AW12.DE vs. AW1C.DE

Last updated Jun 5, 2026

AW12.DE (UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc) and AW1C.DE (UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc) are both exchange-traded funds - AW12.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Climate Paris Aligned, while AW1C.DE is a S&P 500 fund tracking the S&P 500® ESG Elite. Both are passively managed. Over the past 3 years, AW12.DE returned 18.73%/yr vs 21.18%/yr for AW1C.DE. A 0.51 correlation means they provide meaningful diversification when combined. AW12.DE charges 0.16%/yr vs 0.15%/yr for AW1C.DE.

Performance

AW12.DE vs. AW1C.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc (AW12.DE) and UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc (AW1C.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AW12.DE achieves a 24.98% return, which is significantly higher than AW1C.DE's 21.11% return.

AW12.DE

• 1D: -1.17%
• 1M: 4.69%
• YTD: 24.98%
• 6M: 27.25%
• 1Y: 46.00%
• 3Y*: 18.73%
• 5Y*: —
• 10Y*: —

AW1C.DE

• 1D: -0.12%
• 1M: 11.53%
• YTD: 21.11%
• 6M: 23.44%
• 1Y: 39.49%
• 3Y*: 21.18%
• 5Y*: 15.78%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AW12.DE vs. AW1C.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AW12.DE UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc	24.98%	18.87%	12.31%	3.30%	-15.75%	-1.31%
AW1C.DE UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc	21.11%	6.94%	24.89%	24.93%	-14.50%	12.14%

Correlation

The correlation between AW12.DE and AW1C.DE is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (All Time) Calculated using the full available price history since Aug 10, 2021	0.51

The correlation between AW12.DE and AW1C.DE shifts across timeframes, from 0.51 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AW12.DE vs. AW1C.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AW12.DE

AW12.DE Risk / Return Rank: 80
AW12.DE Sharpe Ratio Rank: 79
AW12.DE Sortino Ratio Rank: 77
AW12.DE Omega Ratio Rank: 79
AW12.DE Calmar Ratio Rank: 85
AW12.DE Martin Ratio Rank: 82

AW1C.DE

AW1C.DE Risk / Return Rank: 51
AW1C.DE Sharpe Ratio Rank: 45
AW1C.DE Sortino Ratio Rank: 49
AW1C.DE Omega Ratio Rank: 82
AW1C.DE Calmar Ratio Rank: 47
AW1C.DE Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AW12.DE vs. AW1C.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 UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc (AW1C.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	AW1C.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.52	1.56	+0.97
Sortino ratio: Return per unit of downside risk	3.40	2.34	+1.06
Omega ratio: Gain probability vs. loss probability	1.46	1.48	-0.02
Calmar ratio: Return relative to maximum drawdown	4.61	2.33	+2.28
Martin ratio: Return relative to average drawdown	16.28	4.43	+11.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AW12.DE vs. AW1C.DE - Sharpe Ratio Comparison

The current AW12.DE Sharpe Ratio is 2.52, which is higher than the AW1C.DE Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of AW12.DE and AW1C.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AW12.DE	AW1C.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	1.56	+0.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.92	-0.49

Drawdowns

AW12.DE vs. AW1C.DE - Drawdown Comparison

The maximum AW12.DE drawdown since its inception was -24.09%, which is greater than AW1C.DE's maximum drawdown of -22.40%. Use the drawdown chart below to compare losses from any high point for AW12.DE and AW1C.DE.

Drawdown Indicators

	AW12.DE	AW1C.DE	Difference
Max Drawdown Largest peak-to-trough decline	-24.09%	-22.40%	-1.69%
Max Drawdown (1Y) Largest decline over 1 year	-9.94%	-16.86%	+6.92%
Max Drawdown (3Y) Largest decline over 3 years	-18.93%	-22.40%	+3.47%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.40%	—
Current Drawdown Current decline from peak	-2.26%	-0.12%	-2.14%
Average Drawdown Average peak-to-trough decline	-9.89%	-5.82%	-4.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	8.90%	-6.08%

Volatility

AW12.DE vs. AW1C.DE - Volatility Comparison

UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc (AW12.DE) has a higher volatility of 7.44% compared to UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc (AW1C.DE) at 3.81%. This indicates that AW12.DE's price experiences larger fluctuations and is considered to be riskier than AW1C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AW12.DE	AW1C.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.44%	3.81%	+3.63%
Volatility (6M) Calculated over the trailing 6-month period	14.88%	9.14%	+5.74%
Volatility (1Y) Calculated over the trailing 1-year period	18.18%	25.24%	-7.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.92%	18.35%	-0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.92%	18.11%	-0.19%

AW12.DE vs. AW1C.DE - Expense Ratio Comparison

AW12.DE has a 0.16% expense ratio, which is higher than AW1C.DE's 0.15% expense ratio. However, 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. AW1C.DE - Dividend Comparison

Neither AW12.DE nor AW1C.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AW12.DE and AW1C.DE in my portfolio?

AW12.DE and AW1C.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AW12.DE or AW1C.DE?

On fees, AW1C.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AW12.DE or AW1C.DE?

AW1C.DE is cheaper with a 0.15% expense ratio, compared with 0.16% for AW12.DE.

What is the main difference between AW12.DE and AW1C.DE?

AW12.DE is categorized as Emerging Markets Equities, while AW1C.DE is S&P 500. AW12.DE tracks MSCI Emerging Markets Climate Paris Aligned, while AW1C.DE tracks S&P 500® ESG Elite. Their fees differ too: 0.16% for AW12.DE and 0.15% for AW1C.DE.