UIM4.DE vs. UET5.DE

Last updated Jun 5, 2026

UIM4.DE (UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis) and UET5.DE (UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist) are both Europe Equities funds from UBS - UIM4.DE tracks the MSCI EMU while UET5.DE tracks the EURO STOXX® 50 ESG. Both are passively managed. Over the past 5 years, UIM4.DE returned 10.60%/yr vs 13.80%/yr for UET5.DE. With a 0.97 correlation, they move nearly in lockstep. UIM4.DE charges 0.12%/yr vs 0.10%/yr for UET5.DE.

Performance

UIM4.DE vs. UET5.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis (UIM4.DE) and UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist (UET5.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with UIM4.DE having a 8.95% return and UET5.DE slightly lower at 8.56%.

UIM4.DE

• 1D: 0.60%
• 1M: 4.76%
• YTD: 8.95%
• 6M: 10.84%
• 1Y: 18.11%
• 3Y*: 16.13%
• 5Y*: 10.60%
• 10Y*: 10.00%

UET5.DE

• 1D: 0.78%
• 1M: 5.24%
• YTD: 8.56%
• 6M: 10.23%
• 1Y: 19.15%
• 3Y*: 18.86%
• 5Y*: 13.80%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UIM4.DE vs. UET5.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UIM4.DE UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis	8.95%	24.73%	9.53%	18.91%	-11.89%	21.97%	-0.72%	13.41%
UET5.DE UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist	8.56%	25.92%	12.78%	25.36%	-9.35%	26.94%	0.18%	15.08%

Correlation

The correlation between UIM4.DE and UET5.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Aug 7, 2019	0.97

The correlation between UIM4.DE and UET5.DE has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

Return for Risk

UIM4.DE vs. UET5.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UIM4.DE

UIM4.DE Risk / Return Rank: 37
UIM4.DE Sharpe Ratio Rank: 35
UIM4.DE Sortino Ratio Rank: 37
UIM4.DE Omega Ratio Rank: 35
UIM4.DE Calmar Ratio Rank: 37
UIM4.DE Martin Ratio Rank: 41

UET5.DE

UET5.DE Risk / Return Rank: 33
UET5.DE Sharpe Ratio Rank: 31
UET5.DE Sortino Ratio Rank: 33
UET5.DE Omega Ratio Rank: 32
UET5.DE Calmar Ratio Rank: 33
UET5.DE Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UIM4.DE vs. UET5.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis (UIM4.DE) and UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist (UET5.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.

	UIM4.DE	UET5.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.12	+0.11
Sortino ratio: Return per unit of downside risk	1.88	1.74	+0.14
Omega ratio: Gain probability vs. loss probability	1.23	1.21	+0.02
Calmar ratio: Return relative to maximum drawdown	1.78	1.61	+0.17
Martin ratio: Return relative to average drawdown	6.46	5.64	+0.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UIM4.DE vs. UET5.DE - Sharpe Ratio Comparison

The current UIM4.DE Sharpe Ratio is 1.23, which is comparable to the UET5.DE Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of UIM4.DE and UET5.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UIM4.DE	UET5.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	1.12	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.79	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.74	-0.30

Drawdowns

UIM4.DE vs. UET5.DE - Drawdown Comparison

The maximum UIM4.DE drawdown since its inception was -57.87%, which is greater than UET5.DE's maximum drawdown of -37.03%. Use the drawdown chart below to compare losses from any high point for UIM4.DE and UET5.DE.

Drawdown Indicators

	UIM4.DE	UET5.DE	Difference
Max Drawdown Largest peak-to-trough decline	-57.87%	-37.03%	-20.84%
Max Drawdown (1Y) Largest decline over 1 year	-10.11%	-11.81%	+1.70%
Max Drawdown (3Y) Largest decline over 3 years	-15.21%	-15.56%	+0.35%
Max Drawdown (5Y) Largest decline over 5 years	-24.54%	-23.13%	-1.41%
Max Drawdown (10Y) Largest decline over 10 years	-38.32%	—	—
Current Drawdown Current decline from peak	-0.54%	-0.35%	-0.19%
Average Drawdown Average peak-to-trough decline	-11.29%	-4.98%	-6.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	3.39%	-0.60%

Volatility

UIM4.DE vs. UET5.DE - Volatility Comparison

The current volatility for UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis (UIM4.DE) is 4.77%, while UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist (UET5.DE) has a volatility of 5.06%. This indicates that UIM4.DE experiences smaller price fluctuations and is considered to be less risky than UET5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UIM4.DE	UET5.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	5.06%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	11.99%	13.82%	-1.83%
Volatility (1Y) Calculated over the trailing 1-year period	14.61%	16.97%	-2.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.30%	17.27%	-0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.33%	19.69%	-2.36%

UIM4.DE vs. UET5.DE - Expense Ratio Comparison

UIM4.DE has a 0.12% expense ratio, which is higher than UET5.DE's 0.10% 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

UIM4.DE vs. UET5.DE - Dividend Comparison

UIM4.DE's dividend yield for the trailing twelve months is around 2.46%, less than UET5.DE's 2.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UET5.DE UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist	2.92%	2.15%	3.28%	2.96%	3.06%	1.90%	1.93%	0.00%	0.00%	0.00%	0.00%	0.00%
UIM4.DE UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis	2.46%	2.52%	2.71%	2.69%	2.84%	1.83%	1.58%	2.66%	3.26%	2.51%	2.57%	2.99%

Frequently Asked Questions

Can I hold both UIM4.DE and UET5.DE in my portfolio?

With a correlation of 0.97, UIM4.DE and UET5.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.

Which ETF is better, UIM4.DE or UET5.DE?

On fees, UET5.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UIM4.DE or UET5.DE?

UET5.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for UIM4.DE.

What is the main difference between UIM4.DE and UET5.DE?

UIM4.DE tracks MSCI EMU, while UET5.DE tracks EURO STOXX® 50 ESG. Their fees differ too: 0.12% for UIM4.DE and 0.10% for UET5.DE.