AMEW.DE vs. UETW.DE
AMEW.DE (Amundi MSCI World UCITS ETF EUR) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds tracking the MSCI World, from Amundi and UBS respectively. Both are passively managed. Over the past 5 years, AMEW.DE returned 11.82%/yr vs 12.10%/yr for UETW.DE. With a 0.99 correlation, they move nearly in lockstep. AMEW.DE charges 0.38%/yr vs 0.10%/yr for UETW.DE.
Performance
AMEW.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 AMEW.DE having a 11.85% return and UETW.DE slightly higher at 12.13%.
AMEW.DE
- 1D
- 0.29%
- 1M
- 0.33%
- 6M
- 10.58%
- YTD
- 11.85%
- 1Y
- 22.08%
- 3Y*
- 16.92%
- 5Y*
- 11.82%
- 10Y*
- 12.17%
- ALL TIME*
- 13.67%
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%
AMEW.DE vs. UETW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AMEW.DE Amundi MSCI World UCITS ETF EUR | 11.85% | 7.42% | 25.77% | 19.94% | -13.80% | 32.54% | 5.32% | 14.52% |
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 AMEW.DE and UETW.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2019 | 0.99 |
The correlation between AMEW.DE and UETW.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
AMEW.DE vs. UETW.DE — Risk / Return Rank
AMEW.DE
UETW.DE
AMEW.DE vs. UETW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World UCITS ETF EUR (AMEW.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.
| AMEW.DE | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.38 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 3.39 | -0.02 |
| Martin ratioReturn relative to average drawdown | 13.36 | 13.26 | +0.10 |
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Drawdowns
AMEW.DE vs. UETW.DE - Drawdown Comparison
The maximum AMEW.DE drawdown since its inception was -33.73%, roughly equal to the maximum UETW.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for AMEW.DE and UETW.DE.
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Drawdown Indicators
| AMEW.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.73% | -33.74% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -6.51% | -6.67% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -21.69% | -21.32% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -21.32% | -0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -33.73% | — | — |
Current DrawdownCurrent decline from peak | -0.90% | -0.89% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -4.07% | -4.97% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.71% | -0.06% |
Volatility
AMEW.DE vs. UETW.DE - Volatility Comparison
Amundi MSCI World UCITS ETF EUR (AMEW.DE) and UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) have volatilities of 2.68% and 2.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMEW.DE | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 2.65% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 7.78% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.00% | 11.03% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.13% | 14.03% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.98% | 16.55% | -1.57% |
AMEW.DE vs. UETW.DE - Expense Ratio Comparison
AMEW.DE has a 0.38% expense ratio, which is higher than UETW.DE's 0.10% expense ratio.
Dividends
AMEW.DE vs. UETW.DE - Dividend Comparison
Neither AMEW.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, AMEW.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.
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 0.38% for AMEW.DE.
Both ETFs track MSCI World. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.38% for AMEW.DE and 0.10% for UETW.DE.
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