LGQM.DE vs. UETE.DE
LGQM.DE (Amundi Pan Africa UCITS ETF (Acc)) and UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) are both Emerging Markets Equities funds - LGQM.DE tracks the SGI Pan Africa 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, LGQM.DE returned 9.54%/yr vs 8.53%/yr for UETE.DE. A 0.54 correlation means they provide meaningful diversification when combined. LGQM.DE charges 0.85%/yr vs 0.24%/yr for UETE.DE.
Performance
LGQM.DE vs. UETE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LGQM.DE achieves a -3.64% return, which is significantly lower than UETE.DE's 26.60% return.
LGQM.DE
- 1D
- -0.85%
- 1M
- -10.13%
- 6M
- -8.84%
- YTD
- -3.64%
- 1Y
- 27.57%
- 3Y*
- 15.50%
- 5Y*
- 9.54%
- 10Y*
- 4.70%
UETE.DE
- 1D
- -2.12%
- 1M
- -8.01%
- 6M
- 20.58%
- YTD
- 26.60%
- 1Y
- 42.29%
- 3Y*
- 21.51%
- 5Y*
- 8.53%
- 10Y*
- —
LGQM.DE vs. UETE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LGQM.DE Amundi Pan Africa UCITS ETF (Acc) | -3.64% | 51.40% | 12.14% | -3.16% | -5.95% | 9.29% | -6.21% | 3.85% |
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 LGQM.DE and UETE.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.54 |
The correlation between LGQM.DE and UETE.DE has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.
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Return for Risk
LGQM.DE vs. UETE.DE — Risk / Return Rank
LGQM.DE
UETE.DE
LGQM.DE vs. UETE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Pan Africa UCITS ETF (Acc) (LGQM.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.
| LGQM.DE | UETE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.36 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 3.79 | -2.38 |
| Martin ratioReturn relative to average drawdown | 3.31 | 12.25 | -8.94 |
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Drawdowns
LGQM.DE vs. UETE.DE - Drawdown Comparison
The maximum LGQM.DE drawdown since its inception was -61.98%, 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 LGQM.DE and UETE.DE.
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Drawdown Indicators
| LGQM.DE | UETE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.98% | -39.65% | -22.33% |
Max Drawdown (1Y)Largest decline over 1 year | -19.42% | -11.11% | -8.31% |
Max Drawdown (3Y)Largest decline over 3 years | -19.42% | -20.18% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -24.12% | -23.78% | -0.34% |
Max Drawdown (10Y)Largest decline over 10 years | -50.35% | — | — |
Current DrawdownCurrent decline from peak | -15.95% | -11.11% | -4.84% |
Average DrawdownAverage peak-to-trough decline | -26.92% | -11.46% | -15.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.31% | 3.44% | +4.87% |
Volatility
LGQM.DE vs. UETE.DE - Volatility Comparison
The current volatility for Amundi Pan Africa UCITS ETF (Acc) (LGQM.DE) is 6.31%, while UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) has a volatility of 8.41%. This indicates that LGQM.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
| LGQM.DE | UETE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.31% | 8.41% | -2.10% |
Volatility (6M)Calculated over the trailing 6-month period | 27.50% | 18.47% | +9.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.16% | 21.03% | +11.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.79% | 18.51% | +5.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.12% | 21.15% | +1.97% |
LGQM.DE vs. UETE.DE - Expense Ratio Comparison
LGQM.DE has a 0.85% expense ratio, which is higher than UETE.DE's 0.24% expense ratio.
Dividends
LGQM.DE vs. UETE.DE - Dividend Comparison
Neither LGQM.DE nor UETE.DE has paid dividends to shareholders.
Frequently Asked Questions
LGQM.DE and UETE.DE have a correlation of 0.49, 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 0.85% for LGQM.DE.
LGQM.DE tracks SGI Pan Africa Index, while UETE.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.85% for LGQM.DE and 0.24% for UETE.DE.
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