UETE.DE vs. IS3N.DE
UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both Emerging Markets Equities funds - UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped while IS3N.DE tracks the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 5 years, UETE.DE returned 10.19%/yr vs 8.61%/yr for IS3N.DE. Their correlation of 0.91 suggests significant overlap in exposure. UETE.DE charges 0.24%/yr vs 0.18%/yr for IS3N.DE.
Performance
UETE.DE vs. IS3N.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 IS3N.DE's 25.82% 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*
- —
IS3N.DE
- 1D
- -1.45%
- 1M
- 3.11%
- YTD
- 25.82%
- 6M
- 26.34%
- 1Y
- 45.77%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
UETE.DE vs. IS3N.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% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 17.14% | 13.87% | 7.20% | -14.09% | 7.38% | 7.07% | 12.68% |
Correlation
The correlation between UETE.DE and IS3N.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019 | 0.91 |
The correlation between UETE.DE and IS3N.DE has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
UETE.DE vs. IS3N.DE — Risk / Return Rank
UETE.DE
IS3N.DE
UETE.DE vs. IS3N.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 Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.49 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 4.42 | -0.60 |
| Martin ratioReturn relative to average drawdown | 9.11 | 16.00 | -6.89 |
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 | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.69 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.53 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.44 | +0.03 |
Drawdowns
UETE.DE vs. IS3N.DE - Drawdown Comparison
The maximum UETE.DE drawdown since its inception was -36.83%, which is greater than IS3N.DE's maximum drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for UETE.DE and IS3N.DE.
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Drawdown Indicators
| UETE.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.83% | -35.06% | -1.77% |
Max Drawdown (1Y)Largest decline over 1 year | -15.70% | -10.52% | -5.18% |
Max Drawdown (3Y)Largest decline over 3 years | -20.20% | -19.17% | -1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -23.75% | -22.01% | -1.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -2.50% | -2.49% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -9.30% | -1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.60% | 2.91% | +3.69% |
Volatility
UETE.DE vs. IS3N.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 Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) at 7.16%. This indicates that UETE.DE's price experiences larger fluctuations and is considered to be riskier than IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 7.16% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 15.80% | 14.69% | +1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.86% | 17.32% | +10.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.18% | 16.19% | +3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.88% | 18.04% | +3.84% |
UETE.DE vs. IS3N.DE - Expense Ratio Comparison
UETE.DE has a 0.24% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio. However, 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. IS3N.DE - Dividend Comparison
Neither UETE.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, UETE.DE and IS3N.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, IS3N.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3N.DE is cheaper with a 0.18% expense ratio, compared with 0.24% for UETE.DE.
UETE.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: UBS and iShares. Their fees differ too: 0.24% for UETE.DE and 0.18% for IS3N.DE.
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