UEF5.DE vs. IBC3.DE
UEF5.DE (UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis) and IBC3.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF) are both Emerging Markets Equities funds - UEF5.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped while IBC3.DE tracks the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 5 years, UEF5.DE returned 10.12%/yr vs 8.85%/yr for IBC3.DE. Their correlation of 0.94 suggests significant overlap in exposure. UEF5.DE charges 0.24%/yr vs 0.18%/yr for IBC3.DE.
Performance
UEF5.DE vs. IBC3.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UEF5.DE achieves a 34.15% return, which is significantly higher than IBC3.DE's 25.91% return.
UEF5.DE
- 1D
- -1.52%
- 1M
- 6.86%
- YTD
- 34.15%
- 6M
- 35.47%
- 1Y
- 59.20%
- 3Y*
- 24.16%
- 5Y*
- 10.12%
- 10Y*
- 9.52%
IBC3.DE
- 1D
- -1.44%
- 1M
- 3.09%
- YTD
- 25.91%
- 6M
- 26.49%
- 1Y
- 46.24%
- 3Y*
- 20.30%
- 5Y*
- 8.85%
- 10Y*
- —
UEF5.DE vs. IBC3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -5.50% |
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 25.91% | 17.59% | 14.06% | 7.48% | -13.80% | 7.38% | 7.44% | 21.30% | -9.19% |
Correlation
The correlation between UEF5.DE and IBC3.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2018 | 0.94 |
The correlation between UEF5.DE and IBC3.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UEF5.DE vs. IBC3.DE — Risk / Return Rank
UEF5.DE
IBC3.DE
UEF5.DE vs. IBC3.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 Core MSCI Emerging Markets IMI UCITS ETF (IBC3.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 | IBC3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.49 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 6.29 | 4.51 | +1.78 |
| Martin ratioReturn relative to average drawdown | 21.83 | 16.28 | +5.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| UEF5.DE | IBC3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 2.71 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.54 | +0.03 |
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 | 0.47 | -0.07 |
Drawdowns
UEF5.DE vs. IBC3.DE - Drawdown Comparison
The maximum UEF5.DE drawdown since its inception was -36.71%, which is greater than IBC3.DE's maximum drawdown of -31.89%. Use the drawdown chart below to compare losses from any high point for UEF5.DE and IBC3.DE.
Loading charts...
Drawdown Indicators
| UEF5.DE | IBC3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.71% | -31.89% | -4.82% |
Max Drawdown (1Y)Largest decline over 1 year | -9.52% | -10.42% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -20.41% | -19.08% | -1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -24.34% | -21.95% | -2.39% |
Max Drawdown (10Y)Largest decline over 10 years | -36.71% | — | — |
Current DrawdownCurrent decline from peak | -2.55% | -2.52% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -9.99% | -7.84% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.89% | -0.14% |
Volatility
UEF5.DE vs. IBC3.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 Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE) at 7.06%. This indicates that UEF5.DE's price experiences larger fluctuations and is considered to be riskier than IBC3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UEF5.DE | IBC3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.72% | 7.06% | +1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 15.86% | 14.60% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.10% | 17.37% | +1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 16.23% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 18.42% | +0.46% |
UEF5.DE vs. IBC3.DE - Expense Ratio Comparison
UEF5.DE has a 0.24% expense ratio, which is higher than IBC3.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
UEF5.DE vs. IBC3.DE - Dividend Comparison
UEF5.DE's dividend yield for the trailing twelve months is around 1.58%, less than IBC3.DE's 1.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 1.88% | 2.26% | 2.44% | 2.69% | 3.36% | 2.18% | 2.09% | 2.56% | 2.08% | 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 0.93, UEF5.DE and IBC3.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, IBC3.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBC3.DE is cheaper with a 0.18% expense ratio, compared with 0.24% for UEF5.DE.
UEF5.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped, while IBC3.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: UBS and iShares. Their fees differ too: 0.24% for UEF5.DE and 0.18% for IBC3.DE.
Find the right allocation for UEF5.DE and IBC3.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer