IBC4.DE vs. UEF5.DE
IBC4.DE (iShares MSCI South Africa UCITS ETF USD (Acc)) and UEF5.DE (UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis) are both Emerging Markets Equities funds - IBC4.DE tracks the MSCI South Africa Capped Index while UEF5.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 10 years, IBC4.DE returned 7.19%/yr vs 9.43%/yr for UEF5.DE. A 0.74 correlation means they provide meaningful diversification when combined. IBC4.DE charges 0.65%/yr vs 0.24%/yr for UEF5.DE.
Performance
IBC4.DE vs. UEF5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBC4.DE achieves a -1.83% return, which is significantly lower than UEF5.DE's 36.31% return. Over the past 10 years, IBC4.DE has underperformed UEF5.DE with an annualized return of 7.19%, while UEF5.DE has yielded a comparatively higher 9.43% annualized return.
IBC4.DE
- 1D
- 0.65%
- 1M
- -0.00%
- 6M
- -2.26%
- YTD
- -1.83%
- 1Y
- 32.92%
- 3Y*
- 22.90%
- 5Y*
- 11.49%
- 10Y*
- 7.19%
UEF5.DE
- 1D
- 2.11%
- 1M
- 0.05%
- 6M
- 33.29%
- YTD
- 36.31%
- 1Y
- 55.52%
- 3Y*
- 24.31%
- 5Y*
- 9.90%
- 10Y*
- 9.43%
IBC4.DE vs. UEF5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBC4.DE iShares MSCI South Africa UCITS ETF USD (Acc) | -1.83% | 57.35% | 14.83% | -3.10% | 1.72% | 12.68% | -11.83% | 12.46% | -21.79% | 19.74% |
UEF5.DE UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis | 36.31% | 20.99% | 15.47% | 3.78% | -15.32% | 6.96% | 5.36% | 14.51% | -7.68% | 16.40% |
Correlation
The correlation between IBC4.DE and UEF5.DE is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2014 | 0.74 |
The correlation between IBC4.DE and UEF5.DE shifts across timeframes, from 0.55 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBC4.DE vs. UEF5.DE — Risk / Return Rank
IBC4.DE
UEF5.DE
IBC4.DE vs. UEF5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.DE) and UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UEF5.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.
| IBC4.DE | UEF5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.47 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 5.78 | -4.26 |
| Martin ratioReturn relative to average drawdown | 3.57 | 18.33 | -14.76 |
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Drawdowns
IBC4.DE vs. UEF5.DE - Drawdown Comparison
The maximum IBC4.DE drawdown since its inception was -55.48%, which is greater than UEF5.DE's maximum drawdown of -38.64%. Use the drawdown chart below to compare losses from any high point for IBC4.DE and UEF5.DE.
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Drawdown Indicators
| IBC4.DE | UEF5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.48% | -38.64% | -16.84% |
Max Drawdown (1Y)Largest decline over 1 year | -21.54% | -9.56% | -11.98% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | -20.35% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -29.74% | -24.36% | -5.38% |
Max Drawdown (10Y)Largest decline over 10 years | -55.48% | -36.70% | -18.78% |
Current DrawdownCurrent decline from peak | -16.46% | -4.19% | -12.27% |
Average DrawdownAverage peak-to-trough decline | -17.44% | -13.28% | -4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 3.02% | +6.19% |
Volatility
IBC4.DE vs. UEF5.DE - Volatility Comparison
iShares MSCI South Africa UCITS ETF USD (Acc) (IBC4.DE) and UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UEF5.DE) have volatilities of 8.06% and 8.38%, 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
| IBC4.DE | UEF5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 8.38% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 25.34% | 17.47% | +7.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.76% | 20.36% | +9.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.63% | 18.00% | +7.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.84% | 18.94% | +8.90% |
IBC4.DE vs. UEF5.DE - Expense Ratio Comparison
IBC4.DE has a 0.65% expense ratio, which is higher than UEF5.DE's 0.24% expense ratio.
Dividends
IBC4.DE vs. UEF5.DE - Dividend Comparison
IBC4.DE has not paid dividends to shareholders, while UEF5.DE's dividend yield for the trailing twelve months is around 1.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBC4.DE iShares MSCI South Africa 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% |
UEF5.DE UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis | 1.56% | 2.19% | 1.73% | 2.36% | 2.19% | 1.32% | 1.89% | 2.00% | 2.16% | 2.00% | 2.30% | 1.65% |
Frequently Asked Questions
IBC4.DE and UEF5.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEF5.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEF5.DE is cheaper with a 0.24% expense ratio, compared with 0.65% for IBC4.DE.
IBC4.DE tracks MSCI South Africa Capped Index, while UEF5.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: 0.65% for IBC4.DE and 0.24% for UEF5.DE.
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