4UBQ.DE vs. UETW.DE
4UBQ.DE (UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both exchange-traded funds - 4UBQ.DE is a S&P 500 fund tracking the S&P 500 ESG, while UETW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, 4UBQ.DE returned 15.51%/yr vs 12.87%/yr for UETW.DE. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.10% expense ratio.
Performance
4UBQ.DE vs. UETW.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with 4UBQ.DE having a 11.15% return and UETW.DE slightly lower at 10.95%.
4UBQ.DE
- 1D
- 0.58%
- 1M
- 5.42%
- YTD
- 11.15%
- 6M
- 11.64%
- 1Y
- 28.57%
- 3Y*
- 18.50%
- 5Y*
- 15.51%
- 10Y*
- —
UETW.DE
- 1D
- -0.01%
- 1M
- 4.88%
- YTD
- 10.95%
- 6M
- 11.42%
- 1Y
- 23.88%
- 3Y*
- 17.68%
- 5Y*
- 12.87%
- 10Y*
- —
4UBQ.DE vs. UETW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
4UBQ.DE UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc | 11.15% | 5.39% | 31.02% | 24.03% | -13.92% | 43.62% | 8.66% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 10.95% | 8.06% | 26.50% | 19.68% | -13.72% | 32.17% | 10.89% |
Correlation
The correlation between 4UBQ.DE and UETW.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020 | 0.95 |
The correlation between 4UBQ.DE and UETW.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
4UBQ.DE vs. UETW.DE — Risk / Return Rank
4UBQ.DE
UETW.DE
4UBQ.DE vs. UETW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc (4UBQ.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.
| 4UBQ.DE | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.40 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 3.67 | +0.43 |
| Martin ratioReturn relative to average drawdown | 15.73 | 14.61 | +1.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 4UBQ.DE | UETW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.47 | 2.17 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.91 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.85 | +0.26 |
Drawdowns
4UBQ.DE vs. UETW.DE - Drawdown Comparison
The maximum 4UBQ.DE drawdown since its inception was -23.35%, smaller than the maximum UETW.DE drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for 4UBQ.DE and UETW.DE.
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Drawdown Indicators
| 4UBQ.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.35% | -33.72% | +10.37% |
Max Drawdown (1Y)Largest decline over 1 year | -6.93% | -6.47% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -23.35% | -21.30% | -2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -23.35% | -21.30% | -2.05% |
Current DrawdownCurrent decline from peak | 0.00% | -0.30% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -4.63% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.63% | +0.18% |
Volatility
4UBQ.DE vs. UETW.DE - Volatility Comparison
UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc (4UBQ.DE) has a higher volatility of 2.81% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.60%. This indicates that 4UBQ.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
| 4UBQ.DE | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 2.60% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 7.63% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.53% | 10.97% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 14.03% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.39% | 16.11% | -0.72% |
4UBQ.DE vs. UETW.DE - Expense Ratio Comparison
Both 4UBQ.DE and UETW.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
4UBQ.DE vs. UETW.DE - Dividend Comparison
Neither 4UBQ.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, 4UBQ.DE and UETW.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.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
4UBQ.DE and UETW.DE have the same expense ratio: 0.10% per year.
4UBQ.DE is categorized as S&P 500, while UETW.DE is Global Equities. 4UBQ.DE tracks S&P 500 ESG, while UETW.DE tracks MSCI World.
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