UEF5.DE vs. V3MA.DE

Last updated Jun 5, 2026

UEF5.DE (UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis) and V3MA.DE (Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating) are both Emerging Markets Equities funds - UEF5.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped while V3MA.DE tracks the FTSE Emerging All Cap Choice. Both are passively managed. Over the past year, UEF5.DE returned 59.20% vs 30.41% for V3MA.DE. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.24% expense ratio.

Performance

UEF5.DE vs. V3MA.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 Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating (V3MA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UEF5.DE achieves a 34.15% return, which is significantly higher than V3MA.DE's 16.20% 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%

V3MA.DE

• 1D: -0.58%
• 1M: 1.58%
• YTD: 16.20%
• 6M: 16.10%
• 1Y: 30.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UEF5.DE vs. V3MA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
UEF5.DE UBS ETF (LU) MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis	34.15%	21.04%	0.29%
V3MA.DE Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating	16.20%	10.67%	1.36%

Correlation

The correlation between UEF5.DE and V3MA.DE is 0.87, 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	0.87
Correlation (All Time) Calculated using the full available price history since Nov 4, 2024	0.85

The correlation between UEF5.DE and V3MA.DE has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

Return for Risk

UEF5.DE vs. V3MA.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: 91
UEF5.DE Sharpe Ratio Rank: 91
UEF5.DE Sortino Ratio Rank: 90
UEF5.DE Omega Ratio Rank: 89
UEF5.DE Calmar Ratio Rank: 92
UEF5.DE Martin Ratio Rank: 91

V3MA.DE

V3MA.DE Risk / Return Rank: 64
V3MA.DE Sharpe Ratio Rank: 62
V3MA.DE Sortino Ratio Rank: 62
V3MA.DE Omega Ratio Rank: 62
V3MA.DE Calmar Ratio Rank: 70
V3MA.DE Martin Ratio Rank: 64

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. V3MA.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 Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating (V3MA.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	V3MA.DE	Difference
Sharpe ratio: Return per unit of total volatility	3.14	2.04	+1.11
Sortino ratio: Return per unit of downside risk	4.18	2.86	+1.32
Omega ratio: Gain probability vs. loss probability	1.55	1.37	+0.18
Calmar ratio: Return relative to maximum drawdown	6.29	3.45	+2.84
Martin ratio: Return relative to average drawdown	21.83	11.63	+10.21
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. V3MA.DE - Sharpe Ratio Comparison

The current UEF5.DE Sharpe Ratio is 3.14, which is higher than the V3MA.DE Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of UEF5.DE and V3MA.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.

Sharpe Ratios by Period

	UEF5.DE	V3MA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.14	2.04	+1.11
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	1.12	-0.72

Drawdowns

UEF5.DE vs. V3MA.DE - Drawdown Comparison

The maximum UEF5.DE drawdown since its inception was -36.71%, which is greater than V3MA.DE's maximum drawdown of -19.79%. Use the drawdown chart below to compare losses from any high point for UEF5.DE and V3MA.DE.

Drawdown Indicators

	UEF5.DE	V3MA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.71%	-19.79%	-16.92%
Max Drawdown (1Y) Largest decline over 1 year	-9.52%	-9.00%	-0.52%
Max Drawdown (3Y) Largest decline over 3 years	-20.41%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.34%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.71%	—	—
Current Drawdown Current decline from peak	-2.55%	-1.50%	-1.05%
Average Drawdown Average peak-to-trough decline	-9.99%	-3.29%	-6.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	2.68%	+0.07%

Volatility

UEF5.DE vs. V3MA.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 Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating (V3MA.DE) at 5.43%. This indicates that UEF5.DE's price experiences larger fluctuations and is considered to be riskier than V3MA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UEF5.DE	V3MA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.72%	5.43%	+3.29%
Volatility (6M) Calculated over the trailing 6-month period	15.86%	12.23%	+3.63%
Volatility (1Y) Calculated over the trailing 1-year period	19.10%	15.26%	+3.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.66%	16.83%	+0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.88%	16.83%	+2.05%

UEF5.DE vs. V3MA.DE - Expense Ratio Comparison

Both UEF5.DE and V3MA.DE have an expense ratio of 0.24%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

UEF5.DE vs. V3MA.DE - Dividend Comparison

UEF5.DE's dividend yield for the trailing twelve months is around 1.58%, while V3MA.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
V3MA.DE Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UEF5.DE and V3MA.DE in my portfolio?

UEF5.DE and V3MA.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UEF5.DE or V3MA.DE?

Both ETFs have the same 0.24% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UEF5.DE or V3MA.DE?

UEF5.DE and V3MA.DE have the same expense ratio: 0.24% per year.

What is the main difference between UEF5.DE and V3MA.DE?

UEF5.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped, while V3MA.DE tracks FTSE Emerging All Cap Choice. They also come from different issuers: UBS and Vanguard.