UEFE.DE vs. IS02.DE
UEFE.DE (UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis) and IS02.DE (iShares J.P. Morgan USD Emerging Markets 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 IS02.DE tracks the JP Morgan EMBI Global Core. Both are passively managed. Over the past 5 years, UEFE.DE returned 4.93%/yr vs 2.88%/yr for IS02.DE. A 0.52 correlation means they provide meaningful diversification when combined. UEFE.DE charges 0.40%/yr vs 0.45%/yr for IS02.DE.
Performance
UEFE.DE vs. IS02.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UEFE.DE achieves a 2.04% return, which is significantly lower than IS02.DE's 2.97% 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*
- —
IS02.DE
- 1D
- 0.11%
- 1M
- 1.39%
- YTD
- 2.97%
- 6M
- 2.43%
- 1Y
- 9.76%
- 3Y*
- 6.78%
- 5Y*
- 2.88%
- 10Y*
- —
UEFE.DE vs. IS02.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% | 5.04% |
IS02.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) | 2.97% | 1.10% | 11.83% | 6.71% | -13.12% | 5.72% | 0.08% |
Correlation
The correlation between UEFE.DE and IS02.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2020 | 0.52 |
The correlation between UEFE.DE and IS02.DE has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UEFE.DE vs. IS02.DE — Risk / Return Rank
UEFE.DE
IS02.DE
UEFE.DE vs. IS02.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 Emerging Markets Bond UCITS ETF (Acc) (IS02.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 | IS02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.30 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 3.11 | -1.06 |
| Martin ratioReturn relative to average drawdown | 7.08 | 8.98 | -1.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| UEFE.DE | IS02.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.57 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.33 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.27 | +0.39 |
Drawdowns
UEFE.DE vs. IS02.DE - Drawdown Comparison
The maximum UEFE.DE drawdown since its inception was -23.72%, which is greater than IS02.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for UEFE.DE and IS02.DE.
Loading charts...
Drawdown Indicators
| UEFE.DE | IS02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -16.21% | -7.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -3.00% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -8.02% | -12.85% | +4.83% |
Max Drawdown (5Y)Largest decline over 5 years | -12.46% | -16.21% | +3.75% |
Current DrawdownCurrent decline from peak | -1.03% | 0.00% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -5.92% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.04% | +0.10% |
Volatility
UEFE.DE vs. IS02.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 iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) at 1.19%. This indicates that UEFE.DE's price experiences larger fluctuations and is considered to be riskier than IS02.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UEFE.DE | IS02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 1.19% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 4.64% | 3.97% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.46% | 5.94% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 8.53% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.82% | 8.34% | +1.48% |
UEFE.DE vs. IS02.DE - Expense Ratio Comparison
UEFE.DE has a 0.40% expense ratio, which is lower than IS02.DE's 0.45% expense ratio.
Dividends
UEFE.DE vs. IS02.DE - Dividend Comparison
UEFE.DE's dividend yield for the trailing twelve months is around 4.67%, while IS02.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IS02.DE iShares J.P. Morgan USD Emerging Markets 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 IS02.DE have a correlation of 0.59, 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 0.45% for IS02.DE.
UEFE.DE tracks JP Morgan Emerging Markets Multi-Factor Enhanced Local Currency Bond, while IS02.DE tracks JP Morgan EMBI Global Core. They also come from different issuers: UBS and iShares. Their fees differ too: 0.40% for UEFE.DE and 0.45% for IS02.DE.
Find the right allocation for UEFE.DE and IS02.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer