UETE.DE vs. UIQ4.DE
UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) and UIQ4.DE (UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc) are both exchange-traded funds - UETE.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped, while UIQ4.DE is a Derivative Income fund tracking the Euro Equity Defensive Put Write Index. Both are passively managed. At a 0.42 correlation, their price movements are largely independent. UETE.DE charges 0.24%/yr vs 0.21%/yr for UIQ4.DE.
Performance
UETE.DE vs. UIQ4.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 UIQ4.DE's 3.01% 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*
- —
UIQ4.DE
- 1D
- 0.18%
- 1M
- 1.44%
- YTD
- 3.01%
- 6M
- 3.55%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UETE.DE vs. UIQ4.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 34.13% | 16.25% |
UIQ4.DE UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc | 3.01% | 6.38% |
Correlation
The correlation between UETE.DE and UIQ4.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 11, 2025 | 0.42 |
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Return for Risk
UETE.DE vs. UIQ4.DE — Risk / Return Rank
UETE.DE
UIQ4.DE
UETE.DE vs. UIQ4.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 UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc (UIQ4.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 | UIQ4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.51 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | — | — |
| Martin ratioReturn relative to average drawdown | 9.11 | — | — |
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 | UIQ4.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 1.27 | -0.80 |
Drawdowns
UETE.DE vs. UIQ4.DE - Drawdown Comparison
The maximum UETE.DE drawdown since its inception was -36.83%, which is greater than UIQ4.DE's maximum drawdown of -3.90%. Use the drawdown chart below to compare losses from any high point for UETE.DE and UIQ4.DE.
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Drawdown Indicators
| UETE.DE | UIQ4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.83% | -3.90% | -32.93% |
Max Drawdown (1Y)Largest decline over 1 year | -15.70% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -20.20% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.75% | — | — |
Current DrawdownCurrent decline from peak | -2.50% | -0.25% | -2.25% |
Average DrawdownAverage peak-to-trough decline | -10.85% | -0.87% | -9.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.60% | — | — |
Volatility
UETE.DE vs. UIQ4.DE - Volatility Comparison
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Volatility by Period
| UETE.DE | UIQ4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.80% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.86% | 7.67% | +20.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.18% | 7.67% | +12.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.88% | 7.67% | +14.21% |
UETE.DE vs. UIQ4.DE - Expense Ratio Comparison
UETE.DE has a 0.24% expense ratio, which is higher than UIQ4.DE's 0.21% 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. UIQ4.DE - Dividend Comparison
Neither UETE.DE nor UIQ4.DE has paid dividends to shareholders.
Frequently Asked Questions
UETE.DE and UIQ4.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UIQ4.DE is cheaper at 0.21% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UIQ4.DE is cheaper with a 0.21% expense ratio, compared with 0.24% for UETE.DE.
UETE.DE is categorized as Emerging Markets Equities, while UIQ4.DE is Derivative Income. UETE.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped, while UIQ4.DE tracks Euro Equity Defensive Put Write Index. Their fees differ too: 0.24% for UETE.DE and 0.21% for UIQ4.DE.
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