UETE.DE vs. XGLF.DE
UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) and XGLF.DE (Xtrackers MSCI GCC Select Swap UCITS ETF (Acc)) are both Emerging Markets Equities funds - UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped while XGLF.DE tracks the MSCI GCC Countries ex Select Securities Index. Both are passively managed. Over the past 5 years, UETE.DE returned 9.13%/yr vs 5.40%/yr for XGLF.DE. At a 0.41 correlation, their price movements are largely independent. UETE.DE charges 0.24%/yr vs 0.65%/yr for XGLF.DE.
Performance
UETE.DE vs. XGLF.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UETE.DE achieves a 30.14% return, which is significantly higher than XGLF.DE's 6.19% 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*
- —
XGLF.DE
- 1D
- 1.04%
- 1M
- 0.25%
- 6M
- 0.08%
- YTD
- 6.19%
- 1Y
- 4.64%
- 3Y*
- 3.71%
- 5Y*
- 5.40%
- 10Y*
- 7.56%
UETE.DE vs. XGLF.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% |
XGLF.DE Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) | 6.19% | -5.36% | 9.58% | 0.55% | 1.24% | 48.84% | -9.49% | -1.10% |
Correlation
The correlation between UETE.DE and XGLF.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.41 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UETE.DE vs. XGLF.DE — Risk / Return Rank
UETE.DE
XGLF.DE
UETE.DE vs. XGLF.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 Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.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 | XGLF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.07 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 4.97 | 0.51 | +4.46 |
| Martin ratioReturn relative to average drawdown | 14.15 | 1.11 | +13.03 |
Loading charts...
Drawdowns
UETE.DE vs. XGLF.DE - Drawdown Comparison
The maximum UETE.DE drawdown since its inception was -39.65%, smaller than the maximum XGLF.DE drawdown of -42.15%. Use the drawdown chart below to compare losses from any high point for UETE.DE and XGLF.DE.
Loading charts...
Drawdown Indicators
| UETE.DE | XGLF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.65% | -42.15% | +2.50% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -9.05% | -0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -20.18% | -18.41% | -1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -23.78% | -31.29% | +7.51% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.16% | — |
Current DrawdownCurrent decline from peak | -8.62% | -17.67% | +9.05% |
Average DrawdownAverage peak-to-trough decline | -11.47% | -18.25% | +6.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 4.16% | -0.84% |
Volatility
UETE.DE vs. XGLF.DE - Volatility Comparison
UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) has a higher volatility of 8.53% compared to Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.DE) at 3.71%. This indicates that UETE.DE's price experiences larger fluctuations and is considered to be riskier than XGLF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UETE.DE | XGLF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.53% | 3.71% | +4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 18.33% | 8.99% | +9.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.94% | 12.56% | +8.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 15.36% | +3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.14% | 18.33% | +2.81% |
UETE.DE vs. XGLF.DE - Expense Ratio Comparison
UETE.DE has a 0.24% expense ratio, which is lower than XGLF.DE's 0.65% expense ratio.
Dividends
UETE.DE vs. XGLF.DE - Dividend Comparison
Neither UETE.DE nor XGLF.DE has paid dividends to shareholders.
Frequently Asked Questions
UETE.DE and XGLF.DE have a correlation of 0.31, 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 0.65% for XGLF.DE.
UETE.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped, while XGLF.DE tracks MSCI GCC Countries ex Select Securities Index. They also come from different issuers: UBS and Xtrackers. Their fees differ too: 0.24% for UETE.DE and 0.65% for XGLF.DE.
Find the right allocation for UETE.DE and XGLF.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer