UEF5.DE vs. AXQE.DE
UEF5.DE (UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis) and AXQE.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating) are both Emerging Markets Equities funds - UEF5.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped while AXQE.DE tracks the MSCI Emerging Markets ex China Climate Paris Aligned (EUR Hedged). Both are passively managed. Over the past year, UEF5.DE returned 60.24% vs 68.61% for AXQE.DE. A 0.77 correlation means they provide meaningful diversification when combined. UEF5.DE charges 0.24%/yr vs 0.30%/yr for AXQE.DE.
Performance
UEF5.DE vs. AXQE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEF5.DE achieves a 34.15% return, which is significantly lower than AXQE.DE's 37.94% return.
UEF5.DE
- 1D
- -1.52%
- 1M
- 8.51%
- YTD
- 34.15%
- 6M
- 36.47%
- 1Y
- 60.24%
- 3Y*
- 24.16%
- 5Y*
- 10.12%
- 10Y*
- 9.52%
AXQE.DE
- 1D
- -0.91%
- 1M
- 6.45%
- YTD
- 37.94%
- 6M
- 42.42%
- 1Y
- 68.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UEF5.DE vs. AXQE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UEF5.DE UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis | 34.15% | 16.06% |
AXQE.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating | 37.94% | 28.56% |
Correlation
The correlation between UEF5.DE and AXQE.DE is 0.78, 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 | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | 0.77 |
The correlation between UEF5.DE and AXQE.DE has been stable across timeframes, ranging from 0.77 to 0.78 - a consistent structural relationship.
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Return for Risk
UEF5.DE vs. AXQE.DE — Risk / Return Rank
UEF5.DE
AXQE.DE
UEF5.DE vs. AXQE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UEF5.DE) and AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating (AXQE.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.
| UEF5.DE | AXQE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.51 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 6.29 | 3.48 | +2.82 |
| Martin ratioReturn relative to average drawdown | 21.83 | 14.04 | +7.80 |
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
| UEF5.DE | AXQE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 2.10 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 1.81 | -1.40 |
Drawdowns
UEF5.DE vs. AXQE.DE - Drawdown Comparison
The maximum UEF5.DE drawdown since its inception was -36.71%, which is greater than AXQE.DE's maximum drawdown of -19.63%. Use the drawdown chart below to compare losses from any high point for UEF5.DE and AXQE.DE.
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Drawdown Indicators
| UEF5.DE | AXQE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.71% | -19.63% | -17.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.52% | -19.63% | +10.11% |
Max Drawdown (3Y)Largest decline over 3 years | -20.41% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.71% | — | — |
Current DrawdownCurrent decline from peak | -2.55% | -2.54% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -9.99% | -2.70% | -7.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 4.87% | -2.12% |
Volatility
UEF5.DE vs. AXQE.DE - Volatility Comparison
The current volatility for UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UEF5.DE) is 8.72%, while AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating (AXQE.DE) has a volatility of 9.35%. This indicates that UEF5.DE experiences smaller price fluctuations and is considered to be less risky than AXQE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEF5.DE | AXQE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.72% | 9.35% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 15.86% | 30.41% | -14.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.10% | 32.57% | -13.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 30.53% | -12.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 30.53% | -11.65% |
UEF5.DE vs. AXQE.DE - Expense Ratio Comparison
UEF5.DE has a 0.24% expense ratio, which is lower than AXQE.DE's 0.30% expense ratio.
Dividends
UEF5.DE vs. AXQE.DE - Dividend Comparison
UEF5.DE's dividend yield for the trailing twelve months is around 1.58%, while AXQE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AXQE.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UEF5.DE UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis | 1.58% | 2.19% | 1.73% | 2.36% | 2.19% | 1.32% | 1.89% | 2.00% | 2.16% | 2.00% | 2.30% | 1.65% |
Frequently Asked Questions
UEF5.DE and AXQE.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEF5.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEF5.DE is cheaper with a 0.24% expense ratio, compared with 0.30% for AXQE.DE.
UEF5.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped, while AXQE.DE tracks MSCI Emerging Markets ex China Climate Paris Aligned (EUR Hedged). They also come from different issuers: UBS and AXA IM. Their fees differ too: 0.24% for UEF5.DE and 0.30% for AXQE.DE.
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