UEFE.DE vs. 3SUD.DE
UEFE.DE (UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis) and 3SUD.DE (iShares J.P. Morgan USD EM Bond UCITS ETF Acc) are both Emerging Markets Bonds funds - UEFE.DE tracks the JP Morgan Emerging Markets Multi-Factor Enhanced Local Currency Bond while 3SUD.DE tracks the JP Morgan EMBI Global Core (EUR Hedged). Both are passively managed. Over the past 5 years, UEFE.DE returned 4.93%/yr vs -0.28%/yr for 3SUD.DE. At a 0.28 correlation, their price movements are largely independent. UEFE.DE charges 0.40%/yr vs 0.50%/yr for 3SUD.DE.
Performance
UEFE.DE vs. 3SUD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEFE.DE achieves a 2.04% return, which is significantly higher than 3SUD.DE's 0.90% return.
UEFE.DE
- 1D
- -0.42%
- 1M
- 1.09%
- YTD
- 2.04%
- 6M
- 2.04%
- 1Y
- 7.90%
- 3Y*
- 7.16%
- 5Y*
- 4.93%
- 10Y*
- —
3SUD.DE
- 1D
- 0.21%
- 1M
- -0.03%
- YTD
- 0.90%
- 6M
- 1.33%
- 1Y
- 9.11%
- 3Y*
- 7.55%
- 5Y*
- -0.28%
- 10Y*
- —
UEFE.DE vs. 3SUD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UEFE.DE UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis | 2.04% | 5.88% | 6.93% | 15.75% | -6.22% | 2.54% | -2.71% | 12.37% |
3SUD.DE iShares J.P. Morgan USD EM Bond UCITS ETF Acc | 0.90% | 11.55% | 3.78% | 7.69% | -20.75% | -3.48% | 3.15% | 6.67% |
Correlation
The correlation between UEFE.DE and 3SUD.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2019 | 0.28 |
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Return for Risk
UEFE.DE vs. 3SUD.DE — Risk / Return Rank
UEFE.DE
3SUD.DE
UEFE.DE vs. 3SUD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (UEFE.DE) and iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.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.
| UEFE.DE | 3SUD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 1.93 | +0.12 |
| Martin ratioReturn relative to average drawdown | 7.08 | 7.66 | -0.58 |
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
| UEFE.DE | 3SUD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.65 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | -0.03 | +0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.08 | +0.59 |
Drawdowns
UEFE.DE vs. 3SUD.DE - Drawdown Comparison
The maximum UEFE.DE drawdown since its inception was -23.72%, smaller than the maximum 3SUD.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for UEFE.DE and 3SUD.DE.
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Drawdown Indicators
| UEFE.DE | 3SUD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -30.78% | +7.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -4.61% | +0.68% |
Max Drawdown (3Y)Largest decline over 3 years | -8.02% | -7.82% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -12.46% | -30.57% | +18.11% |
Current DrawdownCurrent decline from peak | -1.03% | -3.78% | +2.75% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -11.11% | +6.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.17% | -0.03% |
Volatility
UEFE.DE vs. 3SUD.DE - Volatility Comparison
UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (UEFE.DE) and iShares J.P. Morgan USD EM Bond UCITS ETF Acc (3SUD.DE) have volatilities of 1.93% and 1.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEFE.DE | 3SUD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 1.89% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.64% | 4.36% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.46% | 5.41% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 8.70% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.82% | 10.44% | -0.62% |
UEFE.DE vs. 3SUD.DE - Expense Ratio Comparison
UEFE.DE has a 0.40% expense ratio, which is lower than 3SUD.DE's 0.50% expense ratio.
Dividends
UEFE.DE vs. 3SUD.DE - Dividend Comparison
UEFE.DE's dividend yield for the trailing twelve months is around 4.67%, while 3SUD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
3SUD.DE iShares J.P. Morgan USD EM Bond UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UEFE.DE UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis | 4.67% | 5.37% | 7.09% | 8.64% | 6.79% | 8.96% | 9.53% | 9.22% |
Frequently Asked Questions
UEFE.DE and 3SUD.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEFE.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEFE.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for 3SUD.DE.
UEFE.DE tracks JP Morgan Emerging Markets Multi-Factor Enhanced Local Currency Bond, while 3SUD.DE tracks JP Morgan EMBI Global Core (EUR Hedged). They also come from different issuers: UBS and iShares. Their fees differ too: 0.40% for UEFE.DE and 0.50% for 3SUD.DE.
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