EUNI.DE vs. UETE.DE
EUNI.DE (iShares MSCI Emerging Markets Small Cap UCITS ETF) and UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) are both Emerging Markets Equities funds - EUNI.DE tracks the MSCI Emerging Markets Small Cap while UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 5 years, EUNI.DE returned 7.89%/yr vs 10.19%/yr for UETE.DE. A 0.75 correlation means they provide meaningful diversification when combined. EUNI.DE charges 0.74%/yr vs 0.24%/yr for UETE.DE.
Performance
EUNI.DE vs. UETE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNI.DE achieves a 16.80% return, which is significantly lower than UETE.DE's 34.13% return.
EUNI.DE
- 1D
- -0.41%
- 1M
- -0.02%
- YTD
- 16.80%
- 6M
- 15.58%
- 1Y
- 26.07%
- 3Y*
- 13.85%
- 5Y*
- 7.89%
- 10Y*
- 8.99%
UETE.DE
- 1D
- -1.52%
- 1M
- 6.56%
- YTD
- 34.13%
- 6M
- 35.13%
- 1Y
- 59.19%
- 3Y*
- 24.18%
- 5Y*
- 10.19%
- 10Y*
- —
EUNI.DE vs. UETE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 16.80% | 6.21% | 8.18% | 19.10% | -13.60% | 28.84% | 7.23% | 7.29% |
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 34.13% | 21.00% | 16.13% | 2.60% | -15.05% | 7.18% | 5.63% | 7.21% |
Correlation
The correlation between EUNI.DE and UETE.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019 | 0.75 |
The correlation between EUNI.DE and UETE.DE has been stable across timeframes, ranging from 0.70 to 0.80 - a consistent structural relationship.
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Return for Risk
EUNI.DE vs. UETE.DE — Risk / Return Rank
EUNI.DE
UETE.DE
EUNI.DE vs. UETE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.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.
| EUNI.DE | UETE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.51 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 3.82 | -0.60 |
| Martin ratioReturn relative to average drawdown | 10.53 | 9.11 | +1.42 |
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
| EUNI.DE | UETE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 2.16 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.50 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.47 | -0.06 |
Drawdowns
EUNI.DE vs. UETE.DE - Drawdown Comparison
The maximum EUNI.DE drawdown since its inception was -41.89%, which is greater than UETE.DE's maximum drawdown of -36.83%. Use the drawdown chart below to compare losses from any high point for EUNI.DE and UETE.DE.
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Drawdown Indicators
| EUNI.DE | UETE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.89% | -36.83% | -5.06% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -15.70% | +7.75% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -20.20% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -23.75% | +2.60% |
Max Drawdown (10Y)Largest decline over 10 years | -41.89% | — | — |
Current DrawdownCurrent decline from peak | -2.54% | -2.50% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -10.57% | -10.85% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 6.60% | -4.16% |
Volatility
EUNI.DE vs. UETE.DE - Volatility Comparison
The current volatility for iShares MSCI Emerging Markets Small Cap UCITS ETF (EUNI.DE) is 6.91%, while UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) has a volatility of 8.58%. This indicates that EUNI.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
| EUNI.DE | UETE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 8.58% | -1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 14.01% | 15.80% | -1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.45% | 27.86% | -11.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 20.18% | -4.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 21.88% | -5.04% |
EUNI.DE vs. UETE.DE - Expense Ratio Comparison
EUNI.DE has a 0.74% expense ratio, which is higher than UETE.DE's 0.24% expense ratio.
Dividends
EUNI.DE vs. UETE.DE - Dividend Comparison
EUNI.DE's dividend yield for the trailing twelve months is around 0.81%, while UETE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNI.DE iShares MSCI Emerging Markets Small Cap UCITS ETF | 0.81% | 1.83% | 1.74% | 2.11% | 2.47% | 1.23% | 1.77% | 2.02% | 2.14% | 1.45% | 2.00% | 0.85% |
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUNI.DE and UETE.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.74% for EUNI.DE.
EUNI.DE tracks MSCI Emerging Markets Small Cap, while UETE.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. They also come from different issuers: iShares and UBS. Their fees differ too: 0.74% for EUNI.DE and 0.24% for UETE.DE.
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