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UEFE.DE vs. UBUD.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UEFE.DE vs. UBUD.DE

Last updated Jun 5, 2026

UEFE.DE (UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis) and UBUD.DE (UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist) 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 UBUD.DE is a Precious Metals fund tracking the Solactive Global Pure Gold Miners. Both are passively managed. Over the past 5 years, UEFE.DE returned 4.93%/yr vs 24.10%/yr for UBUD.DE. At a 0.12 correlation, their price movements are largely independent. UEFE.DE charges 0.40%/yr vs 0.43%/yr for UBUD.DE.

Performance

UEFE.DE vs. UBUD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis (UEFE.DE) and UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE). The values are adjusted to include any dividend payments, if applicable.

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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 UBUD.DE's -6.38% 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*
—

UBUD.DE

1D
-0.04%
1M
-9.59%
YTD
-6.38%
6M
0.61%
1Y
48.89%
3Y*
42.44%
5Y*
24.10%
10Y*
14.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UEFE.DE vs. UBUD.DE - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
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%
UBUD.DE
UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist		-6.38%144.52%34.69%6.34%0.11%-8.41%15.71%40.46%23.88%

Correlation

The correlation between UEFE.DE and UBUD.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

0.18

Correlation (5Y)
Calculated over the trailing 5-year period

0.15

Correlation (All Time)
Calculated using the full available price history since Sep 12, 2018

0.12

Compare stocks, funds, or ETFs

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UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis

UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist

Often compared with UEFE.DE:
UEFE.DE vs. SEAD.DEUEFE.DE vs. EMA5.DEUEFE.DE vs. XUEB.DEUEFE.DE vs. XUEM.DEUEFE.DE vs. XUEE.DEUEFE.DE vs. IUS7.DEUEFE.DE vs. UEFS.DE
Often compared with UBUD.DE:
UBUD.DE vs. VVMX.DEUBUD.DE vs. 3GOL.LUBUD.DE vs. ETLX.DEUBUD.DE vs. GDMNUBUD.DE vs. NUKL.DEUBUD.DE vs. SPMOUBUD.DE vs. ARKW

Return for Risk

UEFE.DE vs. UBUD.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UEFE.DE
UEFE.DE Risk / Return Rank: 4343
Overall Rank
UEFE.DE Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
UEFE.DE Sortino Ratio Rank: 4343
Sortino Ratio Rank
UEFE.DE Omega Ratio Rank: 4343
Omega Ratio Rank
UEFE.DE Calmar Ratio Rank: 4343
Calmar Ratio Rank
UEFE.DE Martin Ratio Rank: 4545
Martin Ratio Rank
UBUD.DE
UBUD.DE Risk / Return Rank: 3030
Overall Rank
UBUD.DE Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
UBUD.DE Sortino Ratio Rank: 2929
Sortino Ratio Rank
UBUD.DE Omega Ratio Rank: 2929
Omega Ratio Rank
UBUD.DE Calmar Ratio Rank: 3434
Calmar Ratio Rank
UBUD.DE Martin Ratio Rank: 2929
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UEFE.DE vs. UBUD.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) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.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.DEUBUD.DEDifference
Sharpe ratioReturn per unit of total volatility
1.48
1.04

+0.43

Sortino ratioReturn per unit of downside risk
2.13
1.54

+0.60

Omega ratioGain probability vs. loss probability

1.27

1.20

+0.07

Calmar ratioReturn relative to maximum drawdown

2.06

1.65

+0.41

Martin ratioReturn relative to average drawdown

7.08

4.06

+3.02

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UEFE.DE vs. UBUD.DE - Sharpe Ratio Comparison

The current UEFE.DE Sharpe Ratio is 1.48, which is higher than the UBUD.DE Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of UEFE.DE and UBUD.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

UEFE.DEUBUD.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.48

1.04

+0.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.58

0.67

-0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.41

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.66

0.26

+0.40

Drawdowns

UEFE.DE vs. UBUD.DE - Drawdown Comparison

The maximum UEFE.DE drawdown since its inception was -23.72%, smaller than the maximum UBUD.DE drawdown of -57.79%. Use the drawdown chart below to compare losses from any high point for UEFE.DE and UBUD.DE.

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Drawdown Indicators

UEFE.DEUBUD.DEDifference

Max Drawdown

Largest peak-to-trough decline

-23.72%

-57.79%

+34.07%

Max Drawdown (1Y)

Largest decline over 1 year

-3.93%

-28.94%

+25.01%

Max Drawdown (3Y)

Largest decline over 3 years

-8.02%

-28.94%

+20.92%

Max Drawdown (5Y)

Largest decline over 5 years

-12.46%

-38.21%

+25.75%

Max Drawdown (10Y)

Largest decline over 10 years

—

-50.40%

—

Current Drawdown

Current decline from peak

-1.03%

-27.15%

+26.12%

Average Drawdown

Average peak-to-trough decline

-4.41%

-28.07%

+23.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.14%

11.75%

-10.61%

Volatility

UEFE.DE vs. UBUD.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) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) has a volatility of 13.71%. This indicates that UEFE.DE experiences smaller price fluctuations and is considered to be less risky than UBUD.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.DEUBUD.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.93%

13.71%

-11.78%

Volatility (6M)

Calculated over the trailing 6-month period

4.64%

35.92%

-31.28%

Volatility (1Y)

Calculated over the trailing 1-year period

5.46%

45.63%

-40.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.44%

35.68%

-27.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.82%

35.58%

-25.76%

UEFE.DE vs. UBUD.DE - Expense Ratio Comparison

UEFE.DE has a 0.40% expense ratio, which is lower than UBUD.DE's 0.43% expense ratio.

Dividends

UEFE.DE vs. UBUD.DE - Dividend Comparison

UEFE.DE's dividend yield for the trailing twelve months is around 4.67%, more than UBUD.DE's 0.59% yield.

PositionTTM20252024202320222021202020192018201720162015
UBUD.DE
UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist		0.59%0.40%0.56%1.74%1.12%1.15%0.44%0.42%0.48%0.46%0.43%1.38%
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 UBUD.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, 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 0.43% for UBUD.DE.

UEFE.DE is categorized as Emerging Markets Bonds, while UBUD.DE is Precious Metals. UEFE.DE tracks JP Morgan Emerging Markets Multi-Factor Enhanced Local Currency Bond, while UBUD.DE tracks Solactive Global Pure Gold Miners. Their fees differ too: 0.40% for UEFE.DE and 0.43% for UBUD.DE.

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