2B7K.DE vs. UETW.DE
2B7K.DE (iShares MSCI World SRI UCITS ETF EUR (Acc)) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - 2B7K.DE tracks the MSCI World SRI Select Reduced Fossil Fuels while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, 2B7K.DE returned 9.66%/yr vs 12.10%/yr for UETW.DE. With a 0.95 correlation, they move nearly in lockstep. 2B7K.DE charges 0.20%/yr vs 0.10%/yr for UETW.DE.
Performance
2B7K.DE vs. UETW.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with 2B7K.DE having a 12.05% return and UETW.DE slightly higher at 12.13%.
2B7K.DE
- 1D
- -0.07%
- 1M
- -1.09%
- 6M
- 9.54%
- YTD
- 12.05%
- 1Y
- 19.39%
- 3Y*
- 12.43%
- 5Y*
- 9.66%
- 10Y*
- —
- ALL TIME*
- 12.86%
UETW.DE
- 1D
- 0.28%
- 1M
- 0.31%
- 6M
- 10.76%
- YTD
- 12.13%
- 1Y
- 22.72%
- 3Y*
- 17.32%
- 5Y*
- 12.10%
- 10Y*
- —
- ALL TIME*
- 11.78%
2B7K.DE vs. UETW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
2B7K.DE iShares MSCI World SRI UCITS ETF EUR (Acc) | 12.05% | 2.87% | 17.54% | 20.84% | -16.92% | 36.73% | 9.54% | 16.09% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 12.13% | 8.05% | 26.48% | 19.71% | -13.72% | 32.19% | 5.49% | 0.11% |
Correlation
The correlation between 2B7K.DE and UETW.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2019 | 0.95 |
The correlation between 2B7K.DE and UETW.DE has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
2B7K.DE vs. UETW.DE — Risk / Return Rank
2B7K.DE
UETW.DE
2B7K.DE vs. UETW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World SRI UCITS ETF EUR (Acc) (2B7K.DE) and UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.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.
| 2B7K.DE | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.38 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 3.39 | -0.87 |
| Martin ratioReturn relative to average drawdown | 9.28 | 13.26 | -3.98 |
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Drawdowns
2B7K.DE vs. UETW.DE - Drawdown Comparison
The maximum 2B7K.DE drawdown since its inception was -31.63%, smaller than the maximum UETW.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for 2B7K.DE and UETW.DE.
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Drawdown Indicators
| 2B7K.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.63% | -33.74% | +2.11% |
Max Drawdown (1Y)Largest decline over 1 year | -7.66% | -6.67% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -21.33% | -21.32% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -21.33% | -21.32% | -0.01% |
Current DrawdownCurrent decline from peak | -2.70% | -0.89% | -1.81% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -4.97% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.71% | +0.37% |
Volatility
2B7K.DE vs. UETW.DE - Volatility Comparison
iShares MSCI World SRI UCITS ETF EUR (Acc) (2B7K.DE) has a higher volatility of 3.69% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.65%. This indicates that 2B7K.DE's price experiences larger fluctuations and is considered to be riskier than UETW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2B7K.DE | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 2.65% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 7.78% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 11.03% | +1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.66% | 14.03% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 16.55% | -0.41% |
2B7K.DE vs. UETW.DE - Expense Ratio Comparison
2B7K.DE has a 0.20% expense ratio, which is higher than UETW.DE's 0.10% 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
2B7K.DE vs. UETW.DE - Dividend Comparison
Neither 2B7K.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
2B7K.DE and UETW.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UETW.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for 2B7K.DE.
2B7K.DE tracks MSCI World SRI Select Reduced Fossil Fuels, while UETW.DE tracks MSCI World. They also come from different issuers: iShares and UBS. Their fees differ too: 0.20% for 2B7K.DE and 0.10% for UETW.DE.
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