UEFE.DE vs. 4UBF.DE
UEFE.DE (UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis) and 4UBF.DE (UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc) are both exchange-traded funds - UEFE.DE is a Emerging Markets Bonds fund tracking the JP Morgan Emerging Markets Multi-Factor Enhanced Local Currency Bond, while 4UBF.DE is a European Corporate Bonds fund tracking the Bloomberg MSCI Euro Area Liquid Corporates Sustainable. Both are passively managed. Over the past 5 years, UEFE.DE returned 4.93%/yr vs -0.23%/yr for 4UBF.DE. At a 0.25 correlation, their price movements are largely independent. UEFE.DE charges 0.40%/yr vs 0.13%/yr for 4UBF.DE.
Performance
UEFE.DE vs. 4UBF.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 4UBF.DE's 0.73% 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*
- —
4UBF.DE
- 1D
- 0.12%
- 1M
- 0.33%
- YTD
- 0.73%
- 6M
- 0.23%
- 1Y
- 2.32%
- 3Y*
- 4.95%
- 5Y*
- -0.23%
- 10Y*
- —
UEFE.DE vs. 4UBF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
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% | 3.07% |
4UBF.DE UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc | 0.73% | 3.23% | 4.51% | 8.22% | -15.67% | -0.28% |
Correlation
The correlation between UEFE.DE and 4UBF.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2021 | 0.25 |
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Return for Risk
UEFE.DE vs. 4UBF.DE — Risk / Return Rank
UEFE.DE
4UBF.DE
UEFE.DE vs. 4UBF.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 UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.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 | 4UBF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.10 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 0.69 | +1.36 |
| Martin ratioReturn relative to average drawdown | 7.08 | 2.30 | +4.78 |
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 | 4UBF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 0.55 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | -0.04 | +0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | -0.04 | +0.70 |
Drawdowns
UEFE.DE vs. 4UBF.DE - Drawdown Comparison
The maximum UEFE.DE drawdown since its inception was -23.72%, which is greater than 4UBF.DE's maximum drawdown of -19.99%. Use the drawdown chart below to compare losses from any high point for UEFE.DE and 4UBF.DE.
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Drawdown Indicators
| UEFE.DE | 4UBF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -19.99% | -3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -2.88% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -8.02% | -2.88% | -5.14% |
Max Drawdown (5Y)Largest decline over 5 years | -12.46% | -19.99% | +7.53% |
Current DrawdownCurrent decline from peak | -1.03% | -2.81% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -8.54% | +4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.87% | +0.27% |
Volatility
UEFE.DE vs. 4UBF.DE - Volatility Comparison
UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (UEFE.DE) has a higher volatility of 1.93% compared to UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) Acc (4UBF.DE) at 1.25%. This indicates that UEFE.DE's price experiences larger fluctuations and is considered to be riskier than 4UBF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEFE.DE | 4UBF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 1.25% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 4.64% | 3.11% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.46% | 3.67% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 5.08% | +3.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.82% | 5.02% | +4.80% |
UEFE.DE vs. 4UBF.DE - Expense Ratio Comparison
UEFE.DE has a 0.40% expense ratio, which is higher than 4UBF.DE's 0.13% expense ratio.
Dividends
UEFE.DE vs. 4UBF.DE - Dividend Comparison
UEFE.DE's dividend yield for the trailing twelve months is around 4.67%, while 4UBF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
4UBF.DE UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) 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 4UBF.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4UBF.DE is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4UBF.DE is cheaper with a 0.13% expense ratio, compared with 0.40% for UEFE.DE.
UEFE.DE is categorized as Emerging Markets Bonds, while 4UBF.DE is European Corporate Bonds. UEFE.DE tracks JP Morgan Emerging Markets Multi-Factor Enhanced Local Currency Bond, while 4UBF.DE tracks Bloomberg MSCI Euro Area Liquid Corporates Sustainable. Their fees differ too: 0.40% for UEFE.DE and 0.13% for 4UBF.DE.
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