UEFE.DE vs. IUSP.DE
UEFE.DE (UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis) and IUSP.DE (iShares US Property Yield UCITS ETF) are both Emerging Markets Bonds funds - UEFE.DE tracks the JP Morgan Emerging Markets Multi-Factor Enhanced Local Currency Bond while IUSP.DE tracks the JPM GBI-EM Global Diversified TR USD. Both are passively managed. Over the past 5 years, UEFE.DE returned 4.93%/yr vs 2.97%/yr for IUSP.DE. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.
Performance
UEFE.DE vs. IUSP.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 IUSP.DE's -0.08% 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*
- —
IUSP.DE
- 1D
- -0.57%
- 1M
- 1.22%
- YTD
- -0.08%
- 6M
- -0.21%
- 1Y
- 5.37%
- 3Y*
- 4.80%
- 5Y*
- 2.97%
- 10Y*
- 2.78%
UEFE.DE vs. IUSP.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% |
IUSP.DE iShares US Property Yield UCITS ETF | -0.08% | 6.45% | 4.79% | 9.50% | -3.59% | -2.39% | -6.15% | 15.54% | 8.24% |
Correlation
The correlation between UEFE.DE and IUSP.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2018 | 0.76 |
The correlation between UEFE.DE and IUSP.DE has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.
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Return for Risk
UEFE.DE vs. IUSP.DE — Risk / Return Rank
UEFE.DE
IUSP.DE
UEFE.DE vs. IUSP.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 US Property Yield UCITS ETF (IUSP.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 | IUSP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.17 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 1.15 | +0.90 |
| Martin ratioReturn relative to average drawdown | 7.08 | 3.19 | +3.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UEFE.DE | IUSP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 0.86 | +0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.40 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.13 | +0.53 |
Drawdowns
UEFE.DE vs. IUSP.DE - Drawdown Comparison
The maximum UEFE.DE drawdown since its inception was -23.72%, smaller than the maximum IUSP.DE drawdown of -26.42%. Use the drawdown chart below to compare losses from any high point for UEFE.DE and IUSP.DE.
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Drawdown Indicators
| UEFE.DE | IUSP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -26.42% | +2.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -4.53% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -8.02% | -7.04% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -12.46% | -9.18% | -3.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.74% | — |
Current DrawdownCurrent decline from peak | -1.03% | -1.56% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -9.45% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.65% | -0.51% |
Volatility
UEFE.DE vs. IUSP.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 US Property Yield UCITS ETF (IUSP.DE) at 1.71%. This indicates that UEFE.DE's price experiences larger fluctuations and is considered to be riskier than IUSP.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 | IUSP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 1.71% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 4.64% | 5.42% | -0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.46% | 6.06% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.44% | 7.33% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.82% | 8.56% | +1.26% |
UEFE.DE vs. IUSP.DE - Expense Ratio Comparison
Both UEFE.DE and IUSP.DE have an expense ratio of 0.40%.
Dividends
UEFE.DE vs. IUSP.DE - Dividend Comparison
UEFE.DE's dividend yield for the trailing twelve months is around 4.67%, less than IUSP.DE's 5.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSP.DE iShares US Property Yield UCITS ETF | 5.43% | 7.21% | 7.03% | 6.58% | 7.55% | 5.13% | 6.21% | 6.11% | 6.67% | 6.42% | 6.34% | 4.38% |
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% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UEFE.DE and IUSP.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
UEFE.DE and IUSP.DE have the same expense ratio: 0.40% per year.
UEFE.DE tracks JP Morgan Emerging Markets Multi-Factor Enhanced Local Currency Bond, while IUSP.DE tracks JPM GBI-EM Global Diversified TR USD. They also come from different issuers: UBS and iShares.
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