XBAK.DE vs. UETE.DE
XBAK.DE (Xtrackers MSCI Pakistan Swap UCITS ETF (Acc)) and UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) are both Emerging Markets Equities funds - XBAK.DE tracks the MSCI Pakistan Investable Market Index while UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 5 years, XBAK.DE returned 10.04%/yr vs 8.53%/yr for UETE.DE. At a 0.20 correlation, their price movements are largely independent. XBAK.DE charges 0.85%/yr vs 0.24%/yr for UETE.DE.
Performance
XBAK.DE vs. UETE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XBAK.DE achieves a 1.30% return, which is significantly lower than UETE.DE's 26.60% return.
XBAK.DE
- 1D
- -0.64%
- 1M
- -1.27%
- 6M
- -5.45%
- YTD
- 1.30%
- 1Y
- 23.81%
- 3Y*
- 41.68%
- 5Y*
- 10.04%
- 10Y*
- -1.95%
UETE.DE
- 1D
- -2.12%
- 1M
- -8.01%
- 6M
- 20.58%
- YTD
- 26.60%
- 1Y
- 42.29%
- 3Y*
- 21.51%
- 5Y*
- 8.53%
- 10Y*
- —
XBAK.DE vs. UETE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XBAK.DE Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) | 1.30% | 20.31% | 75.92% | 15.36% | -24.63% | -7.97% | -15.81% | 9.39% |
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 26.60% | 21.01% | 16.13% | 2.59% | -15.04% | 7.14% | 5.67% | -5.92% |
Correlation
The correlation between XBAK.DE and UETE.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.20 |
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Return for Risk
XBAK.DE vs. UETE.DE — Risk / Return Rank
XBAK.DE
UETE.DE
XBAK.DE vs. UETE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) (XBAK.DE) and UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.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.
| XBAK.DE | UETE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.36 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 3.79 | -2.79 |
| Martin ratioReturn relative to average drawdown | 2.56 | 12.25 | -9.69 |
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Drawdowns
XBAK.DE vs. UETE.DE - Drawdown Comparison
The maximum XBAK.DE drawdown since its inception was -79.30%, which is greater than UETE.DE's maximum drawdown of -39.65%. Use the drawdown chart below to compare losses from any high point for XBAK.DE and UETE.DE.
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Drawdown Indicators
| XBAK.DE | UETE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.30% | -39.65% | -39.65% |
Max Drawdown (1Y)Largest decline over 1 year | -23.67% | -11.11% | -12.56% |
Max Drawdown (3Y)Largest decline over 3 years | -23.67% | -20.18% | -3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -48.44% | -23.78% | -24.66% |
Max Drawdown (10Y)Largest decline over 10 years | -79.30% | — | — |
Current DrawdownCurrent decline from peak | -35.00% | -11.11% | -23.89% |
Average DrawdownAverage peak-to-trough decline | -37.82% | -11.46% | -26.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.27% | 3.44% | +5.83% |
Volatility
XBAK.DE vs. UETE.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) (XBAK.DE) is 7.76%, while UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) has a volatility of 8.41%. This indicates that XBAK.DE experiences smaller price fluctuations and is considered to be less risky than UETE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBAK.DE | UETE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.76% | 8.41% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 24.65% | 18.47% | +6.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.58% | 21.03% | +7.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.70% | 18.51% | +6.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.61% | 21.15% | +3.46% |
XBAK.DE vs. UETE.DE - Expense Ratio Comparison
XBAK.DE has a 0.85% expense ratio, which is higher than UETE.DE's 0.24% expense ratio.
Dividends
XBAK.DE vs. UETE.DE - Dividend Comparison
Neither XBAK.DE nor UETE.DE has paid dividends to shareholders.
Frequently Asked Questions
XBAK.DE and UETE.DE have a correlation of 0.17, 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 0.85% for XBAK.DE.
XBAK.DE tracks MSCI Pakistan Investable Market Index, while UETE.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. They also come from different issuers: Xtrackers and UBS. Their fees differ too: 0.85% for XBAK.DE and 0.24% for UETE.DE.
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