LTUR.DE vs. UETE.DE

Last updated Jul 18, 2026

LTUR.DE (Amundi MSCI Turkey UCITS ETF (Acc)) and UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) are both Emerging Markets Equities funds - LTUR.DE tracks the MSCI Turkey Net Total Return 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, LTUR.DE returned 18.43%/yr vs 8.53%/yr for UETE.DE. At a 0.28 correlation, their price movements are largely independent. LTUR.DE charges 0.45%/yr vs 0.24%/yr for UETE.DE.

Performance

LTUR.DE vs. UETE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi MSCI Turkey UCITS ETF (Acc) (LTUR.DE) and UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LTUR.DE achieves a 22.51% return, which is significantly lower than UETE.DE's 26.60% return.

LTUR.DE

• 1D: -1.08%
• 1M: -2.83%
• 6M: 4.46%
• YTD: 22.51%
• 1Y: 22.63%
• 3Y*: 14.52%
• 5Y*: 18.43%
• 10Y*: —

UETE.DE

• 1D: -2.12%
• 1M: -8.01%
• 6M: 20.58%
• YTD: 26.60%
• 1Y: 42.29%
• 3Y*: 21.51%
• 5Y*: 8.53%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LTUR.DE vs. UETE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LTUR.DE Amundi MSCI Turkey UCITS ETF (Acc)	22.51%	-14.56%	27.15%	-8.67%	98.34%	-18.99%	-17.22%	16.93%
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 LTUR.DE and UETE.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
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

Return for Risk

LTUR.DE vs. UETE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LTUR.DE

LTUR.DE Risk / Return Rank: 28
LTUR.DE Sharpe Ratio Rank: 26
LTUR.DE Sortino Ratio Rank: 27
LTUR.DE Omega Ratio Rank: 30
LTUR.DE Calmar Ratio Rank: 31
LTUR.DE Martin Ratio Rank: 27

UETE.DE

UETE.DE Risk / Return Rank: 82
UETE.DE Sharpe Ratio Rank: 82
UETE.DE Sortino Ratio Rank: 78
UETE.DE Omega Ratio Rank: 80
UETE.DE Calmar Ratio Rank: 87
UETE.DE Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LTUR.DE vs. UETE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Turkey UCITS ETF (Acc) (LTUR.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.

	LTUR.DE	UETE.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.71	2.01	-1.30
Sortino ratio: Return per unit of downside risk	1.19	2.69	-1.50
Omega ratio: Gain probability vs. loss probability	1.16	1.36	-0.20
Calmar ratio: Return relative to maximum drawdown	1.20	3.79	-2.59
Martin ratio: Return relative to average drawdown	2.68	12.25	-9.57

LTUR.DE vs. UETE.DE - Sharpe Ratio Comparison

The current LTUR.DE Sharpe Ratio is 0.71, which is lower than the UETE.DE Sharpe Ratio of 2.01. The chart below compares the historical Sharpe Ratios of LTUR.DE and UETE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LTUR.DE vs. UETE.DE - Drawdown Comparison

The maximum LTUR.DE drawdown since its inception was -49.50%, 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 LTUR.DE and UETE.DE.

Drawdown Indicators

	LTUR.DE	UETE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-49.50%	-39.65%	-9.85%
Max Drawdown (1Y) Largest decline over 1 year	-18.75%	-11.11%	-7.64%
Max Drawdown (3Y) Largest decline over 3 years	-35.43%	-20.18%	-15.25%
Max Drawdown (5Y) Largest decline over 5 years	-35.43%	-23.78%	-11.65%
Current Drawdown Current decline from peak	-11.50%	-11.11%	-0.39%
Average Drawdown Average peak-to-trough decline	-19.82%	-11.46%	-8.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.42%	3.44%	+4.98%

Volatility

LTUR.DE vs. UETE.DE - Volatility Comparison

The current volatility for Amundi MSCI Turkey UCITS ETF (Acc) (LTUR.DE) is 6.80%, while UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) has a volatility of 8.41%. This indicates that LTUR.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.

Volatility by Period

	LTUR.DE	UETE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.80%	8.41%	-1.61%
Volatility (6M) Calculated over the trailing 6-month period	27.29%	18.47%	+8.82%
Volatility (1Y) Calculated over the trailing 1-year period	31.93%	21.03%	+10.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.31%	18.51%	+17.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.68%	21.15%	+14.53%

LTUR.DE vs. UETE.DE - Expense Ratio Comparison

LTUR.DE has a 0.45% expense ratio, which is higher than UETE.DE's 0.24% expense ratio.

Dividends

LTUR.DE vs. UETE.DE - Dividend Comparison

Neither LTUR.DE nor UETE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LTUR.DE and UETE.DE in my portfolio?

LTUR.DE and UETE.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LTUR.DE or UETE.DE?

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.

Which ETF is cheaper, LTUR.DE or UETE.DE?

UETE.DE is cheaper with a 0.24% expense ratio, compared with 0.45% for LTUR.DE.

What is the main difference between LTUR.DE and UETE.DE?

LTUR.DE tracks MSCI Turkey Net Total Return 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: 0.45% for LTUR.DE and 0.24% for UETE.DE.