FESD.DE vs. UEFS.DE
FESD.DE (Fidelity Sustainable USD EM Bond UCITS ETF) and UEFS.DE (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist) are both Emerging Markets Bonds funds - FESD.DE tracks the Fidelity Sustainable USD EM Bond while UEFS.DE tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped. Both are passively managed. Over the past 5 years, FESD.DE returned 1.89%/yr vs 3.30%/yr for UEFS.DE. A 0.76 correlation means they provide meaningful diversification when combined. FESD.DE charges 0.45%/yr vs 0.25%/yr for UEFS.DE.
Performance
FESD.DE vs. UEFS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FESD.DE achieves a 3.41% return, which is significantly lower than UEFS.DE's 3.71% return.
FESD.DE
- 1D
- -0.09%
- 1M
- 1.35%
- YTD
- 3.41%
- 6M
- 3.08%
- 1Y
- 9.14%
- 3Y*
- 5.13%
- 5Y*
- 1.89%
- 10Y*
- —
UEFS.DE
- 1D
- -0.03%
- 1M
- 1.91%
- YTD
- 3.71%
- 6M
- 3.67%
- 1Y
- 11.43%
- 3Y*
- 8.56%
- 5Y*
- 3.30%
- 10Y*
- 3.55%
FESD.DE vs. UEFS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 3.41% | 0.21% | 8.73% | 4.67% | -13.30% | 6.35% |
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 3.71% | 2.37% | 13.84% | 8.28% | -14.67% | 6.02% |
Correlation
The correlation between FESD.DE and UEFS.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.76 |
The correlation between FESD.DE and UEFS.DE shifts across timeframes, from 0.76 (all time) to 0.86 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FESD.DE vs. UEFS.DE — Risk / Return Rank
FESD.DE
UEFS.DE
FESD.DE vs. UEFS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) and UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.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.
| FESD.DE | UEFS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.38 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 3.96 | -1.50 |
| Martin ratioReturn relative to average drawdown | 6.56 | 12.59 | -6.03 |
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
| FESD.DE | UEFS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.98 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.38 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.44 | -0.26 |
Drawdowns
FESD.DE vs. UEFS.DE - Drawdown Comparison
The maximum FESD.DE drawdown since its inception was -16.01%, smaller than the maximum UEFS.DE drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for FESD.DE and UEFS.DE.
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Drawdown Indicators
| FESD.DE | UEFS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.01% | -24.26% | +8.25% |
Max Drawdown (1Y)Largest decline over 1 year | -3.71% | -2.87% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -12.34% | -13.70% | +1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -16.01% | -17.84% | +1.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.26% | — |
Current DrawdownCurrent decline from peak | -0.59% | -0.03% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -7.41% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 0.91% | +0.48% |
Volatility
FESD.DE vs. UEFS.DE - Volatility Comparison
Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) has a higher volatility of 2.28% compared to UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.DE) at 1.27%. This indicates that FESD.DE's price experiences larger fluctuations and is considered to be riskier than UEFS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FESD.DE | UEFS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 1.27% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.57% | 3.77% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.51% | 5.76% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 8.69% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.70% | 9.37% | -0.67% |
FESD.DE vs. UEFS.DE - Expense Ratio Comparison
FESD.DE has a 0.45% expense ratio, which is higher than UEFS.DE's 0.25% expense ratio.
Dividends
FESD.DE vs. UEFS.DE - Dividend Comparison
FESD.DE's dividend yield for the trailing twelve months is around 6.69%, more than UEFS.DE's 6.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 6.69% | 5.90% | 5.86% | 5.43% | 4.80% | 2.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 6.50% | 7.96% | 6.14% | 6.46% | 6.08% | 4.22% | 5.09% | 4.60% | 4.53% | 4.90% | 2.30% |
Frequently Asked Questions
FESD.DE and UEFS.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEFS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEFS.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for FESD.DE.
FESD.DE tracks Fidelity Sustainable USD EM Bond, while UEFS.DE tracks Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped. They also come from different issuers: Fidelity and UBS. Their fees differ too: 0.45% for FESD.DE and 0.25% for UEFS.DE.
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