UEFS.DE vs. IS02.DE
UEFS.DE (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist) and IS02.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc)) are both Emerging Markets Bonds funds - UEFS.DE tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped while IS02.DE tracks the JP Morgan EMBI Global Core. Both are passively managed. Over the past 5 years, UEFS.DE returned 3.30%/yr vs 2.88%/yr for IS02.DE. Their correlation of 0.93 suggests significant overlap in exposure. UEFS.DE charges 0.25%/yr vs 0.45%/yr for IS02.DE.
Performance
UEFS.DE vs. IS02.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UEFS.DE achieves a 3.71% return, which is significantly higher than IS02.DE's 2.97% return.
UEFS.DE
- 1D
- -0.03%
- 1M
- 1.91%
- YTD
- 3.71%
- 6M
- 3.67%
- 1Y
- 11.43%
- 3Y*
- 8.56%
- 5Y*
- 3.30%
- 10Y*
- 3.55%
IS02.DE
- 1D
- 0.11%
- 1M
- 1.71%
- YTD
- 2.97%
- 6M
- 2.72%
- 1Y
- 9.38%
- 3Y*
- 6.78%
- 5Y*
- 2.88%
- 10Y*
- —
UEFS.DE vs. IS02.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 3.71% | 2.37% | 13.84% | 8.28% | -14.67% | 5.66% | 0.26% |
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 UEFS.DE and IS02.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2020 | 0.93 |
The correlation between UEFS.DE and IS02.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
UEFS.DE vs. IS02.DE — Risk / Return Rank
UEFS.DE
IS02.DE
UEFS.DE vs. IS02.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.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.
| UEFS.DE | IS02.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.30 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 3.11 | +0.85 |
| Martin ratioReturn relative to average drawdown | 12.59 | 8.98 | +3.61 |
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
| UEFS.DE | IS02.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 1.57 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.33 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.27 | +0.17 |
Drawdowns
UEFS.DE vs. IS02.DE - Drawdown Comparison
The maximum UEFS.DE drawdown since its inception was -24.26%, 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 UEFS.DE and IS02.DE.
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Drawdown Indicators
| UEFS.DE | IS02.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.26% | -16.21% | -8.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.87% | -3.00% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -13.70% | -12.85% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -17.84% | -16.21% | -1.63% |
Max Drawdown (10Y)Largest decline over 10 years | -24.26% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | 0.00% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -7.41% | -5.92% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 1.04% | -0.13% |
Volatility
UEFS.DE vs. IS02.DE - Volatility Comparison
UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.DE) has a higher volatility of 1.27% compared to iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Acc) (IS02.DE) at 1.19%. This indicates that UEFS.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.
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Volatility by Period
| UEFS.DE | IS02.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.19% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.77% | 3.97% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.76% | 5.94% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.69% | 8.53% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.37% | 8.34% | +1.03% |
UEFS.DE vs. IS02.DE - Expense Ratio Comparison
UEFS.DE has a 0.25% expense ratio, which is lower than IS02.DE's 0.45% expense ratio.
Dividends
UEFS.DE vs. IS02.DE - Dividend Comparison
UEFS.DE's dividend yield for the trailing twelve months is around 6.50%, while IS02.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 6.50% | 7.96% | 6.14% | 6.46% | 6.08% | 4.22% | 5.09% | 4.60% | 4.53% | 4.90% | 2.30% |
Frequently Asked Questions
With a correlation of 0.94, UEFS.DE and IS02.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, UEFS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEFS.DE is cheaper with a 0.25% expense ratio, compared with 0.45% for IS02.DE.
UEFS.DE tracks Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped, while IS02.DE tracks JP Morgan EMBI Global Core. They also come from different issuers: UBS and iShares. Their fees differ too: 0.25% for UEFS.DE and 0.45% for IS02.DE.
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