UETE.DE vs. EUNZ.DE
UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds - UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped while EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past 5 years, UETE.DE returned 10.19%/yr vs 6.48%/yr for EUNZ.DE. Their correlation of 0.81 suggests significant overlap in exposure. UETE.DE charges 0.24%/yr vs 0.40%/yr for EUNZ.DE.
Performance
UETE.DE vs. EUNZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UETE.DE achieves a 34.13% return, which is significantly higher than EUNZ.DE's 18.69% return.
UETE.DE
- 1D
- -1.52%
- 1M
- 6.56%
- YTD
- 34.13%
- 6M
- 35.13%
- 1Y
- 59.19%
- 3Y*
- 24.18%
- 5Y*
- 10.19%
- 10Y*
- —
EUNZ.DE
- 1D
- -1.19%
- 1M
- 3.85%
- YTD
- 18.69%
- 6M
- 17.92%
- 1Y
- 22.13%
- 3Y*
- 11.07%
- 5Y*
- 6.48%
- 10Y*
- 6.20%
UETE.DE vs. EUNZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 34.13% | 21.00% | 16.13% | 2.60% | -15.05% | 7.18% | 5.63% | 7.21% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 18.69% | -0.15% | 15.73% | 3.85% | -8.85% | 13.05% | -2.49% | 4.62% |
Correlation
The correlation between UETE.DE and EUNZ.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019 | 0.81 |
The correlation between UETE.DE and EUNZ.DE has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
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Return for Risk
UETE.DE vs. EUNZ.DE — Risk / Return Rank
UETE.DE
EUNZ.DE
UETE.DE vs. EUNZ.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 iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.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.
| UETE.DE | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.35 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 3.00 | +0.83 |
| Martin ratioReturn relative to average drawdown | 9.11 | 10.57 | -1.45 |
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
| UETE.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 1.85 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.56 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.35 | +0.12 |
Drawdowns
UETE.DE vs. EUNZ.DE - Drawdown Comparison
The maximum UETE.DE drawdown since its inception was -36.83%, which is greater than EUNZ.DE's maximum drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for UETE.DE and EUNZ.DE.
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Drawdown Indicators
| UETE.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.83% | -30.47% | -6.36% |
Max Drawdown (1Y)Largest decline over 1 year | -15.70% | -7.50% | -8.20% |
Max Drawdown (3Y)Largest decline over 3 years | -20.20% | -14.00% | -6.20% |
Max Drawdown (5Y)Largest decline over 5 years | -23.75% | -14.00% | -9.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.15% | — |
Current DrawdownCurrent decline from peak | -2.50% | -1.96% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -7.62% | -3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.60% | 2.13% | +4.47% |
Volatility
UETE.DE vs. EUNZ.DE - Volatility Comparison
UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) has a higher volatility of 8.58% compared to iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) at 4.75%. This indicates that UETE.DE's price experiences larger fluctuations and is considered to be riskier than EUNZ.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 | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 4.75% | +3.83% |
Volatility (6M)Calculated over the trailing 6-month period | 15.80% | 10.35% | +5.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.86% | 12.18% | +15.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.18% | 11.41% | +8.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.88% | 13.32% | +8.56% |
UETE.DE vs. EUNZ.DE - Expense Ratio Comparison
UETE.DE has a 0.24% expense ratio, which is lower than EUNZ.DE's 0.40% expense ratio.
Dividends
UETE.DE vs. EUNZ.DE - Dividend Comparison
Neither UETE.DE nor EUNZ.DE has paid dividends to shareholders.
Frequently Asked Questions
UETE.DE and EUNZ.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.40% for EUNZ.DE.
UETE.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped, while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. They also come from different issuers: UBS and iShares. Their fees differ too: 0.24% for UETE.DE and 0.40% for EUNZ.DE.
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