UETE.DE vs. OM3Y.DE
UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) and OM3Y.DE (iShares MSCI EM IMI Screened UCITS ETF USD (Dist)) are both Emerging Markets Equities funds - UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped while OM3Y.DE tracks the MSCI Emerging Markets IMI Screened Index. Both are passively managed. Over the past 5 years, UETE.DE returned 9.13%/yr vs 7.56%/yr for OM3Y.DE. Their correlation of 0.90 suggests significant overlap in exposure. UETE.DE charges 0.24%/yr vs 0.18%/yr for OM3Y.DE.
Performance
UETE.DE vs. OM3Y.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UETE.DE achieves a 30.14% return, which is significantly higher than OM3Y.DE's 22.46% return.
UETE.DE
- 1D
- -0.15%
- 1M
- -5.30%
- 6M
- 25.20%
- YTD
- 30.14%
- 1Y
- 47.10%
- 3Y*
- 22.81%
- 5Y*
- 9.13%
- 10Y*
- —
OM3Y.DE
- 1D
- -0.52%
- 1M
- -5.15%
- 6M
- 15.69%
- YTD
- 22.46%
- 1Y
- 36.72%
- 3Y*
- 18.82%
- 5Y*
- 7.56%
- 10Y*
- —
UETE.DE vs. OM3Y.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 | 30.14% | 21.01% | 16.13% | 2.59% | -15.04% | 7.14% | 5.67% | -5.92% |
OM3Y.DE iShares MSCI EM IMI Screened UCITS ETF USD (Dist) | 22.46% | 17.76% | 13.99% | 6.72% | -14.83% | 6.11% | 8.07% | 13.71% |
Correlation
The correlation between UETE.DE and OM3Y.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 | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.90 |
The correlation between UETE.DE and OM3Y.DE has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
UETE.DE vs. OM3Y.DE — Risk / Return Rank
UETE.DE
OM3Y.DE
UETE.DE vs. OM3Y.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 MSCI EM IMI Screened UCITS ETF USD (Dist) (OM3Y.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 | OM3Y.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.33 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.97 | 3.28 | +1.70 |
| Martin ratioReturn relative to average drawdown | 14.15 | 10.36 | +3.79 |
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Drawdowns
UETE.DE vs. OM3Y.DE - Drawdown Comparison
The maximum UETE.DE drawdown since its inception was -39.65%, which is greater than OM3Y.DE's maximum drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for UETE.DE and OM3Y.DE.
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Drawdown Indicators
| UETE.DE | OM3Y.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.65% | -31.70% | -7.95% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -11.16% | +1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -20.18% | -19.59% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -23.78% | -23.39% | -0.39% |
Current DrawdownCurrent decline from peak | -8.62% | -8.13% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -11.47% | -8.71% | -2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 3.54% | -0.22% |
Volatility
UETE.DE vs. OM3Y.DE - Volatility Comparison
UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) and iShares MSCI EM IMI Screened UCITS ETF USD (Dist) (OM3Y.DE) have volatilities of 8.53% and 8.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UETE.DE | OM3Y.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.53% | 8.73% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 18.33% | 17.72% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.94% | 20.15% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 17.11% | +1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.14% | 19.55% | +1.59% |
UETE.DE vs. OM3Y.DE - Expense Ratio Comparison
UETE.DE has a 0.24% expense ratio, which is higher than OM3Y.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. OM3Y.DE - Dividend Comparison
UETE.DE has not paid dividends to shareholders, while OM3Y.DE's dividend yield for the trailing twelve months is around 1.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OM3Y.DE iShares MSCI EM IMI Screened UCITS ETF USD (Dist) | 1.67% | 1.98% | 2.33% | 2.35% | 2.59% | 1.82% | 1.58% | 2.23% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, UETE.DE and OM3Y.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, OM3Y.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OM3Y.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 OM3Y.DE tracks MSCI Emerging Markets IMI Screened Index. They also come from different issuers: UBS and iShares. Their fees differ too: 0.24% for UETE.DE and 0.18% for OM3Y.DE.
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