UEF5.DE vs. H41E.DE
UEF5.DE (UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis) and H41E.DE (HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc)) are both Emerging Markets Equities funds - UEF5.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped while H41E.DE tracks the MSCI Emerging Markets Value SRI ESG Target Select. Both are passively managed. Over the past 3 years, UEF5.DE returned 24.16%/yr vs 27.78%/yr for H41E.DE. Their correlation of 0.90 suggests significant overlap in exposure. UEF5.DE charges 0.24%/yr vs 0.35%/yr for H41E.DE.
Performance
UEF5.DE vs. H41E.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 H41E.DE's 39.52% 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%
H41E.DE
- 1D
- -1.46%
- 1M
- 11.44%
- YTD
- 39.52%
- 6M
- 42.99%
- 1Y
- 69.89%
- 3Y*
- 27.78%
- 5Y*
- —
- 10Y*
- —
UEF5.DE vs. H41E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UEF5.DE UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis | 34.15% | 21.04% | 15.43% | 3.76% | -3.30% |
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) | 39.52% | 22.02% | 17.74% | 11.43% | -2.00% |
Correlation
The correlation between UEF5.DE and H41E.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2022 | 0.90 |
The correlation between UEF5.DE and H41E.DE has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.
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Return for Risk
UEF5.DE vs. H41E.DE — Risk / Return Rank
UEF5.DE
H41E.DE
UEF5.DE vs. H41E.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 HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.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 | H41E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.69 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 6.29 | 7.09 | -0.80 |
| Martin ratioReturn relative to average drawdown | 21.83 | 25.00 | -3.17 |
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 | H41E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 3.91 | -0.77 |
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 | 1.56 | -1.15 |
Drawdowns
UEF5.DE vs. H41E.DE - Drawdown Comparison
The maximum UEF5.DE drawdown since its inception was -36.71%, which is greater than H41E.DE's maximum drawdown of -20.92%. Use the drawdown chart below to compare losses from any high point for UEF5.DE and H41E.DE.
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Drawdown Indicators
| UEF5.DE | H41E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.71% | -20.92% | -15.79% |
Max Drawdown (1Y)Largest decline over 1 year | -9.52% | -9.80% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -20.41% | -20.92% | +0.51% |
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% | -3.33% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -9.99% | -3.10% | -6.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.79% | -0.04% |
Volatility
UEF5.DE vs. H41E.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 HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) (H41E.DE) at 7.97%. This indicates that UEF5.DE's price experiences larger fluctuations and is considered to be riskier than H41E.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 | H41E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.72% | 7.97% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 15.86% | 14.66% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.10% | 17.80% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 16.06% | +1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 16.06% | +2.82% |
UEF5.DE vs. H41E.DE - Expense Ratio Comparison
UEF5.DE has a 0.24% expense ratio, which is lower than H41E.DE's 0.35% expense ratio.
Dividends
UEF5.DE vs. H41E.DE - Dividend Comparison
UEF5.DE's dividend yield for the trailing twelve months is around 1.58%, while H41E.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H41E.DE HSBC MSCI Emerging Markets Value ESG UCITS ETF USD (Acc) | 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
With a correlation of 0.90, UEF5.DE and H41E.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.35% for H41E.DE.
UEF5.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped, while H41E.DE tracks MSCI Emerging Markets Value SRI ESG Target Select. They also come from different issuers: UBS and HSBC. Their fees differ too: 0.24% for UEF5.DE and 0.35% for H41E.DE.
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