UEFE.DE vs. FRCK.DE
UEFE.DE (UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis) and FRCK.DE (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds from UBS - UEFE.DE tracks the JP Morgan Emerging Markets Multi-Factor Enhanced Local Currency Bond while FRCK.DE tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped (EUR Hedged). Both are passively managed. Over the past 5 years, UEFE.DE returned 4.93%/yr vs 0.19%/yr for FRCK.DE. At a 0.29 correlation, their price movements are largely independent. UEFE.DE charges 0.40%/yr vs 0.28%/yr for FRCK.DE.
Performance
UEFE.DE vs. FRCK.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 FRCK.DE's 1.67% 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*
- —
FRCK.DE
- 1D
- 0.27%
- 1M
- 0.34%
- YTD
- 1.67%
- 6M
- 2.31%
- 1Y
- 11.09%
- 3Y*
- 9.35%
- 5Y*
- 0.19%
- 10Y*
- 1.49%
UEFE.DE vs. FRCK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 21.27% | 7.49% |
FRCK.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc | 1.67% | 12.81% | 5.36% | 9.70% | -22.07% | -3.88% | 2.79% | 11.04% | 0.04% |
Correlation
The correlation between UEFE.DE and FRCK.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2018 | 0.29 |
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Return for Risk
UEFE.DE vs. FRCK.DE — Risk / Return Rank
UEFE.DE
FRCK.DE
UEFE.DE vs. FRCK.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 USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc (FRCK.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 | FRCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.39 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.42 | -0.37 |
| Martin ratioReturn relative to average drawdown | 7.08 | 10.09 | -3.00 |
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 | FRCK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 2.03 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.02 | +0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.17 | +0.49 |
Drawdowns
UEFE.DE vs. FRCK.DE - Drawdown Comparison
The maximum UEFE.DE drawdown since its inception was -23.72%, smaller than the maximum FRCK.DE drawdown of -32.71%. Use the drawdown chart below to compare losses from any high point for UEFE.DE and FRCK.DE.
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Drawdown Indicators
| UEFE.DE | FRCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -32.71% | +8.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -4.49% | +0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -8.02% | -7.78% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -12.46% | -32.71% | +20.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.71% | — |
Current DrawdownCurrent decline from peak | -1.03% | -0.97% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -8.76% | +4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.08% | +0.06% |
Volatility
UEFE.DE vs. FRCK.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 USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) Acc (FRCK.DE) at 1.80%. This indicates that UEFE.DE's price experiences larger fluctuations and is considered to be riskier than FRCK.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 | FRCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 1.80% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 4.64% | 4.38% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.46% | 5.38% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 9.01% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.82% | 9.29% | +0.53% |
UEFE.DE vs. FRCK.DE - Expense Ratio Comparison
UEFE.DE has a 0.40% expense ratio, which is higher than FRCK.DE's 0.28% expense ratio.
Dividends
UEFE.DE vs. FRCK.DE - Dividend Comparison
UEFE.DE's dividend yield for the trailing twelve months is around 4.67%, while FRCK.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FRCK.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (EUR Hedged) 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 FRCK.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FRCK.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FRCK.DE is cheaper with a 0.28% expense ratio, compared with 0.40% for UEFE.DE.
UEFE.DE tracks JP Morgan Emerging Markets Multi-Factor Enhanced Local Currency Bond, while FRCK.DE tracks Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped (EUR Hedged). Their fees differ too: 0.40% for UEFE.DE and 0.28% for FRCK.DE.
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