UIMI.DE vs. 84X0.DE

Last updated Jun 5, 2026

UIMI.DE (UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD) A-dis) and 84X0.DE (iShares MSCI EM ex-China UCITS ETF USD Acc) are both Emerging Markets Equities funds - UIMI.DE tracks the MSCI Emerging Markets while 84X0.DE tracks the MSCI Emerging Markets ex China Index (Net). Both are passively managed. Over the past year, UIMI.DE returned 50.04% vs 68.88% for 84X0.DE. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.

Performance

UIMI.DE vs. 84X0.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD) A-dis (UIMI.DE) and iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UIMI.DE achieves a 27.62% return, which is significantly lower than 84X0.DE's 40.37% return.

UIMI.DE

• 1D: -1.51%
• 1M: 5.91%
• YTD: 27.62%
• 6M: 29.93%
• 1Y: 50.04%
• 3Y*: 21.00%
• 5Y*: 8.50%
• 10Y*: 9.97%

84X0.DE

• 1D: -1.73%
• 1M: 8.33%
• YTD: 40.37%
• 6M: 44.02%
• 1Y: 68.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UIMI.DE vs. 84X0.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UIMI.DE UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD) A-dis	27.62%	20.10%	13.22%	3.45%
84X0.DE iShares MSCI EM ex-China UCITS ETF USD Acc	40.37%	19.85%	9.62%	7.38%

Correlation

The correlation between UIMI.DE and 84X0.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 (All Time) Calculated using the full available price history since Nov 6, 2023	0.89

The correlation between UIMI.DE and 84X0.DE has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.

Return for Risk

UIMI.DE vs. 84X0.DE — Risk / Return Rank

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

UIMI.DE

UIMI.DE Risk / Return Rank: 86
UIMI.DE Sharpe Ratio Rank: 87
UIMI.DE Sortino Ratio Rank: 85
UIMI.DE Omega Ratio Rank: 85
UIMI.DE Calmar Ratio Rank: 87
UIMI.DE Martin Ratio Rank: 86

84X0.DE

84X0.DE Risk / Return Rank: 93
84X0.DE Sharpe Ratio Rank: 94
84X0.DE Sortino Ratio Rank: 93
84X0.DE Omega Ratio Rank: 93
84X0.DE Calmar Ratio Rank: 91
84X0.DE Martin Ratio Rank: 91

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.

UIMI.DE vs. 84X0.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD) A-dis (UIMI.DE) and iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.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.

	UIMI.DE	84X0.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.81	3.52	-0.71
Sortino ratio: Return per unit of downside risk	3.73	4.51	-0.77
Omega ratio: Gain probability vs. loss probability	1.50	1.64	-0.13
Calmar ratio: Return relative to maximum drawdown	4.85	5.88	-1.02
Martin ratio: Return relative to average drawdown	17.64	21.92	-4.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UIMI.DE vs. 84X0.DE - Sharpe Ratio Comparison

The current UIMI.DE Sharpe Ratio is 2.81, which is comparable to the 84X0.DE Sharpe Ratio of 3.52. The chart below compares the historical Sharpe Ratios of UIMI.DE and 84X0.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

	UIMI.DE	84X0.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.81	3.52	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	1.77	-1.44

Drawdowns

UIMI.DE vs. 84X0.DE - Drawdown Comparison

The maximum UIMI.DE drawdown since its inception was -36.26%, which is greater than 84X0.DE's maximum drawdown of -19.72%. Use the drawdown chart below to compare losses from any high point for UIMI.DE and 84X0.DE.

Drawdown Indicators

	UIMI.DE	84X0.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.26%	-19.72%	-16.54%
Max Drawdown (1Y) Largest decline over 1 year	-10.26%	-11.66%	+1.40%
Max Drawdown (3Y) Largest decline over 3 years	-19.74%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.93%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.05%	—	—
Current Drawdown Current decline from peak	-2.57%	-2.49%	-0.08%
Average Drawdown Average peak-to-trough decline	-11.15%	-2.70%	-8.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	3.13%	-0.30%

Volatility

UIMI.DE vs. 84X0.DE - Volatility Comparison

The current volatility for UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD) A-dis (UIMI.DE) is 7.28%, while iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) has a volatility of 8.41%. This indicates that UIMI.DE experiences smaller price fluctuations and is considered to be less risky than 84X0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UIMI.DE	84X0.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.28%	8.41%	-1.13%
Volatility (6M) Calculated over the trailing 6-month period	14.92%	16.93%	-2.01%
Volatility (1Y) Calculated over the trailing 1-year period	17.74%	19.46%	-1.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.72%	17.11%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	17.11%	+1.16%

UIMI.DE vs. 84X0.DE - Expense Ratio Comparison

Both UIMI.DE and 84X0.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

UIMI.DE vs. 84X0.DE - Dividend Comparison

UIMI.DE's dividend yield for the trailing twelve months is around 1.69%, while 84X0.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
84X0.DE iShares MSCI EM ex-China UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UIMI.DE UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD) A-dis	1.69%	2.31%	2.10%	2.63%	2.91%	1.68%	1.82%	2.17%	2.03%	1.67%	2.54%	2.72%

Frequently Asked Questions

Can I hold both UIMI.DE and 84X0.DE in my portfolio?

With a correlation of 0.94, UIMI.DE and 84X0.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, UIMI.DE or 84X0.DE?

Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UIMI.DE or 84X0.DE?

UIMI.DE and 84X0.DE have the same expense ratio: 0.18% per year.

What is the main difference between UIMI.DE and 84X0.DE?

UIMI.DE tracks MSCI Emerging Markets, while 84X0.DE tracks MSCI Emerging Markets ex China Index (Net). They also come from different issuers: UBS and iShares.