90%
- 1M
- 5.48%
- YTD
- 7.70%
- 6M
- 9.16%
- 1Y
- 22.37%
- 3Y*
- 19.03%
- 5Y*
- 13.96%
- 10Y*
- —
EUE.L vs. UET5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EUE.L iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) | 6.60% | 27.87% | 6.16% | 20.16% | -3.39% | 15.38% | 3.14% | 5.11% |
UET5.DE UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist | 7.70% | 32.47% | 7.87% | 22.85% | -4.38% | 17.98% | 5.83% | 6.82% |
Correlation
The correlation between EUE.L and UET5.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 | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2019 | 0.93 |
The correlation between EUE.L and UET5.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
EUE.L vs. UET5.DE — Risk / Return Rank
EUE.L
UET5.DE
EUE.L vs. UET5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L) and UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist (UET5.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.
| EUE.L | UET5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.82 | -0.18 |
| Martin ratioReturn relative to average drawdown | 5.51 | 6.40 | -0.90 |
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
| EUE.L | UET5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.34 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.80 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.70 | -0.43 |
Drawdowns
EUE.L vs. UET5.DE - Drawdown Comparison
The maximum EUE.L drawdown since its inception was -48.69%, which is greater than UET5.DE's maximum drawdown of -31.39%. Use the drawdown chart below to compare losses from any high point for EUE.L and UET5.DE.
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Drawdown Indicators
| EUE.L | UET5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.69% | -31.39% | -17.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.53% | -12.20% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -14.41% | -14.02% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -21.94% | -21.03% | -0.91% |
Max Drawdown (10Y)Largest decline over 10 years | -31.97% | — | — |
Current DrawdownCurrent decline from peak | -0.49% | -0.09% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -11.17% | -4.33% | -6.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 3.48% | -0.04% |
Volatility
EUE.L vs. UET5.DE - Volatility Comparison
iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUE.L) and UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist (UET5.DE) have volatilities of 4.95% and 4.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUE.L | UET5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 4.87% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.42% | 13.74% | -1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.21% | 16.60% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.42% | 17.34% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 19.40% | -1.49% |
EUE.L vs. UET5.DE - Expense Ratio Comparison
Both EUE.L and UET5.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EUE.L vs. UET5.DE - Dividend Comparison
EUE.L's dividend yield for the trailing twelve months is around 2.55%, less than UET5.DE's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUE.L iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) | 2.55% | 2.46% | 3.09% | 3.00% | 2.79% | 2.10% | 2.13% | 3.20% | 3.64% | 2.84% | 3.32% | 2.85% |
UET5.DE UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist | 2.92% | 2.15% | 3.28% | 2.96% | 3.06% | 1.90% | 1.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, EUE.L and UET5.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.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUE.L and UET5.DE have the same expense ratio: 0.10% per year.
EUE.L tracks MSCI EMU NR EUR, while UET5.DE tracks EURO STOXX® 50 ESG. They also come from different issuers: iShares and UBS.
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