IQQ5.DE vs. UETE.DE
IQQ5.DE (iShares MSCI Turkey UCITS ETF USD (Dist)) and UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) are both Emerging Markets Equities funds - IQQ5.DE tracks the MSCI Turkey Index while UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 5 years, IQQ5.DE returned 16.37%/yr vs 8.53%/yr for UETE.DE. At a 0.28 correlation, their price movements are largely independent. IQQ5.DE charges 0.74%/yr vs 0.24%/yr for UETE.DE.
Performance
IQQ5.DE vs. UETE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQ5.DE achieves a 21.66% return, which is significantly lower than UETE.DE's 26.60% return.
IQQ5.DE
- 1D
- -1.39%
- 1M
- -2.44%
- 6M
- 3.95%
- YTD
- 21.66%
- 1Y
- 20.75%
- 3Y*
- 12.57%
- 5Y*
- 16.37%
- 10Y*
- 0.85%
UETE.DE
- 1D
- -2.12%
- 1M
- -8.01%
- 6M
- 20.58%
- YTD
- 26.60%
- 1Y
- 42.29%
- 3Y*
- 21.51%
- 5Y*
- 8.53%
- 10Y*
- —
IQQ5.DE vs. UETE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IQQ5.DE iShares MSCI Turkey UCITS ETF USD (Dist) | 21.66% | -15.96% | 24.70% | -10.45% | 93.90% | -20.23% | -16.97% | 16.46% |
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 26.60% | 21.01% | 16.13% | 2.59% | -15.04% | 7.14% | 5.67% | -5.92% |
Correlation
The correlation between IQQ5.DE and UETE.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.28 |
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Return for Risk
IQQ5.DE vs. UETE.DE — Risk / Return Rank
IQQ5.DE
UETE.DE
IQQ5.DE vs. UETE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Turkey UCITS ETF USD (Dist) (IQQ5.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.
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.
| IQQ5.DE | UETE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.36 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 3.79 | -2.28 |
| Martin ratioReturn relative to average drawdown | 3.53 | 12.25 | -8.72 |
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Drawdowns
IQQ5.DE vs. UETE.DE - Drawdown Comparison
The maximum IQQ5.DE drawdown since its inception was -75.94%, which is greater than UETE.DE's maximum drawdown of -39.65%. Use the drawdown chart below to compare losses from any high point for IQQ5.DE and UETE.DE.
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Drawdown Indicators
| IQQ5.DE | UETE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.94% | -39.65% | -36.29% |
Max Drawdown (1Y)Largest decline over 1 year | -13.68% | -11.11% | -2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -36.14% | -20.18% | -15.96% |
Max Drawdown (5Y)Largest decline over 5 years | -36.14% | -23.78% | -12.36% |
Max Drawdown (10Y)Largest decline over 10 years | -66.59% | — | — |
Current DrawdownCurrent decline from peak | -33.93% | -11.11% | -22.82% |
Average DrawdownAverage peak-to-trough decline | -40.23% | -11.46% | -28.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.86% | 3.44% | +2.42% |
Volatility
IQQ5.DE vs. UETE.DE - Volatility Comparison
The current volatility for iShares MSCI Turkey UCITS ETF USD (Dist) (IQQ5.DE) is 6.21%, while UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) has a volatility of 8.41%. This indicates that IQQ5.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
| IQQ5.DE | UETE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | 8.41% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 20.31% | 18.47% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.10% | 21.03% | +5.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.35% | 18.51% | +16.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.13% | 21.15% | +12.98% |
IQQ5.DE vs. UETE.DE - Expense Ratio Comparison
IQQ5.DE has a 0.74% expense ratio, which is higher than UETE.DE's 0.24% expense ratio.
Dividends
IQQ5.DE vs. UETE.DE - Dividend Comparison
IQQ5.DE's dividend yield for the trailing twelve months is around 1.81%, while UETE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQ5.DE iShares MSCI Turkey UCITS ETF USD (Dist) | 1.81% | 1.84% | 2.06% | 2.77% | 1.75% | 3.02% | 0.56% | 2.14% | 4.07% | 1.78% | 1.68% | 2.18% |
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
IQQ5.DE and UETE.DE have a correlation of 0.23, 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 IQQ5.DE.
IQQ5.DE tracks MSCI Turkey Index, 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 IQQ5.DE and 0.24% for UETE.DE.
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