AW12.DE vs. 84X0.DE
AW12.DE (UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc) and 84X0.DE (iShares MSCI EM ex-China UCITS ETF USD Acc) are both Emerging Markets Equities funds - AW12.DE tracks the MSCI Emerging Markets Climate Paris Aligned while 84X0.DE tracks the MSCI Emerging Markets ex China Index (Net). Both are passively managed. Over the past year, AW12.DE returned 46.00% vs 68.88% for 84X0.DE. Their correlation of 0.85 suggests significant overlap in exposure. AW12.DE charges 0.16%/yr vs 0.18%/yr for 84X0.DE.
Performance
AW12.DE vs. 84X0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW12.DE achieves a 24.98% return, which is significantly lower than 84X0.DE's 40.37% return.
AW12.DE
- 1D
- -1.17%
- 1M
- 4.69%
- YTD
- 24.98%
- 6M
- 27.25%
- 1Y
- 46.00%
- 3Y*
- 18.73%
- 5Y*
- —
- 10Y*
- —
84X0.DE
- 1D
- -1.73%
- 1M
- 8.33%
- YTD
- 40.37%
- 6M
- 44.02%
- 1Y
- 68.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AW12.DE vs. 84X0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AW12.DE UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc | 24.98% | 18.87% | 12.31% | 3.71% |
84X0.DE iShares MSCI EM ex-China UCITS ETF USD Acc | 40.37% | 19.85% | 9.62% | 7.38% |
Correlation
The correlation between AW12.DE and 84X0.DE is 0.90, 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 | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.85 |
The correlation between AW12.DE and 84X0.DE has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
AW12.DE vs. 84X0.DE — Risk / Return Rank
AW12.DE
84X0.DE
AW12.DE vs. 84X0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc (AW12.DE) and iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.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.
| AW12.DE | 84X0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.64 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.61 | 5.88 | -1.27 |
| Martin ratioReturn relative to average drawdown | 16.28 | 21.92 | -5.64 |
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
| AW12.DE | 84X0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 3.52 | -1.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 1.77 | -1.34 |
Drawdowns
AW12.DE vs. 84X0.DE - Drawdown Comparison
The maximum AW12.DE drawdown since its inception was -24.09%, which is greater than 84X0.DE's maximum drawdown of -19.72%. Use the drawdown chart below to compare losses from any high point for AW12.DE and 84X0.DE.
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Drawdown Indicators
| AW12.DE | 84X0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.09% | -19.72% | -4.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -11.66% | +1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -18.93% | — | — |
Current DrawdownCurrent decline from peak | -2.26% | -2.49% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -2.70% | -7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 3.13% | -0.31% |
Volatility
AW12.DE vs. 84X0.DE - Volatility Comparison
The current volatility for UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc (AW12.DE) is 7.44%, while iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) has a volatility of 8.41%. This indicates that AW12.DE experiences smaller price fluctuations and is considered to be less risky than 84X0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AW12.DE | 84X0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 8.41% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 14.88% | 16.93% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 19.46% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.92% | 17.11% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.92% | 17.11% | +0.81% |
AW12.DE vs. 84X0.DE - Expense Ratio Comparison
AW12.DE has a 0.16% expense ratio, which is lower than 84X0.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AW12.DE vs. 84X0.DE - Dividend Comparison
Neither AW12.DE nor 84X0.DE has paid dividends to shareholders.
Frequently Asked Questions
AW12.DE and 84X0.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW12.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW12.DE is cheaper with a 0.16% expense ratio, compared with 0.18% for 84X0.DE.
AW12.DE tracks MSCI Emerging Markets Climate Paris Aligned, while 84X0.DE tracks MSCI Emerging Markets ex China Index (Net). They also come from different issuers: UBS and iShares. Their fees differ too: 0.16% for AW12.DE and 0.18% for 84X0.DE.
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