UIMI.DE vs. FVEM.DE

Last updated Jun 26, 2026

UIMI.DE (UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD) A-dis) and FVEM.DE (Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation) are both Emerging Markets Equities funds - UIMI.DE tracks the MSCI Emerging Markets while FVEM.DE tracks the MSCI Emerging Markets Climate Paris Aligned. Both are passively managed. Over the past 3 years, UIMI.DE returned 21.85%/yr vs 18.78%/yr for FVEM.DE. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.

Performance

UIMI.DE vs. FVEM.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 Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation (FVEM.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 29.16% return, which is significantly higher than FVEM.DE's 25.46% return.

UIMI.DE

• 1D: 0.50%
• 1M: 2.41%
• YTD: 29.16%
• 6M: 31.10%
• 1Y: 48.56%
• 3Y*: 21.85%
• 5Y*: 8.45%
• 10Y*: 10.38%

FVEM.DE

• 1D: 0.00%
• 1M: 0.95%
• YTD: 25.46%
• 6M: 26.71%
• 1Y: 44.73%
• 3Y*: 18.78%
• 5Y*: —
• 10Y*: —

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

UIMI.DE vs. FVEM.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UIMI.DE UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD) A-dis	29.16%	20.11%	13.22%	1.65%
FVEM.DE Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation	25.46%	17.23%	13.32%	-5.86%

Correlation

The correlation between UIMI.DE and FVEM.DE is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Mar 9, 2023	0.93

The correlation between UIMI.DE and FVEM.DE has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

Return for Risk

UIMI.DE vs. FVEM.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: 88
UIMI.DE Sortino Ratio Rank: 84
UIMI.DE Omega Ratio Rank: 86
UIMI.DE Calmar Ratio Rank: 89
UIMI.DE Martin Ratio Rank: 86

FVEM.DE

FVEM.DE Risk / Return Rank: 83
FVEM.DE Sharpe Ratio Rank: 84
FVEM.DE Sortino Ratio Rank: 80
FVEM.DE Omega Ratio Rank: 82
FVEM.DE Calmar Ratio Rank: 86
FVEM.DE Martin Ratio Rank: 85

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. FVEM.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 Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation (FVEM.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.

	UIMI.DE	FVEM.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.36	+0.16
Sortino ratio: Return per unit of downside risk	3.28	3.14	+0.14
Omega ratio: Gain probability vs. loss probability	1.46	1.43	+0.03
Calmar ratio: Return relative to maximum drawdown	4.71	4.23	+0.48
Martin ratio: Return relative to average drawdown	16.14	15.44	+0.70

UIMI.DE vs. FVEM.DE - Sharpe Ratio Comparison

The current UIMI.DE Sharpe Ratio is 2.52, which is comparable to the FVEM.DE Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of UIMI.DE and FVEM.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.

Drawdowns

UIMI.DE vs. FVEM.DE - Drawdown Comparison

The maximum UIMI.DE drawdown since its inception was -47.57%, which is greater than FVEM.DE's maximum drawdown of -18.76%. Use the drawdown chart below to compare losses from any high point for UIMI.DE and FVEM.DE.

Drawdown Indicators

	UIMI.DE	FVEM.DE	Difference
Max Drawdown Largest peak-to-trough decline	-47.57%	-18.76%	-28.81%
Max Drawdown (1Y) Largest decline over 1 year	-10.25%	-10.62%	+0.37%
Max Drawdown (3Y) Largest decline over 3 years	-19.74%	-18.76%	-0.98%
Max Drawdown (5Y) Largest decline over 5 years	-23.92%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.04%	—	—
Current Drawdown Current decline from peak	-3.94%	-4.53%	+0.59%
Average Drawdown Average peak-to-trough decline	-18.15%	-4.39%	-13.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	2.91%	+0.09%

Volatility

UIMI.DE vs. FVEM.DE - Volatility Comparison

UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD) A-dis (UIMI.DE) has a higher volatility of 8.78% compared to Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation (FVEM.DE) at 8.36%. This indicates that UIMI.DE's price experiences larger fluctuations and is considered to be riskier than FVEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UIMI.DE	FVEM.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.78%	8.36%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	16.70%	16.46%	+0.24%
Volatility (1Y) Calculated over the trailing 1-year period	19.16%	19.01%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.07%	16.82%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.37%	16.82%	+1.55%

UIMI.DE vs. FVEM.DE - Expense Ratio Comparison

Both UIMI.DE and FVEM.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. FVEM.DE - Dividend Comparison

UIMI.DE's dividend yield for the trailing twelve months is around 1.67%, while FVEM.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FVEM.DE Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF USD Capitalisation	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	1.67%	2.30%	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 FVEM.DE in my portfolio?

With a correlation of 0.92, UIMI.DE and FVEM.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 FVEM.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 FVEM.DE?

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

What is the main difference between UIMI.DE and FVEM.DE?

UIMI.DE tracks MSCI Emerging Markets, while FVEM.DE tracks MSCI Emerging Markets Climate Paris Aligned. They also come from different issuers: UBS and Franklin Templeton.