UEFE.DE vs. 4UBQ.DE
UEFE.DE (UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis) and 4UBQ.DE (UBS ETF (IE) S&P 500 ESG UCITS ETF USD 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 4UBQ.DE is a S&P 500 fund tracking the S&P 500 ESG. Both are passively managed. Over the past 5 years, UEFE.DE returned 4.93%/yr vs 15.51%/yr for 4UBQ.DE. At a 0.28 correlation, their price movements are largely independent. UEFE.DE charges 0.40%/yr vs 0.10%/yr for 4UBQ.DE.
Performance
UEFE.DE vs. 4UBQ.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 lower than 4UBQ.DE's 11.15% 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*
- —
4UBQ.DE
- 1D
- 0.58%
- 1M
- 4.20%
- YTD
- 11.15%
- 6M
- 11.13%
- 1Y
- 28.46%
- 3Y*
- 18.50%
- 5Y*
- 15.51%
- 10Y*
- —
UEFE.DE vs. 4UBQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | 3.24% |
4UBQ.DE UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc | 11.15% | 5.39% | 31.02% | 24.03% | -13.92% | 43.62% | 8.66% |
Correlation
The correlation between UEFE.DE and 4UBQ.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020 | 0.28 |
Over the past year, UEFE.DE and 4UBQ.DE have become more correlated (0.50) than their long-term average of 0.28, meaning their price movements have been converging.
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Return for Risk
UEFE.DE vs. 4UBQ.DE — Risk / Return Rank
UEFE.DE
4UBQ.DE
UEFE.DE vs. 4UBQ.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 (IE) S&P 500 ESG UCITS ETF USD Acc (4UBQ.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 | 4UBQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.46 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 4.10 | -2.05 |
| Martin ratioReturn relative to average drawdown | 7.08 | 15.73 | -8.64 |
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 | 4UBQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 2.47 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 1.00 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 1.11 | -0.45 |
Drawdowns
UEFE.DE vs. 4UBQ.DE - Drawdown Comparison
The maximum UEFE.DE drawdown since its inception was -23.72%, roughly equal to the maximum 4UBQ.DE drawdown of -23.35%. Use the drawdown chart below to compare losses from any high point for UEFE.DE and 4UBQ.DE.
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Drawdown Indicators
| UEFE.DE | 4UBQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -23.35% | -0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -6.93% | +3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -8.02% | -23.35% | +15.33% |
Max Drawdown (5Y)Largest decline over 5 years | -12.46% | -23.35% | +10.89% |
Current DrawdownCurrent decline from peak | -1.03% | 0.00% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -4.02% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.81% | -0.67% |
Volatility
UEFE.DE vs. 4UBQ.DE - Volatility Comparison
The current volatility for UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (UEFE.DE) is 1.93%, while UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc (4UBQ.DE) has a volatility of 2.81%. This indicates that UEFE.DE experiences smaller price fluctuations and is considered to be less risky than 4UBQ.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 | 4UBQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 2.81% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 4.64% | 7.61% | -2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.46% | 11.53% | -6.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 15.27% | -6.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.82% | 15.39% | -5.57% |
UEFE.DE vs. 4UBQ.DE - Expense Ratio Comparison
UEFE.DE has a 0.40% expense ratio, which is higher than 4UBQ.DE's 0.10% expense ratio.
Dividends
UEFE.DE vs. 4UBQ.DE - Dividend Comparison
UEFE.DE's dividend yield for the trailing twelve months is around 4.67%, while 4UBQ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
4UBQ.DE UBS ETF (IE) S&P 500 ESG UCITS ETF USD 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 4UBQ.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4UBQ.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4UBQ.DE is cheaper with a 0.10% expense ratio, compared with 0.40% for UEFE.DE.
UEFE.DE is categorized as Emerging Markets Bonds, while 4UBQ.DE is S&P 500. UEFE.DE tracks JP Morgan Emerging Markets Multi-Factor Enhanced Local Currency Bond, while 4UBQ.DE tracks S&P 500 ESG. Their fees differ too: 0.40% for UEFE.DE and 0.10% for 4UBQ.DE.
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