AW10.DE vs. MVEW.DE
AW10.DE (UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds - AW10.DE tracks the MSCI World Climate Paris Aligned while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, AW10.DE returned 12.14%/yr vs 6.47%/yr for MVEW.DE. A 0.69 correlation means they provide meaningful diversification when combined. AW10.DE charges 0.15%/yr vs 0.30%/yr for MVEW.DE.
Performance
AW10.DE vs. MVEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW10.DE achieves a 7.93% return, which is significantly higher than MVEW.DE's 1.17% return.
AW10.DE
- 1D
- 0.29%
- 1M
- 3.41%
- YTD
- 7.93%
- 6M
- 9.80%
- 1Y
- 16.96%
- 3Y*
- 16.77%
- 5Y*
- 12.14%
- 10Y*
- —
MVEW.DE
- 1D
- 0.07%
- 1M
- 1.79%
- YTD
- 1.17%
- 6M
- 1.16%
- 1Y
- 0.46%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
AW10.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW10.DE UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc | 7.93% | 9.11% | 25.31% | 21.54% | -17.22% | 22.34% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 6.27% | -5.98% | 18.39% |
Correlation
The correlation between AW10.DE and MVEW.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.69 |
Over the past year, the correlation between AW10.DE and MVEW.DE has dropped to 0.38 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
AW10.DE vs. MVEW.DE — Risk / Return Rank
AW10.DE
MVEW.DE
AW10.DE vs. MVEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.DE) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.
| AW10.DE | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.02 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 0.10 | +0.92 |
| Martin ratioReturn relative to average drawdown | 1.98 | 0.20 | +1.78 |
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
| AW10.DE | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.69 | 0.06 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.62 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.63 | +0.08 |
Drawdowns
AW10.DE vs. MVEW.DE - Drawdown Comparison
The maximum AW10.DE drawdown since its inception was -19.92%, which is greater than MVEW.DE's maximum drawdown of -13.19%. Use the drawdown chart below to compare losses from any high point for AW10.DE and MVEW.DE.
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Drawdown Indicators
| AW10.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.92% | -13.19% | -6.73% |
Max Drawdown (1Y)Largest decline over 1 year | -16.56% | -4.68% | -11.88% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -13.19% | -4.39% |
Max Drawdown (5Y)Largest decline over 5 years | -19.92% | -13.19% | -6.73% |
Current DrawdownCurrent decline from peak | -5.44% | -5.75% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -3.83% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.55% | 2.27% | +6.28% |
Volatility
AW10.DE vs. MVEW.DE - Volatility Comparison
UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.DE) has a higher volatility of 3.47% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) at 2.58%. This indicates that AW10.DE's price experiences larger fluctuations and is considered to be riskier than MVEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AW10.DE | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 2.58% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 10.93% | 5.42% | +5.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.57% | 7.97% | +16.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 10.25% | +6.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.95% | 10.82% | +6.13% |
AW10.DE vs. MVEW.DE - Expense Ratio Comparison
AW10.DE has a 0.15% expense ratio, which is lower than MVEW.DE's 0.30% expense ratio.
Dividends
AW10.DE vs. MVEW.DE - Dividend Comparison
Neither AW10.DE nor MVEW.DE has paid dividends to shareholders.
Frequently Asked Questions
AW10.DE and MVEW.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW10.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW10.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for MVEW.DE.
AW10.DE tracks MSCI World Climate Paris Aligned, while MVEW.DE tracks MSCI ACWI NR USD. They also come from different issuers: UBS and iShares. Their fees differ too: 0.15% for AW10.DE and 0.30% for MVEW.DE.
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