ZPR5.DE vs. UEFS.DE
ZPR5.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF) and UEFS.DE (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist) are both Emerging Markets Bonds funds - ZPR5.DE tracks the ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a while UEFS.DE tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped. Both are passively managed. Over the past 10 years, ZPR5.DE returned 2.25%/yr vs 3.55%/yr for UEFS.DE. A 0.72 correlation means they provide meaningful diversification when combined. ZPR5.DE charges 0.42%/yr vs 0.25%/yr for UEFS.DE.
Performance
ZPR5.DE vs. UEFS.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZPR5.DE achieves a 2.14% return, which is significantly lower than UEFS.DE's 3.71% return. Over the past 10 years, ZPR5.DE has underperformed UEFS.DE with an annualized return of 2.25%, while UEFS.DE has yielded a comparatively higher 3.55% annualized return.
ZPR5.DE
- 1D
- -0.10%
- 1M
- 1.03%
- YTD
- 2.14%
- 6M
- 1.53%
- 1Y
- 3.84%
- 3Y*
- 3.25%
- 5Y*
- 3.18%
- 10Y*
- 2.25%
UEFS.DE
- 1D
- -0.03%
- 1M
- 1.64%
- YTD
- 3.71%
- 6M
- 3.40%
- 1Y
- 11.85%
- 3Y*
- 8.56%
- 5Y*
- 3.30%
- 10Y*
- 3.55%
ZPR5.DE vs. UEFS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPR5.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF | 2.14% | -4.12% | 11.04% | 2.52% | -1.06% | 7.98% | -6.72% | 8.14% | 4.71% | -8.80% |
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 3.71% | 2.37% | 13.84% | 8.28% | -14.67% | 5.66% | -4.70% | 17.07% | 0.35% | -3.07% |
Correlation
The correlation between ZPR5.DE and UEFS.DE is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2016 | 0.72 |
The correlation between ZPR5.DE and UEFS.DE has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZPR5.DE vs. UEFS.DE — Risk / Return Rank
ZPR5.DE
UEFS.DE
ZPR5.DE vs. UEFS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (ZPR5.DE) and UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.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.
| ZPR5.DE | UEFS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.38 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 3.96 | -2.86 |
| Martin ratioReturn relative to average drawdown | 2.73 | 12.59 | -9.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZPR5.DE | UEFS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 1.98 | -1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.38 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.38 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.44 | -0.05 |
Drawdowns
ZPR5.DE vs. UEFS.DE - Drawdown Comparison
The maximum ZPR5.DE drawdown since its inception was -14.48%, smaller than the maximum UEFS.DE drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for ZPR5.DE and UEFS.DE.
Loading charts...
Drawdown Indicators
| ZPR5.DE | UEFS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.48% | -24.26% | +9.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -2.87% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -9.72% | -13.70% | +3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -9.92% | -17.84% | +7.92% |
Max Drawdown (10Y)Largest decline over 10 years | -14.48% | -24.26% | +9.78% |
Current DrawdownCurrent decline from peak | -4.28% | -0.03% | -4.25% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -7.41% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 0.91% | +0.39% |
Volatility
ZPR5.DE vs. UEFS.DE - Volatility Comparison
The current volatility for SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (ZPR5.DE) is 0.96%, while UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.DE) has a volatility of 1.27%. This indicates that ZPR5.DE experiences smaller price fluctuations and is considered to be less risky than UEFS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZPR5.DE | UEFS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.27% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 3.77% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 5.76% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.04% | 8.69% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.20% | 9.37% | -2.17% |
ZPR5.DE vs. UEFS.DE - Expense Ratio Comparison
ZPR5.DE has a 0.42% expense ratio, which is higher than UEFS.DE's 0.25% expense ratio.
Dividends
ZPR5.DE vs. UEFS.DE - Dividend Comparison
ZPR5.DE's dividend yield for the trailing twelve months is around 4.83%, less than UEFS.DE's 6.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 6.50% | 7.96% | 6.14% | 6.46% | 6.08% | 4.22% | 5.09% | 4.60% | 4.53% | 4.90% | 2.30% | 0.00% |
ZPR5.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF | 4.83% | 5.10% | 4.16% | 3.16% | 2.54% | 2.63% | 3.53% | 3.34% | 2.73% | 3.18% | 2.72% | 1.83% |
Frequently Asked Questions
ZPR5.DE and UEFS.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEFS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEFS.DE is cheaper with a 0.25% expense ratio, compared with 0.42% for ZPR5.DE.
ZPR5.DE tracks ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a, while UEFS.DE tracks Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped. They also come from different issuers: State Street and UBS. Their fees differ too: 0.42% for ZPR5.DE and 0.25% for UEFS.DE.
Find the right allocation for ZPR5.DE and UEFS.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer