AW11.DE vs. MVEW.DE
AW11.DE (UBS ETF (IE) UBS Climate Aware Global Developed Equity CTB UCITS ETF (USD) Acc) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds - AW11.DE tracks the Solactive UBS Climate Aware Global Developed Equity CTB while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, AW11.DE returned 11.56%/yr vs 6.47%/yr for MVEW.DE. A 0.72 correlation means they provide meaningful diversification when combined. AW11.DE charges 0.19%/yr vs 0.30%/yr for MVEW.DE.
Performance
AW11.DE vs. MVEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW11.DE achieves a 9.77% return, which is significantly higher than MVEW.DE's 1.17% return.
AW11.DE
- 1D
- 0.07%
- 1M
- 5.23%
- YTD
- 9.77%
- 6M
- 9.99%
- 1Y
- 24.49%
- 3Y*
- 15.28%
- 5Y*
- 11.56%
- 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*
- —
AW11.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW11.DE UBS ETF (IE) UBS Climate Aware Global Developed Equity CTB UCITS ETF (USD) Acc | 9.77% | 7.84% | 22.18% | 18.68% | -14.25% | 24.39% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 6.27% | -5.98% | 21.37% |
Correlation
The correlation between AW11.DE and MVEW.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2021 | 0.72 |
Over the past year, the correlation between AW11.DE and MVEW.DE has dropped to 0.47 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
AW11.DE vs. MVEW.DE — Risk / Return Rank
AW11.DE
MVEW.DE
AW11.DE vs. MVEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) UBS Climate Aware Global Developed Equity CTB UCITS ETF (USD) Acc (AW11.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.
| AW11.DE | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +3.15 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.02 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 0.10 | +3.29 |
| Martin ratioReturn relative to average drawdown | 13.65 | 0.20 | +13.44 |
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
| AW11.DE | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 0.06 | +2.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.62 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.63 | +0.28 |
Drawdowns
AW11.DE vs. MVEW.DE - Drawdown Comparison
The maximum AW11.DE drawdown since its inception was -20.84%, 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 AW11.DE and MVEW.DE.
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Drawdown Indicators
| AW11.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.84% | -13.19% | -7.65% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -4.68% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -20.84% | -13.19% | -7.65% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -13.19% | -7.65% |
Current DrawdownCurrent decline from peak | -0.15% | -5.75% | +5.60% |
Average DrawdownAverage peak-to-trough decline | -4.45% | -3.83% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 2.27% | -0.48% |
Volatility
AW11.DE vs. MVEW.DE - Volatility Comparison
UBS ETF (IE) UBS Climate Aware Global Developed Equity CTB UCITS ETF (USD) Acc (AW11.DE) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) have volatilities of 2.49% and 2.58%, 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
| AW11.DE | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 2.58% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 7.36% | 5.42% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.41% | 7.97% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.44% | 10.25% | +3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.33% | 10.82% | +2.51% |
AW11.DE vs. MVEW.DE - Expense Ratio Comparison
AW11.DE has a 0.19% expense ratio, which is lower than MVEW.DE's 0.30% expense ratio.
Dividends
AW11.DE vs. MVEW.DE - Dividend Comparison
Neither AW11.DE nor MVEW.DE has paid dividends to shareholders.
Frequently Asked Questions
AW11.DE and MVEW.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW11.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW11.DE is cheaper with a 0.19% expense ratio, compared with 0.30% for MVEW.DE.
AW11.DE tracks Solactive UBS Climate Aware Global Developed Equity CTB, while MVEW.DE tracks MSCI ACWI NR USD. They also come from different issuers: UBS and iShares. Their fees differ too: 0.19% for AW11.DE and 0.30% for MVEW.DE.
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