IS0S.DE vs. UEFS.DE
IS0S.DE (iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist)) and UEFS.DE (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist) are both Emerging Markets Bonds funds - IS0S.DE tracks the Bloomberg Emerging Markets Asia Local Currency Govt Country Capped Index while UEFS.DE tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped. Both are passively managed. Over the past 10 years, IS0S.DE returned 1.09%/yr vs 3.22%/yr for UEFS.DE. At a 0.48 correlation, their price movements are largely independent. IS0S.DE charges 0.50%/yr vs 0.25%/yr for UEFS.DE.
Performance
IS0S.DE vs. UEFS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS0S.DE achieves a -1.86% return, which is significantly lower than UEFS.DE's 5.99% return. Over the past 10 years, IS0S.DE has underperformed UEFS.DE with an annualized return of 1.09%, while UEFS.DE has yielded a comparatively higher 3.22% annualized return.
IS0S.DE
- 1D
- 0.11%
- 1M
- 1.98%
- 6M
- -2.06%
- YTD
- -1.86%
- 1Y
- -3.00%
- 3Y*
- 0.27%
- 5Y*
- 0.54%
- 10Y*
- 1.09%
UEFS.DE
- 1D
- 0.12%
- 1M
- 2.05%
- 6M
- 5.48%
- YTD
- 5.99%
- 1Y
- 14.42%
- 3Y*
- 9.07%
- 5Y*
- 3.20%
- 10Y*
- 3.22%
IS0S.DE vs. UEFS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0S.DE iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | -1.86% | -5.90% | 7.58% | 1.14% | -1.88% | 3.53% | -0.48% | 11.65% | 2.34% | -1.14% |
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 5.99% | 2.26% | 13.85% | 8.27% | -14.71% | 5.65% | -4.63% | 17.08% | 0.30% | -3.07% |
Correlation
The correlation between IS0S.DE and UEFS.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2016 | 0.48 |
The correlation between IS0S.DE and UEFS.DE shifts across timeframes, from 0.48 (5 years) to 0.60 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IS0S.DE vs. UEFS.DE — Risk / Return Rank
IS0S.DE
UEFS.DE
IS0S.DE vs. UEFS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (IS0S.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.
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.
| IS0S.DE | UEFS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.87 | ||
| Sortino ratioReturn per unit of downside risk | -4.12 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.45 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 4.91 | -5.39 |
| Martin ratioReturn relative to average drawdown | -0.94 | 15.11 | -16.04 |
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Drawdowns
IS0S.DE vs. UEFS.DE - Drawdown Comparison
The maximum IS0S.DE drawdown since its inception was -30.09%, which is greater than UEFS.DE's maximum drawdown of -24.33%. Use the drawdown chart below to compare losses from any high point for IS0S.DE and UEFS.DE.
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Drawdown Indicators
| IS0S.DE | UEFS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.09% | -24.33% | -5.76% |
Max Drawdown (1Y)Largest decline over 1 year | -6.25% | -2.92% | -3.33% |
Max Drawdown (3Y)Largest decline over 3 years | -11.41% | -13.71% | +2.30% |
Max Drawdown (5Y)Largest decline over 5 years | -11.41% | -17.81% | +6.40% |
Max Drawdown (10Y)Largest decline over 10 years | -16.46% | -24.33% | +7.87% |
Current DrawdownCurrent decline from peak | -9.65% | -0.70% | -8.95% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -9.00% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 0.95% | +2.24% |
Volatility
IS0S.DE vs. UEFS.DE - Volatility Comparison
The current volatility for iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) (IS0S.DE) is 1.16%, while UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.DE) has a volatility of 1.52%. This indicates that IS0S.DE experiences smaller price fluctuations and is considered to be less risky 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
| IS0S.DE | UEFS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.52% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 4.09% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 6.23% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 8.74% | -2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.36% | 12.92% | -2.56% |
IS0S.DE vs. UEFS.DE - Expense Ratio Comparison
IS0S.DE has a 0.50% expense ratio, which is higher than UEFS.DE's 0.25% expense ratio.
Dividends
IS0S.DE vs. UEFS.DE - Dividend Comparison
IS0S.DE's dividend yield for the trailing twelve months is around 3.54%, less than UEFS.DE's 6.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0S.DE iShares Emerging Asia Local Govt Bond UCITS ETF USD (Dist) | 3.54% | 3.49% | 2.94% | 2.89% | 2.96% | 2.30% | 3.05% | 2.44% | 2.50% | 2.19% | 2.90% | 1.15% |
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 6.37% | 7.97% | 6.14% | 6.46% | 6.08% | 4.22% | 5.09% | 4.60% | 4.53% | 4.90% | 2.30% | 0.00% |
Frequently Asked Questions
IS0S.DE and UEFS.DE have a correlation of 0.60, 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 0.50% for IS0S.DE.
IS0S.DE tracks Bloomberg Emerging Markets Asia Local Currency Govt Country Capped Index, while UEFS.DE tracks Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped. They also come from different issuers: iShares and UBS. Their fees differ too: 0.50% for IS0S.DE and 0.25% for UEFS.DE.
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