UETE.DE vs. ACUG.DE
UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) and ACUG.DE (Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D)) are both Emerging Markets Equities funds - UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped while ACUG.DE tracks the MSCI Emerging Markets SRI Filtered PAB. Both are passively managed. Over the past 3 years, UETE.DE returned 25.08%/yr vs 14.29%/yr for ACUG.DE. Their correlation of 0.89 suggests significant overlap in exposure. UETE.DE charges 0.24%/yr vs 0.25%/yr for ACUG.DE.
Performance
UETE.DE vs. ACUG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UETE.DE achieves a 35.33% return, which is significantly higher than ACUG.DE's 20.29% return.
UETE.DE
- 1D
- -0.29%
- 1M
- 2.07%
- YTD
- 35.33%
- 6M
- 37.80%
- 1Y
- 55.15%
- 3Y*
- 25.08%
- 5Y*
- 9.62%
- 10Y*
- —
ACUG.DE
- 1D
- 0.00%
- 1M
- 2.41%
- YTD
- 20.29%
- 6M
- 21.36%
- 1Y
- 32.91%
- 3Y*
- 14.29%
- 5Y*
- —
- 10Y*
- —
UETE.DE vs. ACUG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 35.33% | 21.01% | 16.13% | 2.59% | -15.04% | -2.39% |
ACUG.DE Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) | 20.29% | 13.06% | 11.24% | -2.80% | -11.79% | -4.66% |
Correlation
The correlation between UETE.DE and ACUG.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | 0.89 |
The correlation between UETE.DE and ACUG.DE has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
UETE.DE vs. ACUG.DE — Risk / Return Rank
UETE.DE
ACUG.DE
UETE.DE vs. ACUG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) and Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) (ACUG.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UETE.DE | ACUG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.34 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 5.82 | 3.47 | +2.35 |
| Martin ratioReturn relative to average drawdown | 18.90 | 11.01 | +7.89 |
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Drawdowns
UETE.DE vs. ACUG.DE - Drawdown Comparison
The maximum UETE.DE drawdown since its inception was -39.65%, which is greater than ACUG.DE's maximum drawdown of -26.17%. Use the drawdown chart below to compare losses from any high point for UETE.DE and ACUG.DE.
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Drawdown Indicators
| UETE.DE | ACUG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.65% | -26.17% | -13.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -9.53% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -20.18% | -21.01% | +0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -23.78% | — | — |
Current DrawdownCurrent decline from peak | -4.98% | -4.02% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -12.44% | +0.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 3.00% | -0.09% |
Volatility
UETE.DE vs. ACUG.DE - Volatility Comparison
UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) has a higher volatility of 8.44% compared to Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) (ACUG.DE) at 7.37%. This indicates that UETE.DE's price experiences larger fluctuations and is considered to be riskier than ACUG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UETE.DE | ACUG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.44% | 7.37% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 17.29% | 14.70% | +2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.99% | 17.62% | +2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.32% | 17.04% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.08% | 17.04% | +4.04% |
UETE.DE vs. ACUG.DE - Expense Ratio Comparison
UETE.DE has a 0.24% expense ratio, which is lower than ACUG.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
UETE.DE vs. ACUG.DE - Dividend Comparison
UETE.DE has not paid dividends to shareholders, while ACUG.DE's dividend yield for the trailing twelve months is around 1.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ACUG.DE Amundi Index MSCI Emerging Markets SRI PAB UCITS ETF DR (D) | 1.61% | 1.93% | 2.11% | 2.26% | 2.28% | 1.69% |
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, UETE.DE and ACUG.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, UETE.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETE.DE is cheaper with a 0.24% expense ratio, compared with 0.25% for ACUG.DE.
UETE.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped, while ACUG.DE tracks MSCI Emerging Markets SRI Filtered PAB. They also come from different issuers: UBS and Amundi. Their fees differ too: 0.24% for UETE.DE and 0.25% for ACUG.DE.
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