UEF5.DE vs. SPYX.DE
UEF5.DE (UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis) and SPYX.DE (SPDR MSCI Emerging Markets Small Cap UCITS ETF) are both Emerging Markets Equities funds - UEF5.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped while SPYX.DE tracks the MSCI Emerging Markets Small Cap. Both are passively managed. Over the past 10 years, UEF5.DE returned 9.52%/yr vs 9.22%/yr for SPYX.DE. Their correlation of 0.82 suggests significant overlap in exposure. UEF5.DE charges 0.24%/yr vs 0.55%/yr for SPYX.DE.
Performance
UEF5.DE vs. SPYX.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 SPYX.DE's 17.87% return. Both investments have delivered pretty close results over the past 10 years, with UEF5.DE having a 9.52% annualized return and SPYX.DE not far behind at 9.22%.
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%
SPYX.DE
- 1D
- 0.12%
- 1M
- 0.36%
- YTD
- 17.87%
- 6M
- 16.32%
- 1Y
- 26.78%
- 3Y*
- 14.36%
- 5Y*
- 8.43%
- 10Y*
- 9.22%
UEF5.DE vs. SPYX.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% |
SPYX.DE SPDR MSCI Emerging Markets Small Cap UCITS ETF | 17.87% | 6.29% | 8.50% | 18.50% | -11.19% | 25.16% | 9.05% | 12.87% | -14.74% | 18.63% |
Correlation
The correlation between UEF5.DE and SPYX.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2014 | 0.82 |
The correlation between UEF5.DE and SPYX.DE shifts across timeframes, from 0.69 (3 years) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UEF5.DE vs. SPYX.DE — Risk / Return Rank
UEF5.DE
SPYX.DE
UEF5.DE vs. SPYX.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 SPDR MSCI Emerging Markets Small Cap UCITS ETF (SPYX.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 | SPYX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.28 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 6.29 | 2.77 | +3.52 |
| Martin ratioReturn relative to average drawdown | 21.83 | 9.22 | +12.62 |
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 | SPYX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.14 | 1.60 | +1.55 |
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 | 0.54 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.37 | +0.04 |
Drawdowns
UEF5.DE vs. SPYX.DE - Drawdown Comparison
The maximum UEF5.DE drawdown since its inception was -36.71%, smaller than the maximum SPYX.DE drawdown of -41.12%. Use the drawdown chart below to compare losses from any high point for UEF5.DE and SPYX.DE.
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Drawdown Indicators
| UEF5.DE | SPYX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.71% | -41.12% | +4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.52% | -9.90% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -20.41% | -22.71% | +2.30% |
Max Drawdown (5Y)Largest decline over 5 years | -24.34% | -22.71% | -1.63% |
Max Drawdown (10Y)Largest decline over 10 years | -36.71% | -41.12% | +4.41% |
Current DrawdownCurrent decline from peak | -2.55% | -1.63% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -9.99% | -8.26% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.99% | -0.24% |
Volatility
UEF5.DE vs. SPYX.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 SPDR MSCI Emerging Markets Small Cap UCITS ETF (SPYX.DE) at 7.12%. This indicates that UEF5.DE's price experiences larger fluctuations and is considered to be riskier than SPYX.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 | SPYX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.72% | 7.12% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 15.86% | 14.24% | +1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.10% | 17.22% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 14.85% | +2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.88% | 16.85% | +2.03% |
UEF5.DE vs. SPYX.DE - Expense Ratio Comparison
UEF5.DE has a 0.24% expense ratio, which is lower than SPYX.DE's 0.55% expense ratio.
Dividends
UEF5.DE vs. SPYX.DE - Dividend Comparison
UEF5.DE's dividend yield for the trailing twelve months is around 1.58%, while SPYX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYX.DE SPDR MSCI Emerging Markets Small Cap 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 SPYX.DE have a correlation of 0.73, 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 0.55% for SPYX.DE.
UEF5.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped, while SPYX.DE tracks MSCI Emerging Markets Small Cap. They also come from different issuers: UBS and State Street. Their fees differ too: 0.24% for UEF5.DE and 0.55% for SPYX.DE.
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