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UEF5.DE vs. EUNZ.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UEF5.DE vs. EUNZ.DE

Last updated Jun 5, 2026

UEF5.DE (UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds - UEF5.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped while EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past 10 years, UEF5.DE returned 9.52%/yr vs 6.20%/yr for EUNZ.DE. Their correlation of 0.86 suggests significant overlap in exposure. UEF5.DE charges 0.24%/yr vs 0.40%/yr for EUNZ.DE.

Performance

UEF5.DE vs. EUNZ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UEF5.DE) and iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE). The values are adjusted to include any dividend payments, if applicable.

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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 EUNZ.DE's 18.69% return. Over the past 10 years, UEF5.DE has outperformed EUNZ.DE with an annualized return of 9.52%, while EUNZ.DE has yielded a comparatively lower 6.20% annualized 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%

EUNZ.DE

1D
-1.19%
1M
5.16%
YTD
18.69%
6M
18.37%
1Y
22.59%
3Y*
11.07%
5Y*
6.48%
10Y*
6.20%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UEF5.DE vs. EUNZ.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
EUNZ.DE
iShares Edge MSCI EM Minimum Volatility UCITS ETF		18.69%-0.15%15.73%3.85%-8.85%13.05%-2.49%10.59%-1.89%11.39%

Correlation

The correlation between UEF5.DE and EUNZ.DE is 0.83, 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

0.83

Correlation (3Y)
Calculated over the trailing 3-year period

0.77

Correlation (5Y)
Calculated over the trailing 5-year period

0.80

Correlation (10Y)
Calculated over the trailing 10-year period

0.85

Correlation (All Time)
Calculated using the full available price history since Sep 23, 2014

0.86

The correlation between UEF5.DE and EUNZ.DE has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.

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UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis

iShares Edge MSCI EM Minimum Volatility UCITS ETF

Often compared with UEF5.DE:
UEF5.DE vs. EUNI.DEUEF5.DE vs. UETE.DEUEF5.DE vs. XEMD.DEUEF5.DE vs. SBIM.DEUEF5.DE vs. 36B5.DEUEF5.DE vs. AXQE.DEUEF5.DE vs. QDVS.DE
Often compared with EUNZ.DE:
EUNZ.DE vs. IBCK.DEEUNZ.DE vs. TDIV.ASEUNZ.DE vs. CNDX.LEUNZ.DE vs. IQQ0.DEEUNZ.DE vs. IS3S.DEEUNZ.DE vs. ACUG.DEEUNZ.DE vs. 36B5.DE

Return for Risk

UEF5.DE vs. EUNZ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UEF5.DE
UEF5.DE Risk / Return Rank: 9191
Overall Rank
UEF5.DE Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
UEF5.DE Sortino Ratio Rank: 9090
Sortino Ratio Rank
UEF5.DE Omega Ratio Rank: 8989
Omega Ratio Rank
UEF5.DE Calmar Ratio Rank: 9292
Calmar Ratio Rank
UEF5.DE Martin Ratio Rank: 9191
Martin Ratio Rank
EUNZ.DE
EUNZ.DE Risk / Return Rank: 5858
Overall Rank
EUNZ.DE Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
EUNZ.DE Sortino Ratio Rank: 5757
Sortino Ratio Rank
EUNZ.DE Omega Ratio Rank: 5858
Omega Ratio Rank
EUNZ.DE Calmar Ratio Rank: 6161
Calmar Ratio Rank
EUNZ.DE Martin Ratio Rank: 6060
Martin Ratio Rank
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.

UEF5.DE vs. EUNZ.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 iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.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.DEEUNZ.DEDifference
Sharpe ratioReturn per unit of total volatility
3.14
1.85

+1.30

Sortino ratioReturn per unit of downside risk
4.18
2.65

+1.53

Omega ratioGain probability vs. loss probability

1.55

1.35

+0.20

Calmar ratioReturn relative to maximum drawdown

6.29

3.00

+3.30

Martin ratioReturn relative to average drawdown

21.83

10.57

+11.27

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UEF5.DE vs. EUNZ.DE - Sharpe Ratio Comparison

The current UEF5.DE Sharpe Ratio is 3.14, which is higher than the EUNZ.DE Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of UEF5.DE and EUNZ.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.

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Sharpe Ratios by Period

UEF5.DEEUNZ.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.14

1.85

+1.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.57

0.56

+0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.50

0.46

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.35

+0.05

Drawdowns

UEF5.DE vs. EUNZ.DE - Drawdown Comparison

The maximum UEF5.DE drawdown since its inception was -36.71%, which is greater than EUNZ.DE's maximum drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for UEF5.DE and EUNZ.DE.

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Drawdown Indicators

UEF5.DEEUNZ.DEDifference

Max Drawdown

Largest peak-to-trough decline

-36.71%

-30.47%

-6.24%

Max Drawdown (1Y)

Largest decline over 1 year

-9.52%

-7.50%

-2.02%

Max Drawdown (3Y)

Largest decline over 3 years

-20.41%

-14.00%

-6.41%

Max Drawdown (5Y)

Largest decline over 5 years

-24.34%

-14.00%

-10.34%

Max Drawdown (10Y)

Largest decline over 10 years

-36.71%

-26.15%

-10.56%

Current Drawdown

Current decline from peak

-2.55%

-1.96%

-0.59%

Average Drawdown

Average peak-to-trough decline

-9.99%

-7.62%

-2.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.75%

2.13%

+0.62%

Volatility

UEF5.DE vs. EUNZ.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 iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) at 4.75%. This indicates that UEF5.DE's price experiences larger fluctuations and is considered to be riskier than EUNZ.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.DEEUNZ.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.72%

4.75%

+3.97%

Volatility (6M)

Calculated over the trailing 6-month period

15.86%

10.35%

+5.51%

Volatility (1Y)

Calculated over the trailing 1-year period

19.10%

12.18%

+6.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.66%

11.41%

+6.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.88%

13.32%

+5.56%

UEF5.DE vs. EUNZ.DE - Expense Ratio Comparison

UEF5.DE has a 0.24% expense ratio, which is lower than EUNZ.DE's 0.40% expense ratio.

Dividends

UEF5.DE vs. EUNZ.DE - Dividend Comparison

UEF5.DE's dividend yield for the trailing twelve months is around 1.58%, while EUNZ.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
EUNZ.DE
iShares Edge MSCI EM Minimum Volatility UCITS ETF		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 EUNZ.DE have a correlation of 0.83, 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 0.40% for EUNZ.DE.

UEF5.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped, while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. They also come from different issuers: UBS and iShares. Their fees differ too: 0.24% for UEF5.DE and 0.40% for EUNZ.DE.

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