IEFM.L vs. UET5.DE
IEFM.L (iShares Edge MSCI Europe Momentum Factor UCITS ETF) and UET5.DE (UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist) are both exchange-traded funds - IEFM.L is a Momentum fund tracking the MSCI Europe Momentum Index, while UET5.DE is a Europe Equities fund tracking the EURO STOXX® 50 ESG. Both are passively managed. Over the past 5 years, IEFM.L returned 11.50%/yr vs 13.96%/yr for UET5.DE. A 0.79 correlation means they provide meaningful diversification when combined. IEFM.L charges 0.25%/yr vs 0.10%/yr for UET5.DE.
Performance
IEFM.L vs. UET5.DE - Performance Comparison
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Different Trading Currencies
IEFM.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, IEFM.L achieves a 6.92% return, which is significantly lower than UET5.DE's 7.70% return.
IEFM.L
- 1D
- -0.17%
- 1M
- 2.97%
- YTD
- 6.92%
- 6M
- 10.23%
- 1Y
- 20.60%
- 3Y*
- 20.30%
- 5Y*
- 11.50%
- 10Y*
- 12.41%
UET5.DE
- 1D
- 0.90%
- 1M
- 5.48%
- YTD
- 7.70%
- 6M
- 9.16%
- 1Y
- 22.37%
- 3Y*
- 19.03%
- 5Y*
- 13.96%
- 10Y*
- —
IEFM.L vs. UET5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IEFM.L iShares Edge MSCI Europe Momentum Factor UCITS ETF | 6.92% | 33.05% | 15.03% | 10.37% | -9.80% | 14.07% | 17.04% | 4.31% |
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 IEFM.L and UET5.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2019 | 0.79 |
The correlation between IEFM.L and UET5.DE has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
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Return for Risk
IEFM.L vs. UET5.DE — Risk / Return Rank
IEFM.L
UET5.DE
IEFM.L vs. UET5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.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.
| IEFM.L | UET5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 1.82 | -0.36 |
| Martin ratioReturn relative to average drawdown | 3.55 | 6.40 | -2.86 |
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
| IEFM.L | UET5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 1.34 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.80 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.70 | -0.03 |
Drawdowns
IEFM.L vs. UET5.DE - Drawdown Comparison
The maximum IEFM.L drawdown since its inception was -23.88%, smaller than the maximum UET5.DE drawdown of -31.39%. Use the drawdown chart below to compare losses from any high point for IEFM.L and UET5.DE.
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Drawdown Indicators
| IEFM.L | UET5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.88% | -31.39% | +7.51% |
Max Drawdown (1Y)Largest decline over 1 year | -14.04% | -12.20% | -1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -14.04% | -14.02% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -21.33% | -21.03% | -0.30% |
Max Drawdown (10Y)Largest decline over 10 years | -23.88% | — | — |
Current DrawdownCurrent decline from peak | -1.75% | -0.09% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -4.33% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.79% | 3.48% | +2.31% |
Volatility
IEFM.L vs. UET5.DE - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Momentum Factor UCITS ETF (IEFM.L) is 3.99%, while UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist (UET5.DE) has a volatility of 4.87%. This indicates that IEFM.L experiences smaller price fluctuations and is considered to be less risky than UET5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEFM.L | UET5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 4.87% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 13.91% | 13.74% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 16.60% | +8.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.82% | 17.34% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.03% | 19.40% | -2.37% |
IEFM.L vs. UET5.DE - Expense Ratio Comparison
IEFM.L has a 0.25% expense ratio, which is higher than UET5.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IEFM.L vs. UET5.DE - Dividend Comparison
IEFM.L has not paid dividends to shareholders, while UET5.DE's dividend yield for the trailing twelve months is around 2.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IEFM.L iShares Edge MSCI Europe Momentum Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
IEFM.L and UET5.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UET5.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UET5.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for IEFM.L.
IEFM.L is categorized as Momentum, while UET5.DE is Europe Equities. IEFM.L tracks MSCI Europe Momentum Index, while UET5.DE tracks EURO STOXX® 50 ESG. They also come from different issuers: iShares and UBS. Their fees differ too: 0.25% for IEFM.L and 0.10% for UET5.DE.
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