XZEM.DE vs. UETE.DE
XZEM.DE (Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C) and UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) are both Emerging Markets Equities funds - XZEM.DE tracks the MSCI Emerging Markets Low Carbon SRI Leaders while UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 5 years, XZEM.DE returned 3.16%/yr vs 9.62%/yr for UETE.DE. Their correlation of 0.87 suggests significant overlap in exposure. XZEM.DE charges 0.25%/yr vs 0.24%/yr for UETE.DE.
Performance
XZEM.DE vs. UETE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZEM.DE achieves a 14.11% return, which is significantly lower than UETE.DE's 35.33% return.
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
- 1D
- -0.29%
- 1M
- 2.07%
- YTD
- 35.33%
- 6M
- 37.80%
- 1Y
- 55.15%
- 3Y*
- 25.08%
- 5Y*
- 9.62%
- 10Y*
- —
XZEM.DE vs. UETE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between XZEM.DE and UETE.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 XZEM.DE and UETE.DE has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
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Return for Risk
XZEM.DE vs. UETE.DE — Risk / Return Rank
XZEM.DE
UETE.DE
XZEM.DE vs. UETE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XZEM.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.
| XZEM.DE | UETE.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 | 1.27 | 1.49 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 5.82 | -3.22 |
| Martin ratioReturn relative to average drawdown | 8.13 | 18.90 | -10.77 |
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Drawdowns
XZEM.DE vs. UETE.DE - Drawdown Comparison
The maximum XZEM.DE drawdown since its inception was -37.17%, smaller than the maximum UETE.DE drawdown of -39.65%. Use the drawdown chart below to compare losses from any high point for XZEM.DE and UETE.DE.
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Drawdown Indicators
| XZEM.DE | UETE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.17% | -39.65% | +2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -9.43% | -1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -20.90% | -20.18% | -0.72% |
Max Drawdown (5Y)Largest decline over 5 years | -32.74% | -23.78% | -8.96% |
Current DrawdownCurrent decline from peak | -4.82% | -4.98% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -16.69% | -11.50% | -5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 2.91% | +0.47% |
Volatility
XZEM.DE vs. UETE.DE - Volatility Comparison
Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XZEM.DE) has a higher volatility of 9.10% compared to UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) at 8.44%. This indicates that XZEM.DE's price experiences larger fluctuations and is considered to be riskier 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
| XZEM.DE | UETE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.10% | 8.44% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 15.52% | 17.29% | -1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.31% | 19.99% | -1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.82% | 18.32% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.20% | 21.08% | +0.12% |
XZEM.DE vs. UETE.DE - Expense Ratio Comparison
XZEM.DE has a 0.25% expense ratio, which is higher than UETE.DE's 0.24% 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
XZEM.DE vs. UETE.DE - Dividend Comparison
Neither XZEM.DE nor UETE.DE has paid dividends to shareholders.
Frequently Asked Questions
XZEM.DE and UETE.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.
XZEM.DE tracks MSCI Emerging Markets Low Carbon SRI Leaders, 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: 0.25% for XZEM.DE and 0.24% for UETE.DE.
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