UETE.DE vs. XZEM.DE
UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) and XZEM.DE (Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C) are both Emerging Markets Equities funds - UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped while XZEM.DE tracks the MSCI Emerging Markets Low Carbon SRI Leaders. Both are passively managed. Over the past 5 years, UETE.DE returned 9.62%/yr vs 3.16%/yr for XZEM.DE. Their correlation of 0.87 suggests significant overlap in exposure. UETE.DE charges 0.24%/yr vs 0.25%/yr for XZEM.DE.
Performance
UETE.DE vs. XZEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UETE.DE achieves a 35.33% return, which is significantly higher than XZEM.DE's 14.11% return.
UETE.DE
- 1D
- -0.29%
- 1M
- 2.07%
- YTD
- 35.33%
- 6M
- 37.80%
- 1Y
- 55.15%
- 3Y*
- 25.08%
- 5Y*
- 9.62%
- 10Y*
- —
XZEM.DE
- 1D
- 0.74%
- 1M
- 2.54%
- YTD
- 14.11%
- 6M
- 15.27%
- 1Y
- 27.57%
- 3Y*
- 15.53%
- 5Y*
- 3.16%
- 10Y*
- —
UETE.DE vs. XZEM.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 | 35.33% | 21.01% | 16.13% | 2.59% | -15.04% | 7.14% | 5.67% | 6.41% |
XZEM.DE Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C | 14.11% | 16.53% | 16.93% | 0.18% | -14.31% | -4.19% | 6.11% | -0.06% |
Correlation
The correlation between UETE.DE and XZEM.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2019 | 0.87 |
The correlation between UETE.DE and XZEM.DE has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
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Return for Risk
UETE.DE vs. XZEM.DE — Risk / Return Rank
UETE.DE
XZEM.DE
UETE.DE vs. XZEM.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 Emerging Markets ESG UCITS ETF 1C (XZEM.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 | XZEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.27 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 5.82 | 2.60 | +3.22 |
| Martin ratioReturn relative to average drawdown | 18.90 | 8.13 | +10.77 |
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Drawdowns
UETE.DE vs. XZEM.DE - Drawdown Comparison
The maximum UETE.DE drawdown since its inception was -39.65%, which is greater than XZEM.DE's maximum drawdown of -37.17%. Use the drawdown chart below to compare losses from any high point for UETE.DE and XZEM.DE.
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Drawdown Indicators
| UETE.DE | XZEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.65% | -37.17% | -2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -10.55% | +1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -20.18% | -20.90% | +0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -23.78% | -32.74% | +8.96% |
Current DrawdownCurrent decline from peak | -4.98% | -4.82% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -11.50% | -16.69% | +5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 3.38% | -0.47% |
Volatility
UETE.DE vs. XZEM.DE - Volatility Comparison
The current volatility for UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) is 8.44%, while Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XZEM.DE) has a volatility of 9.10%. This indicates that UETE.DE experiences smaller price fluctuations and is considered to be less risky than XZEM.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 | XZEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.44% | 9.10% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 17.29% | 15.52% | +1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.99% | 18.31% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.32% | 18.82% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.08% | 21.20% | -0.12% |
UETE.DE vs. XZEM.DE - Expense Ratio Comparison
UETE.DE has a 0.24% expense ratio, which is lower than XZEM.DE's 0.25% expense ratio. Despite the difference, 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. XZEM.DE - Dividend Comparison
Neither UETE.DE nor XZEM.DE has paid dividends to shareholders.
Frequently Asked Questions
UETE.DE and XZEM.DE have a correlation of 0.86, 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 0.25% for XZEM.DE.
UETE.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped, while XZEM.DE tracks MSCI Emerging Markets Low Carbon SRI Leaders. They also come from different issuers: UBS and Xtrackers. Their fees differ too: 0.24% for UETE.DE and 0.25% for XZEM.DE.
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