UEF5.DE vs. EL40.DE
UEF5.DE (UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis) and EL40.DE (Deka MSCI Emerging Markets UCITS ETF ) are both Emerging Markets Equities funds - UEF5.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped while EL40.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, UEF5.DE returned 9.52%/yr vs 9.07%/yr for EL40.DE. Their correlation of 0.88 suggests significant overlap in exposure. UEF5.DE charges 0.24%/yr vs 0.66%/yr for EL40.DE.
Performance
UEF5.DE vs. EL40.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 higher than EL40.DE's 26.76% return. Both investments have delivered pretty close results over the past 10 years, with UEF5.DE having a 9.52% annualized return and EL40.DE not far behind at 9.07%.
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%
EL40.DE
- 1D
- -2.26%
- 1M
- 7.03%
- YTD
- 26.76%
- 6M
- 28.51%
- 1Y
- 47.85%
- 3Y*
- 19.57%
- 5Y*
- 7.38%
- 10Y*
- 9.07%
UEF5.DE vs. EL40.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UEF5.DE UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis | 34.15% | 21.04% | 15.43% | 3.76% | -15.31% | 7.01% | 5.32% | 14.48% | -7.65% | 16.40% |
EL40.DE Deka MSCI Emerging Markets UCITS ETF | 26.76% | 17.86% | 13.11% | 4.33% | -14.87% | 4.55% | 5.36% | 20.78% | -11.51% | 19.00% |
Correlation
The correlation between UEF5.DE and EL40.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2014 | 0.88 |
The correlation between UEF5.DE and EL40.DE has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
UEF5.DE vs. EL40.DE — Risk / Return Rank
UEF5.DE
EL40.DE
UEF5.DE vs. EL40.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 Deka MSCI Emerging Markets UCITS ETF (EL40.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 | EL40.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.43 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 6.29 | 2.88 | +3.41 |
| Martin ratioReturn relative to average drawdown | 21.83 | 7.00 | +14.84 |
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 | EL40.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 1.79 | +1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.35 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.44 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.30 | +0.11 |
Drawdowns
UEF5.DE vs. EL40.DE - Drawdown Comparison
The maximum UEF5.DE drawdown since its inception was -36.71%, roughly equal to the maximum EL40.DE drawdown of -36.65%. Use the drawdown chart below to compare losses from any high point for UEF5.DE and EL40.DE.
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Drawdown Indicators
| UEF5.DE | EL40.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.71% | -36.65% | -0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.52% | -16.53% | +7.01% |
Max Drawdown (3Y)Largest decline over 3 years | -20.41% | -18.17% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -24.34% | -25.06% | +0.72% |
Max Drawdown (10Y)Largest decline over 10 years | -36.71% | -31.59% | -5.12% |
Current DrawdownCurrent decline from peak | -2.55% | -3.01% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -9.99% | -11.60% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 6.82% | -4.07% |
Volatility
UEF5.DE vs. EL40.DE - Volatility Comparison
UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UEF5.DE) has a higher volatility of 8.72% compared to Deka MSCI Emerging Markets UCITS ETF (EL40.DE) at 8.00%. This indicates that UEF5.DE's price experiences larger fluctuations and is considered to be riskier than EL40.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 | EL40.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.72% | 8.00% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 15.86% | 15.83% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.10% | 26.69% | -7.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 20.75% | -3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 20.44% | -1.56% |
UEF5.DE vs. EL40.DE - Expense Ratio Comparison
UEF5.DE has a 0.24% expense ratio, which is lower than EL40.DE's 0.66% expense ratio.
Dividends
UEF5.DE vs. EL40.DE - Dividend Comparison
UEF5.DE's dividend yield for the trailing twelve months is around 1.58%, while EL40.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL40.DE Deka MSCI Emerging Markets UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.07% | 0.00% | 0.02% | 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 EL40.DE have a correlation of 0.86, 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 0.66% for EL40.DE.
UEF5.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped, while EL40.DE tracks MSCI Emerging Markets. They also come from different issuers: UBS and Deka Investment GmbH. Their fees differ too: 0.24% for UEF5.DE and 0.66% for EL40.DE.
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